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"Dogecoin, itself, is generally used for small transactions, but we are a caring and passionate bunch,ā said Billy Markus, who said he sent funds to Ukraine.
With the price of the meme-based token Dogecoin (DOGE) higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time.Ā
Ukraine's Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had āexceeded Russian ruble in valueā ā though the ruble has dropped significantly against the U.S. dollar in the wake of U.S. and EU sanctions, its price has been lower than DOGEās since January 2021. According to data from Cointelegraph Markets Pro, the price of DogecoinĀ is roughly $0.13 at the time of publication, having fallen by less than 1% over the last 24 hours.
However, Fedorovās message on Twitter also called for DOGE proponents including Tesla CEO Elon Musk and Dogecoin founder Billy Markus to donate to Ukraineās military and āsave lives from Russian invaders.ā According to blockchain records, the provided wallet address has received more than 397,848 DOGE from 607 transactions ā roughly $53,000 at the time of publication.
āDogecoin folks arenāt usually rich and Dogecoin, itself, is generally used for small transactions, but we are a caring and passionate bunch,ā said Markus, who said he sent funds to Ukraine. āThose who want to help will offer what they can.ā
@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let's do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
ā Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022
Ukraineās official Twitter account also said it will be conducting an airdrop on Thursday for users who made crypto donations to the country. Itās unclear what officials intend to distribute to crypto users, but the message hinted at a ārewardā:
Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours).
Reward to follow!
Follow subsequent news re Ukraineās crypto donation campaign at @FedorovMykhailoā Ukraine / Š£ŠŗŃŠ°ŃŠ½Š° (@Ukraine) March 2, 2022
Related: Crypto community reacts to Russia's war in Ukraine
Fedorov and Ukraineās Twitter account have solicited other crypto donations following Russia's military action in the country on Feb. 24, accepting Bitcoin (BTC), Ether (ETH), Polkadot (DOT) and Tether (USDT). However, there are other organizations calling for crypto funds to support Ukraine, including the non-government organization Come Back Alive, UkraineDAO led by Russian music group Pussy Riotās Nadya Tolokonnikova and activist-led Unchain Fund. At the time of publication, blockchain records show nine tracked funds have raised roughly $79.5 million in crypto donations for Ukraine.
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