Ethereum (CRYPTO: ETH) co-founder and Polkadot (CRYPTO: DOT) founder Gavin Wooden has donated $5.6 million price of DOT to Ukraine because the nation tries to bolster its reserve of cryptocurrencies amid a battle with neighboring Russia.
What Occurred: Wooden despatched 298,367 DOT to Ukraine’s DOT tackle, based on blockchain knowledge. Based mostly on DOT’s value of $18.66 at press time, the donation is price $5.6 million.
Wooden took to Twitter to supply a hyperlink to the transaction hash of his donation.
— Gavin Wooden (@gavofyork) March 1, 2022
Ukraine’s DOT tackle now holds 324,512 DOT, valued at $6 million as at press time.
See Additionally: How To Purchase Polkadot (DOT)
Why It Issues: Wooden had pledged to donate $5 million to Ukraine if the federal government opened a DOT tackle.
The Ukrainian authorities had earlier made a public enchantment for donations in cryptocurrencies similar to Bitcoin (CRYPTO: BTC) and Ethereum within the aftermath of Russia’s invasion of the nation. This led to backers of different cryptocurrencies, together with Polkadot and Dogecoin (CRYPTO: DOGE), to name for his or her cash to even be accepted for donations.
Ukraine raised virtually $11 million in cryptocurrency donations following the enchantment, it was reported on Monday.
Value Motion: Polkadot is down 0.9% over the past 24 hours, buying and selling at $18.59 at press time.
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