The benefits and risks of VCs in crypto communities

July 8, 2022

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During ongoing war, Ukraine accepts Bitcoin, Ethereum and USDT donations The Ukrainian government reached out to the cryptocurrency community via Twitter in the first week after the Russia-Ukraine conflict to raise funds for its troops and civilians. Ukraine now accepts donations in Bitcoin ( TTC), Ether( ETH), and Tether ( USDT). Ukraine sought international assistance amid military threats in the country. But, time is critical and the official Twitter account for Ukraine has extended its request for assistance to Crypto Twitter.
Support the Ukrainian people. Accepting cryptocurrency donations Bitcoin, Ethereum, and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14 Ukraine / Ukrayina, (@Ukraine). February 26, 2022
Mykhailo Fedorov (vice prime minister of Ukraine) also shared three wallet addresses. He urged the crypto community for donations to help Ukraine defeat Russian troops. The BTC and ETH addresses are the same. However, the USDT wallet address was TRC-20-based. It is different from the address shared on Ukraine’s official Twitter account.
Support the Ukrainian people Accepting cryptocurrency donations Ethereum. Bitcoin and Tether (USDTtrc20). BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14 USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy — Mykhailo Fedorov (@FedorovMykhailo) February 26, 2022
Vitalik Buterin (prominent crypto entrepreneur), initially believed that accounts asking for crypto donations had been hacked. American diplomat Tomicah Tillemann confirmed that the accounts were legitimate with Olexander Scherba, the Ukrainian Ambassador.
It’s been confirmed by a few sources. For now, I am deleting my warning. Keep alert and be careful when sending irreversible cryptocurrency transactions. https://t.co/Odv5pxf3mp — vitalik.eth (@VitalikButerin) February 26, 2022
Ukrainian civilians-turned-refugees have reported the loss of access to their fiat savings and credit cards. As of Saturday, more than 150,000 people had been forced from Ukraine by the United Nations.
My Ukrainian credit cards are no longer valid. Although I am physically safe in Kazakhstan, all of my savings have disappeared. Crypto is my only source of money, and I can confidently say that $BTC and $ETH will save my life, even if I’m unable to return home. — ARTYOM FKsDOSOV, @usleepwalker February 25, 2022
Although there has been confusion about the intended uses of crypto donations, Buterin shared another initiative. This is a decentralized autonomous organisation that focuses exclusively on Ukrainian citizens.
Here’s your chance to help the Ukrainians! Proceeds will go to civilian efforts to help Ukrainians affected by the war. https://t.co/GD7Qlw61nT — vitalik.eth (@VitalikButerin) February 26, 2022
UkraineDAO was launched by Nadya Tolokonnikova of Pussy Riot. It started with the release a one-of-1 nonfungible token (NFT), of the Ukrainian flag in order to raise funds for Ukrainian civil organizations that help victims of war. Cointelegraph reported on Thursday that the Ministry of Defence of Ukraine had received many requests from asking for crypto donations.
Crypto donations can be very helpful. It’s fast, secure, and easy. Also, consider this method — timo (@tymo_tt) February 24, 2022
Unconfirmed but believed to be true, donations to addresses shared by Ukraine may be used directly by government officials, while DAO proceedings will be directed towards citizens’ welfare via NGO. Related to The reaction of the Crypto community to Russia’s war on Ukraine Prominent crypto entrepreneurs have made proactive efforts to help the Ukrainians since Thursday. Sam Bankman-Fried, CEO of FTX, was the first to offer monetary support for FTX traders in Ukraine.
We just donated $25 to each Ukrainian on the FTX Do what you have to do — SBF (@SBF_FTX). February 24, 2022

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Jon July 8, 2022

Jon

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Opinion writer on 7trade7