Ukraine is among those countries that quickly adopt crypto. And some of the Ukrainian crypto projects are definitely worth watching.
Ukraine had all the chances to become the first European crypto country. A European El Salvador, if you will.
And then the war started. But this fact did not change the Ukrainian position on digital assets.
Right before the Russian invasion in late February Ukrainian government was about to legalize digital assets.
Despite the war, on March 16 President Volodymyr Zelensky signed a crypto legalization bill. So now all the digital assets and crypto exchanges count as legal in Ukraine.
Moreover, since the first days of war cryptocurrencies have become a really important financial tool.
Ukraine received more than $60 million in crypto donations for its Armed Forces.
And it’s just the beginning.
There are many interesting Ukrainian crypto projects in development. Some of them are truly unique. And given how much attention is now paid to Ukraine – and there will be even more after the war! – it is obvious, some of these projects can become worldwide acknowledged breakthroughs.
Right after the war started Russian activist Nadya Tolokonnikova, Trippy Labs artists, and PleasrDAO members appeared to create UkraineDAO.
The new decentralized autonomous organization will use the power of web3 technologies to raise funds for Ukraine.
UkraineDAO already started selling NFTs transferring all the income to nonprofit organizations in Ukraine. They also started a major crowdfund campaign for those who wish to donate crypto for the DAO’s efforts.
“Creating a DAO is a good way to get international and Web3 attention and give the Ukrainian people a voice. This is exactly what DAOs are for, making change offline in the real world harnessing the power of blockchain,” said the DAO co-founder and England-based Ukrainian activist Alona Shevchenko.
This crypto fund launched by Ukrainian and foreign blockchain developers gathered more than $6.9 million since February 25.
The list of the Unchain founders include Ilya Polosukhin from NEAR Network, Dmitry Budorin from Hacken Cyber Security Services, Allbridge token platform developers, and others.
The Unchain Fund raises cryptocurrency and fiat, manages humanitarian aid, helps with evacuation and civilians support.
“Three million Ukrainians in other countries need money for housing, living costs, and psychological and professional support. Crypto has proved to be useful for displaced people, who need access to stable funds and the ability to convert crypto into fiat currency in a flexible way,” Polosukhin wrote.
There is also a crypto-to-consumer debit card called Unchain Help Card, which should help mothers to buy supplies for their children.
Actually, the Hate Race is developing a 3D video game with rat races, which is to be launched later this year. The concept of the game is to make races between rats impersonating the most hated persons in the world.
Recently the Hate Race team launched NFT-collection ‘Putin The Bloody Rat’, which is one of the most known Ukrainian crypto projects now.
The most expensive NFT in this collection costs more than $1.3 million in Ethereum (390 ETH). And the floor price for some images is 0,03 ETH ($100).
All funds raised from the NFTs sales will be sent to the official Armed Forces of Ukraine assistance wallet.
And there is one more NFT collection which has far more tough animated images of the Russian President. Here you can buy NFTs with different scenarios of Putin’s death.
The floor price of the images is 0.01 Ethereum. But the most expensive NFT with Putin being strangled by Elon Musk costs 0,74 ETH.
Putin Huilo project already gathered almost 5 ETH coins, which is more than $16 000 at the time of writing.
The money will also go to support the Ukrainian Army fighting Russian invasion.
And again, a charity NFT collection for fundraising Ukraine’s resistance. The project is based on the NEAR protocol and aimed at its community.
On the 4ireLabs page, you can see 20 NFT images of the Russian invasion, the struggle for freedom of Ukraine, and peace.
NEAR made the lowest fees for this collection, so the buyers won’t pay more than 1 cent for their transactions.
Aid for Ukraine
Created by Everstake company on the Solana blockchain, this fund transfers the collected crypto to the official accounts of the Ukrainian Armed Forces.
Aid for Ukraine Foundation is connected to the FTX exchange for the conversion process.
The fund converts crypto into dollar or Ukrainian hryvnia, and then sends it to the Ministry of Digital Transformation or the National Bank of Ukraine accounts.
The current treasury of the fund is almost $700 000.
Here is the whole meme crypto, which is supposed to become the “cryptocurrency of the Ukrainian army”.
The project is launching 10 billion UAF tokens, with a liquidity pool of one billion UAF, and 100 000 USDC.
Since March 22, 375 000 UAF is swapped to USDC every hour. Soon the assets will be spent on the Army needs, and the remaining 9 billion UAF will appear on the market in the next 1000 days.
“When Ukraine defeats Russia, lots of investments will come. It will be as simple as possible to invest in crypto-tokens of enterprises,” the UAF spokesperson said.