Ukraine accepts DOT, founder Gavin Wood donates $5.8 million

Calls from the crypto community to Ukraine to accept other cryptocurrencies have been answered. Ukraine’s official Twitter account shared that it is now accepting donations from Polkadot (DOT) while other cryptocurrencies will be added soon.

Gavin Wood, the co-founder of Polkadot, had previously shared that if Ukraine’s portfolios added DOT, he would personally contribute $5 million. He kept his promise to donate 298,367,2269896686 DOT, about $5.7 million for Ukrainian wallets.

Total crypto donations to Ukrainian charities, the military and the government have received more than $37 million, according to Coin-Crypto estimates. Wood’s one-time donation includes more than 10% of total crypto donations.

Indeed, Wood’s donation is one of the largest individual crypto donations to date. Sam Bankman-Fried’s platform, FTX, donated $25 to every Ukrainian on its exchange platform, while Chain.com CEO Deepak Thapliyal donated 100 ether (ETH), or more than $280,000 USD.

In addition to Wood, the Polkadot ecosystem had already contributed more than $210,000 to the official DOT wallet for Ukraine as of this morning, according to the Polkadot blockchain. data

For cryptocurrencies not accepted by Ukraine, coin gate, a Lithuania-based fintech offers a solution. As a payment gateway for cryptocurrencies, Coingate allows holders of other cryptos to donate to Ukraine. Coingate manages the crypto payments for a list of more than 70 cryptocurrencies, which eventually credit the Ukrainian bank account with euros.

The cryptocurrency donation portal with coins. Source: Coingate

Related: Crypto Exchanges Heed Ukraine’s Call to Freeze Russians’ Bitcoin

To date, the crypto community has been quick to come to the rescue of Ukraine’s plight, with donations and words of encouragement. Twitter observers noted that Ukraine’s innovative crypto activity was an attempt to “make history”.

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