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Ukraine Says It Will Reward People With Crypto Airdrop After Receiving $33 Million in Donations (vice.com) 28

Posted by msmash from the up-next dept.
The Russian invasion of Ukraine has been marked both by brutality and stunningly modern turns -- from threats to crash the International Space Station and chaotic cyber vigilantism to the ambiguous role that cryptocurrency is playing on both sides of the war. Now, Ukraine has taken a page out of the buzzy crypto industry playbook and announced an "airdrop" to "reward" those who donated to the country's defense efforts using cryptocurrency in a tweet more in line with a startup than a nation at war, to the elation of some and the confusion of many. From a report: "Airdrop confirmed," the official Twitter account for Ukraine's government tweeted on Wednesday morning in a thread where it listed cryptocurrency donation addresses. "Snapshot will be taken tomorrow, on March 3rd, at 6pm Kyiv time (UTC/GMT +2 hours). Reward to follow!"
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Ukraine Says It Will Reward People With Crypto Airdrop After Receiving $33 Million in Donations More

Ukraine Says It Will Reward People With Crypto Airdrop After Receiving $33 Million in Donations

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  • An NFT of a low-res public jpeg of Victor Yushchenko.

    • I wouldn't mind a picture of the Russian tank getting blown up with the weapons they bought with my crypto donation.

      Think of it like real life Battlefield 2022!

      • Trust me, your crypto donation went straight into some scammer's crypto wallet. I used to work for a military supplier, and at no point do I remember them taking Bitcoin for payment.

        • Maybe 'used to' is the operative phrase here. The arms trade and blackbox world seems like a space where crypto would be useful.
  • I'd be leery about donating to a cryptocurrency address based on a Tweet. Given their high profile, let's hope their Twitter account wasn't hacked, else those addresses they posted might be owned by someone in Russia.

  • I don't understand. People donated crypto to Ukraine, and now Ukraine is going to donate crypto back to people?

    • This. I feel like we're back in the late 90s with the "new economy" where profit doesn't matter.

    • A token airdrop is very much a common occurrence in crypto these days.
      Typically, a project will take a "snapshot" of all the addresses that have engaged in some activity (using a particular service, for example, or paying gas fees on Ethereum, or donating) and then "airdrop" new tokens into those addresses for free.
      This is sometimes done to kickstart a DAO, where the airdropped tokens are meant for governance purposes, or sometimes it's just done as a reward for users as the airdropped tokens gain value.

      It's unclear which direction Ukraine will go in with its airdrop, and it's very possible that the promised reward will be the equivalent of a worthless "I donated!" participation sticker.
      Letting the world know that the snapshot will be taken tomorrow could also encourage more donations as people pile in for the reward in the meantime.

      • So, with the same value as any other NFT..

        • Well, this one actually being a proof of donation to the Ukrainian government for the purposes of defense from the Russian invasion...
          Value may range from "good boy" pat(riotic) on the back, through "some minor benefit from Ukrainian government down the road - maybe free parking each second Tuesday"... all the way to "polonium tea party sponsored by FSB".

        • You clearly do not understand the value of NFTs.

          Look at it like this: what is the Mona Lisa worth? What is a copy of the Mona Lisa worth? What makes the Mona Lisa valuable is that it is an original by some artist, but it is only worth something if you can verify it is the original though. Now there are people that will attempt to sell you a copy and tell you itâ(TM)s the real one, but that just means youâ(TM)re a dummy for not verifying the story. From a very practical viewpoint, the Mona Lisa is

    • Allow me to explain for the crypto-luddites. An airdrop is a free token mint that goes to donator addresses. Think it as one of those liberty mint commemorative plate fucking things that I have a vague memory of from my childhood. Remember how cool you thought those were?

    • Re: (Score:2)

      by kmoser ( 1469707 )
      "In Soviet Russia--er, Ukraine--cryptocurrency buys *you!*"

  • Monty Python. Or maybe it's a real-life version of "Idiocracy" the horror story version.

    And considering who has professional comedy in his resume.

  • tax free I hope or people who lost there homes may also now be facing an big tax bill.

  • putin.
    is this person good for business.
    and if so.
    whos business is he good for.
    then go after that oligarch

  • "Crypto Airdrop" would make a pretty cool band name
  • A big french media(France Info) explains that an airdrop is the AirDrop feature of Apple. This is the current state of journalism.

    On a appris ce matin que le gouvernement ukrainien allait faire un AirDrop [dispositif de partage de fichiers de proximité sans fil] sur les gens qui ont donné des cryptomonnaies

    So I bought a mac to get my airdrop.

  • 1. Announce large crypto reward "Airdrop"
    2. Drop thousands of little parachuted USB sticks behind enemy lines
    3. Watch as enemies turn on each other hoping for millions in crypto.

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