Ukraine’s Ministry of Digital Transformation, FTX, and Everstake Launch Support for Crypto Fundraising Site for Ukraine

kyiv, Ukraine, March 14, 2022 /PRNewswire/ — The official website of Help for Ukrainean initiative that raises funds from the crypto community to benefit Ukraine military and humanitarian needs, was officially launched. The initiative is fueled by the Ministry of Digital Transformation of Ukraine, FTXand Everstake. This is the first example of a cryptocurrency exchange providing a conduit for crypto donations to a public financial institution.

The launch of an official website allows users around the world to have an easy way to donate cryptocurrency to Ukraine. Anyone can now select the desired amount in selected cryptocurrencies to donate, connect a wallet and confirm a transaction within the same user-friendly interface.

The fundraising process will be trackable in real time on the website. The total amount of donations will be summarized and provisionally expressed in USD at the Coingecko rate.

The website also allows more cryptocurrencies to be added to the initiative thanks to the involvement of Everstake, the largest decentralized staking provider in the industry. The company’s managers are in direct contact with representatives of the community wishing to participate in helping the populations of Ukraine. The crypto community doesn’t want to stand aside and watch Ukrainians suffer from the unprovoked aggression of the Russian Federation and the resulting humanitarian disaster Europe since the Balkan wars.

“Freedom has always been the foundation of the crypto community. It is the same core value that Ukraine is currently struggling, and the crypto community has expressed a strong desire to help Ukraine right after the start of this abyssal war. As a member of this great community and as Ukraine, we feel compelled to help in any way we can. This is how and why the aid to Ukraine came into existence”, Sergei Vasilchuksaid Everstake’s CEO.

So far, users can donate to existing Ministry of Digital Transformation wallets in BTC, ETH, USDT (TRC-20), DOT, SOL, DOGE, and XMR. The initiative also added ICX, EOS, and NEO. Help for Ukraine will add more cryptocurrencies over time.

“The ICON Foundation joins the efforts of the global community by committing $1 million aid and relief to the Ukrainian people. I hope our technology and community can make a small contribution in this time of need.” Min Kimfounder of ICON States.

Help for Ukraine cooperates with the FTX cryptocurrency exchange which converts the received crypto funds into fiat and sends the donations to the National Bank of Ukraine. It is the first-ever instance of a cryptocurrency exchange cooperating directly with a public financial entity to provide a conduit for crypto donations. Earlier this month, FTX already converted $1 million value of SOL and transferred it to the National Bank of Ukraine.

“At the beginning of the conflict in Ukraine, FTX felt the need to provide support in any way possible. Working with the Department of Digital Transformation to set up payment rails and facilitate the conversion of crypto donations into fiat currency, we have given the National Bank of Ukraine the ability to provide assistance and resources to those who need it most. We are grateful to have the opportunity to work with Sergey and the Everstake team as they continue to work tirelessly to help Ukrainians who are suffering from this conflict,” he added. Sam Bankman Friedcommented the founder and CEO of FTX.

The crypto community has already donated more than $80 million for Ukrainewith over $50 million consult the official accounts of Ukraine Ministry of Digital Transformation. Help for Ukraine seeks to raise more donations for Ukraine in the crypto community. Every contribution is important and valuable.

“Today, crypto plays an important role in Ukraine defense. Crypto assets have proven to be extremely useful in facilitating the flow of funding to Ukrainian citizens and soldiers, as well as raising awareness and engaging people around the world. The amount of crypto crowdfunding for our country is already the largest in history so far. We expect the NFT collection to provide the next boost to the crypto fundraising process. Many thanks to the crypto community for this unprecedented support from Ukraine and his defense of the principles of democracy and freedom in the face of the war waged by the Russian Federation“, Oleksandr Bornyakov, Deputy Minister of Digital Transformation of Ukraine on the development of the computer industry said.

The funds will be used to help the armed forces of Ukraine as well as Ukrainian civilians in desperate need of humanitarian aid.

To learn more about Aid For Ukraine and support its efforts, please visit: https://donate.thedigital.gov.ua/.

About the initiators of Aid For Ukraine

About the Ministry of Digital Transformation
The Ministry of Digital Transformation is one of the government authorities in Ukraine. The main mission is to build the most convenient and user-friendly country in the world. The ministry is focusing on creating “state in a smartphone”. This combines both the Diia mobile app and the Diia web portal, where citizens store electronic documents and access public services.

The ministry’s vision is that the state should not be associated with a scary monster, corruption and bureaucracy, but become a user-friendly and convenient service. The State must provide a quality and efficient service to citizens and businesses. This overall objective is broken down into 4 specific strategic objectives of the Ministry until 2024:

  • Move 100% of all public services for citizens and businesses online.
  • Provide 95% of transport infrastructure, urban areas and their social amenities with high-speed Internet access.
  • Teaching 6 million Ukrainians digital skills.
  • Increase the share of IT in the country’s GDP to 10%.

About FTX
FTX.COM is a cryptocurrency exchange built by traders, for traders. It offers innovative products including derivatives, industry-leading options and volatility products, token stocks, prediction markets, leveraged tokens and an OTC desk. FTX.COM strives to be an intuitive yet powerful platform for all types of users and to be the most innovative exchange in the industry. FTX.COM has grown rapidly since its inception, becoming one of the most respected cryptocurrency exchanges in the world in less than 3 years.

To learn more about FTX.COMplease visit: https://ftx.com/

FTX.COM is not available to residents of the United States or residents of other prohibited jurisdictions as set forth in its Terms of Use.

About Everstake
Everstake is a Ukraineand the blockchain industry’s largest decentralized staking provider, trusted by 625,000 users. The company has been using enterprise-grade hardware to run nodes for the most popular blockchain networks since 2018. Everstake employs more than 100 experts around the world and creates complex blockchain products, such as lending protocols, staking pools, blockchain bridges and marketplaces. The company has been heavily involved in the development of projects such as Metaplex, Wormhole and Everlend.

Media contacts
Liliia Tulupenko, PR & Communications at the Ministry of Digital Transformation of Ukraine: [email protected]
Group M Strategic Communications (for FTX): [email protected]
Vlad Likhuta, Head of Growth at Everstake: [email protected]

SOURCE Everstake

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