TL;DR Breakdown
• NGO launches crypto project to support Ukrainians.
• Crypto donations will be accepted in BTC, ETH, and USDT.
Since the onset of the conflict between Ukraine and Russia, different organizations have considered launching crypto projects to help those most affected. Recently, an NGO, Come-Back-Alive, has raised funds in the three leading cryptos: Bitcoin, USDT, and Ethereum to help Ukrainians facing catastrophe.
According to a tweet from the charity, it is necessary to support the Ukrainians on the battlefield defending themselves against the Russians. This massive attack, which many historians claim could be the start of a third world war, comes after Ukraine considered joining NATO, which went against Russian ideals.
Crypto donations for Ukraine could be of great help
The impulse of these crypto donations was promoted after Vladimir Putin, the president of Russia, gave the green light to invade Ukraine. According to reports, the Russian force reached the Border States in Ukraine and redirected their assault on Kiev, the capital city of the European state.
The NGO will help Ukrainians through crypto donations received. So far, it has raised about $4M in Bitcoin used to purchase medical equipment, food, and military supplies. Come-Back-Alive kicked off the project from Patreon and later created a website dedicated to it.
The crypto fundraiser is not controlled by any country or bank and continues to disburse charity funds in crypto to Ukraine. This project will allow several people worldwide to support the country currently going through a crisis.
Patreon removed the charity’s website for policy violation
The crypto donations project has faced a recent challenge, as the Patreon website removed the donation from its platform. The NGO developed the project almost automatically after knowing about the situation between Ukraine and Russia. The charity agency launched a website on Patreon, but the platform removed it because it did not comply with their policies.
According to Patreon’s support, it could not support a cause that promotes violence and weapons use. Close spectators of the case immediately rejected this sentiment.
However, the NGO continued its efforts, launching a website dedicated to crypto donations for Ukraine, and it is expected to raise a lot of money. Simultaneously, crypto trading is affected by a bearish streak where Bitcoin reached $39,248. The leading cryptocurrency in the market has lost over 2 percent of its price over the last week. Ethereum is trading at $2,793 with a slight 3 percent rise in price in the previous 24 hours.
