Estonian Crypto Exchange Buys Ukrainian Eurovision Trophy for $900k

The Crystal Microphone was sold for $900,000, thanks to the Estonian cryptocurrency exchange Whitebit.

Earlier this month, Kalush Orchestra won the Eurovision Song Contest, which was only to be expected. Now, the Ukrainian band is looking to helping out the Ukrainian military, which is still defending their homeland in the ongoing Russian invasion.

The Crystal Mic Converts into Three Drones

The members of Kalush Orchestra collectively decided to sell the newly acquired award in order to help the Ukrainian military’s fight against Russian forces. The musicians set up an auction for the iconic Crystal Microphone on Facebook, which turned out to be a resounding success, as the Crystal Microphone was sold for $900,000 to Estonian cryptocurrency exchange Whitebit. as reported by Ukrinform, the Ukrainian Armed Forces will be able to obtain three high quality drones thanks to the sale. The PD-2 unmanned aerial system will include a ground control station to coordinate the advanced aircraft.

The music group was ecstatic about the result, and praised their fans on Facebook with the message: “Friends, you are incredible! We are grateful to each of you who donated money to this auction, and especially to the Whitebit team who bought the trophy for $900,000 and have now become the owners of our trophy. Subscribe to them, they really deserve it! Glory to Ukraine! Glory to the Armed Forces of Ukraine!” Ultimately, the auction serves as an emotional victory for the whole country, as much as it does as financial aid.

The Largest Crypto Exchange Originating from Estonia

Whitebit is the biggest European crypto to fiat exchange, currently operating in 150 countries. The company is based in Tallinn, Estonia, and serves over 2 million customers. According to the official website, the exchange’s “main goal is to achieve the mass-adoption of technology and expand the crypto community by providing a secure and easy to use trading platform.” The exchange serves as a stellar example of what blockchain technology can do to help solve global issues.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.