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National Bank of Ukraine Receives First Payment of Aid from Solana Community

The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative.

The initiative dubbed Aid for Ukraine is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via a special fundraiser in SOL for the support of Ukraine and the victims of the unprovoked aggression by the Russian Federation.

The funds will be sent directly to the fundraising account for the support of the Armed Forces of Ukraine and humanitarian aid programs through the intermediation of the National Bank of Ukraine.

So far, the initiative has raised more than $1.4 million, of which $375,000 came directly from Everstake, a Ukraine-based company and the biggest decentralized staking provider in the blockchain industry. The fundraiser is still ongoing. Real-time blockchain stats are available at the initiative’s website. One can also follow the initiative on Twitter.

Users can donate SOL, USDC, or even their own NFTs. The official Solana wallet for the donations is ukraine.sol,  66pJhhESDjdeBBDdkKmxYYd7q6GUggYPWjxpMKNX39KV.

"This joint effort is a fantastic reminder of the unity of the Ukrainian people and their true friends from all over the world. I sincerely and wholeheartedly thank all our partners for their amazing job. I would also like to use this opportunity to remind any business or team that they can donate funds to the Ukrainian military or humanitarian aid through our gateway in a completely safe and secure fashion. Soon we will add other cryptocurrencies to make the donation more convenient to people. Finally, I'd also love to extend my deep gratitude to the media like the Washington Post or Bloomberg who covered our initiative and thus helped us raise the funds so needed in this dark hour,"

says Sergey Vasylchuk, the Everstake CEO.

The funds will be converted by FTX, a cryptocurrency  exchange and the official partner of the initiative. Today, the first tranche of $1 million was sent thanks to the hard work of the teams at Everstake, FTX, the Ministry for Digital Transformation, and the National Bank of Ukraine.

"We are proud to be a part of this tremendous initiative to provide the people of Ukraine the financial support they need in their darkest hour. I've been truly impressed by the generosity of the entire crypto community and I'm thrilled that our platform will be able to facilitate getting this financial aid to those that need it most. We will continue to work diligently alongside Everstake, the Ukrainian government, and our other partners to deploy resources to the people,"

comments Sam Bankman-Fried, the founder and CEO of FTX.

Aid for Ukraine is among other cryptocurrency initiatives raising funds in different cryptocurrencies to aid Ukraine and its people and military. Together, they have raised over $55 million, according to Ukraine’s Ministry for Digital Transformation.

"Today, fundraising with crypto is crucial for Ukraine because it allows us to collect donations instantly from a variety of people around the world as well as scaling up the political agenda about the Russian invasion of Ukraine, raising global awareness and strengthening support of Ukraine worldwide. It is heartening to see the crypto community come together in aid of Ukraine. I would like to thank everyone from the blockchain industry who helps Ukraine, our army, and Ukrainians on this occasion. Special thanks to the Solana community and Everstake for mobilizing such urgently needed support,"

highlights Oleksandr Bornyakov, the Deputy Minister of Digital Transformation of Ukraine on IT industry development.

Private foundations have also raised millions of dollars and sent the funds to local projects aiding the military and war victims. The crypto community stands with Ukraine.

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

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