UkrainianPool kickstarts the first-in-the-world not-for-profit ISPO crypto fundraising project to support the needs of Ukrainians affected by the war. The project was developed by 4 Initiative Creators – Ugnius Šeškas and Karolis Gogaitis, Principal Partners of Beckton Group, Laura K. Inamedinova, Founder & CEO of LKI Consulting, and Paulius Vaitkevičius, Founder & CEO of VILP Solutions. Instead of providing commercial benefits to the community members participating in the fundraising, they call the international crypto community to stake their crypto funds with block rewards being directly transferred to the Ukrainian government.
“Blockchain has always been about freedom - freedom of choice and freedom of expression. We stand with the people of Ukraine and commit to unite the unstoppable crypto community worldwide, supporting Ukrainians fighting for their truth, power, and liberation,” emphasized Laura K. Inamedinova, Founder & CEO of LKI Consulting and Initiative Creator of the project.
The project currently runs on Cardano ecosystem and uses the blockchain’s embedded feature to validate transactions through the stake pools and issue rewards for each validated transaction in the form of financial support for Ukraine. Any community member willing to join the initiative can stake their crypto currency directly in the Daedalus or Yoroi wallets without losing any personal funds. The locked funds are linked to a specific stake pool and can be withdrawn at any time. The more funds are staked in the pool – the more funds can be raised for Ukrainians in need.
“The format of the ISPO fundraising is not new to the industry but its scope was always limited to the commercial projects. The tragic events that transpired in Ukraine on February 24th made us take initiative and develop a fast and trustworthy way to support Ukrainian people in the decentralized space ,” explained Ugnius Šeškas, Partner of Beckton Group and Initiative Creator of UkrainianPool.
With utmost transparency and openness, UkrainianPool invites all of the contributors to check what happens with funds on the open-sourced protocol. The Team behind the project operates with the support from the Ministry of Digital Transformation of Ukraine and plans to pay out the accumulated rewards every 5 days post the 14-days maturity period.
“Crypto proved to be a real life saver due to its ease of use. The crypto community has already shown unprecedented unity while standing with Ukraine. It's a significantly important trend: Ukraine’s support is constantly growing. No wonder, both Ukraine and crypto serve the principles of freedom and democracy and get used to fighting for their rights,” said Oleksandr Bornyakov, the Deputy Minister of Digital Transformation of Ukraine on IT industry development.
Supported by a diverse group of Advisors and Independent Contributors from 8 countries, UkrainianPool gathered a team of 25+ professionals in Marketing, Cybersecurity, Development, Law, and PR/Communications to drive the project forward. The most notable backers include MELD, CRYPTO A.M., and Acta Finance.