Ukraine calls off cryptocurrency airdrop program, rather embraces NFTs plan

The government of Ukraine declared that it cancelled its plan of crypto airdrop for receiving donations towards its war against last week Russian invasion. The authorities have instead said that they will sell non-fungible tokens (NFTs) to generate funds to foster its armed forces.

Ukraine’s Vice Prime Minister, Mykhailo Fedorov informed the citizens that the country has decided to cancel the airdrop for crypto donations and rather now plans to generate more funds though the sale of NFTs.

The government of Ukraine intended to begin the airdrop. However, the crypto airdrop program took an surprising turn on when scammers began targeting Ukraine’s fundraising efforts by developing a fake token designed to look official. Scammers developed a fake token and made it appear like it was the official airdrop token for cryptocurrency donors.

The fake airdrop began almost one hour prior the officially declared time, but Etherscan eventually flagged it as fake. Many hours later, Fedorov declared that the country has cancelled the crypto airdrop program and now intends to use NFTs to support the nation’s armed forces. Although the airdrop program is now cancelled, it was a successful marketing tool in getting further donations.

Author: Diksha Khiatani

A writer by day and a reader at night. Emerging from an Engineering background, Diksha is a travel freak and anxious to explore different cultures and religions. Inclined towards the off-beat places, she wishes to uncover the secrets on her Scooty (if possible). She always grabs some time to take a quick nap, listen to music, skating and eat a brownie.

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