Ukraine cancels token airdrop, reveals new NFT plans


Ukrainian Vice Prime Minister Mykhailo Fedorov informed the public on Wednesday that the country has decided to cancel an airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead.

Ukraine’s crypto airdrop program took an unexpected turn on Wednesday when a fake account created 7 billion “Peace World Tokens,” making it seem like it was the official airdrop token for crypto donors.

The fake airdrop began almost an hour before the officially announced time but was flagged soon after by Etherscan. A couple hours later, Fedorov announced that Ukraine plans to use NFTs and has given up plans of offering any fungible tokens.

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Fake airdrop WORLD token wallet  Source: Etherscan

The official Ukrainian crypto wallet for donations reportedly received $7 million in donations after the airdrop announcement, which became a topic of debate on Crypto Twitter. While the minister didn’t reveal the reason for the cancellation of the airdrop, some in the crypto community were not happy about the U-turn, while others, like Twitter influencer Cobie, found some humor in the situation.

Related: Anti-war Russians start donating crypto to support Ukraine

Initially, Ukraine announced the airdrop on Wednesday following robust support from the crypto community along with millions in digital asset donations.

Ukraine has turned to crypto amid the worsening situation in the country as a result of Russia’s invasion. Last Saturday, the official Twitter account for Ukraine shared a Bitcoin (BTC) and Ethereum (ETH) wallet address along with a call for help from the crypto community the world over.

Upon the crypto community’s request to add more crypto support, the official donation wallet went on to add Polkadot and Dogecoin addresses as well.

Reports suggest that the official donation wallet for Ukraine has received a total of $37 million in tracked crypto donations.