What Happened: Ukraine made the announcement on its official Twitter account early Tuesday.
See Also: How To Buy Polkadot (DOT)
Why It Matters: It was reported on Monday that Ukraine raised almost $11 million following its public appeal for donations in Bitcoin and Ethereum in the aftermath of the country's invasion by Russia.
Others in the cryptocurrency community such as Dogecoin (CRYPTO: DOGE) and Polkadot — an open-source sharded multichain protocol — had also offered to help Ukraine.
The founder of Polkadot, Gavin Wood, has said he would personally contribute $5 million if Ukraine opened a DOT address.
In addition to the Ukrainian government’s efforts, cryptocurrency exchange Binance said it was donating $10 million “to help the humanitarian crisis in Ukraine,” and launched a fund to provide emergency relief for Ukraine through crypto crowdfunding.
Price Action: Polkadot is up 10.1% during the last 24 hours, trading at $18.68 at press time.
Read Next: High Demand For Bitcoin Amid Russian Invasion Lead To Apex Crypto Trading At Big Premium In Ukraine
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