In the spirit of transparency, the Ministry of Digital Transformation of Ukraine financial statement We detail how we spent $54.6 million worth of funds raised from the crypto community.
Ukrainian Minister for Digital Transformation Mikhail Fedorov Tweet On August 17, most of the spending was used to support military fighting.
Raised $54 million in funding @_AidForUkraine, we provided the defenders with military equipment, armor clothing, medicine, and even vehicles. Thank you for the support of the crypto community since the invasion began in earnest! I will report below. pic.twitter.com/lifHAP8R4f
— Mikhail Fedorov (@FedorovMykhailo) August 17, 2022
A closer look at the details of the report reveals that Ukraine is the largest funder of military activity, spending more than $38 million.
Military spending includes $11.9 million spent on UAV purchases, $7 million on armored vests, $3.8 million on field rations, $2.7 million on uniforms and accessories, and $1.7 million on infrared cameras. was spent.
Medicines and military medical kits cost $1.3 million and $1.2 million, respectively. The country also purchased a wireless communications kit for $351,146 and communications equipment for $924,618.
Some items were considered classified as revealing their details in the midst of an ongoing war could be threatening. Confidential items include $5.7 million spent on computer hardware and software, $5.3 million spent on global anti-war campaigns, and $5.1 million spent on weapons purchases at the request of the Treasury Department. It is included.
The ministry said it would provide a detailed list of every penny spent on an ongoing basis. Ukraine also launched an English-language news platform, United 24, It provides real-time updates on the war situation and weekly reports on how your donations are being used.
Crypto Community Support for Ukraine
The $54.6 million that the Treasury Department put aside is part of the story of how the crypto community aided Ukraine’s war effort.
In the wake of the war, Deputy Minister Alex Bornyakov Ministry of Digital Transformation interview Received $100 million from the crypto community, $60 million @_AidForUkraine Through the Kuna crypto exchange.
Many supporters have also given up on expensive NFTs. Ukraine DAO Auctioned a country flag NFT that sold for $6.75 million, with individuals donating CryptoPunk NFTs.
As a thank you, Ukraine had planned to conduct airdrops for donors, but withdrew after much consideration given the growing number of microdonations.