Uniswap ($UNI) Simplifies Giving Tokens to Ukraine, Polkadot Founder Donates $5.7 Million in $DOT

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Uniswap ($UNI) Simplifies Giving Tokens to Ukraine, Polkadot Founder Donates $5.7 Million in $DOT.
Uniswap ($UNI) Simplifies Giving Tokens to Ukraine, Polkadot Founder Donates $5.7 Million in $DOT.

Uniswap ($UN), a leading decentralized exchange, has developed an interface that enables users to swap ERC-20 tokens on the Ethereum blockchain and donate them to the Ukrainian government in a single transaction.

In the face of a Russian assault on multiple fronts, the Ukrainian government stated late last month that it would accept cryptocurrency donations. The troubled country first accepted Bitcoin ($BTC), Ethereum ($ETH), and $USDT, according to a post from Ukraine’s official Twitter account.

The post was accompanied by addresses for individuals wishing to donate to the country’s efforts to repel the Russian invasion, including civilian and military help. The new Uniswap interface streamlines the donation process by allowing users to easily swap tokens for ETH and give them without incurring fees.

1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government 🇺🇦 can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction.https://t.co/3zuJLpmWNQ https://t.co/Fg3HSdbNSF

Uniswap’s Follow Up Tweet On Ukraine

The address supplied by the Ukrainian government appears to be for a centralized cryptocurrency exchange that “appears to take just USDT and ETH,” according to Uniswap in a follow-up tweet. Uniswap’s interface was built to allow donations in various coins.

As reported earlier this week that cryptocurrency donations to the Ukrainian government and several non-governmental organizations aimed at assisting the country during its ongoing conflict had surpassed the $30 million mark.

Non-fungible token (NFT) donations sent to Ukraine’s wallets, as well as a pledge by leading cryptocurrency exchange Binance to donate $10 million “to help the humanitarian crisis in Ukraine,” backed up these donations.

Read More: Bitcoin and Ethereum Traders Now Have a New Way to Reduce Market Risk

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