UkraineDAO – Proof that the influence of Crypto has reached the national level

In this article, I will give you an overview of what UkraineDAO is and the types of DAO available on the blockchain today. I will focus more on how UkraineDAO is different from other DAOs and how influential it is.

Let’s find out with us!

What is UkraineDAO?

UkraineDAO is a decentralized autonomous organization (KNIFE) with the initial purpose of raising money for Ukraine, a country in need, through the NFT auction of the national flag of Ukraine on PartyBid. But then they also opened a feature that allows sending donations to UkraineDAO.

100% of the proceeds from the sale of NFTs will immediately go to Ukrainian civilians who help those affected by the war initiated by Putin – “Come Back Alive”. This is one of Ukraine’s most effective and transparent charity and volunteering initiatives: savelife.

savelife homepage
Savelife’s homepage

The birth of UkraineDAO

February 24, 2022, the idea of ​​​​founding UkraineDao (UD) was conceived shortly after Putin started the war in Ukraine. Nadya from Pussyriot, Trippy from Trippy Labs, Alona (Co-Founder) and PleasrDAO members started chatting online.

To learn more about the conflict between Russia and Ukraine, read more HERE.

twitter alona
Co-founder of UkraineDAO – Alona.

They invite others with diverse backgrounds in technology, contract experience, activists, artists, influencers, editors, media.

All these individuals in geographically isolated but seemingly borderless locations gathered together with the goal of uniting to help Ukrainians on the ground as soon as possible.

February 25 – 26, 2022: In the end, it was decided that PartyBid would be the best tool to use for aggregating donations (contractors need an established wallet, etc.), other donations would be accepted. received through UkraineDAO. The amount received on February 25 is about 44 ETH from an unnamed person.

March 3, 2022the raise fund program based on the auction of the national flag of Ukraine has ended.

Also on 3/3/2022the LOVE tokens promised to be airdropped were transferred to the wallet addresses of those who donated.

March 4, 2022more than $12 million from UkraineDAO-related efforts has been raised, which includes:

  • $6.5M was raised from Ukraine flag auction proceeds with 3,271 contributors through PartyBid.
  • Over $6.2M has been raised from the donation itself through UkraineDAO.
ukrainedao donation wallet address
UkraineDAO wallet address where people will donate assets to

Up to the time of writingUkraineDAO – is currently the organization with the largest NFT-based crypto donation to Ukraine’s war efforts to date.

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Current status of DAOs on the market

Let’s take a look at the many types of DAOs available on the market today with a multitude of different purposes, such as:

  • DAO from the protocol itself: UniswapDAO, PancakeDAO.
  • DAO about games: Yield Guild Games, Merit Circle, Ancient8.
  • DAO aims to address liquidity and DeFi 2.0: OlympusDAO.
  • Investment DAO: The LAO.
  • Environmental DAOs such as: KlimaDAO.
  • DAOs allow the creation of other DAOs: Juicebox.
  • DAO to buy the US constitution: ConstitutionDAO.
  • DAO to help free political prisoners: AssangeDAO.
famous knives 2020 2021
Famous DAOs during late 2021 – early 2022

All of the above decentralized autonomous organizations (DAOs) have the same advantage that the impact of these DAOs is limited to a certain area such as from the protocol / application on the blockchain itself and serving for certain areas such as investment, environment, games. These are all DAOs that have Only Impact in the DeFi and Crypto Markets.

Recently, some waves of DAOs have been quite meaningless like ConstitutionDAO about buying the US constitution (an impossibility) received great public acceptance. After that, some DAOs carried a larger meaning such as asking for forgiveness for some influential people in the world like FreeRoss (artist) with FreeRossDAO.

constitutiondao

Even, Julian Assange (who contributed to helping the world know about government conspiracy concealed by publishing secret documents) with AssangeDAO was born to take advantage of the power of the community to put pressure on the US courts.

This event has been popularized by famous people like Vitalik Buterin (Founder Ethereum) or Edward Snowden (former US intelligence) – who made moves to expose the US and helped Russia resonate globally. support for this event.

edward snowden tweets
Edward Snowden’s tweet about supporting AssangeDAO

However, these DAOs still have a small impact that can save thousands or millions of lives like UkraineDAO.

How big is the impact of UkraineDAO?

You also know that the previous types of DAOs were used for some small-scale purposes and mainly brought some benefits to the community in certain protocols, applications or fields. in the decentralized financial market.

However, with UkraineDAO it is different, this is a decentralized organization fighting for a higher purpose, which is the life and right of survival of innocent people in a war started by the political leaders with no regard for humanity.

UkraineDAO is one of the decentralized organizations that have joined other influential donors in the market such as Binance, FTX, Near Protocol, Polkadot to help Ukraine.

Ukraine relief
Efforts to aid Ukraine during the war from the Crypto market (updated February 28, 2022).

UkraineDAO has elevated the value of an ordinary DAO to the national level and beyond the boundary between the traditional market and the Crypto market. UkraineDAO is the representative of the Crypto and blockchain market to help those who really need them.

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UkraineDAO has raised more than $6.2M (the actual number is much larger because it has been transported in batches and war situations), greatly supporting while soldiers, casualties, food and even other needs such as the evacuation, transportation and flight of innocent people.

I didn’t really research UkraineDAO after accidentally seeing a video online of a kid practicing a bike on a street corner and a Russian bomb was “accidentally” dropped and the ending really couldn’t be acted out. out verbally.

UkraineDAO is a revolution, not only physical, but also the stature of the people who built the blockchain. It contains more meanings in terms of token value or blockchain technology in a distant, confusing, illusory, but very real way.

So real, donations can be transported and converted into useful objects that can save lives without verifying the integrity of the information or making fat “statements”. blur.

UkraineDAO is also a representative of blockchain technology that respects equality with individual individuals in the network.”peer-to-peer” between people and people. All of them joined hands, each contributing a little effort to support those in the most dangerous and difficult situations on the front lines.

The difference between Centralized Organizations vs Decentralized Organizations in Ukraine-related developments

However, in the latest development, an action of the Ukrainian government has shown the weakness of centralized organizations when they have the right to abuse the media and take advantage of humanity’s trust and love for peace. to be used for other purposes.

It is a case of the government leaking information that will airdrop to people who donate in ETH but then they agree not to issue tokens.

Ukraine confirms airdrop
The Ukrainian government’s Twitter confirmed that there will be an airdrop for those who donate Crypto for the relief of the country via 3 previously announced wallet addresses.

The data shows that after this tweet, more than 20 million dollars have been contributed to the above wallet addresses and recorded by Dune Analytics reaching a spike of tens of millions of dollars in less than a day.

donation amount for ukraineedao
Metrics record a spike in contribution rates after tweets about “airdrop confirmation”

However, in a recent announcement from the representative of UkraineDAO and he announced the cancellation of the plan to airdrop and launch the token. Instead, the government will soon launch the NFT in support of the Ukrainian armed forces.

Ukraine cancels airdrop
Confirmation of cancellation of the airdrop from a representative of the Ukrainian government

This can be seen as a classic “stealing” action of this country in taking advantage of the desire to “receive airdrops” from Crypto users, especially during a downtrend market.

There is no convincing reason for this action of the Ukrainian government and it has created a bad image for the government of this country in the eyes of Crypto market participants.

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Conclusion & lessons learned

The following are conclusions from the analysis of the UkraineDAO project and lessons from the Ukraine government donation situation:

  • UkraineDAO is proof that the use case or usefulness of the Crypto market and blockchain technology can be successfully applied in the real world.
  • Decentralized organizations are more trustworthy than traditional ones.

⇒ Lesson: Should not be too greedy and only put trust from one side even if it is a government and of course should trust more in DAO decentralized organizations (where manipulation and all information can be limited. can be looked up clearly and transparently).

Forecast of Crypto Acceptance Based on Ukraine – Russia Events

If you follow the very hot political situation in the world, Russia is currently being applied unprecedented sanctions from Western countries to limit the ability to bring Russian troops into Ukraine by attacking the system. banking system. Specifically, they will apply an order to remove 7 Russian banks from the global banking system by blocking the SWIFT payment gateway.

This means that the order will have a huge impact on a country that relies on the SWIFT platform for vital natural resource trade, especially payments for oil and gas exports like Russia. .

On the other hand, Russia has also attacked infrastructure such as the internet and cut off aid to the country. However, fortunately, billionaire Elon Musk has accepted to support the Starlink satellite network system to provide the internet and thereby serve as a springboard for receiving relief from the Crypto market.

This is when the Crypto market becomes a voice when with full network elements, Crypto transactions entering or leaving the country without going through the Swift system like Russia are being punished. Countries that are in a situation like Ukraine can also fully receive aid through the Crypto market to convert into essential and urgent items.

This is a proven case, and countries in the future will be able to consider adopting this form to combat over-reliance on globally centralized payment systems like SWIFT. Of course, sanctions related to banks will no longer be a concern for countries and the adoption of Crypto may be more widely accepted.

Conclude

Thus, I have contributed more pieces of information that I have gathered for you as well as some personal thoughts about UkraineDAO so that you can follow the most complete and close information.

I and the team will try to follow the market as closely as possible and provide detailed, complete and updated analysis in a more timely manner and if you are interested, please look forward to it!

Source: UkraineDAO – Proof that the influence of Crypto has reached the national level
– TechtipsnReview

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