Bitcoin Forum

i was watching the NLW breakdown  (https://www.youtube.com/watch?v=pHUYp0Dn61Y)today and was amazed to see Ukraine plans to airdrop thier own nation-state token to those who will donate to their war. the funds raised up to $54M based on this article from cnbc (https://www.cnbc.com/2022/03/03/ukraine-raises-54-million-as-bitcoin-donations-surge-amid-russian-war.html) and this is after the Ukrainian government announced this airdrop. Mykhailo Fedorov )Vice Prime Minister and Minister of Digital Transformation) the next day tweeted, they are not distributing Ukraine coins but instead NFTS.  https://twitter.com/FedorovMykhailo/status/1499348177002151937

this guy from youtube also talked about his frustration about this rug pull. notice her girl roaming behind him https://www.youtube.com/watch?v=nOGwy85r98k

this could have a positive effect on crypto if the country really sends out government-backed tokens. do you think the IMF also advised Fedorov not to pursue this Ukrain coins?  what do you think stopped them from releasing?

Why are you saying this as a rug pull? This is a donation mate and hoping to get NFTs from there was a bonus and if you are the real donators and you will not expect something from what you have been donated. Calling this as a rugpull didn't fit with the fact if ukraine was looking for the donation but he was thinking NFT as a payback or award to the donators.
It sounds weird if i heard that there was a youtuber that called this as a rug pull when this is about people donated to the ukraine to be able to keep itself from the rusia attack.
I think that this is not good to call that as a rug pull.

In my understanding after watching the video and the reaction of people on Twitter, I think Ukraine concealed their intentions since many people including the Youtuber confirmed that they wouldn't have supported or donated to Ukraine if they didn't promise an Airdrop to supporters. On the other flip, Ukraine is under an attack and it's not a joke, they will do anything possible to raise funds to fight. Launching an Airdrop instead of an Aircraft is like a joke to the Ukrainian Government or the world. So, it's not a rug pull because this is not the best time to blame Ukraine they are going through a lot to consider a cryptocurrency project.

They are not foreshadowing, they probably didn't expect so much money to donate to them, and seeing their twitter feels like they are playing a joke.

I really don't think that "rug pull" is the right term here because a rug pull is when a developer of a token is providing liquidity on a decentralized exchange like for example uniswap or pancake swap first and after people have bought their tokens they remove all the liquidity again so they have more tokens of the "other side" of the trading pair like USDT, ETH or BSC for example.
I also said yesterday in another thread in this forum that i find this free NFT for a donation thing kinda weird to be honest. If you want to donate to help the people of the Ukraine then you should do it. Now a lot of people will donate like 1 USDT just to get the NFT and then they want to sell that NFT for higher profit.

Why should they? I dont get it. People donating to earn airdrop tokens? Actually with or without tokens how can you be rugpulled if you are donating for the sake of what was happening on Ukraine. I dont seem to get what reason could be a rugpull to be call here.

If you care for Ukraine and concern then even without the airdrop you just let it go. People should not expect something out of donations. If there is a liquidity airdrop tokens then be grateful then if not stop saying its rugpull. Since you arent contributing for tokens right? Its for ukraines fund to fight back against Russias.

I guess so many airdrop hunters are sending their money to the ukraine without known if that's dedicated as a donation. I have been sending some bucks for them but i didn't even wanna get the airdrop coz i was sending it caused by i care with this country and it's not caused by there would be an airdrop reward to the people who have been donating to this country. This looks so weird to see that even a youtuber was also saying it.
That youtuber was probably an airdrop hunters? lol this must not be real but what the hell he was doing? if he doesn't even wanna donate his money and he must not even send it.
he sent his money to the donation address and he was calling it as a scam after he has confirmed that he will got nothing.

Definitely, Rug pull a serious accusation to country that's not asking for investment but rather a donation. It only requires common sense to understand that Ukraine will surely liquidate all the crypto curreny into fiat so that they can immediately used the funds for there needs in times of war. They never ask anyone to donate while there NFT tokens is just an appreciation gift and not consider as valuable reward for donation so donators shouldn't expect anything valuable out of it. So sick to see this guys in social media that accusing a country that suffering the consequence of war.  ::)

I agree with you.
Sometimes politics is selfish, I prefer the FTX market which directly donates their funds through the market to every user with
a Ukrainian citizen, rather than having to donate directly to their government.
I know they are currently in a state of war emergency, it's just that giving donations to the country for the government is
 still a bad chance they could use it to attack again so that the war will be prolonged.
From what I read, Russia only wants to overthrow the current Ukrainian government but not its citizens.
In my opinion, Ukrainians are the ones who should be most pitied here, and they are more entitled to receive donations.
And why did Ukraine even make NFTs, why were the donation funds actually used for warring citizens, how about civilians who were affected  ??? .
I think at least instead of making NFT to share, it would be better to convert to fiat and share most of it to the affected people.

I advise everyone to stay away from any project that promises to achieve profits through donations or support for any humanitarian issues, how will you achieve profits from a humanitarian act that is supposed to be for assistance and not an investment.

As for obtaining some NFTs tokens, always remember that the value of the tokens is not specified, it may be worth a dollar now and a million in the future, and then obtaining these tokens may not be economically profitable.

For me, if you have donated to the cause then that's enough for me already.

I'm not expecting anything from Ukraine to be honest, so I'm not interested on any airdrop or whatever they are going to give us back. As for the rug pull? Nah, maybe they just changes their mind and think that it's better not to any airdrop but NFTS, it's their call, so there is no rug pull in my opinion.

Maybe it's another rug pull because surely many people /investors will take advantage the situation of Ukraine in order to make profits not to contribute the events so that every Ukrainians can get benefits. So its quite skeptical to be honest.

Much better to make a proper way of donation than participating on that airdrop because on that way we cannot assure if everything will be fine afterwards.

Why are you calling this a rugpull? The country is almost turned upside down and this is all that you can come up with? Those who are sending donations are doing it for free with the hope of not getting anything in return, only heartless humans will help to get something back.

Donation with airdrop label I think looks joke made by Ukraine government although all people will agree for donating their money but is not worth when have way with airdrop kinds. I think Ukraine is not promise how can make war ended and help their people without have to be soldier and keep fight with Russia as have higher level soldier than Ukraine. I see not any impact with how many time asking by  Ukraine president with to make fud for bitcoin and altcoin price because he still need help on other country by donating with cryptocurrency.

Government backed cryptocurrencies is not really a new concept, have you heard of CBDC?

It won't make any difference and this airdrop if is coming officially from government then its just for the sake of publicity stunt.

What if Ukraine is completely captured by Russian military?

Definitely, not a rug pull according to the common understand and definition of the term. Maybe I would say that there can be some misunderstanding and lack of communication from people doing the airdrop/donation program. I don't have the details for what really happened but if they promised a coin airdrop and then they instead distributed NFTs then maybe there was a confusion and that can be due to the war situation in the country...things should have been handled by a group connected to the Ukrainian government but maybe based outside of the country. Anyway, the bottom line is that this is a form of a donation to a country that is reeling from the invasion of a mightier country and even if one is not getting in return I think helping is enough.

Why would they rug us? if we donate Bitcoins without any expectation in return? probably they are just going to airdrop it as a form of thanking us for donating  during their crisis. I think if it was an NFT then there's nothing to worry I think that was a bonus for those people who donated Bitcoin. I may be wrong but that was the first assumption I that came to my mind.

Rug pull is when you ask people to invest they are asking for donation in the first place they launch an airdrop to thank those who donate in fact they can do away with the airdrop and they will still receive a lot of funds if you are an investor and you think it's a rug pull it's on you if you think you have been scammed you have the wrong thinking why not think it's for the good of a country battered by series of aggression.

Exactly, people nowadays are always thinking of crypto as a quick place to become rich overnight even they see donation as a chance to enrich them.
People with basic logic should understand this, they are asking for donations because they are in a war. How the hell does they see it as investment and expect something in return, they might have a plan to drop the airdrop but it is not their obligation to do that, they wanted to do it because they want to express their thanks for helping them. So when they decided to not do it, we should not be angry and tell people they had rug pulled us which is wrong.

Come on man, this way of thinking is wrong.

Sorry but this is leaving a bad taste in my mouth. Donations are donations. Investments are investments. That's that. How can someone expect so much from giving donations for others that are in need of assistance? Might as well invested on some other things if profits or returns are what a person is after. Whatever they do with the donation is for them to decide since it has been given to them. Now those nfts were just to show some appreciation for the donors, being able to think about that thought alone is good enough so despite not coming into fruition because of some reasons, they do not deserve to be blamed or accused with rug pulling. Im sorry but for me, people who donates and thinks like this are either attention seekers or pretentious profiteers which are nothing but disgusting people in my eyes.

So they want to create and start spreading NFTs in exchange for donations? Just to get the attention of donors I think this move is pretty crazy. I think they have initiated their own future political collapse without clashing with any country. On the other hand, NFT is still much debated because it has the potential to be used as a mediation in dirty politics.

It's sad to see some youtubers and even those who are frustrated have failed to understand the meaning of donations they were donating for a noble cause to help the invaded nation to survive and Ukrainian government might have planned for airdrop as a return gesture but due to overwhelming response or other priorities they might have not been able to fulfill the same since they got much bigger problem to deal with at their doorstep as Russians are barraging on them from various front.

It's not right to expect something profitable out of fund which has been given as donation.

I don't fault with Ukraine ask how many time donation trough cryptocurrency but I looks disagree with their way why asking donation on cryptocurrency but they ask to exchange platform banned all Russian user. Looks not fair with them although respect and try tp give donation but never ask about banned Russian cryptocurrency user, maybe have some user from Russian make donation to Ukraine and not logic ask help to other but try to banned who have helped them.

But I am confused why the NFT is given to donors as a reward,
even though some of them donate really out of concern for the citizens and the ukraine state itself.
Some people have told me that this is their way of attracting sympathy to get more donations, I don't know if this is the truth because there is no real proof about it.
The thing I also think about is why they canceled the airdrop, instead they focused on distributing NFT to donors as a reward.
I know it's not good to talk about the problems of other people's countries, I'm only concerned about their citizens who really don't want to be involved in war,
 even I think the airdrop will be distributed to them soon.

that's the reason people on Twitter were also screaming rug pull to Ukraine. of course, people will understand that they are under attack and need funds but they just can't just do that. they have to be honest in what they are saying.

i thought this will be the start where countries will really be releasing thier own token. i have it in my crystal ball already that once the state-owned token of Ukraine will be up and distributed many countries will look at it positively.

Ukraine is in the tight spot and they are looking for ways where to get funding and all. Don't expect too much from the airdrop because it can easily go sideways as the development of their own token is not a priority right now. Their utmost attention is how to survive in this war and how to fight Putin. So if you are going to participate in this airdrop, expect nothing in return. Just treat it as your help to Ukraine. We can't expect them to think clearly in the middle of this war.

People should not be too hard on Ukraine they are losing their people and their properties and their cities are under devastation stop blaming and accusing Ukraine of rug pull we should in fact do our share to help the Ukrainian people treat your donation as a donation, not as an investment, don't think to make profit from this war and from what's happening to Ukraine.

Rug pull? Its far from that.

We've seen people donating Bitcoin, Ethereum, Tether and even DOGE to their address and they successfully donated much that will help the country.
There is somebody who also made a Ukraine flag NFT and they bought it and the money went from the government.

This is the short definition of a rugpull base on Coinmarketcap. LINK (https://coinmarketcap.com/alexandria/glossary/rug-pull)

I didn't see any developers here nor a project and no run away with investor's funds. Investors and donators donated the money because they want to help and calling it as a rug pull is very irrelevant and out of the topic. Lets just think that all of the money that they got has been given thru initiative and not because they want to invest in a project whatsoever. There is no project here but just a donation and those who want to donate will just donate.

Since they are asking for donations (like in any other causes), we don’t expect anything in return especially coins, tokens and NFTs. I don’t call this a rug pull because we are donating for something very important for our brothers and sisters in Ukraine.

I do not really know, and to be honest it doesn't really matter what or if they are going to send out, it remains a win-win situation for all, except for the fact that this is a war, and sadly people are losing their lives, becoming homeless and quite a lot of things being destroyed. But on the other hand, positively crypto is serving as a means to help Ukraine in this difficult period, and to everyone who has sent something out to them, i must say thank you, secondly, crypto has definitely become more popular cause it is being mentioned in an issue that has attracted the attention of the entire world, i just hope this war comes to an end pretty fast, and if it does, i would not be surprised if crypto turns out to be very popular in Ukraine and other parts of the world, and it is going to be a big step to mass adoption.

like a real joke. If you donate, there is no problem. But what does it mean that we will airdrop to donors? So, I think that they have given up the war and pursued commercial activities completely. Frankly, even if I can help in such discourses, it does not come. But it is a fact that the war between Russia and Ukraine has seriously affected the whole world, and if it continues, I think the stock markets will be in a very bad state.

That's right when you help those in need you don't expect anything from them rather it is your way of easing their situation since they were suffering. Ukraine is not in the right place to give us something after we help them. they just need to use that money for their needs and didn't need to pay us back in anything. I don't really care if I receive any airdrop after donating or not, what's important is, I did all I can to help them in a way that I know.

They not rug me, because i didnt donation. 🤣

Ukraine is NOT going to scam anyone, the state authorities don't do things like that in this country. Also, it's not merely 'their war', it's a war for democracy, for the right of a nation to choose its own path. And it's delusional to believe that Putin's going to stop at Ukraine if he indeed manages to move forward, so it's very much the beginning of WW3 right now, but most countries are silently hoping that they'll be left untouched, that they can sit it out. If something's not being issued in time by the Ukrainian state, it's because the war is happening right now, so, you know, a lot of things to do and Ministries can't work properly and do everything on time.

There's no rug pull and if there's an airdrop, it's just a goodwill that Ukraine has to be done because of the people that loved them and donated in good faith.
I have never expected any return when someone donates and if they've done that, it's only a sign that they're happy and trying to give back to their donators. Whether they make an airdrop or none, people shouldn't be disappointed on what has been decided.

I am still a little confuse here, why will people be eager to receive state owned coins over donations? isn't that suppose to be the so-hated cbdc version if the coin will be created and regulated by the state? or where they going to actually create a decentralized coins within a short time frame and in the middle of a crossfire. ???

I assume that most people who gave money to Ukraine didn't do it because they assumed they could make money from it. I mean what did they expected, Ukraine to get out of war, give them some tokens and somehow that token to have some worth? Hell in that case NFT is even better, it is like "I helped" badge that you can show around, and the ones who haven't could just buy from you to act as if they did.

I believe that you shouldn't have donated to a nation that is getting bombarded just because you were hoping for profits. Any person that gave money to Ukraine right now with the hopes of making more later on did something unethical and I am happy that Ukraine is not giving them tokens, I also hope they give NOTHING back, this is donation, not investment.

They already studying cryptocurrency even before this war started so technically they have the knowledge already and maybe, they already new that war is possible to happen that’s why they quickly adopt cryptocurrency. This is a donation drive, nobody forces you to send money and its all your choice so for me there’s no rug pull here and the main concern here is not about the donation, instead the safety of their own people.

They don't need to reward those people who donate from them, they are simply giving some and never expecting anything from Ukraine. If they are able to airdrop some coins, it is better to give them to those who are literally in need or might have to keep them as they can use them in the other place.

Hearing some appreciation is enough for me, it was an absolute help that requires nothing to get back. They need support and so people are doing this. Well, everyone who donates is happy to be appreciated.

Well done people. People donate and when the party that gets donations didn't give the award for them = rug pull? People are losing their minds. i personally think that if this is how people who donated the money are still hoping to get back a token or something like that they can sell it to the market. They are not rug pulling you but they just wanna try to give feedback for those who have been donated for the ukraine.
I think that you are misunderstanding about that. Do you know what rugpull is? it's not even matching with it.

I think we will never know what influenced the decision to make such a change. In my opinion, they choose a good way to raise money. In their place, every way is right.

However, I would like to point out that the donations before the airdrop was announcement was around $10M. As you wrote yourself, this sum multiplied right after that. And I am very glad that the money is flowing to help Ukraine, but I am disgusted that most of them were sent there because they wanted to earn money and not because of good will.

I don't think there is no right or wrong here, there could be someone advising the government on what to do, but still it's for the best interest of the Ukrainian and not just for crypto enthusiast.

I think it's already more than $40M if I'm not mistaken, they said that they are going to help those who are in dire need, specially those who have been damage by the attacks by the Russians. For sure the medical expenses should be their number 1 priority.

While I agree that donations should be voluntary and no one should expect to get something back in return, I'll also say it is an act of irresponsibility for someone to make a promise about an airdrop and renege when many people have met the requirements. There is no excuse for that behaviour.

I don't even know if the airdropped tokens would have been valuable anyway and I felt that giving back NFTs is a better idea.

Yeah they may be studying crypto but not developing one, not to mention they don't have the time and luxury to launch one during this period,  so the question of people expecting an airdrop from a state-owned coin is not clear to me. Ukraine is at war, getting hit by Russia and some people who donate expecting airdrop  ::)
Not exactly the right time to expect something like that, perhaps when things have cooled off and back to normal they will consider doing it.

I think they prefer NFT to be distributed to the donors because it is a tribute to the donors.
If you choose the right reasons, maybe the Ukrainian government doesn't want the coins it made
and donated instead the price will be played by rich people in cryptocurrency.
So they think that distributing NFT as a reward (not for resale) is better than having to give tokens
whose price can be manipulated at some point and there is no token of appreciation if it is a token, it can only be held in the wallet.
I'm sure this is not meant to be a rug pull because what they share is not
 for re-trading or the donors don't expect anything back from the donations they give.

For me this crypto donation was to help Ukraine government in their war crisis and help people who are suffering there and we can't even imagine how much worse the situations are there or could be and this should never be treated as getting returns over it.Even if they don't give something in return the funds should be utilised in proper way helping people for actual purpose they were given.

You can get something in return from Ukraine whether NFT or something else but those who have lost their lives won't come back so don't make such wierd topics as this was some sort of investment.Just hope situations get to normal at first.

IMO, I think this is a sort of misunderstanding, As we all know that Ukraine is under attack by Putin and it has a war happening in the country, Do you think Ukraine has time to do an airdrop? there's a war happening in Ukraine grounds that's why they need a donation to buy weapons and other war materials so it's clear that it's not a rug Ukraine needs help now so those who can help do it now without any precondition.

Whole idea of an airdrop was so surreal i couldn't make my mind what i would have thought about it. One one hand it would have been historical but i had bad taste in my mouth for crypto people speculating and making money out of this situation. That seemed like poor taste. On the other hand it's already was so complaining about poor taste of their choises in this is also poor taste.

Let me start with dialogue is always better than war, and you only know the value of peace during a war. I think the Ukrainians got it very wrong this time, I won't say they took advantage of their situation but I would say they solicited for help using Crypto means, and at this time the world is at merciful towards them, and donated to raise such amount of money, I honestly feel they should have continued with the earlier plan of an Airdrop.
Then If they wise you commence an NFT which honestly I don't see the use the can still carry on with it later on.