UkraineDAO, a decentralized organization co-founded by Pussy Riot member Nadya Tolokonnikova, Trippy from Trippy Labs, and PleasrDAO, has raised over 7 million within a few days. Tolokonnikova tweeted the DAO raised a total of $7,150,000.
Now, UkraineDAO plans to airdrop the so-called $LOVE token. However, according to the official website, the token is not a utility, but rather a"symbol" commemorating the donor’s contribution.
Seeing these tokens or other POAPs [Proof of Attendance Protocol] in one’s wallet reminds people of the bigger picture behind Web3 building and decentralized organizations.
The DAO emphasized it discourages anyone from trading the tokens for utility and to maintain them in their wallets as a "reminder of our world’s ongoing humanitarian needs."
As To The Moon earlier reported, the DAO was planning to raise funds for "Ukrainian organizations that are helping those suffering from the war in Ukraine."
In the meantime, the world community donated Ukraine over $30 million in ether, bitcoin, and tether after the Ukrainian government issued an appeal for crypto donations last weekend.
On February 24, Russia started a broad offensive in Ukraine. The Kremlin said that the length of Russia's "military operation" in Ukraine depended on how it progressed and on its aims, Reuters reports.
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