Everstake and crypto fundraising to help Ukraine
Everstake and crypto fundraising to help Ukraine

Everstake and crypto fundraising to help Ukraine

By Martina Canzani - 23 May 2022

Chevron down

Everstake, a leading Ukraine-based staking services platform, has released a video to encourage people not to stop donating cryptocurrencies to Ukraine.

The crypto world, as we all know, has played an important role in the armed clash between the Russian and Ukrainian people from the very beginning.

The absence of too many bureaucratic steps, third parties and institutions has allowed cryptocurrencies to emerge as a lifeline for the Ukrainian people.

Indeed, many associations have been able to bring in relief goods and aid of all kinds precisely because of the crypto community’s donation.

Everstake: the Ukraine-based blockchain company

Everstake is a blockchain company based in Ukraine.

It is known to be one of the largest providers of decentralized staking, counting, in fact, about 625,000 users. 

Behind Everstake’s large project is a very large team spread all over the world. It is a company that has also been involved in the development of complex blockchain products, such as Metaplex.

Everstake and the Deputy Prime Minister’s idea to increase donations

The real news is that Everstake, just a couple of days ago, released a video made in collaboration with Ukraine’s Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov, to urge the crypto community not to stop donating to help the Ukrainian people.

The charity that the blockchain company is trying to help by bringing in new and large donations is called Aid For Ukraine.

The latter is mainly involved in collecting and transporting products and humanitarian aid throughout the country, for all Ukrainians and refugees.

Aid For Ukraine has collected $10 million since the beginning of the conflict 

Aid For Ukraine, as already mentioned, raises funds to help the Ukrainian people cope with the enormous military and humanitarian needs they face. 

It must also be said that, since its launch, the project has fortunately raised over $60 million in various cryptocurrencies, of which over $45 million has already been spent to purchase first aid kits, rations, bulletproof vests etc. 

The initiative is co-funded by Everstake, Kuna, FTX and the Ministry of Digital Transformation of Ukraine.

Sergey Vasylchuk, CEO and co-founder of Everstake, said after the rap video was uploaded online: 

“Peace comes at a price, but the first wave of donations have subsided. Cryptocurrencies are free from red-tape hurdles, which makes them the most efficient way to provide fast help. Every crypto contribution, no matter big or small, is another nail in the coffin of totalitarianism. Helping Ukraine fight off the invasion means helping us save the free world from enslavement”.

The big donation from the co-founder

Ultimately, since the project’s launch, Everstake and its co-founders Sergey Vasylchuk and Yev Zaifert have managed to bring home around $10 million in donations.

It is worth noting, however, that Yev Zaifert alone has donated around $9 million. 

All the proceeds went to Aid For Ukraine and other initiatives, including the Kyiv School of Economics charity foundation.

The rap video ultimately aims to continue to remind the crypto community how important it is to donate and fight for this armed clash to end. 

Martina Canzani

Graduated in Law at the University of Milan. After completing her academic studies, she became interested in the world of blockchain, finding it a powerful tool for redemption. Her passion then turned into a job, and now she invests in early-stage projects in decentralised finance and DAO and writes articles on all the news concerning the crypto world.

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