Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A group of crypto activists has launched Ukan Token (UKAN), a rescue token designed as a decentralized community for humanitarian purposes. UKAN is dedicated to supporting the Ukrainian governmentâs recovery from the destruction brought upon the Ukrainian people by Vladimir Putin and the Russian Army.
Based on the Ethereum network and available on Uniswap, UKAN founders are actively engineering the delivery of fifty percent of UKANS directly to Ukrainian president Mr. Volodymyr Zelensky. Activists began investing in UKAN prior to todayâs official launch (based on word-of-mouth). As of this writing, the UKAN community already has hundreds of holders and total value locked (TVL) of over $6 million.
The United Nations estimates that Russian aggression has already inflicted $100 million in damage to Ukraineâs infrastructure, including destroyed homes, hospitals, transportation systems, schools, shopping areas, recreational buildings, and more. In the city of Maripol alone, satellite image analysis from UNOSAT, the United Nations satellite mapping agency, documented estimated that 80% of residential infrastructure has been damaged by missile attacks and shelling. The UN reports that over 3.5 million people have fled from their homes in the Ukraine, with women and children accounting for over 90% of those refugees. Even if the war ended today, UKANâs mission to rebuild and rehabilitate Ukraine and assist its people will remain relevant long after the bombs stop dropping.
âUkan Token was created to illustrate how blockchain technology can seamlessly serve humanitarian purposes,â said the tokenâs founder. âOur success is based upon the shared strength of individuals who wish to save an entire nation.â
The Ukan Token whitepaper can be found here.
Contacts
Ceo- Kevin Mercury
- Propheta
- kevin@propheta.com
- 212-901-6914 ext 701
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.