Estonian Crypto Exchange Buys Ukrainian Eurovision Trophy for $900k -Breaking
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Estonian Crypto Exchange buys the Ukrainian Eurovision Trophy worth $900kKalush Orchestra won this month the Eurovision Song Contest. It was quite unexpected. Now the Ukrainian band wants to support the Ukrainian army, which continues to defend their homeland from the Russian invasion.
Kalush Orchestra sells Eurovision trophy, raises $900,000 for Ukraine’s Armed Forces. The 2022 Eurovision winner’s frontman, Oleg Psyuk, also sold his iconic pink bucket hat. The auction’s proceeds will be used to buy PD-2 unmanned aerial systems for Ukraine’s military.
— The Kyiv Independent (@KyivIndependent) May 29, 2022
Three Drones Convert to the Crystal Mic
The members of Kalush Orchestra collectively decided to sell the newly acquired award in order to help the Ukrainian military’s fight against Russian forces. They set up an auction on Facebook for the legendary Crystal Microphone (NASDAQ:). It was a huge success and the Crystal Microphone sold to Whitebit, Estonia’s cryptocurrency exchange, for $900,000. According to Ukrinform the Ukrainian Armed Forces can now purchase three drones of high-quality quality thanks to this sale. To coordinate and control the advanced drones, the PD-2 unmanned aerial systems will have a ground control station.
The music group was ecstatic about the result, and praised their fans on Facebook with the message: “Friends, you are incredible! Each of you donated funds to the auction. We’re grateful especially to Whitebit for purchasing the trophy at $900,000. They are well deserving of your support! Ukraine, Glory! Glory to the Armed Forces of Ukraine!” Ultimately, the auction serves as an emotional victory for the whole country, as much as it does as financial aid.
#StefaniaForUkraine results: 1.2 m $ in total11 m₴ for the hat raffle. 31.1 088 individuals from 56 countries. The hat goes to Volodymyr from Dolní Břežany, Czech Republic.The biggest donation in traditional money: 64 800₴900k $ (500ETH) – thank you @WhiteBit for the bid pic.twitter.com/Qxct7C0c7r
— Serhiy Prytula (@serhiyprytula) May 29, 2022
Estonia is home to the largest crypto exchange
Whitebit, the largest European cryptocurrency to fiat exchange currently in operation in 150 countries, is Whitebit. Tallinn in Estonia is where the company’s headquarters are located. It serves approximately 2,000,000 customers. According to the official website, the exchange’s “main goal is to achieve the mass-adoption of technology and expand the crypto community by providing a secure and easy to use trading platform.” The exchange serves as a stellar example of what blockchain technology can do to help solve global issues.
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