An airdrop tease of Ukraine has led to the influx of microdonations on the Ethereum blockchain.
After the nation gave a green flag to the airdrop confirmation on early Wednesday morning, Ethereum users have started making thousands of donations spanning from 0.0001 ETH to 0.01 ETH.
The donations have been made to Ukraine’s official Ethereum wallet, as per reports of Etherscan.
The Ukraine government has collected over $40 million in contributions since the country’s Twitter account first announced on Feb. 26 that it would accept cryptocurrency donations.
According to data from Dune Analytics, the number of distinct wallets that contributed cryptocurrency in the 18 hours since the airdrop tweet has already exceeded the number of unique wallets that did so prior to it.
The sudden rise in contributions suggests that Ethereum users are attempting to game the airdrop by launching a Sybil attack on Ukraine’s Ethereum wallet. The usual procedure is for one user to contribute from many wallets rather than a single wallet.
The benefit, according to experts, is that Ukraine may airdrop the promised “reward” to unique wallets, enabling the owner of numerous donor wallets to receive multiple servings of the anticipated airdrop.
Certain DeFi users have utilized such a technique in the past to enhance the sum of their token airdrops. Instead of being utilized to acquire Defi airdrops, the technique appears to be in use to collect donations for geopolitical crises.
However, Ukraine has not yet revealed what mystery item(s) it will airdrop or the criteria it will use to select qualified recipients.
Ukraine, for example, might limit airdrops to wallets that have given at least a particular amount of money.
On March 3, at 6 p.m. local time in Kiev (4 p.m. UTC), Ukraine has announced that a picture will be taken at that time. It’s probable that the snapshot is a list of all wallet addresses that have given to Ukraine’s cause.
The Ethereum microdonations will continue for another day owing to the fact that they were made on Friday.