- Nexo donates initial $100,000 in crypto to support the Ukrainian people.
- Company encourages all customers and employees to donate and pledges to match all contributions, up to a total of $500,000.
- The team will continue to explore possibilities for further help.
The world has been shocked by the recent, tragic turn of events and human suffering in Ukraine. It is also a painful reminder of how vital access to funds is to our day-to-day lives, and it exemplifies the need for borderless, permissionless, censorship-resistant transfers of value that only cryptocurrency technology provides. The economic freedom granted to people by crypto globally is already helping the Ukrainian people and the last couple of days show just how strong our community is, especially when united by a cause.
We at Nexo are taking action today to support the people of Ukraine, and we encourage you – no matter where or what your circumstances are – to join us in leveraging the power of blockchain technology to do so.
Call to Action
Starting today and lasting through the next 30 days, we pledge to match 100% of all customer donations from Nexo wallets and 200% of all Nexo employee donations to Ukraine’s official Bitcoin, Ethereum, Tether, and Polkadot cryptocurrency addresses, up to a total of $500,000.
We have seeded our campaign with an initial contribution of $100,000.
We will publicly report the results of our efforts and evaluate how to continue our support. We want to help people feel part of a community again, so we will continue to explore all possibilities to extend further support.
In an act of solidarity and to grant as much financial flexibility as possible, all withdrawals from the Nexo platform to the official Ukrainian addresses linked above will be free of any fees, including blockchain and gas fees.
We strongly believe that our actions will encourage you to support the people suffering in Ukraine.
Antoni Trenchev, Co-founder and Managing Partner at Nexo, commented:
“The suffering in Ukraine has been profound, and we at Nexo are doing our part to bring some relief to those affected. We are harnessing the power of blockchain technology and its unique ability to help those who now need it most. We can all contribute, each to their ability, and we believe it is our duty as a company and as individuals to be supportive in these times of hardship.”
We hope that our joint commitment will help as many people affected as possible. Be safe and take care of each other.