Viewers are worried about "Ryochin" worried "don't hold!"

https://t.co/CCvcpknp00

Problems

This is problematic in several respects. One of them is Ethereum’s exorbitant transaction fees. Donating with Ethereum is far more wasteful than donating with fiat money. There's also the question of an intermediary that I don't quite understand. Why do collective auctions and buy NFTs through the DAO instead of donating directly to your favorite organization? By doing so, you put your money in the hands of intermediaries. It's ironic for an industry that is premised on eliminating middlemen. The strange thing about UkraineDAO is that donors will eventually receive 1% of $LOVE tokens for every 1% donation of ETH in the pool, and so on. is. The UkraineDAO official website describes the token as having “no utility or value at all, but proof and reminder of your contribution to a noble cause.” Haha, I feel. The $LOVE token is nothing more than an ERC-20 crypto asset that can be used on the Ethereum network. With enough liquidity, it can also be traded on decentralized exchanges such as Uniswap. Traders could come later and drive up the price of $LOVE, creating a market beyond the control of the DAO. It's not exploitative or wrong, of course, but such a hyperbole may confuse some of those considering donating. If you want to donate, just donate. Direct donations are a very effective way of doing things. ｜Translation and editing: Akiko Yamaguchi, Shigeru Sato｜Image: Shutterstock｜Original text: Crypto Donations Are About More Than Censorship-Resistance

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