Founded in 2017 by the Ukrainian Film Academy, the first awards ceremony took place on April 20, 2017, at the "Fairmont Grand Hotel Kyiv.

Films that premiered during 2016 — from January 1 to December 31 inclusive-were accepted for participation in the selection process.

[11] In addition, the title is reminiscent and tribute to the creative legacy of the outstanding cinematographer Dziga Vertov.

[14] The creator of the award's title is Olga Zakharova, director of strategic marketing at Media Group Ukraine.

In shape, the statuette resembles a whirlwind, fire, a scion, all of which symbolize the development and renewal of national cinema.