Bittime - Ded Memecoin, a new memecoin project, attracted controversy to the community after a significant reduction in airdrop allocations. This reduction was announced after the initial announcement, and the community felt hurt by this sudden change.
What is Dot is $DED?
Dot is $DED (abbreviated as DED) is a memecoin based on the Polkadot (DOT) blockchain. Memecoins themselves are basically cryptocurrencies inspired by internet memes and usually have a low intrinsic value.
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Destination Dot is $DED
This project became a topic of conversation because of the airdrop they did for DOT holders. Airdrop is a free distribution of crypto tokens to certain wallets.
Initially, it was announced that DOT holders would receive 36 DED for every 1 DOT they held. However, then there was controversy because the latest announcement reduced the allocation to only 1% of the total token supply.
The Beginning of the DED Trend
DED started trending on
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What happened?
Quoted from CoinTelegraph, the initial airdrop allocation promises 10% of the total token supply to the community. However, the latest announcement reduces the allocation to just 5%.
This caused disappointment and anger among community members who had been waiting for the airdrop.
The community questioned the reasons behind this reduced allocation. Ded Memecoin explained that these changes were made to ensure the survival of the project and prevent market manipulation. However, the community still feels that this reduction is unfair and not transparent.
The Speeding Up of Memecoin Charts
The introduction of this Polkadot-based token comes at a time when retail interest in memecoins is increasing. In the previous week, the meme token Book of Meme (BOME) saw an increase of more than 1,100% in its weekly chart, making it the 130th largest token by market capitalization.
BOME is part of a series of new memecoins that raise funds for unreleased coins through a pre-sale model. Pre-sales for the Solana-based memecoin raised more than $100 million worth of SOL in the three days before March 18.
Various blockchain networks are also trying to take advantage of this phenomenon. On March 21, the Avalanche Foundation announced a $1 million liquidity mining incentive program for Avalanche's native memecoin and community-owned tokens.
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Conclusion
Ded Memecoin (DED) is a new memecoin based on the Polkadot blockchain. This project was launched with the aim of creating a fun and inclusive community.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
BlackRock: Vision of 10 Trillion Dollar Tokenization and the Future of Real World Assets
Chainlink: 180 Percent Revenue Surge in the Last 2 Months from CCIP
Starknet Expands Airdrop Eligibility to Address Immutable X and Eth Staker Concerns
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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