Polkadot community memecoin, DED, is set to change direction to forge a path to long-term success.
DED, the latest memecoin to captivate the market through its mission to revitalize and rejuvenate the Polkadot ecosystem, has set a new course to ensure the project sees success in the months and years ahead. The project has seen some pushback recently, as a brazen move from the DED foundation move saw the airdrop go from a 100% airdrop to an initial 5% drop to DOT holders, with the rest to be held for future growth initiatives.
From the outset, the sudden change may come across as counterintuitive, however Chief Memer Giotto De Filippi, has made it abundantly clear that “The DED foundation is 100% focused on making $DED a success and nothing else”. The key characteristic shown that truly separates DED from other meme/community tokens is their unwavering focus on long-term success. Through their updated tokenomics, DED is setting itself up for future growth, with over 60% of the supply being saved for growth initiatives and development.
The DED Foundation’s decision to hold a portion of the supply for future growth is a testament to their seriousness in making the project a success, and by extension, the forward-looking nature of the wider Polkadot ecosystem – a network where projects serious about making a difference come to build.
DED: A Catalyst for Bringing the Community Together.
Amongst all this change, one thing remains true, DED has proven itself as a real catalyst for bringing the community together. DEXs, Wallets, Games and even Liquid Staking Protocols from across the ecosystem had banded together in the run-up to the DED snapshot, with many continuing support for the project. Network-wide collaboration on this scale is unheard of and further reinforces the notion that Polkadot is the network for builders who are here for the long run.
If it wasn’t prevalent through their words, the fact that #DED is trending on X above Kate from the British Royal Family is a testament to their commitment.
What’s next for DED?
The driving force behind DED has been the community and nothing will change that. With initial pushback from some members making headlines, it just goes to show the depth of their connection to the project & the ecosystem.
The community will eagerly wait for the DED Foundation to make their next move and progress the project forward. For the latest updates and community activity join the $DED Telegram channel and follow them on Twitter/X