DEDPrice

(DED)

DED is a meme coin built on the Polkadot network. It was launched by the Polkadot community using a decentralized approach, aiming to attract new users and liquidity to the ecosystem. The name "$DED" humorously addresses the narrative that Polkadot is "dead," celebrating the network's resilience and innovation.

As a meme coin, DED's main purpose centers on community engagement, speculation, and trading. While it's broadly mentioned for potential use in arbitrage, staking, or decentralized finance (DeFi) applications, its core identity is rooted in meme culture. Some sources indicate it can also be used for governance within a DeFi ecosystem, allowing holders to participate in decision-making. However, its intrinsic value is generally not tied to complex product or service offerings.

Yes, DED was primarily distributed via an airdrop to holders of Polkadot's native token, DOT. The initial plan was for a 100% distribution to DOT holders, with no team allocation or presale, intending to achieve a fair and broad token distribution across the community.

The DED airdrop faced significant controversy due to unexpected changes in its allocation. The planned distribution volume to DOT holders was reportedly reduced from an initial 100% to just 5% of the total token supply. This change caused strong criticism and disappointment among community members who had acquired DOT expecting a larger airdrop. Developers cited the need for project development funds, as external funding was reportedly scarce. Additionally, airdropped DED tokens were initially frozen to manage selling pressure until exchange listings were confirmed.

DED can often be acquired through decentralized exchanges (DEXs) by swapping other cryptocurrencies. While some centralized platforms may not directly support it, users can typically utilize compatible crypto wallets to swap stablecoins or other tokens for DED on supported DEXs. Recipients of the airdrop were also able to trade their tokens on certain decentralized platforms.

The DED token has a fixed total supply. For the Polkadot-based DED, proposed tokenomics outlined a fixed supply of 1.398 trillion DED tokens. It's important to note that some older information refers to a different Ethereum-based token with the DED ticker, which reportedly had a supply of 666,666,666,666 tokens with none in circulation, but this is distinct from the widely discussed Polkadot native DED.