- Bonk (BONK) price soars over 10,000% on Solana blockchain.
- Polkadot releases $DED, a new meme coin without pre-sale or team allocation.
- $DED airdrops to DOT holders, promoting equitable distribution and community engagement.
The meme coin Bonk (BONK), which operates on the Solana
The Polkadot community has initiated the release of $DED, a meme cryptocurrency, by adopting a distinctive approach that sets it apart from other digital currency initiatives.
The launch of $DED does not involve any pre-sale or allocation for the team, distinguishing it as transparent and decentralized compared to other meme coins. Instead, it employs complimentary airdrops to achieve an equitable distribution of tokens, specifically targeting holders of Polkadot’s native token, DOT.
The creators of DED have committed to distributing DED tokens at no cost to everyone holding DOT, a move primarily credited to its captivating strategy.
Every holder of DOT tokens who qualifies has a predetermined percentage allocation because a linear distribution approach has been chosen. In doing so, DED can potentially engage a broader audience without interacting with traditional venture capitalists and investors.
Giotto De Filippi, an advocate for the $DED meme cryptocurrency and a proponent of Polkadot, has praised the meme coin’s transparent and decentralized approach to development, stating that it represents the commitment and strength of the Polkadot community.
Giotto De Filippi, an advocate for the Department of Transportation and a fervent supporter of the $DED cryptocurrency expressed:
“The $DED coin is really a testament to the strength of the Polkadot community. The dedicated Polkadot community have built this from the ground up in a completely permissionless, decentralized, and transparent way while bringing back the fun and whimsy that made many meme coins successful in their own right.”
The involvement surged significantly within a few days of the launch due to the strong support for this new method from the Polkadot community. A dedicated team is developing DED, and numerous Twitter surveys indicate that the community highly supports the project.
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