Polkadot Upcoming Memecoin $DED Gets Support From The Community
The post Polkadot Upcoming Memecoin $DED Gets Support From The Community appeared on BitcoinEthereumNews.com.
With the next bull market on the horizon and activity returning to the crypto markets, memecoins show no signs of slowing down. In a recent trend on X, a grassroots development of a new memecoin on Polkadot, called $DED, burst onto the scene. The team behind the new token aims to drive further adoption in Polkadot through community engagement. Now, just days later, a wave of support is confirming their strategy may be working. Within 7 days of announcing $DED, the project’s Telegram group (https://t.me/dedbird) grew from 0 to over 4,000 members and continues. The trend and rise of this new community was also picked up by a recent article published on Blockchain Reporter. This organic growth mirrors the rise that took Dogecoin and Shiba Inu to fame. The team credits their plan to fairly distribute $DED tokens through free airdrops as the cause of the organic community support. The airdrops target $DOT holders, incentivizing them to participate, and the linear distribution model gives a fixed percentage allocation for all eligible users. Avoiding VCs and investors supports a wider community reach and upward pressure. Since buyers feel invested in the token’s success, they actively spread interest. Leading Polkadot Wallets Announce $DED Support Beyond grassroots hype, $DED has now received backing from key Polkadot players. Top DEXs and wallets supporting $DOT, including Nova Wallet, Stella Swap, Talisman, and SubWallet have all announced intentions to support $DED. Nova Wallet offers mobile access to top Polkadot ecosystems. Supporting $DED gives the token wide exposure to Nova’s large user base. There’s a rumor going around that we will support $DED 👀🤫 https://t.co/o266AyQYtr — Nova Wallet (@NovaWalletApp) December 22, 2023 – Advertisement – Stella Swap is a leading DEX on Moonbeam, one of $DED’s launch parachains. Integrating $DED would allow smooth swapping. StellaSwap will…
Filed under: News - @ December 30, 2023 3:22 am