DED memecoin causes community outrage after airdrop allocation reduced
The new Polkadot-based memecoin’s Telegram channel amassed over 20,000 airdrop hunters within a few days.
The airdrop of the new Polkadot-based memecoin, DOT is $DED (DED) has created widespread community criticism after the initial allocation was reduced.
The initial airdrop allocation was reduced from 100% of the token supply to just 5% of the supply, to create a longer financial runway for the memecoin, explained one of the memecoin’s pseudonymous developers, Giotto De Filippi, during a March 24 X Spaces:
DED started trending on X on March 23, after members of the Polkadot community spun up the memecoin in an effort to capitalize on the memecoin frenzy and bring more attention to the Polkadot ecosystem. Investors holding Polkadot (DOT) were eligible for 36 DED tokens for every 1 DOT held.
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