A new project in the Polkadot ecosystem has risen and attracted many old Polkadot members of the Polkadot Community and the new ones. 

The project is called DOT is $DED, which is a community driven meme project that has evolved into its own gaming product and a potential AI assistant coming soon with airdops that is one of the most awaited in the meme community of Polkadot.  

What is DOT is $DED

DOT is $DED, is a meme-community driven crypto project that was originally not supposed to have any product. 

It was created to potentially lead meme coin enthusiasts into the Polkadot ecosystem driving the blockchain’s volume upwards. 

The name DOT is $DED is a play on words from the narrative going around that the Polkadot ecosystem is dead, because there are less transactions on it than any other popular blockchains. 

All the Polkadot enthusiasts laugh at that narrative, as the term Polkadot is dead usually comes from crypto investors that do not fully understand how Polkadot works. 

The low amount of projects and volume in the Polkadot ecosystem is the result of the Parachain auction mechanism, where not all projects are allowed to build on it as they have to go through a selection process, and one of the steps is through the auction itself. 

This is done to ensure that developers building on Polkadot are committed builders so that the number of rug pulls are limited. Polkadot focuses on quality and not quantity, hence why there are few projects that are allowed to build on it. 

Coming bad to DOT is $DED, the project is officially a part of the ecosystem because it has changed from only a meme community based project, to now a gaming project with new products coming along. 

With this, the project is now fully committed to support the growth of Polkadot while still not forgetting its roots and still keeping the meme culture in the community. 

The Game and The AI 

The number product of the project itself is the DED MINE game which is a game where players have to bounce of birds from a platform to break barriers essentially mining stuff from those barriers in order to get rewards. 

The gameplay is similar to popular games in the 1990’s era, where the games are simple but still entertaining so everyone can play along. 

Players are not required to pay anything before playing and are not required to connect their wallet. But there is an option to connect your wallet if you want to be registered in the game and showcase your score as a signed in account on the game, on your social media. 

There seems to be no rewards yet for the game, but with future developments this is not a possibility to be overlooked. 

Currently the project is focusing on another product which is the AI assistant which is called DED GPT. 

This product utilises the possibility to create your own AI by using the ChatGPT module and extension, so the DED GPT is just an extension of ChatGPT. 

But sadly, as of right now, users can only use this if they have ChatGPT Plus so not all users can use this. 

The main topics that the AI can answer are regarding memes and the project itself, so don’t expect it to have too wide of a knowledge about uncommon things. 

Currently DOT is $DED has only two products but there is one more product which is their token, where the token economics is unique. 

$DED Token Economics

$DED is their main utility token and will soon be their governance token. This is because DOT is $DED is planning to have their own DAO called DEDDAO. But as of right now, the main focus is only for trading and investing purposes. 

The token economics is simple, where the total supply matches the overall $DOT coin supply. This is because $DED is given to all DOT holders to keep the Polkadot ecosystem alive and increase the blockchain transaction volume again through speculations of meme coin. 

The total supply of $DED will be 1.398 Trillion $DED which is the overall $DOT supply times 1,000, so 1 $DOT equals 1,000 $DED. 

All of the token supply will be distributed through an airdrop where there is no allocation for the team and no public sale, just full airdrops. 

The new whitepaper stated that all of the $DOT token holders will receive the $DED token, but there are speculations of airdrops for non $DOT holders, probably being allocated by the team who holds the $DOT itself but gives their share of $DED to the eligible airdrop holders essentially keeping the peg of the$DOT to $DED ownership and value ratio. 

Airdrop Plans and Speculation

Currently the biggest event that is happening is the Zealy campaign that is still ongoing and being participated by the overall enthusiasts of this projet. 

There are lots of reward in this campaign as most of the rewards in the form of $DOT and $DED will come from the team itself. 

There is also a meme competition and activities going on in the community, but there is no talk of an airdrop reward for that yet, but some speculations has risen that there might be airdrops in there as well.

The competition is also extended through social media, so not only on Telegram but the competition and activities are also happening on Twitter (X). 

The project is also calling out developers to help better the quality of $DED by giving them chances to give feedback and suggestions overall. 

The team also specified that overall airdrops will be eligible by only holding $DOT so every $DOT holders who have their $DOT staked, held, or even locked in crowd loans will still be counted eligible as airdrop recipients. 

Future Plans

Overall the project is interesting as it might increase the overall engagement back to the Polkadot ecosystem as most meme projects do. 

But this project is different as it has plans in the future that might make it more of a serious project rather than it just being a”fun” project for pump and dump purposes. 

The project has created a roadmap separated into four phases, which is interesting considering the roadmap is better than most “serious” crypto projects out there, as it is more detailed and more comprehensible. 

In the roadmap, the first phase includes creating a snapshot tool for the airdrop, a marketing campaign, creating an official team behind the project called DED Swiss Foundation, and changing the mechanism of the existential deposit or ED on Polkadot, which probably will be tied to the airdrop plans for them. 

The second phase includes deploying the $DED token which includes the airdrop itself. Sadly there is no clear date of when this is going to happen yet so enthusiasts need to keep an eye out for this. 

The third phase includes making $DED available for transactions including trading and potentially other integrations with DApps in the Polkadot ecosystem to keep $DED alive. 

The last phase includes launching their DAO or Decentralised Autonomous Organisation called DEDDAO, launching their NFT Collections, launching new games, and integrating with all of the Polkadot ecosystem. 

At this phase, $DED will probably become more interesting as its utility might increase significantly. 

Overall the community is excited and there are already more than 15,000 members waiting eagerly for the development of DOT is $DED

Conclusion 

All in all the project is interesting as it combines the nature of meme projects and real serious projects which might result in a new increase of transaction volume on the Polkadot ecosystem, which is the project’s main goal. 

One thing to note is that the project is still heavily soaked in meme culture so expect volatility going forward so you have tolerance when the development is slower or not as expected as the plans detailed by the team. 

But just like any other project, the project still has room to grow and it might be interesting to see the development process. 

So in conclusion if you want to buy the token when it launch or invest your time heavily into the project make sure that you don’t set too high of an expectation so you feel comfortable in the community.