DOT is $DED is a memecoin on Polkadot ($DOT) and is very popular amongst the Polkadot community. The team have confirmed that 100% of the token supply will be airdropped starting on 23rd March 2024! Here’s our DOT is $DED token airdrop guide.
Check out our step-by-step guide!
What is DOT is $DED?
DOT is $DED is a memecoin in the Polkadot ecosystem. According to the team, the goal of the project is to drive growth in the Polkadot ecosystem through onboarding new users, bringing in new liquidity and attracting new attention from the crypto community.
DOT is $DED is created by a team of Polkadot natives and $DOT token holders.
How to get the DOT is $DED token airdrop
Time needed: 1 hour
Here’s how to get the DOT is $DED token airdrop.
- Get a Polkadot wallet
To get the airdrop, you will need a Polkadot wallet such as Subwallet, Talisman, Enkrypt or Polkadot.js. We use Subwallet which is a Chrome extension that can be downloaded here.
Subwallet is also a good choice because we can use it to stake Manta tokens for ecosystem airdrops. Check out our Manta token staking guide here. - Fund your wallet with Polkadot ($DOT) tokens
DOT is $DED will airdrop $DED tokens to any Polkadot $DOT token holders, including $DOT held on centralized exchanges. HOWEVER, the team have warned that it does not mean that the centralized exchanges would give $DED to their users.
Therefore, you should move your Polkadot into your SubWallet to get the airdrop or buy Polkadot ($DOT) tokens from centralized exchanges such as Bybit, Binance or KuCoin exchange.
Sign up for a Bybit account here! - BONUS: Stake $DOT on Polkadot
Staking $DOT tokens on Polkadot means you will be nominating a validator. However, there are requirements for becoming a nominator on Polkadot. To become a nominator on Polkadot, you will need 250 $DOT to run a nomination pool and maintain a 100% uptime.
- Join a nomination pool
Alternatively, you can join a nomination pool with only 1 $DOT! To join a nomination pool, connect your wallet to https://staking.polkadot.network/?utm_source=polkadot.network#/pools, go to “All Pools” and choose a nomination pool to stake your Polkadot. However, you can only bond your $DOT tokens to one pool at a time, and it will take 28 days to unbond your tokens from the pool.
To decide which Polkadot pool to stake your $DOT, we looked at https://polkadot.subscan.io/nomination_pool. In particular, we look at the “Reward Pool” and “Members” columns. We would look for pools that have higher Reward Pool but fewer Members. However, avoid the pools with “Destroying” or “Destroyed” as its status. - Stake $DOT on Bifrost
Go to https://bifrost.app/vstaking/vDOT and stake your $DOT to earn $vDOT. Bifrost is doing a campaign right now to further incentivize $vDOT holders until 10th March 2024! Note you will need to cross in (bridge) your $DOT to the Bifrost Polkadot network.
- Complete tasks on Airlyft
Go to https://airlyft.one/bifrost-finance/vdot-is-ded-1708948824425 and complete the tasks. They also have a raffle where you can stand a chance to win 10 $BNC!
- Mint Deadmine NFT badge
To mint the Deadmine NFT badge, go to https://ded.games/play/dedmine and play the Deadmine game. The goal of the game is to collect all 45 badges. No gas fees are required for this, and you may get a reward if you are able to collect all the badges.
- Complete Zealy quests
Go to the DOT is DED Zealy questpage and complete the tasks. Tasks include reading articles, completing social tasks and creating content. They have a reward pool of 400 $DOT up for grabs!
- Claim Zealy quest rewards
The first Zealy sprint has just concluded and the DOT is DED team have announced that rewards will be distributed in the next 7 days i.e. 12th March 2024. The team have also hinted that a new Zealy quest sprint will be coming soon.
Dot is $DED snapshot taken!
Dot is $DED has taken its snapshot at block height of 19,952,000.
Dot is $DED airdrop started! Eligibility and distribution details
On 23rd March 2024, Dot is $DED have confirmed that their airdrop has started! Those who are eligible with get 36 $DED for every DOT held at the time of the snapshot. $DED tokens will automatically be distributed to users, but will initially be frozen until exchange listings are confirmed. Users however can follow the token distribution and airdrop as it occurs live HERE.
Check out our video with the latest news on the DOT is $DED airdrop distribution HERE!
Dot is $DED trading?
Airdropped $DED can be traded on HydraDX on its Isolated Pool. All $DED tokens will be thawed after 29th March 2024.
Frequently Asked Questions (FAQs)
The DOT is DED airdrop snapshot has been taken at a block height of 19,952,000.
All DOT that is natively on Polkadot qualifies for the DOT is DED airdrop. However, if your DOT is stored on a centralized exchange, there is a possibility that the exchange will claim and keep your airdrop. So move your DOT off centralized exchanges!
Yes, you will still be eligible for the DOT is DED airdrop, BUT you will not be able to transfer or swap the $DED tokens with a Ledger account until the new app is released.
Many see $DOT as having huge potential with the upcoming release of Polkadot 2.0. This will allow a lot of smaller projects to join the Polkadot ecosystem because the barrier to entry is much lower if they want to auction for a slot on Polkadot. The recent Polkadot event held in Hong Kong also attracted a lot of participants.
We spoke to many project founders that attended the Polkadot event, many of them said they would do a token airdrop!
We like to use Subwallet for Polkadot as it allows us to also stake Manta tokens for ecosystem airdrops. Check out our Manta token staking guide here!
Yes, you will still be eligible for the DOT is DED airdrop, BUT you will not be able to transfer or swap the $DED tokens with a Ledger account until the new app is released.
You will be eligible for the DOT is DED airdrop if your $DOT is staked on Bifrost Finance, Acacia Network, or StellaSwap.
You will be eligible for the DOT is DED airdrop if your $DOT is held in a self-custody wallet such as Nova Wallet (mobile wallet ONLY), Talisman (desktop wallet ONLY), Subwallet and Fearless wallets.
You can liquid stake my $DOT to get $DED at Bifrost Finance (vDOT), Acala Network (LDOT, tDOT, LCDOT, etc) or StellaSwap (stDOT).
Yes! Your $DOT will still be eligible for the DOT is DED airdrop even if it is locked in a crowdloan. The team confirmed they are able to extra the amount of $DOT you have locked in crowdloan(s) and airdrop your $DED tokens to the wallet you lent your $DOT from.
You will still be eligible for the DOT is DED airdrop if you are liquidity providing your DOT tokens. The $DED tokens will be airdropped to the parachain or dApp’s treasury. The protocol then has the responsibility to forward the $DED tokens to you.
The $DED airdrop started on 23rd March 2024 and is ongoing.
Those who are eligible will receive 36 $DED for every DOT held at the time of the snapshot.
The $DED airdrop distribution is ongoing, so some users may not have received their airdrop yet. You can follow the distribution in real time HERE.
Airdropped $DED can be traded on HydraDX.
All $DED tokens were thawed between 28th to 29th March 2024.
