$DED the first meme coin project on the Polkadot Parachain Ecosystem has been gaining its attention back from the market after its Twitter (X) account got banned.
The Twitter account got unbanned on April 3rd, 2024 after five days of being banned by Twitter due to it being potentially seen as a scam.
After the the account was reinstated, its followers seem to welcome it back with open arms, as the Twitter follower and Telegram member count continues to grow.
$DED’s Twitter Account Unbanned
$DED’s Twitter account was reactivated on April 3rd, 2024 after it got banned for five days straight.
$DED’s Come Back Tweet / Source: Twitter
The ban happened because Twitter misinterpreted the project as a scam, essentially banning it without any regard for the project’s details.
It got banned after the hype around it started getting bigger when it announced that it would launch an airdrop for $DOT holders.
Holders of $DOT will receive $DED in the same amount where the ratio given to the holders is 1:1, meaning if an investor holds 1 $DOT then they will receive 1 $DED.
However, the value of the two differs by a significant margin, considering that $DED is a new meme token that has a low value in its early stage.
$DED’s Telegram Member Countt / Source: Telegram
After the Twitter account was reinstated, the project was welcomed by the community where it slowly gained traction back after being dead for five days.
The Twitter follower count of this project has been growing, and it now has reached more than 30,000 followers on Twitter.
The Telegram Channel has also received massive engagement and the project has member count continued to rise to more than 20,000.
The difference between Telegram's member count to its Twitter follower count is not far off, meaning that the project has great engagement, compared to other projects in the crypto space.
What is This $DED?
DotisDed is the first meme coin project on the Polkadot Parachain Ecosystem, which is an accomplishment, considering there are many requirements to launch a project on the Parachain.
It was created to protest against the narrative that the PolkadoEcosystemem is dead, due to the low number of projects being developed on it, which is taken as a sign of low development.
This narrative was created by investors and traders who did not look into what Parachain is, which is why most fail to realize that to launch a project on Polkadot, the owner needs to go through a Parachain Auction to secure a spot to build on the Parachain.
This is why not many can build on it unlike most blockchains that welcome all, even the meme coin projects that have high risk with little to no fundamentals.
The lack of projects being built on Polkadot is not a sign of low development, but a sign of a true curation process to give a safe experience for its ecosystem users.
$DED is currently one of the projects that are building on the Polkadot Parachain, where even if it is a meme coin project, it still has plans for the future.
$DED is an example of how Polkadot’s meme coin differs from other meme coins on other blockchains because it went through a curation process through the Parachain Auction, which is why it will not only be a pump and dump token.
Going forward, $DED is planning to create its own game, which is why it will be interesting to see how the development unfolds.
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