Uniting the Community: Igniting Change with DED's Bounty System
I write this with a vision, a vision of transformation, and a vision of uniting the Polkadot community. I acknowledge the shortfalls of DED, but I refuse to let negativity drown our potential. Instead, I see an opportunity—a possibility to rise above the chaos.
DED, the meme coin that sparked controversy, now holds within it the seeds of change. It can be more than just a token; it can be a call to action for our community. Let me paint you a picture of what could be.
Imagine a community vibrant with activity, where memes and jokes break through the brick wall of technical jargon around the Polkadot ecosystem. DED doesn't have to be just another shitcoin; it can be a symbol of our creativity, our resilience, and our unity. With DED, we can create a new channel for people to become a part of the Polkadot ecosystem.
Let's embrace our unique identity. Polkadot was once dubbed the Ethereum killer, and DED carried the torch with #DOTisDED. Now, let's take it a step further. Let's make DED the MEMEcoin killer. Picture it: PEPEisDED, INUisDED, DOGEisDED—the point is the possibilities are endless.
But this vision can only become a reality if we breathe life into DED. We all hold DED tokens, a reminder that we should all be a part of this mission. We can use that to jumpstart the system, and sustained activity will undoubtedly attract new users who will need to buy DOT to get DED.
Moreover, we need to shift the conversation from price to utility. DED shouldn't be kept for its price—unless we do something now to reignite the token. The bad press it received has written "scam" across the web—some tokens never recover from such a bad reception. Instead, let's make it about action. Use DED bounties to incentivize positive behavior, to fight off scammers, and to reward those who contribute to our growth.
Together, we can create a circular economy for DED where scammers are met with DED hunters taking action against them, and where relationships are strengthened as a community through shared interests. I've spoken with many people who say we need "marketing," but I think there's enough "marketing" going on—we need a campaign that drives daily discussion. With community-led bounties, we'll have clients offering rewards and hunters taking action in mass.
After this discussion, I intend to make a proposal that will provide me with help to get this idea off the ground and onto the web. With appropriate resources, web applications can be built to make it an automated, user-friendly, and secure system. Please consider how desperately Polkadot needs another basket to put some eggs in, dedicated to strengthening community engagement. Let me know your thoughts and feel free to ask any questions.
Thank you for reading if you got this far.
Comments (12)
Comments (12)
I'm not sure we should be introducing any incentive to prop up this token, considering how pooly it has been implemented.
Memecoins (aka shitcoins) are bad enough. They're essentially a blip on the market of an ecosystem like Polkadot, and are completely insignificant as far as any major use case, user growth or enterprise adoption.
DEDcoin is all this and a 1000 times worse. A centralised piece of shitcoin, and a devious bank robbery heist, masterminded by Giotto di Fuckupi.
Sorry bud, but I do not buy into your assertion that " Polkadot was once dubbed the Ethereum killer, and DED carried the torch with #DOTisDED".
Also, if you understood the 'tech; you would know that. Polkadot is NOT an Ethereum killer. Ethereum will kill itself through atrophy as the blockchain industry matures into mass market web 3.0, exacerbated by exorbitant gas fees, failed transactions and unacceptable bottlenecks/response time as it tries to scale. It's already happening with Solana now.
Your proposal, says: **"We need to shift the conversation from price to utility". ** - Yet i'm not sure if you a track record in coding/developing or software implementation, and instead of nurturing a genuine idea for the application of this DED memecoin, you go on to propose further shitcoin - PEPEisDED, INUisDED, DOGEisDED. Why not just flood the AssetHub with more useless tokens? You are right on one point - the possibilities for creating shitcoin is endless.
But ultimately, my biggest grip is: you fail to address the outrageous tokenomics of DED. And i'm not even sure sudo (root access) has been removed from the liquidity pool. Any individual putting money into this LP will only be pumping Giotto's fat holdings. who could rug pull Any users supporting this DEDcoin will be his exit liquidity.
So this idea Never has a token's name been so fitting: Dot Is (truly) DED.
I'm not sure we should be introducing any incentive to prop up this token, considering how pooly it has been implemented.
Memecoins (aka shitcoins) are bad enough. They're essentially a blip on the market of an ecosystem like Polkadot, and are completely insignificant as far as any major use case, user growth or enterprise adoption.
DEDcoin is all this and a 1000 times worse. A centralised piece of shitcoin, and a devious bank robbery heist, masterminded by Giotto di Fuckupi.
Sorry bud, but I do not buy into your assertion that " Polkadot was once dubbed the Ethereum killer, and DED carried the torch with #DOTisDED".
Also, if you understood the 'tech; you would know that. Polkadot is NOT an Ethereum killer. Ethereum will kill itself through atrophy as the blockchain industry matures into mass market web 3.0, exacerbated by exorbitant gas fees, failed transactions and unacceptable bottlenecks/response time as it tries to scale. It's already happening with Solana now.
Your proposal, says: **"We need to shift the conversation from price to utility". ** - Yet i'm not sure if you a track record in coding/developing or software implementation, and instead of nurturing a genuine idea for the application of this DED memecoin, you go on to propose further shitcoin - PEPEisDED, INUisDED, DOGEisDED. Why not just flood the AssetHub with more useless tokens? You are right on one point - the possibilities for creating shitcoin is endless.
But ultimately, my biggest grip is: you fail to address the outrageous tokenomics of DED. And i'm not even sure sudo (root access) has been removed from the liquidity pool. Any individual putting money into this LP will only be pumping Giotto's fat holdings. who could rug pull Any users supporting this DEDcoin will be his exit liquidity.
So this idea Never has a token's name been so fitting: Dot Is (truly) DED.
I believe in this community project, it will work to create a whole new stream of active members and provide a space for people new to crypto to enter the polkadot community in fun way that feels rewarding