BIGGEST Memecoin Airdrop in Polkadot 2024 (Do this NOW)
Boxmining
over 1 year ago
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Executive Summary
This video dives deep into the highly anticipated $DED memecoin airdrop within the Polkadot ecosystem, which isn't just any meme coin but a project generating significant buzz among developers. It clarifies eligibility requirements, provides crucial updates on the airdrop campaign, and offers actionable strategies for Polkadot ($DOT) holders to maximize their participation and potential rewards. The key takeaway is to move your $DOT to a self-custodial wallet now, as the snapshot hasn't been taken yet, and there are multiple ways to engage with the $DED ecosystem.
Here's what you need to know about the $DED airdrop and the Polkadot ecosystem:
Transcript
Transcript
All right, welcome to Box Mining. My name is Ron. I'm an analyst here and today we're going to be talking about a very big airdrop in the Polkadot ecosystem. Now, you might think that this is simply a meme coin airdrop. Not exactly. There's more to this meme coin. It's called meme coin. Sorry, it's called dot is dead. This is actually very popular in the Polkadot community. So last month, we went to the Polkadot Blockchain Academy here in Hong Kong and quite a lot of developers were very excited about the dot is dead airdrop, aka dead token airdrop. What's up, steak sauce? Now, I already did a guide about this on the plus channel two weeks ago, but there's several updates right now for the dot is dead airdrop campaign. So there's other stuff you can do as well. And if you're asking me, is the snapshot taken yet? No, it's not. You still have time to move your dot from centralized exchange to your own Polkadot self-custodial wallet. Okay. We'll also be clarifying some questions about the dot airdrop. It's very simple, but if you need more clarity to it, I'll deliver. What's up, Dive by Jerry? Okay. So first things foremost, this is their pinned tweet. All right. So people are asking, am I eligible? So you just have to know all dot natively on Polkadot qualifies. All right. So if you have any dot staked on another protocol that's on Polkadot, if you have any dot LP, for example, on Polkadot, that's fine. As long as you have that, then you're qualified for a dead airdrop. Okay. So they also have a Zeely quest. So links in the description, if you want to play around with Zeely, they have a reward pool if you're playing around with Zeely as well. So that reward pool is in dot. So that's going to be Polkadot tokens. All right. And then the new update is that they have a game actually. And this game, I've played it on the flesh channel. You've seen it. It's powered by unique network. So you can play the game. And I've showed you already here. The goal of the game is to essentially collect all of these badges. There's no gas needed. You need to collect all 45 of these. And I think you will be rewarded if you're able to collect all 45. Just play the game and you'll see what I mean. Maybe we'll play it later at the end of the stream. So Stakesaw says, what if dot is on ledger? Is there an easy way to claim without connecting to dApp? So someone also asked the same question here. So Bry says, I have dot in ledger staking. Is it okay? Dot is dead says, yes, you will receive the dot drop, a dead drop, but you will not be able to transfer or swap dead with a ledger account until the new app is released. So you got to wait for dead to, to got to wait for dead's announcement on the new app really. So make sure you turn the notification bell on for dot is dead because it's been two weeks and already a lot of things have been moving here. Dive by Jerry says, is it soon enough to buy dot? Well, it's not financial advice, but we see a lot of potential in polka dot. That's for sure. A lot of hype right now is in Solana and cosmos. But when we went to the event in Hong Kong, it was crazy. Like all like they're not even being biased. They think dot is going to explode this year, especially after polka dot 2.0, right? This means a lot of small projects can get on to, to build on polka dot simply because the, the barrier, the entry to barrier is much lower if they want to auction for a slot on polka dot, right? And yeah, it's like, it's, it's, it's a whole new ecosystem as well. If you're farming airdrops and there are 80 founders who attended the event and all of them, I ask, they're going to do an airdrop. So we'll do a complete guide about that. There's so much to explore, but I promise you, we will dive into the polka dot ecosystem and we explore together. Okay. We get rich together. Okay. So yes, so far it just, as long as you have polka dot on your polka dot, uh, wallet. So for me, I'm just using sub wallet. Uh, you can also use other polka dot wallets such as, uh, talisman as well. Uh, polka dot JS. Uh, I'm Mo nobody says dot staking on Nova will be eligible. So this is their FAQ. If you're talking about liquid staking, Bifrost finance, Akala network, Stella swap. Um, these are the ones that are going to be qualified. So I, I think if we're talking about Nova, ah, yes, yes, yes. It's also eligible. Yes. All right. Now in terms of tokenomics, right? There's no pre-sale, no team allocation, a hundred percent will be airdropped. And for every dot you hold, you get a thousand dead tokens. Now you're thinking, well, what's the limit? Does this mean everyone will really be getting a thousand dead? I think there's a reason why that the snapshot hasn't been taken yet because the supply is really big. It's 1.398 trillion, uh, dead tokens that is. And they're saying that the polka dot treasury owns 48, uh, 42.8 million dots. So that's only 3% of the dot supply. And that's only equivalent to 3.06% of dead supply. So I think there's still time to move polka dot to your, uh, self-custody wallet. So, but I wouldn't, you know, I wouldn't delay too long. If you have dot, just move them over so you could get this easy. Uh, jbusby says sub wallet. Yes, I use sub wallet. Ah, and yeah, now holding dot is already enough, but I think, you know, it, it's better to earn yields rather than just, uh, have it doing nothing. So as of now, personally for me, what I'm going to do with my dot is I'm going to split them up, right? So I, I've told you about this in the last video, if you watch it, uh, links also in the description. So I'm going to be, um, staking, I'm going to be bonding some of my dots. So maybe 30% of my dot here in the, in the nomination pools, right? So the minimum is one dot to join pool. So 30% of my dot will be here, but that is up to you. And then the other, the rest of the 70%, I think it's wiser to, for me, I think is to go to Bifrost and just stake, um, or yeah, stake your dot to get V dot because, um, Bifrost is doing a campaign right now to incentivize more V dot stakers. It isn't going to last until March 10. Okay. And it's very easy. You just mint any amount. There's no, you know, limit to that. And it's, it's, yeah, there's also additional rewards. You get 1000 BNC tokens to share for the winner. So, uh, I don't think a lot of people know about this yet, but yeah. Oh, it's a, it's winner. So a hundred winners. So, and 10 BNC tokens each, but yeah, if I were you, um, you can, you can, uh, stake your dot. So head on over to V staking links also in the description. So it's also not bad. 17.86% APY. You click on this one stake now, because you're going to need to move your dot to the Bifrost polka dot. You have to click cross in first, and this will bridge to the Bifrost polka dot. Right. So select how much you want and it'll turn into V dot. Then you'll be able to see your amount here, uh, allocate however much you want. Then you will mint the V dot. So for Bifrost as well, right. Um, I'm doing Manta staking as well. So this one is still, I'm surprised there's only still 2000 stakers. So either everyone in the world is Manta rich or still people who have less than 500 Manta do not know about staking on Bifrost. So Kenny Lee, one of the co-founders of Manta network literally said, said to me here in this office, if you, if you have Manta stake him on Bifrost, this is financial advice. That's what he said jokingly. Okay. It's not financial advice, but because there's so few stakers, the staking APY for Manta is very impressive. 42 points, uh, five, 7%. It's been two weeks and I already earned two Manta tokens from 143 Manta on this wallet. So yeah, that's an interesting side note for you guys. If you're also interested in diving into the Manta ecosystem, because Kenny did say yes, because you're, you're delegating your Manta tokens to the validators on Manta Atlantic. So you do qualify for airdrops if you're looking for that. All right. Uh, what else, what else, what else, what else? Yeah. So basically TLDR, move your dot to your polka dot wallet. Then once that's done, you can either choose to just hold it or you can choose to stake it on polka dot, or you can liquid stake on Bifrost and then play the game. Okay. Play the game. Uh, because the game, they're going to be playing, they're going to expand more game as well. Like this is, this is a platform of online games and collect all 45 of these badges. It's very easy. It's pretty fun to play. Actually, it's quite addicting. It's like a mobile phone game. Here, I'll show you guys. Play. All right. Play Deadmine. Aye. Cloud P. What about Exodus? Uh, let's see. We can check Telegram. By the way, just a few minutes ago, the, yeah, the community mod said, when snapshot, not yet. So let's see. Let's see. What about Exodus? I don't know about Exodus. Let's check. If you're asking about Exodus wallet, it's reasonably likely that DM scammers will target you. Have a look at what dot and don't be gullible. What? If I have dot, no, no, no, no, no. Well, this person says yes. Okay. But if you have any more questions about other wallets, right, you can check the Telegram here. Their mods and are very, very active in responding. So yeah, you see every day they would just answer the really common questions. Let's play the game. I want to play the game. We'll play this game. Then we'll hop right off. Nice. Right. So you just move. It's just a, it's just left and right button. And then you're trying to collect these shards. You see that? You see that on the left? Are you see that on the side? Fuck dude. Wait. All right. But essentially you see that on the left, you need to collect all of those to get the badge. That's the goal of the game. All right. Let's see. And then here. God. There we go. Boom. Boom, boom, boom, boom. Boom, boom, boom, boom. Oh, nice. Oh my God, dude. I'm so bad, dude. Brooklyn state of mind says, Ron, I have dot staked my JS wallet. Will that be okay? Yes. Yes. JS wallet is a polka dot wallet. As long as it's a polka dot wallet, right? If you can get your polka dot address on that wallet, it's a polka dot wallet. Yeah. All right. But if you want to be sure, we can always check. We can always check it. Is polka dot JS wallet good? Yeah. Yeah. But the big question is about ledger because some of you guys are staking with ledger. So just be aware that you won't be able to transfer or swap your dead tokens with a ledger account until the new app is released. So keep your... What? Stay updated. Keep updated. I was going to say keep updated. Stay updated on the ledger feature. Okay. For the dead tokens. Uh, Sunkasta says, Yo, Ron, talk about ARK for Pist Stakers. Yeah. So for that one, um, I tweeted about that in Chinese New Year. So I got 1,300 Amber points and I asked her in Discord. They said I actually got a lot. Most of them got less than 1,000 for some reason. I thought 1,300 is the minimum because I only qualified for the week three of the test net alpha. So, um, this is how they're filtering out Sybils. So I told you, um, for Pith, right? You need to be raising, um, that more because they made it so that it's, uh, 1,000... Wait, what? Oh, sorry. Not the finance. Talking about ARK. Wait. Yeah. Yeah. So the ARK one, right? The... The... Holy fuck, dude. There's so many projects. Like I already have them confused in my head. But for ARK, right? Yeah. To qualify, it's either one of these categories. That's what I heard. Not all of them. So you need to be staking at least 1,200 Pith, 100 Tia, and on respective protocols. So, uh, I'm assuming liquid staking counts. So if you've been staking Milk Tia or Stride Tia, this also counts as, uh, as part of that, right? And then you need... Or you could be holding at least 1,200 Juke. So the snapshot taken already yesterday, February 29. He has a custom. It's different, Ron. But yeah. So on... Because this is such an easy thing to do, right? They're gonna filter out Sybils as well. How they filter out is they need you to use the testnet. And I tweeted this in Chinese New Year. I said, yo, they're... They have a testnet alpha with the Galaxy Link, right? It literally takes you to the testnet itself so you can play around with the testnet alpha. You just do some swaps. They literally told you what to do. Say, uh, if this pool liquidity exceeds something, some shit, you just do the action there. So, um, there are four weeks of them already done. The last week was 19th February, I think. So I hopped on to the week three, which ended just before Valentine's Day. So yeah. But hopefully, maybe they'll also just reward Pith Stakers, um, only Pith Stakers. Like, you don't have to do testnet alpha. But as of now, what I know is that, uh, you need to be playing with the testnet alpha as well. So yeah. Uh, yeah, yeah, yeah, yeah. Wiggle in the state of mind. Uh, what's one art gonna be worth, you think? I think it's gonna be worth a lot. I've heard about this project since two years ago. So, um, I don't know about the valuation. You know what? Let's check it together. Let's see. Oh my God. Look at that. 128 mil across 18 funding rounds. Not this one. Yeah. Funded by Delphi Digital as well. That's a big VC. OKEx Ventures. Dude. So we're gonna have to check EVO. Check EVO. Is there a prediction market already for the token? EVO. EVO is a very good tool. You can see. ARK. Not yet. So there's no ARK token yet here. Pretty bunched open. Parcel. Not bad. Yeah. 128 mil. So if you get even just a little bit, I'm, I'm guessing one to $2 listing. We'll see. My math is really bad. I'll need to ask the BD team here. Uh, I have some dots in my trust wallet. Should I transfer them into a polka dot wallet? Honestly, yes, transfer them to a native polka dot wallet because trust wallet is mostly Binance based. So better move them to a polka dot wallet. Um, yeah, because I'm, I'm sure that the dots, the dot tokens in your trust wallet is pegged. It's not native dot. So it needs to be native. Uh, and yeah, that's pretty much it. Okay. So guys, smash up the like button and subscribe to the channel if you have not already. And I'm very excited for the upcoming 2024. Like there's so many plays to, to make, so many ecosystems to explore at this point. Pretty much feels like a game. So yeah, my name is Ron.