DOTisDED Tokenomics Proposal

Prepared for: DOTisDED Community

Prepared by: Chris Coca, @mango_coca on Telegram, @bc1_chris on X
December 29, 2023
Proposal number: 1

The following proposal is just that - a proposal. So, please view it as a starting point rather than a stone-tablet from
on high.

The token distribution presented below is based on many open community polls, feedback from hundreds of
DOTisDED Telegram community members, and the underlying principle of creating as fair of a distribution as
possible. By fair, we mean fair to all $DOT holders; we mean not arbitrarily picking winners or losers. Instead, we
try to think about what all $DOT holders would want, since this is by and for $DOT holders.
DOTISDED: TOKENOMICS PROPOSAL

KEY GUIDING PRINCIPLES

No Pre-Sale
Pre-sales of tokens is a standard way of raising capital for a project in the web3 ecosystem. We are not saying it is
wrong or right to have a pre-sale.

We do, however, believe that a pre-sale could be viewed as favoring a select group of individuals at the cost of all
other $DED holders. Also, given the nature of venture capitalism, early investors are incentivized to sell holdings as
number goes up.

We’ve chosen to avoid taking the pre-sale route. The bene t is a more fair distribution to all $DOT holders. The
cost is, we don’t have any funds other than the money/time/resources individual community members are willing
to volunteer with no expectation of compensation.

No Team Allocation
There is no formal “team”, so there cannot be a “team” allocation. For more on the origin story of DOTisDED,
please join our telegram and checked the pinned posts.

Again, by not allocating tokens to a formal team, the distribution becomes more fair to all $DOT holders. That is, a
larger allocation can be made to the airdrop at the cost of funding a formal team.

This obviously presents a hurdle when trying to get anything done. It is also an excellent lter, as it removes
potential bad actors. The result has been Polkadot-natives who are passionate about seeing our ecosystem grow
dedicate time, energy, and money towards building DOTisDED and deploying our agship Polkadot-native
memecoin, $DED.

Airdrop
Believe it or not, airdropping a token to all $DOT holders is technically challenging. That is because $DOT exists in
the ecosystem in many forms: liquid-staking (eg. vDOT, LDOT), cross-chain (xcDOT), nomination pools vs. ‘solo’
staking, LP’ing/farming, etc. As a project, we do not wish to see $DOT liquidity leave our ecosystem’s L1
protocols. Instead, we openly invite tech teams from all of these protocols to join our technical channel to ensure
you’re users will be eligible for the $DED drop.

Note, there is some irony (meme-worthy?) that it took a meme coin project to reveal this ‘problem’ and (hopefully)
fi
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pioneer a solution.

At present, a consensus has been reached within the tech channel to deploy $DED as a native token on Asset
Hub (previously Statemint). The airdrop/claim process is currently being developed, and will take the form of a web
UX. Through this interface, $DOT holders will be able to securely check their eligibility & claim their $DED tokens
once released.

More details on this will be announced as the technical group work out a deployment process that captures as
many $DOT holders as possible, in a seamless and secure way.

DED Treasury
A DED Treasury will be formed to cover maintenance costs & fund future development of the project, which may
include but is not limited to:

• maintaining the various websites associated with DOTisDED (domain registration, hosting, etc)
• fund a mobile-friendly arcade of based DED games (code, artwork, music, player rewards)
• hire content creators for marketing and/or tutorials
• community rewards
• and more

The goal is to have a DAO, comprised of $DED holders, that will control the DED Treasury. Note this is a long-term
goal that the group hopes to accomplish using existing tech within the Polkadot ecosystem.
DOTISDED TOKENOMICS PROPOSAL

TOKEN DISTRIBUTION

Basic facts about the $DED token:

• Fixed supply

• Total supply of $DED: 1,789,000,000,000 (1.789 Trillion)

Allocation Percentage Quantity

Airdrop to $DOT Holders 80% 1,431,200,000,000

Treasury 20% 357,800,000,000

Total 100% 1,789,000,000,000

Airdrop Treasury

Treasury
20%

Airdrop
80%