Dear Bitruers,
Today, we are excited to share a new article about Dymension DYM! Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
Introduction
Dymension, a blockchain network within Cosmos, has just announced a significant event called the "Genesis Rolldrop." This move aims to distribute its native token, DYM, to over a million users across various blockchain networks such as Ethereum, Solana, and Cosmos-related projects. Around 70 million DYM tokens, constituting 7% of the total supply, will be made available through this airdrop.
What is Dymension DYM
The platform functions as a hub for deploying "RollApps" - application chains that facilitate connections across different rollup scaling networks. By utilizing Ethereum Virtual Machine (EVM) addresses, Dymension empowers RollApp creators to select their preferred virtual machine and token, allowing data publication to external chains like Celestia or Avail.
DYM Airdrop
Eligibility for the airdrop extends to diverse user groups. These include individuals who staked the TIA token in Celestia, users of Ethereum's layer-2 networks such as Arbitrum, Optimism, Base, and the upcoming Blast, as well as participants in Cosmos-based platforms like Cosmos Hub, Stride, and Osmosis DEX. Moreover, over 500,000 Solana users, including those engaged with protocols like Wormhole, NFT marketplaces like Tensor, and platforms such as Drip.Haus, are eligible. Certain NFT owners, specifically those holding Pudgy Penguins, Mad Lads, Tensorians, and Bad Kids, also qualify for claiming DYM tokens.
Post the genesis airdrop, Dymension plans to allocate an additional 2.5 million DYM tokens to users bridging funds to the chain from other networks. Eligible tokens for this allocation encompass USDC, TIA, USDT, ATOM, ETH, and SOL.
Conclusion:
This strategic airdrop by Dymension aligns with the ongoing trend among networks and projects to distribute tokens among their user bases. Notably, prominent recent airdrops have been conducted by Jito, Celestia, and Pyth Network, marking a broader movement in the crypto space toward user-centric token distributions.