Dymension airdrops exceed $350 million! Token DYM listed on Binance breaks through $6

This site (120btC.coM) pointed out that this year’s airdrop trend is not limited to the Solana ecosystem, but the Cosmos ecosystem has also begun to follow suit. Dymension, the latest modular blockchain project launched on the mainnet, has begun airdrops of its native token $DYM. The market is full of expectations as to whether this project will become the next Celestia (TIA).

Binance opened the spot trading pairs of DYM/USDT, DYM/FDUSD and DYM/BTC at approximately 1 a.m. today. Among them, the DYM/USDT trading pair quickly shot up to $6 15 minutes before it went online, and reached a maximum of $6.321, an increase of more than 3000%. Currently, the trading price is still fluctuating at a high between 5 and 6 US dollars. The quotation before the deadline was 5.221 US dollars, an increase of 2510.5% in the past 24 hours.

Before listing on CEX, the OTC price of DYM on the Aevo platform had been fluctuating between US$3.5 and US$4.1. Therefore, when DYM was listed on CEX, its price was able to reach $6, which shocked the market. The total supply of DYM is 1 billion, and the number of this airdrop is 70 million. At current prices, this means a total of more than $350 million worth of funds have been distributed. For users who are eligible to receive airdrops, this is undoubtedly a pretty good red envelope.

Airdrop Receipt Eligibility

Dymension’s first season airdrop is called “Genesis Rolldrop”. The snapshot was taken on December 19 last year. The following users are eligible to receive it ([] is the number of airdrop allocations) ):

• Celestia: Minimum pledge 1$TIA. [20 million DYM]

• User activities on L2, such as Arbitrum, Optimism, Base and Blast. [10 million DYM]

• Atom: stake at least 1ATOM or stATOM. [15 million DYM]

• Osmosis: stake at least 10 OSMO. [2.5 million DYM]

• Solana: Minimum balance 1SOL, using Wormhole, Drip, Tensor and other protocols. [10 million DYM]

• NFT holders: Pudgy Penguins, Mad Lads, Tensorians, BadKids. [12.5 million DYM]

The claim time has ended, and the deadline is 8pm Beijing time on January 21st. According to Decrypt, although more than 1 million wallets were available for claim, only 528,523 wallets ultimately claimed, meaning that about half of the eligible users did not claim, and the remaining tokens will be reallocated to wallet addresses submitted before that date, so Airdrop allocations for previously claimed users may increase.

In addition, Dymension will also launch a liquidity incentive plan to allocate an additional 2.5 million DYM to users who cross-chain tokens to the Dymension network.

What is Dymension?

Dymension is a modular blockchain based on Cosmos and Celestia technology, designed to allow developers to deploy application chains called Roll Apps. It is able to connect with various other chains by using the Inter-Chain Communication Protocol (IBC). Developers can choose from a variety of virtual machines and tokens on their Roll Apps.

In February 2023, Dymension completed a $6.7 million seed round of financing, led by Big Brain Holdings and Stratos, with participation from Matchbox DAO, Shalom Meckenzie of Draft Kings, and others.

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