Rules for the Genesis Airdrop Distribution of the modular blockchain Dymension for a quick overview.

2024-01-03 11:18

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Original Title: "2024 First Hair! Quick View of the Distribution Rules for Dymension's Genesis Airdrop of Modular Blockchain"

Original Author: Peng SUN, Foresight News

Winter is leaving, and spring is not far away.

On the first working day of 2024, the market was filled with bullish news about Bitcoin spot ETF. Starting from the morning, Bitcoin surged past 45,000 USDT, reaching a new high since April 2022; ETH also broke through 2,400 USDT.

Evening, the Cosmos ecosystem sounded the first horn of 2024. The modular blockchain network Dymension announced the launch of the Genesis Drop event and will airdrop 70 million DYM tokens (7% of the total supply) to users of the Celestia, Ethereum, Cosmos, and Solana ecosystems.

The consensus in the industry is that there will be multiple big players in the Cosmos ecosystem during the next bull market. In light of this, Foresight News will provide a detailed explanation of the Dymension airdrop rules, to see if you are eligible to claim the DYM first season genesis airdrop.

Dymension 是什么？

translates to

Dymension is what?

in English.

Dymension is a modular blockchain network that utilizes Cosmos and Celestia technologies, aimed at ensuring RollApp security and interoperability using the IBC standard.

Currently, Dymension has launched the incentive testnet Froopyland, allowing developers to deploy IBC RollApp without permission.

Previously 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 and Shalom Meckenzie of DraftKings.

Token Economics

Currently, Dymension has not disclosed its token economics, but the total supply of DYM can be calculated to be 1 billion. In August of this year, Dymension announced that 1% (10 million) of its genesis supply of DYM will be allocated to the three-month Froopyland incentive testnet. Of this, 10% of the rewards will be allocated to RollApps (1 million), 10% to users (1 million), 40% to validator nodes (4 million), and 40% to RollApp deployers (4 million).

Who can receive the airdrop?

·Dymension is distributing airdrops to Celestia, Ethereum Layer2, Cosmos, Solana, and NFT holders. Users can complete the claim before 8:00 PM on January 21, 2024 Beijing time. Specifically:

·Celestia: As of December 19th (block height 360,000), users who have staked at least 1 TIA and up to 5000 TIA are eligible to allocate 20 million DYM, which accounts for 2% of the total supply.

·Ethereum Layer2: Dymension will provide 10 million DYM tokens, accounting for 1% of the total supply, to Arbitrum, Optimism, Base, and Blast users. The allocation eligibility depends on user activity, assets in the multi-signature cross-chain bridge contract, and previous airdrop situations.

·Cosmos: Dymension will allocate 17.5 million DYM tokens, accounting for 1.75% of the total supply, to Cosmos ecosystem users. Among them, 15 million DYM tokens will be allocated to users who have staked at least 1 ATOM and up to 5000 ATOM on Cosmos Hub by December 19th, and hold at least 1 stATOM and up to 5000 stATOM on Stride. Additionally, 2.5 million DYM tokens will be allocated to users who hold at least 10 OSMO and up to 10,000 OSMO on Osmosis by December 19th.

·Solana: Will allocate 10 million DYM to over 500,000 addresses on protocols such as Wormhole, Tensor, and Drip.Haus, accounting for 1% of the total supply.

Meanwhile, Dymension will also allocate 12.5 million DYM to the holders of Pudgy Penguins, Mad Lads, Tensorians, and Bad Kids. Specifically:

·Pudgy Penguins: As of December 19th, the maximum number of tokens held per address is 20, with a total distribution of 5 million DYM tokens.

·Mad Lads: Independent holders as of December 19th can receive a distribution of 2.5 million DYM tokens.

·Tensorians: Independent holders as of December 18th can be allocated 2.5 million DYM;

·Bad Kids: As of December 19th, the maximum number of tokens held per address is 20, with a total distribution of 2.5 million DYM tokens.

In addition, Dymension will also launch a liquidity incentive plan one week after the mainnet launch, distributing 2.5 million DYM genesis airdrops to users who cross-chain to Dymension. The plan supports tokens such as USDC, TIA, USDT, ATOM, ETH, and SOL.

It is worth noting that this airdrop is the first season of the Dymension Genesis Rolldrop airdrop, and there will be other airdrop activities in the future.