It’s a brand new yr, however airdrop season is continuing at full force into 2024. The most recent: Dymension, a community for deploying app chains referred to as “RollApps,” has revealed a token drop for greater than one million crypto customers throughout numerous chains and initiatives.
Dymension is a layer-1 blockchain constructed on Cosmos and the inter-blockchain communication protocol (IBC) to allow connections throughout numerous rollup scaling networks. “Dymension standardizes rollups with IBC, just like how tokens had been standardized with ERC,” Dymension wrote on Twitter (aka X), referring to Ethereum’s token requirements.
The community lets RollApp creators select which digital machine and token to make use of, and might publish knowledge to exterior chains like Celestia or Avail. Dymension CEO and co-founder Yishay Harel advised Decrypt that the L1 community makes use of Ethereum Digital Machine (EVM) addresses.
On Tuesday, Dymension revealed its “genesis rolldrop,” which gives up DYM tokens to eligible customers till January 21. United States residents can’t take part within the airdrop. Nonetheless, a wide selection of different crypto customers are eligible for the airdrop, with some 70 million DYM tokens (7% of the provision) being supplied up.
Full particulars can be found on this blog post, however eligible customers embrace those that staked the TIA token in Celestia as of December 19, 2023, together with customers of Ethereum layer-2 networks Arbitrum, Optimism, Base, and the upcoming Blast based mostly on sure standards.
Cosmos Hub and Stride customers who meet sure eligibility can even declare DYM tokens, together with customers of the Osmosis decentralized trade (DEX).
Greater than 500,000 Solana customers are additionally eligible, based on the put up, together with addresses which have used protocols like cross-chain bridge Wormhole, main NFT market Tensor, and NFT distribution platform Drip.Haus.
Moreover, house owners of Pudgy Penguins, Mad Lads, Tensorians, and Dangerous Youngsters NFTs can even declare an allotment of DYM tokens. Pudgy Penguins is minted on Ethereum, Mad Lads and Tensorians are on Solana, and Dangerous Youngsters is on the Cosmos-based Stargaze chain.
Lastly, following the genesis airdrop, Dymension has proposed allocating an additional 2.5 million DYM to customers who bridge funds to the chain from different networks. Eligible tokens embrace USDC, TIA, USDT, ATOM, ETH, and SOL, with that program anticipated to start a few week following the upcoming Dymension airdrop launch.
Dymension joins a rising listing of networks and initiatives which are dropping their tokens lately, together with latest high-profile airdrops from Jito and Pyth Network and upcoming drops from the likes of Jupiter, Starknet, Portal, Frame, and Blast.
Edited by Ryan Ozawa.