Eligible customers of Ethereum Layer 2s, Solana and Cosmos have till Jan. 21 to assert their DYM allocations.
Airdrops have been a sizzling subject for market contributors over the past yr, and after the latest success of Celestia, DeFi customers are eagerly awaiting the subsequent Cosmos ecosystem airdrop, Dymension.
Dymension has introduced its upcoming token launch, which is presently in a “declare interval” for eligible customers. Eligibility for the airdrop is predicated on quite a lot of standards centered round Ethereum Layer 2 utilization, Solana DeFi, and Cosmos token staking.
Customers can test their eligibility by visiting the web site and declare their airdrop allocations with no pockets connection vital up till Jan. 21.
What’s Dymension?
Dymension goals to be the operational hub for RollApp growth within the Cosmos ecosystem by standardizing rollups with the Inter-Blockchain Communication Protocol.
Utility growth by way of rollups and modular chains has grown more and more widespread because of their customizability on a per-app foundation. Nevertheless, when every of those apps is launched as a customized L2, the consumer expertise for multi-application customers turns into extra fragmented and fewer safe as every rollup is accountable for its personal backend.
RollApps are modular blockchains that function particularly with the Dymension Hub, which provide the efficient enterprise mannequin of rollups however permit for a extra environment friendly and scalable consumer expertise. Via Dymension, all these RollApps can entry the safety, liquidity, and connectivity advantages of the bigger Dymension Hub, which makes multi-app utilization extra handy.
DYM Airdrop
At an undisclosed date after the guide claiming interval concludes on January twenty first, 7% of the full $DYM provide will probably be airdropped to customers who claimed their allocations.
Much like Celestia’s TIA airdrop, any unclaimed DYM provide will probably be redistributed amongst the eligible wallets on the time of the airdrop, so any claimable quantity of tokens throughout this window represents the minimal allocation per pockets.
Whereas purely speculative, the Perpetual Futures market on Aevo presently has the DYM token buying and selling at $4.5 on the time of writing, which correlates to a totally diluted valuation of over $4B.
