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Reported by the Defiant, Dymension has announced its upcoming token launch, which is currently in a “claim period” for eligible users. Eligibility for the airdrop is based on a variety of criteria centered around Ethereum Layer 2 usage, Solana DeFi, and Cosmos token staking.
Users can check their eligibility by visiting the website and claim their airdrop allocations with no wallet connection necessary up until Jan. 21.
Dymension aims to be the operational hub for RollApp development in the Cosmos ecosystem by standardizing rollups with the Inter-Blockchain Communication Protocol.
At an undisclosed date after the manual claiming period concludes on January 21st, 7% of the total $DYM supply will be airdropped to users who claimed their allocations.
Similar to Celestia’s TIA airdrop, any unclaimed DYM supply will be redistributed amongst the eligible wallets at the time of the airdrop, so any claimable amount of tokens during this window represents the minimum allocation per wallet.
While purely speculative, the Perpetual Futures market on Aevo currently has the DYM token trading at $4.5 at the time of writing, which correlates to a fully diluted valuation of over $4B.
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