Dymension
Dymension
DYM
Dymension Timeline
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- Oct,2024Dymension’s wallet introduces multi-chain functionality, allowing users to manage accounts across over 15 networks in a unified interface, reducing gas fees especially on Layer 2 (L2) solution
- Jun 5,2024Dymension launched DYM Sponsorships, a staking-based governance system responsible for deciding the optimal distribution of resources among RollApps to encourage liquidity and activity.
- May 8,2024Mande Network, a layer powered by Dymension and Celestia, announced it would increase its RollDrop allocation to 2 million MAND tokens, with 10% allocated to the Dymension community
- Feb 6,2023Official launch of the Dymension mainnet, introducing the first RollApps and focusing on economic security, liquidity, and interoperability through IBC
- Jan 1,2023Announced the upcoming mainnet launch and the Genesis Rolldrop, distributing 70 million DYM tokens to incentivize early users and support the ecosystem
Dymension Info
- Oct,2024Dymension’s wallet introduces multi-chain functionality, allowing users to manage accounts across over 15 networks in a unified interface, reducing gas fees especially on Layer 2 (L2) solution
- Jun 5,2024Dymension launched DYM Sponsorships, a staking-based governance system responsible for deciding the optimal distribution of resources among RollApps to encourage liquidity and activity.
- May 8,2024Mande Network, a layer powered by Dymension and Celestia, announced it would increase its RollDrop allocation to 2 million MAND tokens, with 10% allocated to the Dymension community
- Feb 6,2023Official launch of the Dymension mainnet, introducing the first RollApps and focusing on economic security, liquidity, and interoperability through IBC
- Jan 1,2023Announced the upcoming mainnet launch and the Genesis Rolldrop, distributing 70 million DYM tokens to incentivize early users and support the ecosystem
Dymension Team
Dymension Intro
Dymension is a network of modular blockchains known as RollApps, designed to be easily deployable and extremely fast. It adopts a "Modular" blockchain paradigm, disaggregating responsibilities into multiple layers - Execution RollApps, Settlement, Consensus, and the Dymension Hub.
RollApps are the front-end applications of the Dymension network, offering users a platform for various applications like gaming, decentralized finance (DeFi), and NFTs. Dymension secured $6.7 million in funding through a private token round from key investors like Big Brain Holdings, Stratos, Matchbox DAO, and Shalom Meckenzie of DraftKings. An additional fundraising target of around $20 million is set prior to their mainnet launch.
Dymension is positioned as a transformative force in the blockchain space, with its modular network architecture, unique RollApps, and innovative consensus mechanism. Its strategic tokenomics and significant investor backing suggest strong potential for future growth and expansion, aiming to establish a more decentralized, efficient, and user-centric blockchain ecosystem.
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Q&A about Dymension Tokenomics
Explore the tokenomics of Dymension(DYM) and review the project details below.
What is the allocation for Dymension(DYM)?
- Public allocation(8%): Genesis Rolldrop and Incentivized testnet
- Ecosystem and R&D(20%): Allocated to the Dymension Foundation for growing the ecosystem and R&D while ensuring long-term interests
- Incentives Manager [Onchain DAO](33%): Holding and distributing protocol owned funds for the purpose of Endorsements
- Community Pool [Onchain DAO](5%): Acting as the long-term treasury of the Dymension protocol
- Backers(14%): Reserved for partners who provided funding and support
- Core Contributing Team(20%): Reserved for the early contributing team for past and future contributions
What is the supply schedule for Dymension(DYM)?
- Genesis Rolldrop: Fully unlocked at genesis
- Incentivized Testnet*: Fully unlocked at genesis
- Incentives Manager [Onchain DAO]: Available to governance at genesis (non-circulating)
- Community Pool [Onchain DAO]: Available to governance at genesis (non-circulating)
- Backers: 12-month lockup, followed by a 24-month linear vesting
- Ecosystem and R&D: 33% available immediately, remaining vests linearly over 3 years
- Core Contributing Team: 12-month lockup, followed by a 24-month linear vesting
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Dymension is a network of modular blockchains known as RollApps, designed to be easily deployable and extremely fast. It adopts a "Modular" blockchain paradigm, disaggregating responsibilities into multiple layers - Execution RollApps, Settlement, Consensus, and the Dymension Hub.
RollApps are the front-end applications of the Dymension network, offering users a platform for various applications like gaming, decentralized finance (DeFi), and NFTs. Dymension secured $6.7 million in funding through a private token round from key investors like Big Brain Holdings, Stratos, Matchbox DAO, and Shalom Meckenzie of DraftKings. An additional fundraising target of around $20 million is set prior to their mainnet launch.
Dymension is positioned as a transformative force in the blockchain space, with its modular network architecture, unique RollApps, and innovative consensus mechanism. Its strategic tokenomics and significant investor backing suggest strong potential for future growth and expansion, aiming to establish a more decentralized, efficient, and user-centric blockchain ecosystem.