Follow the software to trade: #dym Introduction

Dymension (DYM) is a new Layer 1 blockchain based on the Cosmos ecosystem, aiming to become a key reference platform for the modular ecosystem. Dymension is built with the Cosmos SDK toolkit and connected to the Cosmos ecosystem through the IBC (Inter-Blockchain Communication) bridge

Dymension's unique structure

Modular blockchain: Dymension provides a modular blockchain system that allows seamless upgrades and maintenance between components. This architecture allows developers to create customized application chains.

RollApps: This is a dedicated blockchain in the Dymension network that simplifies the development process of blockchain applications. RollApps obtains its data and consensus layer through the Dymension center.

Optimized environment: Dymension uses Optimistic Rollup technology and Fraud Proof method for transaction verification, which enhances the security and scalability of the ecosystem.

Functions and roles of DYM tokens

Transaction fees and rewards: DYM tokens are used to pay transaction fees and reward network validators. Holders can also participate in governance decisions and influence the future development of the project

Staking and participating in governance: DYM holders can stake their tokens to support network security and participate in governance through voting. This mechanism ensures the active participation of token holders in the project and contributes to the decentralization of the system.

Token Distribution

According to TokenUnlocks, the distribution of DYM tokens is as follows:

Incentives Manager [Onchain DAO]: 330,000,000 (33%)

Core Contribution Team: 200,000,000 (20%)

Ecosystem and R&D: 200,000,000 (20%)

Investors: 140,000,000 (14%)

Public Allocation: 80,000,000 (8%)

Community Pool [Onchain DAO]: 50,000,000 (5%)

Technical Analysis: DYM is currently above the 50-day and 200-day moving averages, the MACD indicator has turned bullish, and the CMF indicator indicates an increase in buying pressure