The layer-1 Cosmos blockchain Dymension has launched a "genesis rolldrop" of its DYM token to over one million cryptocurrency users across different projects and chains. For those who qualify, there will be an airdrop of around 70 million DYM tokens, or about 7% of the total supply.
Deploying app chains, or "RollApps," is the specialty of Dymension, a network that facilitates connections across different rollup scaling networks. The network enables developers of RollApps to publish data to external chains like Celestia or Avail, and it uses Ethereum Virtual Machine (EVM) addresses to do so. Developers can also choose which virtual machine and token to use.
Eligible users for the airdrop include individuals who have staked the TIA token in Celestia, users of the Ethereum layer-2 networks Arbitrum, Optimism, Base, and the soon-to-be-released Blast, as well as users of the Cosmos Hub, Stride, and Osmosis DEX. Also included in the airdrop's eligibility are addresses that have utilized protocols like as Wormhole, the top NFT marketplace, Tensor, and Drip.Haus, which distribute NFTs, and over half a million Solana users. Members of the Tensorians, Bad Kids, Pudgy Penguins, and Mad Lads NFT communities are eligible to receive DYM tokens as well.
As a follow-up to the genesis airdrop, Dymension has proposed the allocation of an additional 2.5 million DYM to users that bridge funds to the chain from other networks. Tokens such as USDC, TIA, USDT, ATOM, ETH, and SOL are eligible for this allocation.
The distribution of tokens to users by networks and projects is becoming increasingly common, and Dymension's airdrop is a part of this expanding trend. Recently, Jito, Celestia, and Pyth Network have all distributed airdrops that have garnered a lot of attention.
