- What is Dymension?
- Why DYM token?
- How much is DYM worth?
- Buying DYM?
- Staking DYM?
A post for enthusiasts looking to stack something. The DYM claim period has ended, and all unclaimed tokens will be distributed among users who haven’t forgotten. They promise that those with larger stacks will receive the most, let’s see how substantial these stacks are. Distribution is promised today.
**Dymension **is another Rollup As A Service (RaaS). Since in 2024, everyone must have their own rollup, there is an increasing need for more and more infrastructural blockchains that solve this problem. Dymension offers:
- Its ready-made IBC-based bridge connecting RollUP with other networks.
- Its liquidity hub.
- Integration with any DA and settlement layer.
The project launches its rollup and doesn’t need to worry about DA, build its bridges, or start a DEX from scratch.
DYM is the main token of the network.
- DYM must be staked by rollup sequencers to obtain transaction information. This can be either a single stake or in LP DYM+rTOKEN.
- DYM is bought back and burned on bridge fees when liquidity enters and exits the rollup.
- DYM is bought back and burned from swap fees when rollups use its AMM.
DYM Tokenomics Circulating supply at the start is 146M. Of these, 80M will be distributed to users. The remaining 66M belong to the foundation. $4 is the current pre-launch price, giving a $584M market cap at the start. With a FDV of $4B, this valuation is 4.2 times smaller than Celestia.
For myself, even at $4, I see an upside of at least 1.5-2x. Has Avail already announced a drop for DYM stakers? And this gives off pure Celestia vibes. Everyone who gets the drop will rush to stake it, and those who don’t will rush to buy.
Plan:
- Buy everything below $4.
- Distribute 50 DYM to the wallet and stake.