Home » Airdrop Dymension – How to recover DYM tokens after Binance listing?

Airdrop Dymension – How to recover DYM tokens after Binance listing?

by Tim

After the success of Celestia, the Dymension project is surfing the modular blockchain narrative to announce the imminent launch of its mainnet. To mark the occasion, the project teams have chosen to carry out an airdrop in which 70 million DYM tokens will be distributed not only to the Cosmos community, but also to users of certain layer 2s. The enthusiasm surrounding this project has attracted the giant Binance, which this morning announced the future listing of DYM. However, who is really eligible for this airdrop?

Dymension, the trendy project of the week?

Since last month’s airdrop announcements, the Dymension protocol has been at the heart of many discussions. This project aims to improve Web3 interoperability thanks to its network of modular blockchains known as “RollApps”.

Dubbed by some as the next TIA, a token native to Celestia’s modular infrastructure, Dymension’s airdrop aims above all to attract the attention of cryptocurrency holders, as evidenced by its long list of eligible applicants.

The mainnet was launched at 5pm on February 6, 2024, to see if you have DYM tokens, you’ll need to go here: https://portal.dymension.xyz/dymension/staking and check your “Available Balance”.

To win DYMs, you first had to check if you were eligible on https://genesis.dymension.xyz/ and then enter the Ethereum address to which you wanted to receive the tokens. To be eligible, you had to perform one of the following actions, and there’s a good chance that tokens would be allocated to it:

  • Staking 1 TIA, 1 ATOM or 10 OSMO;
  • Be a recurring user of the Arbitrum, Optimism, Base or Blast networks;
  • Have a minimum of 1 SOL on a wallet and have used protocols such as Wormhole, Drip or Tensor;
  • Be a holder of the following NFT collections: Pudgy Penguins, Mad Lads, Tensorians and Bad Kids.

As all tokens were unclaimed, they were redistributed to the addresses having claimed:

Propelled to the forefront in just a few days, Dymension has attracted the attention of the industry’s biggest companies. Today, Binance, the world’s largest exchange, announced the listing of DYM at the end of the day, in response to the strong demand for the project. Volatility on the DYM price is likely to be high in the days following its launch.

The only trading pairs available on the exchange with this token will be DYM/BTC, DYM/USDT, DYM/TRY and DYM/FDUSD, a lot that will satisfy the majority of investors for the time being. Note that this token is labelled “funding”: users wishing to trade this cryptocurrency on Binance will have to take a quiz to be warned of the project’s volatility.

Finally, tokens will be distributed automatically to wallets that have completed the eligibility actions. All you have to do is add the Dymension network to see the DYMs appear, so there’s no need to do anything to retrieve this airdrop.

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