Leading crypto exchanges, including Binance, have announced the listing of the airdrop token – Dymension (DYM) on February 6.
This development introduces new trading opportunities for Binance users with the inclusion of DYM/BTC, DYM/USDT, DYM/FDUSD, and DYM/TRY spot trading pairs. Starting at 17:00 UTC Tuesday, users can deposit DYM for upcoming trading activities. Withdrawal options will be available starting at 15:00 UTC Wednesday.
Major Crypto Exchanges List New Airdrop Token
Dymension, a newcomer in crypto, gained attention for its innovative approach, using the Inter-Blockchain Communication standard to secure and interconnect rollups. This modular blockchain raised $6.7 million in a private token round. It garnered support from notable backers like Big Brain Holdings, Stratos Technologies, and MatchboxDAO, showing institutional confidence in its potential.
However, with great potential comes heightened risk and volatility. Hence, Binance has applied the Seed Tag to DYM, demanding thorough research and risk management from investors.
“The Seed Tag represents innovative project that may exhibit higher volatility and risks compared to other listed tokens. The Seed Tag will be applied to DYM,” Binance stated.
Other prominent exchanges like KuCoin, ByBit, MEXC, Bitget, and Gate.io will also list DYM, further broadening its market presence. While the DYM IOU is currently trading at $4, indicative of high-interest levels, it is crucial to note that this price may not reflect the token’s value upon official trading commencement.
Dymension (DYM) IOU Price. Source: CoinMarketCap
The project’s strategic airdrop distributed 7% of its total supply to various stakeholders within the crypto community. It includes stakers of Celestia (TIA), Cosmos (ATOM), Osmosis (OSMO), and users of L2 and Solana networks, as well as holders of select NFT collections.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
