Question 1

What is Dymension (DYM)?

Accepted Answer

Dymension is a layer-1 blockchain built on the Cosmos ecosystem, designed to power and interconnect modular blockchains known as RollApps. RollApps are application-specific chains that leverage Dymension's infrastructure to simplify the creation and deployment of decentralised apps without requiring developers to manage the complexities of blockchain infrastructure. The platform provides a modular framework for developers to create their own blockchains quickly, abstracting the technical difficulties of setting up validators or consensus mechanisms.

Dymension’s technology focuses on scaling networks by enabling interoperability between different RollApps through Cosmos' Inter-Blockchain Communication (IBC) protocol. This allows seamless data and asset transfer between different chains, increasing liquidity and connectivity in the broader blockchain ecosystem.

Question 2

What is Dymension (DYM) used for?

Accepted Answer

Dymension’s native token, DYM, is primarily used for governance, staking, and securing the network. RollApps deployed on Dymension must bond DYM tokens, which incentivises stakers to secure these app-specific chains. Validators and stakers are rewarded with fees for providing this security, and they also play a role in governance by voting on protocol upgrades.

Additionally, DYM tokens are essential for operating RollApps, as they must be staked to ensure efficient transaction processing. The platform’s decentralised settlement layer facilitates the scaling of application chains, while users and developers alike are incentivised through transaction fees and potential airdrops.

Question 3

Who created Dymension (DYM)?

Accepted Answer

Dymension was founded in 2022 by Yishay Harel, who also serves as the CEO. Harel has a background in the cryptocurrency space, having worked on projects like Celestia and Cosmos, which laid the groundwork for Dimension.

#	Instrumento	Intercambio	Puntuación de Referencia	Precio	Cambio 24h	Volumen 24h	Operaciones 24h	Apertura 24h	Máximo 24h
1	DYM-USDT DYMUSDT	binance	AA	0.01634USDT	6.73%	126,911,791.20DYM	49,164	0.01531USDT	0.01823USDT
2	DYM-TRY DYMTRY	binance	AA	0.7896TRY	6.27%	96,437,488.20DYM	10,087	0.7430TRY	0.8570TRY
3	DYM-USDT DYMUSDT	bybit	A	0.01633USDT	6.32%	18,311,446.25DYM	4,477	0.01536USDT	0.01752USDT
4	DYM-USDT DYM_USDT	whitebit	BB	0.01634USDT	6.73%	11,006,994.10DYM	16,770	0.01531USDT	0.01756USDT
5	DYM-USD DYMUSD	kraken	AA	0.01629USD	7.24%	3,293,470.40DYM	279	0.01520USD	0.01780USD
6	DYM-USDC DYMUSDC	binance	AA	0.01624USDC	5.80%	2,242,343.70DYM	454	0.01535USDC	0.01816USDC
7	DYM-USDT DYM-USDT	kucoin	BB	0.01629USDT	6.19%	1,748,155.30DYM	322	0.01534USDT	0.01759USDT
8	DYM-USDT DYM_USDT	gateio	A	0.01629USDT	6.40%	1,434,658.00DYM	995	0.01532USDT	0.01756USDT
9	DYM-EUR DYMEUR	kraken	AA	0.01420EUR	10.08%	1,108,303.26DYM	80	0.01290EUR	0.01550EUR
10	DYM-USDT DYMUSDT	cexio	BB	0.01624USDT	8.29%	114,517.36DYM	10	0.01500USDT	0.01697USDT
11	DYM-USD DYMUSD	cexio	BB	0.01700USD	15.93%	3,984.36DYM	4	0.01466USD	0.01700USD
12	DYM-USD DYM_USD	cryptodotcom	AA	0.01599USD	12.21%	1,001.00DYM	2	0.01425USD	0.01599USD
13	DYM-USDT dym_usdt	lbank	C	0.01633USDT	6.80%	70,213,472.60DYM	86,011	0.01529USDT	0.01756USDT
14	DYM-USDT dym_usdt	xtpub	-	0.01629USDT	6.54%	53,593,362.30DYM	8,561	0.01530USDT	0.01760USDT
15	DYM-USDT DYMUSDT	bitrue	D	0.01640USDT	7.19%	32,127,584.50DYM	40,321	0.01530USDT	0.01780USDT
16	DYM-USDT DYMUSDT	mexc	C	0.01631USDT	6.53%	7,064,638.10DYM	3,327	0.01531USDT	0.01765USDT
17	DYM-EUR DYM-EUR	bitvavo	B	0.01413EUR	5.97%	4,729,927.66DYM	301	0.01333EUR	0.01521EUR
18	DYM-USDT DYM_USDT	bydfi	-	0.01632USDT	6.67%	1,302,308.86DYM	2,736	0.01530USDT	0.01757USDT
19	DYM-EUR DYMEUR	bit2me	B	0.01420EUR	10.08%	1,108,303.26DYM	80	0.01290EUR	0.01550EUR
20	DYM-USDT dymusdt	huobipro	C	0.01610USDT	-3.01%	882,290.40DYM	279	0.01660USDT	0.01720USDT
21	DYM-USDT DYMUSDT	coinex	C	0.01622USDT	5.96%	107,645.82DYM	8,567	0.01531USDT	0.01736USDT
22	DYM-INR DYMINR	coindcx	-	1.60INR	7.39%	26,233.82DYM	40	1.49INR	1.74INR
23	DYM-USDT DYM-USDT	bingx	D	0.02444USDT	0.00%	0DYM	0	0.02444USDT	0.02444USDT
24	DYM-USDT DYMUSDT	hitbtc	E	0.01479USDT	0.00%	0DYM	0	0.01479USDT	0.01479USDT