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.

#	Instrumen	Bursa	Skor Tolok Ukur	Harga	Perubahan 24j	Volume 24j	Trading 24j	Pembukaan 24j	Tertinggi 24j
1	DYM-USDT DYMUSDT	binance	AA	0.01484USDT	4.29%	70,452,202.90DYM	18,885	0.01423USDT	0.01520USDT
2	DYM-TRY DYMTRY	binance	AA	0.7210TRY	4.49%	42,955,339.40DYM	5,331	0.6899TRY	0.7392TRY
3	DYM-USDT DYMUSDT	bybit	A	0.01480USDT	4.01%	7,837,051.21DYM	1,335	0.01423USDT	0.01519USDT
4	DYM-USDT DYM_USDT	whitebit	BB	0.01484USDT	4.14%	6,588,759.30DYM	9,942	0.01425USDT	0.01517USDT
5	DYM-USDC DYMUSDC	binance	AA	0.01482USDC	4.59%	1,329,167.30DYM	375	0.01417USDC	0.01518USDC
6	DYM-USD DYMUSD	kraken	AA	0.01480USD	4.23%	1,203,233.92DYM	140	0.01420USD	0.01510USD
7	DYM-USDT DYM_USDT	gateio	A	0.01483USDT	4.58%	1,164,042.00DYM	600	0.01418USDT	0.01519USDT
8	DYM-USDT DYM-USDT	kucoin	BB	0.01487USDT	4.72%	1,003,470.70DYM	166	0.01420USDT	0.01509USDT
9	DYM-EUR DYMEUR	kraken	AA	0.01290EUR	4.88%	211,680.38DYM	25	0.01230EUR	0.01320EUR
10	DYM-USDT DYMUSDT	cexio	BB	0.01481USDT	4.63%	112,665.00DYM	8	0.01415USDT	0.01499USDT
11	DYM-USD DYMUSD	cexio	BB	0.01466USD	-5.26%	4,077.40DYM	2	0.01548USD	0.01548USD
12	DYM-USD DYM_USD	cryptodotcom	AA	0.01425USD	0.00%	0DYM	0	0.01425USD	0.01425USD
13	DYM-USDT dym_usdt	lbank	C	0.01483USDT	4.14%	59,518,669.50DYM	82,815	0.01424USDT	0.01515USDT
14	DYM-USDT dym_usdt	xtpub	-	0.01480USDT	4.23%	30,481,276.60DYM	6,572	0.01420USDT	0.01520USDT
15	DYM-USDT DYMUSDT	bitrue	D	0.01480USDT	3.50%	22,150,723.70DYM	37,298	0.01430USDT	0.01530USDT
16	DYM-USDT DYMUSDT	mexc	C	0.01483USDT	4.14%	4,521,843.75DYM	2,946	0.01424USDT	0.01516USDT
17	DYM-EUR DYM-EUR	bitvavo	B	0.01286EUR	4.50%	2,870,413.76DYM	170	0.01230EUR	0.01317EUR
18	DYM-USDT dymusdt	huobipro	C	0.01480USDT	4.23%	1,981,090.31DYM	636	0.01420USDT	0.01520USDT
19	DYM-USDT DYM_USDT	bydfi	-	0.01483USDT	4.14%	1,034,421.11DYM	2,598	0.01424USDT	0.01517USDT
20	DYM-EUR DYMEUR	bit2me	B	0.01290EUR	4.88%	211,680.38DYM	25	0.01230EUR	0.01320EUR
21	DYM-USDT DYMUSDT	coinex	C	0.01467USDT	3.04%	105,956.28DYM	8,348	0.01424USDT	0.01500USDT
22	DYM-INR DYMINR	coindcx	-	1.46INR	-0.23%	10,823.59DYM	15	1.46INR	1.48INR
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