What is Dymension (DYM)

1. Project Introduction
Dymension is a modular settlement layer that provides all tools and infrastructure needed for rollups within the Cosmos ecosystem, opening up new dimensions for decentralized application scenarios. Dymension introduces a paradigm shift in scaling to easily deploy specific rollups tailored to its needs. In the future, metaverse applications, games, and other ultra-TPS services can reside on the blockchain. As the core of the project, DYM tokens not only support various transactions and functions in the virtual world but also make interoperability with mainstream blockchain networks like Ethereum possible, which ensures its potential for broader application and liquidity.
Summary: It is a well-known modular blockchain project supporting various applications including gaming, decentralized finance (DeFi), and NFT marketplaces.

2. Team & Investment Info
Team Members: This project was founded by Yishay Harel, Omri Dagan, and Lior Zilpa in 2022. Yishay Harel is the co-founder and CEO. He graduated from Lakeman University with a major in computer science and previously worked at Kraken. Michael Tsitrin is a core developer and holds a master's degree in electrical and electronic engineering from Tel Aviv University.
Funding: In February 2023, Dymension raised $6.7 million from a private token sale, with investors including Big Brain Holdings, Stratos, Matchbox DAO, and Shalom Meckenzie.

3. Social Media URLs
X: https://x.com/dymension
Telegram: https://t.me/dymensionXYZ
Discord: https://discord.gg/dymension

4. Token Info
Token Symbol: DYM
Total Supply: 1,000,000,000
Token Type: IBC
Issuance/Burn Mechanism: Dynamic issuance
Contract Address: ibc/9A76CDF0CBCEF37923F32518FA15E5DC92B9F56128292BC4D63C4AEA76CBB110
Token Distribution:
Public Allocation: 8%
Genesis Rolldrop and Incentivized Testnet: Fully unlocked at genesis
Ecosystem and R&D: 20%, 33% unlocked at TGE, remaining vested linearly over 3 years
Incentives Manager: 33%, with unlocking decided by on-chain voting
Community Pool: 5%, with unlocking decided by on-chain voting
Backers: 14%, 12-month lockup, followed by a 24-month linear vesting
Core Contributing Team: 20%, 12-month lockup, followed by a 24-month linear vesting
For more details, refer to the white paper: https://docs.dymension.xyz/

5. Related Links
Official Website: https://dymension.xyz/
GitHub: https://github.com/dymensionxyz
Other Info: https://medium.com/@dymension

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.