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This Is the Latest Airdrop Token That Will Be Listed on Binance Today

1 min
Updated by Ali M.
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In Brief

  • Binance and other major crypto exchanges to list airdrop token Dymension (DYM) on February 6, offering new trading opportunities.
  • Dymension, using Inter-Blockchain Communication standard, raised $6.7 million in a private token round, backed by notable investors.
  • Binance applies Seed Tag to DYM, indicating higher volatility and risks; other exchanges like KuCoin, ByBit also listed the token.
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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 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.

Read more: Earning Passive Income with Forks and Airdrops in 2024

Dymension (DYM) IOU Price
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.

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.