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Dymension's Chaotic Airdrop

The DYM token pumped despite a rough launch.

Jack Inabinet
Feb 7, 2024 • 1 min read

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Modular settlement layer Dymension went to mainnet yesterday, distributing 70M DYM tokens worth $420M to bluechip NFT holders and participants in the Celestia, Ethereum, Solana, and Cosmos ecosystems in the process! What should you do with your free DYM?

Dymension’s launch was anything but perfect, with Chorus One’s bad validator controlling over one-third of DYM staked, preventing the chain from coming to consensus and causing chaos on Crypto Twitter during the early hours of mainnet.

So @dymension Mainnet is live, none of the validators can reach consensus because there is a bad validator in the set, Chorus One, with 34.8% of the staked tokens delegated to it. pic.twitter.com/CANQQExHjC

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.