Dymension ($DYM) Token Staking Guide: 1000+ Airdrop Guide!
Dymension ($DYM) consists of a rapidly deployable, high-speed modular blockchain network known as RollApps. The project just completed an airdrop, and people who just staked 1 Celestia ($TIA) token could get thousands of Dymension ($DYM) tokens! However, even if you don’t get the Dymension ($DYM) token airdrop, it’s still a good idea to secure some tokens for staking. This is to ensure that, like Celestia, you are positioned to receive more airdrops in the future! Here is our Dymension ($DYM) token staking guide for more airdrops!
Check out our Dymension ($DYM) token staking guide!
And check out our other videos on other airdrop rewards available to Dymension ($DYM) stakers. here.
What is Dimension ($DYM)?
Dymension is a groundbreaking blockchain network featuring modular blockchains known as RollApps. These RollApps act as frontends and provide users with a platform for a variety of applications, including gaming, decentralized finance (DeFi), and NFTs. At the heart of its operations is the Dymension Hub, which is similar to a backend server that coordinates network activity, manages requests from RollApps, and ensures cohesive functioning within the ecosystem. Dymension integrates a data availability network with Celestia in its architecture, paralleling the role of a database in a traditional web setup. These networks improve efficiency and adaptability by providing temporary data storage. The Dymension RollApp Development Kit (RDK), based on the Cosmos SDK, complements this architecture. The kit facilitates the creation of RollApps by providing essential tools and pre-built modules to enable developers to efficiently build and deploy applications using their own client and server components. Dymension differentiates itself through its innovative consensus mechanisms and interoperability features. RollApps delegates the consensus process to Dymension Hub, which maintains network integrity and manages state root updates. This delegation allows for fast transaction processing and high transaction throughput. Additionally, the network design promotes seamless interoperability within the Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol, creating a connected and collaborative ecosystem.
How to stake Dymension ($DYM) tokens for more airdrops
necessary time: 15 minutes.
Here is a guide on how to stake Dymension ($DYM) tokens for more airdrops:
- Get Dymension ($DYM) tokens
Claim Dymension ($DYM) tokens. If you missed the airdrop, you can purchase Dymension ($DYM) tokens on exchanges such as Bybit.
Register your Bybit account here!
- Connect to Dymension Portal
Connect your wallet (MetaMask, Leap, Trust or Keplr wallet) to the Dymension portal (https://portal.dymension.xyz/dymension/stake). Also follow the steps to add the Dymension network to your wallet.
- Select a validator to delegate your Dymension ($DYM) tokens to.
Select a validator to delegate your Dymension tokens to. Avoid choosing validators associated with centralized exchanges. The validator will have the name of the exchange. We recommend delegating your Dymension ($DYM) tokens to ValiDAO validators, as we have announced an airdrop of ValiDAO ($VDO) tokens to all addresses that delegate $DYM to validators!
We also recommend delegating Dymension ($DYM) tokens to Enigma and Frens validators. Basically, it is recommended to delegate Dymension ($DYM) tokens to validators that use their own DAO. This is because validators are likely to create their own DAO tokens and airdrop them as rewards.
- Dymension ($DYM) token delegation
After selecting your validator, click “Stake”, select the amount of $DYM you want to stake, then click “Stake”. When you stake, your tokens are locked for 21 days. To regain access to staked tokens, you must go through the de-staking process.
- Track your validators
Track announcements from validators who have delegated $DYM. Follow our Twitter, Discord, and Telegram pages for announcements about additional airdrops.
- See if you’re eligible for the NIM Network airdrop
The NIM Network announced that all $DYM token holders can claim The Nim Genesis Drop, up to 50 million $NIM (i.e. 5% of the total supply). You can check if you are eligible for the $NIM airdrop by visiting https://claim.nim.network/ and entering your Dymension wallet address. If you qualify, your $NIM tokens will automatically be airdropped to TGE’s Dymension wallet.
- Stay updated on potential Aigisos ($AIG) airdrops
Aigisos ($AIG) is a security-focused RollApp that was selected by Microsoft as a startup. The team confirmed that 12% of $AIG’s supply will be airdropped to $DYM token holders via Genesis RollDrop. $AIG tokens will be distributed during Aigisos genesis block mining, expected in the first half of 2024. Details have not been released yet. So, follow Aigisos on Twitter to get the latest airdrop news.
- Rivals Network ($RIZ) Galxe work completed
Rivals Network ($RIZ) is an AI-powered data source DePIN RollApp built on Dymension and powered by Celestia. The team has already confirmed that it will hold $RIZ tokens and is likely to conduct a token airdrop. Because Rivals Network ($RIZ) has a Galxe page where you can create OATs by completing various social tasks.
- Check Dogmond($DGM) airdrop eligibility
Dogmond ($DGM) is a memecoin similar to ChihuahuaChain ($HUAHUA). However, rather than being built on blockchain, Dogmond is built on RollApp powered by Dymension. Dogmond confirmed that 40% of the token supply will be allocated to $DYM stakers as a reward for their contribution to network security and participation. You can check your eligibility by pasting your wallet address. here.
Frequently Asked Questions (FAQ)
The reason we recommend the ValiDAO validator is because we announced an airdrop of ValiDAO ($VDO) tokens to all addresses that have delegated $DYM to the validator.
The best Dymension validators are those that have their own DAO. This is because they will likely create their own DAO tokens and airdrop them as rewards. To get the latest news about airdrop announcements, we recommend you follow their social media channels closely.
The amount of Dymension ($DYM) tokens to stake for the airdrop depends on the validator. Each validator has their own airdrop eligibility criteria.
