A brand new altcoin rose more than 96% in the past three days after its mainnet went live earlier this week.
Dimension (DYM) is a layer 1 blockchain that aims to serve as a network for ‘RollApps’, which the project defines such as fast modular chains that work for games, decentralized finance (DeFi) protocols and non-fungible tokens (NFTs).
Say the project,
“Dymension was conceptualized two years ago as a monumental vision of adding a new dimension (Y-axis) to the Interchain by building a modular internet of rollups. Today, with the first block and the birth of Dymension, a new chapter of blockchains begins…
Dymension’s vision of the Internet of RollApps exponentially accelerates the Interchain for everyone from solo developers in garages to established teams, bringing crypto back to its roots. Enabling everyone to build their own chain and connect it to the crypto economy.”
The project launched its first block and native token on Tuesday morning. The token, DYM, has already done that become it ranks 65th by market cap and is trading at $7.75 at the time of writing, up from $3.95 at launch.
Binance immediately rolled out trade support for DYM on Tuesday. The top global crypto exchange has a start tag attached to the asset, which often applies to projects with lower liquidity that can exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with Seed tags to take quizzes every 90 days to ensure they are aware of the risks before trading the tokens.
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Generated image: Midjourney