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Major cryptocurrency exchange Binance has announced it will list a new project called Dymension (DYM), aimed at enhancing the usability and economic sustainability of crypto applications.
Binance to List Dymension (DYM) Under “Seed Label”
Binance recently revealed that it will list Dymension’s DYM token under the “Seed Label,” a network consisting of a deployable, lightning-fast modular Blockchain called RollApps.
Binance will open trading for DYM in spot market pairs DYM/BTC, DYM/USDT, DYM/FDUSD, and DYM/TRY. The listing will occur today at 18:00.
For users preparing to trade the altcoin, deposit operations for DYM have been initiated, while withdrawal operations will start on February 7 at 18:00 local time.
What is Dymension (DYM)?
Dymension is a Layer 1 Blockchain network built on the Cosmos SDK toolkit and connected to the Cosmos ecosystem via the IBC bridge. The network has a modular Blockchain structure that allows for the upgrading and maintenance of each part of the system.
The Altcoin project came into the spotlight after announcing a $6.7 million investment from major investors such as Big Brain Holdings, Stratos Technologies, MatchboxDAO, and Shalom Meckenzie on February 9.
