Dymension Launches Incentive Testnet Froopyland, Will Reward 10 Million DYM

On August 23, Dymension, a modular blockchain network, announced the launch of its incentive testnet, Froopyland, for the deployment of the unlicensed IBCRollApp. In the future, 1% (10 million tokens) of the total DYM genesis supply will be allocated to the three-month Froopyland incentive testnet. Of this, 10% of the rewards will be allocated to RollApes (1 million tokens), 10% to users (1 million tokens), 40% to validator nodes (4 million tokens), and 40% to RollApp deployers (4 million tokens).

Previously, in February 2023, Dymension, a modular blockchain network using Cosmos and Celestia technology, completed a $6.7 million seed round of financing, led by BigBrain Holdings and Stratos.

Cosmos $4.26

-1.28%

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