Dymension
Crypto Overview
Project Overview
Dymension is a Layer-1 blockchain platform launched in January 2024 that enables the creation of modular blockchains called RollApps (application-specific rollups). The platform aims to simplify blockchain deployment and scaling through its unique RollApp architecture.
Intended Purpose and Utility
DYM serves multiple utilities within the Dymension ecosystem: It's used for transaction fees, validator staking, and governance of the protocol. The token is essential for securing the network through its proof-of-stake mechanism and for participating in protocol decisions.
Business Model and Development
The project focuses on providing infrastructure for developers to create their own blockchain applications efficiently. The team maintains active development, with regular updates to the protocol and tools for RollApp deployment. The business model revolves around facilitating blockchain deployment and scaling solutions, which aligns with halal principles as it provides genuine technological utility.
Token Distribution and Governance
The total supply of DYM is 1 billion tokens. The distribution includes allocations for the community, team, early backers, and ecosystem development. Team tokens are subject to a vesting schedule to ensure long-term alignment with the project's success.
Current Usage and Adoption
Since its launch, Dymension has seen significant adoption with hundreds of RollApps deployed on the network. The platform has attracted developers and users interested in creating and using application-specific blockchains.
Revenue Model Analysis
The primary revenue streams come from transaction fees and network usage, which are permissible under Islamic finance principles as they represent payment for actual services and infrastructure usage.
Crypto Impact
To assign a comfort level investing in Dymension from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Dymension.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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