Nim Network, the first project in the Dymension Blockchain ecosystem, has officially launched its airdrop for loyal DYM users.
Reports suggest that approximately 90 million NIM, accounting for 9% of its total supply, has been allocated to users who stake DYM on the Blockchain Dymension platform.
Nim Network Launches Airdrop
Nim Network is the first decentralised application (RollApps) in the Blockchain Dymension ecosystem.
Dymension itself is a modular blockchain that is relatively young, not yet six months old. Consequently, there haven’t been any applications built on it as it was just launched earlier this year.
Dymension gained prominence after conducting an airdrop of its coin, DYM, where investors interacting with the Dymension ecosystem, such as through Celestia, could receive this allocation.
Following the distribution of DYM, many users rushed to stake DYM to receive additional airdrop benefits.
The good news is that staking efforts are not in vain. Besides earning passive income, stakers also receive airdrop allocations from the first project in their ecosystem, NIM.
Nim Network is built on the Dymension blockchain but will primarily focus on AI Gaming. This means the blockchain will be used to develop games incorporating Artificial Intelligence (AI).
Its coin will serve as a transactional tool within its network, including for paying gas fees. To generate interest in its network, the Nim Network team initiated an airdrop by distributing around 90 million NIM, roughly 9% of the total NIM supply.
This airdrop commenced on March 21, 2024, and can be claimed directly through the website specified in the tweet above.
However, caution is advised against scams, as during airdrop periods, there can be numerous fraudulent claiming sites that may attempt to steal funds from wallets.
Claiming the Airdrop
To avoid scams, ensure that the website used is the one mentioned in the tweet above. When visiting the site, ensure it matches the image provided below.
Before commencing the claiming process, note that NIM claiming can only be done within approximately two weeks, so ensure you check before the deadline expires.
The deadline can be viewed on the Nim Network airdrop claim site itself, as depicted in the image above.
Once on the site, there are only three steps to claim NIM coins. The first step is to agree to the terms by checking the box and clicking the continue button.
The next step is to enter the wallet address that can be used on the Blockchain DYM or connect the wallet to the site.
It’s important to use the wallet that was previously used for staking DYM because using a different wallet will not allocate any airdrop benefits.
After connecting or entering the wallet address, the final step is to claim the NIM coins if an allocation is received.
Currently, individual allocations per wallet are around 50 to 52 NIM, but there is a possibility that one person may use multiple wallets or receive higher allocations for higher stakes.
To ascertain this, it’s best to connect your wallet or enter the wallet address on the site to determine the received allocation.
Note that NIM has not yet been launched, so after receiving the airdrop, NIM cannot be immediately liquidated or sold. Instead, it will be automatically sent to the registered wallet to receive the airdrop. NIM currently does not have a value, so there is no estimation of its current price.
Considering the success of DYM, it’s advisable for NIM recipients to hold onto their coins rather than selling immediately, as there’s a possibility that its value could rise further.
However, recipients should not have excessive expectations, as market conditions will ultimately determine its price trajectory.
If the market remains negative, the likelihood of NIM’s value increasing is minimal. However, in the long term, if the project is successful and many games are built on it, there’s a chance that its value could rise significantly.
