Celestia, the innovative modular blockchain network, is preparing for an important milestone: the launch of its mainnet. This exciting development coincides with the launch of its native token: TIA, which will soon be available for trading on several centralized cryptocurrency exchanges.
Two prominent exchanges, KuCoin and Bybit, have announced plans to start trading for Celestia’s TIA tokens at 10 AM ET. m. EST approximately. Binance has also confirmed its intention to list TIA, with a tentative trading start date of 12 p.m. m. ITS T.
This move demonstrates the growing interest in Celestia and reflects the industry’s recognition of its potential.
CELESTIA HAS ALLOCATED 60 MILLION TIA TOKENS FOR AIRDROP
This distribution will benefit active users on Ethereum Layer 2, stakers on Cosmos Hub and Osmosis, and developers in the broad crypto space.
News for the airdrop emerged on January 1, 2023 and is scheduled to provide 6% of the total TIA token supply.
What distinguishes Celestia from traditional Layer 1 blockchains, such as Ethereum and Solana, is its modular design. This unique approach simplifies the process for developers to create new blockchains using its platform.
Nodes within the Celestia network reach consensus on parallel transactions on multiple chains, executed off-chain. These transactions are further verified through a system of fraud testing and data availability.
This visionary project received a significant boost in October 2022, when Celestia Labs secured $55 million in financing.
The project’s valuation exceeded $1 billion in a financing round led by renowned investors such as Bain Capital and Polychain. This substantial backing underlines the potential of the project and the high expectations surrounding it.
For cryptocurrency enthusiasts, Bybit Launchpool offers the opportunity to stake TIA tokens and earn a share of 25,000 TIA until November 14, 2023 at 10 AM ET. m. UTC.
Additionally, there are special events with a total prize pool of 50,000 USDT and 3,000 TIA, including trading competitions and referral programs, designed to engage users in the Celestia ecosystem.