1. About Celestia and TIA tokens:

  1. Celestia is a modular blockchain based on CometBFT and Cosmos SDK, using a proof-of-stake mechanism.

  2. Celestia supports in-protocol delegation and will initially have 100 validators.

  3. TIA is the native token of Celestia. Staking TIA can obtain staking rewards, and the verifier can charge a certain fee to the delegator to obtain part of the staking rewards.

2. The utility of TIA tokens and token economics:

TIA tokens have multiple uses within the Celestia ecosystem, including staking rewards, validator fees, and possible other uses.

  1. Token economics rules will determine the operation of TIA token supply, inflation mechanism, governance rights, etc. These rules will have a significant impact on Celestia’s ecosystem.

3. Objects and standards of the Genesis airdrop:

The Genesis Airdrop will be open to different categories of participants, including 7,579 developers, 576,653 on-chain addresses on Ethereum Rollups, Cosmos Hub and Osmosis, covering developers, ecological project contributors, ordinary users and stakers, etc.

  1. The Genesis Airdrop will distribute TIA tokens to these addresses to promote broad participation and growth in the Celestia ecosystem.

  2. The specific standards and details of the Genesis Airdrop may be announced later to ensure fair and reasonable distribution.

4. The main uses of TIA tokens include:

  1. Data availability network construction: TIA is an important part of building a modular data availability network. Developers submitting PayForBlobs (PFB) transactions on the Celestia network are required to pay TIA as a fee to achieve data availability.

  2. Gas Token: Similar to how Rollups on Ethereum use ETH as the Gas Token, developers can choose to use TIA as the Gas Token to quickly launch their chain. This allows developers to focus on the creation and execution layer of the application without immediately issuing their own tokens.

  3. Staking and network governance: Celestia is a permissionless network built with the Cosmos SDK, using a proof-of-stake mechanism to ensure consensus. Any user can help maintain the security of the network by delegating their TIA to a Celestia validator to receive a portion of the validator’s staking rewards. TIA also allows the community to participate in Celestia’s decentralized governance from day one of the network’s launch, including voting on network parameters and managing community pools.

  4. Community Pool: Celestia’s community pool will receive 2% of all block rewards. TIA holders can vote to spend TIA from the community pool to fund ecosystem initiatives and projects.

5. TIA token economics

The total supply of TIA is 1 billion, and the specific distribution method is:

  • 20% is publicly allocated (7.4% is allocated for the genesis airdrop and incentivized testnet, and 12.6% is allocated for future incentives), which is fully unlocked when released;

  • 26.8% allocated to the Celestia Foundation and core developers for research, development, and ecosystem initiatives (25% unlocked at launch, remaining 75% unlocked from years 1 to 4;

  • 15.9% allocated to early seed investors (33% unlocked in year 1, remaining 67% unlocked from years 1 to 2);

  • 19.7% allocated to early stage investors in Series A and B (33% unlocked in Year 1, remaining 67% unlocked from Years 1 to 2);

  • 17.6% allocated to initial core contributors (33% unlocked in year 1, remaining 67% unlocked from years 1 to 3).

The TIA inflation rate starts at 8% per year and decreases by 10% per year until it reaches the long-term issuance rate of 1.5%. The exact annual inflation rate is shown in the chart below.

In terms of token releases and supply changes, Celestia’s 1 billion TIA supply at genesis will be subject to several different unlocking schedules. All locked or unlocked tokens can be staked, with staking rewards unlocked upon receipt.

6. Key points of Celestia Creation Airdrop:

  1. The Genesis Airdrop will be distributed to 7,579 developers and 576,653 on-chain addresses on Ethereum, Rollups, Cosmos Hub, and Osmosis.

  2. The deadline for claiming airdrops is October 17, 2023, at 20:00.

  3. After the Genesis Airdrop ends, unclaimed tokens (up to 45 million TIA) will be distributed to developers and accounts that have submitted addresses.

  4. Users in the United States or other prohibited jurisdictions cannot claim the airdrop.

(1) Research and public product distribution (a total of 6 million TIA):

Research and public products are divided into protocol public products and infrastructure (4.6 million coins) and the Eth Research community (1.4 million coins).

  1. Eligibility criteria for protocol public goods and infrastructure include contributors to protocol public goods and infrastructure, Celestia contributors and dependencies, and contributors to EIP and BIP.

Eth Research forum member allocation (1.4 million TIA):

Celestia will also allocate 1.4 million TIA to members of the Eth Research Forum. The specific eligibility criteria are users who create at least 1 topic or 1 post on the Eth Research Forum before July 5, 2023, excluding Celestia Labs team members and consultants.

(2) Early modular ecology (14 million pieces)

Celestia will distribute 8.35 million TIA to contributors from organizations in the Celestia ecosystem, public contributors from organizations participating in Modular Summits 1 and Modular Summits 2, and participants in Group 1 of the Celestia Modular Fellows Program (Also excluded are Celestia Labs team members and consultants).

An additional 5.65 million TIAs will be allocated to Github Super Contributors with a total of at least 4 commits across all eligible repositories, with additional TIAs allocated to a total of at least 23 in research and public products and early modular ecosystem standards. Contributors of commits.

(3) Early adopter reward points:

  1. Early adopters will receive 20 million TIA as rewards.

  2. Rewards will be distributed to the top 50% active users of the top 10 Ethereum Rollups ranked by TVL (Total Locked Value) on L2Beat.

  3. The snapshot time is January 1, 2023 (Ethereum block 16308181).

Eligible Ethereum rollups include:

  • ON Mainnet

  • Decision One

  • A new decision

  • Starknet

  • zkSync Lite

  • dYdX (StarkEx)

  • Immutable (StarkEx)

  • SoRare (StarkEx)

  • Loopring

  • Metis Andromeda

Determine a user’s on-chain activity level:

Genesis Drop will distribute points for on-chain actions on Ethereum and all eligible Rollups.

  • Specific considerations include interactions with smart contracts and applications, holding ENS domain names, donations to Gitcoin, gas spent, and recent transactions.

This part of the airdrop objects excludes Hop's witch list, Hop's transaction/relay blacklist, OP airdrop#1witch filter, and Ethereum and Ethereum that Trusta Labs determines are likely to be witches based on its identification of on-chain cluster behavior and asset transfer methods. Rollup address.

(4) Cosmos Hub and Osmosis staker and delegator rewards:

  1. Celestia will allocate 18.5 million TIA to Cosmos Hub and Osmosis stakers and delegators (each account has a minimum stake of $75).

  2. Invite them to join Celestia and participate in securing and managing the network.

  3. The snapshot occurred before January 1, 2023, at Cosmos Hub block 13482205 and Osmosis block 7592794.

Distribution indicators:

Allocation metrics are evaluated according to the Cosmos/Osmosis scoring methodology, based on the MEDIA scoring framework adapted from Trusta Labs.

  • Evaluation criteria include the last transaction time, number of IBC transactions, total value of all transactions, account age, gas consumed, etc.

IBC repeater rewards:

Celestia will also allocate 1.5 million TIAs to IBC relayers.

  • Criteria for receiving rewards are addresses that conduct MsgRecvPacket transactions before January 1, 2023.