The most recent event that has attracted widespread attention is the listing of the new currency TIA (Celestia). The core goal of the Celestia project is to address the issue of blockchain expansion. v: imxx778 Although similar solutions already exist on the market, perfect results have not yet been achieved. As blockchain technology continues to develop and advance, this is a challenge for Celestia, but it may also contain potential opportunities. #TIA
TIA is an ATOM derivative token in the Cosmos ecosystem. It has officially announced that it will conduct airdrop rewards for many active wallets on the old chain. I myself also participated in the ATOM ecological project and pledged ATOM tokens, so I am also eligible to receive airdrop rewards.
TIA Token Economics
The total supply of Celestia tokens is 1 billion, with an initial circulating supply of 141 million, making it a project with a relatively small supply. Similar to other POS chains, TIA tokens can be used to pay gas fees, participate in governance, and support the operation of the chain. Celestia is classified as a public chain project, which means it has extensive future development potential. Currently, Celestia is already working with multiple partners within the ecosystem, and many other projects are also waiting to be launched.
Celestia recently successfully raised $56.5 million in funding, and it is estimated that its listing price will be between $3-5. From an investor's perspective, if the listing price is below this range, it may provide a bargain hunting opportunity, but if the price exceeds this range, one needs to remain vigilant about the risks. We expect Celestia’s listing price to start at a reasonable price to avoid investors being adversely affected in the early stages, while also helping to eliminate institutional financing bubbles in the bull market and provide more people with opportunities to enter the market.
The listing of Celestia has had a significant impact on the Cosmos ecosystem, with some top projects experiencing rising prices. In particular, JUNO performed well, followed by OSMO. In addition, OSMO’s team has taken a series of initiatives, including introducing taker fees, implementing CL, optimizing incentive plans, and rapidly advancing liquidity, which have provided strong support for its performance.
This also means that the dYdX project is expected to become more active.
Today, in addition to Celestia, the Starknet project also announced the Early Community Membership Program (ECMP), which aims to distribute 50 million STRK tokens to community members, including contributors in technical and non-technical fields.
If you have ever posted Starknet-related content on social media, this is an opportunity for you to try applying for this program. You'll choose a personal type, organize your past social media content, provide a summary, and include links. The application deadline is November 23rd, so if you submit your application before the deadline, you have a chance to be involved. Keep in mind that while there is no guarantee that you will be successful if you apply, you definitely have no chance if you don’t apply.
Starknet has attracted much attention as an outstanding representative of the second-layer network, and its fundraising is also quite strong. Once officially launched and tokens are issued, it is expected to become a project with a market value of $10 billion.
Breaking news: Telegram bot leadership project Unibot suffered a hacker attack, luckily the damage was limited and funds have been temporarily withdrawn.
I am optimistic about the telegram robot field because it is highly consistent with the current blockchain market needs. If further optimization can be done in terms of user front-end experience and security, I believe it will have broad development prospects in the bull market.
My point is that Celestia’s genesis airdrop and the launch of the TIA token fully demonstrate the potential of modular blockchain technology to advance the development of the blockchain ecosystem and encourage community participation. By providing a modular data availability layer and a flexible token economic model, Celestia not only provides developers with a powerful and flexible blockchain platform, but also provides attractive incentive mechanisms for users and ecosystem participants.
However, as the multi-chain ecosystem continues to grow, competition among public chains is becoming increasingly fierce. Many powerful institutions and exchanges hope to create their own public chains. This raises the question of how to coordinate among numerous public chains and convince them to use Celestia’s data layer services. In addition, we also need to seriously think about a broader question, that is, does the blockchain world really need so many public chains?
In recent times, the craze for launching new public chains seems to have weakened, and many public chains have the problem of not having real users. This raises some important questions, including how to ensure the security and reliability of modular blockchains at a technical level, and how to effectively manage and coordinate interactions between different modules and protocols. More importantly, how to cooperate with many public chains to attract real users is the main challenge that Celestia needs to address and solve.
