Celestia Mainnet Launch and TIA Token Listings: What You Should Know. 👀
Celestia's Mainnet Launch:
Celestia, a modular blockchain network with a focus on data availability, is set to launch its mainnet on October 31 at 14:00 UTC. This is an eagerly awaited event in the crypto community.
TIA Token Price Surge:
In anticipation of Celestia's mainnet launch, TIA, its native token, has surged on Helix, the decentralized derivatives exchange, from $3.15. Such price increases often precede significant project events.
Trading Volume and Liquidity:
While the price of TIA has risen, the trading volume on Helix remains relatively low, with only about $3,000 in daily TIA trading. However, liquidity is expected to improve significantly once TIA gets listed on centralized exchanges.
Major Exchange Listings:
Binance, the largest crypto exchange, will list TIA at 16:00 UTC, while KuCoin and Bybit plan to enable TIA trading at 14:00 UTC, introducing TIA/USDT pairs for trading against the US dollar.
Airdrop for Active Users:
Celestia's mainnet launch will have a 60 million TIA token airdrop, equal to 6% of the total supply, for active users on Ethereum Layer 2, Cosmos Hub validators, Osmosis Liquidity Providers, and open-source developers. The snapshot for eligibility was on January 1.
Celestia's Vision:
Celestia, founded in 2019, is building a modular blockchain with data availability and execution engines. They've secured $55 million from prominent Venture Capitals and focus on sharing transaction data across blockchains to lower decentralized app development costs.
Mainnet Beta Launch:
The mainnet launch is called "Mainnet Beta," and while it might have occasional instability and reduced performance, the team is dedicated to improving it based on community feedback.
Future Developments:
The company is set to enhance its mainnet with data storage reduction, Ethereum Mainnet integration, and light node support, marking a critical test for the token in public markets.
