The highly-anticipated Celestia mainnet is set to go live, marking a significant milestone for the modular blockchain network.
Alongside the mainnet launch, Celestia introduces its native token, TIA, which will become available for trading on leading centralized exchanges.
KuCoin and Bybit have both confirmed plans to commence TIA token trading around 10 a.m. EST, paired with the USDT stablecoin.
Additionally, Binance is expected to list TIA and open trading at 12 p.m. EST. These exchange listings signify increased accessibility and liquidity for TIA, likely attracting more investors and traders to the ecosystem.
Celestia Has Allocated 60 Million TIA Tokens for an Airdrop
Distributed to active users on Ethereum Layer 2s, stakers on Cosmos Hub and Osmosis, and developers within the broader cryptocurrency space.
The airdrop’s snapshot was taken on January 1, 2023, and it represents approximately 6% of the total token supply.
Celestia’s unique design as a modular network differentiates it from monolithic Layer 1 blockchains like Ethereum and Solana. This modularity simplifies the process of creating new blockchains on its platform.
The architecture enables nodes to reach consensus on transactions in parallel across chains, executed off-chain, and verified through a system of fraud and data availability proofs.
In October 2022, Celestia Labs raised an impressive $55 million in a funding round led by Bain Capital and Polychain, giving the project a valuation exceeding $1 billion.
The news mentions that Bybit, a trading platform, offers an opportunity for TIA staking on its platform. This is significant as Bybit is a popular platform in the cryptocurrency space, and by enabling TIA staking, it expands the token’s accessibility and exposure to a wider audience.
Additionally, Bybit announces events such as “Trade to Earn” and “Refer to Earn” that offer additional rewards to users who trade or attract new users to its platform. These events promote the adoption and use of TIA.
This substantial backing underscores the growing interest in Celestia and its vision for a more adaptable and scalable blockchain infrastructure.
With the imminent launch of the mainnet and TIA’s debut on major exchanges, Celestia appears poised to make a significant impact on the blockchain landscape, offering a modular, efficient, and developer-friendly solution for the creation of new blockchains.
