The Celestia crypto project is a modular consensus and data network that makes it easy for anyone to deploy their own blockchain with minimal effort and cost.
The main goal of this project is to scale Web3 innovations in the next decade.
After conducting its own research and analyzing many real-life reviews of Celestia, CoinLaunch can conclude that there has been no fraudulent behavior or involvement in any controversial situations with this project.
Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
Established in 2019, Celestia is actively revolutionizing blockchain architecture through the use of modular blockchain networks, an approach they apply to significantly streamline the deployment and scalability of blockchain systems.
The technology, just as transformative as Ethereum Layer 2s and Zero Noage technology, has already garnered an impressive $56.5 million in funding through both the seed round and series A&B rounds. The project has already secured funding from numerous funds and angel investors, with prominent names including Binance Labs, Interchain Foundation, Bain Capital Crypto, and Polychain Capital as the lead investors.
Celestia's expanding ecosystem is drawing in projects from various sectors of the cryptocurrency world, encompassing 26 projects as part of the Modular Fellows program, providing support and mentorship to modular builders.
The project’s native token, $TIA, is designed to secure the ecosystem via proof-of-stake and pay transaction fees on the network. In the future the token will incorporate a fee burn mechanism (similar to Ethereum), where burnt fees will counterbalance the creation of new tokens as the network garners wider adoption.
Celestia Genesis Drop is an airdrop of 60 million TIA tokens (6% of entire supply) to 7,579 developers and 576,653 users from Ethereum rollups, Cosmos Hub, and Osmosis ecosystems. The airdrop is designed to incentivize and encourage users to join and actively participate in the building of the Celestia community.
⅓ of the airdrop will be distributed to developers who have contributed to Celestia or other modular DA layer projects. The remaining ⅔ of the airdrop will be distributed to users who are active on Ethereum rollups, Cosmos Hub, and Osmosis.
To claim the airdrop, users must visit the Celestia Genesis Drop website and connect their wallet. The airdrop claiming period will conclude on October 17, 2023
Celebrate the TIA listing on Bybit & share a reward from 50,000 USDT prize pool!
The event starts after TIA is listed on Bybit and ends on Nov 14, 2023. To participate, users need to accumulate a Spot trading volume of at least 100 USDT worth of TIA during the event period.
The detailed rewards distribution:
Top 1: 1000 USDT
2nd-4th: 500 USDT
5th-10th: 200 USDT
11th-100th: 100 USDT
101st-1000th: 25 USDT
Even if you do not place in the top 1000, you could still qualify for a participation reward from the 15,000 USDT prize pool, which will be distributed on a first-come, first-served basis.