TIA(Celestia) Project Analysis
1. Institute Review
This airdrop targeted a whopping 560,000 addresses. Celestia currently supports 13 different blockchain networks. It received lead investment from Binance Labs and is expected to be listed on Binance, which has generated a lot of buzz on Twitter. The project has a good reputation among users who did not participate in airdrops.
2. Recent breakout points
Celestia announced the launch of its genesis airdrop, distributing a total of 60 million TIA tokens, which accounts for 6% of the total supply. The claim period ended on October 17th at 20:00 Beijing time. One-third of the airdrop allocation went to 7,579 developers, including public product and critical protocol infrastructure contributors, Eth Research, and contributors to the modular DA layer (such as Avail, EigenLayer, and Solana). Two-thirds of the airdrop allocation went to 576,653 on-chain addresses, including 20 million TIA distributed to the most active users of Ethereum rollups, 20 million TIA for Cosmos Hub and Osmosis stakers, and IBC relayers.
3. Project introduction
Celestia is a modular consensus and data availability layer that allows anyone to deploy their own blockchain without the need to launch a new consensus network.
4. Token role
The token serves purposes in staking, governance, and voting.
5. Token economic model
Initial total supply at genesis: 1,000,000,000 TIA
Initial core contributors: 17.6%
Research and ecosystem: 26.8%
A&B institutions: 19.7%
Initial core contributors: 17.6%
Seed: 15.9%
Other: 20%
6% will be distributed to developers and on-chain users through the genesis airdrop.
Inflation schedule: 8% in the first year, decreasing by 10% each year until reaching a minimum annual inflation of 1.5%.
6. Project Highlights
This airdrop targeted a whopping 560,000 addresses, and Celestia currently supports 13 different blockchain networks. The lead investment from Binance Labs and the expectation of being listed on Binance have generated a lot of buzz. The project has a good reputation on Twitter.
7. Investment institutions
Celestia has completed two rounds of fundraising, raising a total of $56 million. The seed round was led by Binance Labs and Coinbase, while the institutional round was led by Polychain Capital. A total of 20 investment institutions participated in these rounds.
8. Community
Celestia has over 180,000 followers on Twitter and more than 150,000 members on Discord.
9. Special economic model
None mentioned.
10. Future Outlook
Celestia is an innovative and forward-looking project that combines blockchain technology and data science to provide users with an efficient, reliable, and powerful investment and insurance platform. Celestia not only allows users to enjoy the convenience and value brought by digital currency derivatives but also enables users to earn profits through liquidity mining and staking, thus achieving wealth sharing. Celestia plans to expand its supported blockchain networks, introduce more features and services, and continuously optimize its technology and user experience to become a leader in the blockchain derivatives field.
Basic information
About TIA
Project Introduction: Celestia is a modular consensus and data availability layer that allows anyone to easily deploy their own blockchain without the need to launch a new consensus network.
Full Name: Celestia
Token Name: TIA
Project Website: https://celestia.org/
Project Documentation: https://docs.celestia.org/developers/node-tutorial/
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CoinW Institute
2023/11/2