Celestia’s Mainnet and TIA Token Trading to Commence Tomorrow – Here’s What You Need to Know

Ethereum
Last updated:
Author
Hongji Feng
Author Categories
About Author

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Cryptocurrency
Source: Pixabay / WorldSpectrum

The Celestia mainnet, the first modular data availability network, is set to launch tomorrow (14:00 on October 31 UTC). This will also release its native token TIA for trading with an airdrop of 60 million tokens, 6% of the tokens in circulation, for active users on Ethereum Layer 2s Cosmos Hub, and Osmosis, making it one of the biggest airdrops seen in 2023.

The snapshot of the airdrop was taken on January 1, 2023.

The Block confirmed the Celestia network’s launch date and time, as Celestia’s GitHub repository also indicated its launch timeline.

Binance, KuCoin, and Bybit announced that they would kick off the trading for Celestia (TIA) tokens with a TIA/USDT pair following its official launch.

Celestia Tokens
Source: Celestia

Celestia introduces a unique approach by solely focusing on arranging and sharing transactions, unlike conventional networks that also execute these transactions. This distinctive feature creates a division between the consensus on transactions and their actual execution.

By redesigning the fundamental architecture of blockchain, Celestia aims to reduce the cost of developing decentralized applications. Thus, the simplified framework presents a more accessible and cost-effective platform for innovators in the industry.

The network also anticipates community-generated content post Celestia’s launch. The additional features and improvements that may come include support for pruning historical blob data to reduce node storage requirements, a “partial node” type for light nodes that verify the Celestia L1 state transitions, and the Blobstream deployment to Ethereum Mainnet for Layer 2s to use Celestia.

In October 2022, Celestia Labs raised $55 million in a funding round led by Bain Capital Crypto and Polychain Capital.

More Articles

Blockchain News
SEC Acknowledges Spot Solana ETF Filings from Canary, VanEck, Bitwise, and 21Shares
Hassan Shittu
Hassan Shittu
2025-02-12 00:29:24
Blockchain News
Crypto Custodian BitGo Eyes IPO in H2 as Regulatory Support Strengthens: Report
Tanzeel Akhtar
Tanzeel Akhtar
2025-02-11 23:30:45
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors