Modular Blockchain Celestia has announced its highly anticipated first airdrop. The altcoin community is very excited about this development. A total of 60 million of Celestia’s native token, TIA, is reserved for airdrop. This constitutes 6% of the total amount.
This massive airdrop covers 7,579 developers and 576,653 on-chain addresses. Participants can request their TIA before 20:00 Beijing time on October 17, 2023. Celestia has adopted a remarkable strategy for airdrop distribution.
Starting today, 7,579 developers and 576,653 onchain addresses will have the opportunity to join Celestia from the first block.
Eligible participants can claim up to 60M TIA, the native asset of Celestia, until 17 October 2023, 12:00 UTC.https://t.co/X11DVJpPSS
— Celestia (@CelestiaOrg) September 26, 2023
A portion of 20 million of TIA was allocated to 7,579 developers. This group includes public products, key protocol infrastructure, and Eth Research. Projects such as Avail, EigenLayer and Solana, which contribute to the modular DA layer, are also within this scope. The remaining 40 million altcoins will be shared among 576,653 on-chain addresses. These addresses include the most active users of Ethereum rollups, Cosmos Hub and Osmosis stakers, and IBC streamers.
TIA plays a critical role in the development of Celestia’s first modular blockchain network
Developers use TIA to guarantee data availability. PayForBlobs transactions processed on the Celestia network are the lifeblood of the ecosystem and are paid in TIA. The September 26 report confirmed the airdrops were online. This is an important step in the altcoin community. Celestia’s native asset, TIA, is charged as a fee on transactions submitted by rollup developers.
All in all, this airdrop of Celestia is a significant event in the altcoin world. It offers ample opportunities to both developers and active users. This represents a new step in the evolution of blockchain. Celestia remains committed to adding value to its users and developers.
How does TIA’s outlook differ from its altcoin rivals?
TIA is a key part of how developers developed the first modular data availability network. To use Celestia for data availability (DA), aggregation developers send PayForBlobs (PFB) transactions on the network for a fee in TIA. The altcoin is currently trading around $0.002339. cryptokoin.com We have included other important airdrop news of the week in this article.