Celestia Announces Genesis Airdrop: 60 Million TIA Tokens

• Celestia, the first modular data availability network, has announced a Genesis Drop of its native asset, TIA.
• The airdrop will distribute a whopping 60 million TIA tokens, constituting 6% of the entire supply.
• The airdrop is aimed at incentivizing participation in the Celestia community.

In a strategic move to build the first modular data availability network, Celestia has announced the Genesis Drop. This campaign is designed to incentivize and encourage users to join and actively participate in the building of its community.

A Whopping 60 Million TIA Tokens Up for Grabs

The Genesis Drop was announced on X, and will see a whopping 60 million TIA tokens airdropped. This massive token drop represents six percent of the overall supply. Starting from the very first block, qualified participants can secure their share of Celestia’s native asset, TIA, before October 17, 2023, 20:00 Beijing time.

Noteworthy Distribution Strategy

One-third of the Celestia genesis airdrop, including 20 million TIA, has been earmarked for the 7,579 developers. This group encompasses public products, key protocol infrastructure, Eth Research, and contributors to the modular DA layer like Avail, EigenLayer, and Solana. The remaining two-thirds of the airdrop, also amounting to 20 million TIA each, is destined for the 576,653 on-chain addresses. This group includes the most active users of Ethereum rollups, Cosmos Hub and Osmosis stakers, and IBC relayers.

TIA: The Lifeblood of the Celestia Ecosystem

TIA, Celestia’s native asset, holds immense significance in the development of the first modular blockchain network. Developers employ TIA to ensure data availability through PayForBlobs transactions on the Celestia network. These transactions are the lifeblood of the ecosystem, denominated in TIA and utilized as fees.

The Genesis Drop is a significant step for Celestia, marking a new chapter in its journey to build the first modular data availability network. With a whopping 60 million TIA tokens up for grabs, the crypto community is buzzing with excitement.