Celestia is airdropping 60 million tokens in bid to build its network

Quick Take

  • In an effort to build what it calls the “first modular data availability network,” Celestia announced the Genesis Drop, a campaign to incentivize and encourage users to join and participate in the building of its community.
  • The 60-million token drop represents six percent of the overall supply, Celestia said.

Over the next few weeks Celestia is dropping 60 million tokens as part of its Genesis Drop, it announced on X.

Celestia's native token, named tia, will be made available to "7,579 developers and 576,653 onchain addresses on Ethereum ETH + rollups, Cosmos Hub ATOM -0.07% , and Osmosis OSMO + ," the organization explained in a blog post.

The organization has built a “modular blockchain architecture” to compete with established players like Ethereum. Celestia’s ploy is to separate the consensus mechanism — which is how blockchain participants agree that transactions have taken place — from execution. This way, any developer who wants to use Celestia’s technology to roll out a decentralized blockchain can do so without concerning themselves with setting up a consensus network from scratch.

Users who participate in the Genesis Drop and acquire tia tokens will then be able to purchase blobspace and "secure the network from the first block," said Celestia. The 60-million token drop, which represents six percent of the total supply, ends Oct. 17.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

"Core to Celestia’s mission is empowering anyone to launch their own blockchain in minutes, simply by paying for blobspace with tia," said the organization. "This enables rollup developers to tap into the abundant blobspace enabled by Data Availability Sampling (DAS), the first blockchain architecture which scales with the number of users."

Celestia Labs, the company behind the permissionless protocol, attained unicorn status nearly a year ago after raising $55 milllion. 


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.


To contact the editor of this story:
Tim Copeland at
[email protected]