Injective DEX Helix unveils pre-launch futures for upcoming tokens, starting with Celestia

Quick Take

  • Decentralized order book exchange Helix has introduced pre-launch futures, allowing the trading of tokens before their official launch.
  • The Celestia (TIA) token, whose airdrop claims process concluded earlier today, will be the first listing via the new product offering.

Helix, the decentralized order book exchange built on the Injective INJ +7.75% blockchain, has unveiled pre-launch futures — enabling users to trade upcoming tokens before their official launch or exchange listings. 

The inaugural Helix pre-launch futures market will feature the Celestia (TIA) token. Helix said it will be the first exchange to offer the general public access to TIA via its perpetual market, with listings on major exchanges expected to follow.

Traditionally, access to highly anticipated crypto tokens before their public launch is reserved for early backers, venture capitalists and potentially insiders via elaborate derivatives and OTC deals. Helix’s move aims to disrupt this system and democratize trading access to pre-launch cryptocurrencies via its community-driven decentralized platform, according to a statement.

Celestia token airdrop


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Among the tokens for which traders can access pre-launch futures is Celestia, which recently announced an airdrop.

Celestia’s token airdrop claims process concluded earlier today with over 190,000 claimants and will be distributed in the coming days. Celestia is a modular blockchain network, with developer Celestia Labs previously raising $55 million in funding from investors, including Bain Capital Crypto and Polychain, at a valuation of $1 billion.

Besides its decentralized derivatives trading products aimed at retail users, the project unveiled Helix Institutional in August. This is a dedicated on-chain platform for institutions, focused on security and compliance — only allowing KYC-verified, whitelisted addresses to engage in trades.

© 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

James Hunt is a reporter at The Block, based in the UK. As the writer behind The Daily newsletter, James also keeps you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the immersive metaverse. You can get in touch with James on Twitter or Telegram via @humanjets or email him at [email protected].


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