Celestia's mainnet expected to go live tomorrow, including TIA airdrop and exchange listings

Quick Take

  • The Celestia mainnet, a modular blockchain network, is expected to launch tomorrow.
  • KuCoin and Bybit will initiate trading for Celestia tokens at around 10 a.m. EST, pairing it with the USDT stablecoin.

Celestia’s mainnet is expected to launch tomorrow along with its native token, which will become available for trading on centralized exchanges.

Centralized exchanges, including KuCoin and Bybit, announced their respective plans to initiate trading for Celestia (TIA) tokens at an estimated time of 10 a.m. EST tomorrow. The trading platforms stated that they will initiate trading for TIA against the USDT stablecoin. Binance also confirmed it would list TIA and tentatively open trading at 12 p.m. EST.

A Celestia contributor confirmed the launch timeline to The Block. Celestia’s GitHub repository also indicates a due date for the mainnet launch of Oct. 31.

The project has set aside 60 million tokens for an airdrop to active users on Ethereum Layer 2s, stakers on Cosmos Hub and Osmosis, and developers in the broader crypto space. The snapshot for the airdrop was taken on Jan. 1, 2023.

Upon the anticipated mainnet launch tomorrow, a maximum of 1 billion tokens will be minted on the network. This means the airdrop accounts for 6% of the total supply.


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What is Celestia?

Unlike monolithic Layer 1 blockchains such as Ethereum and Solana, Celestia aims to be a modular network. This design intends to make it easier for developers to create new blockchains using its platform.

The Celestia architecture is designed so that nodes will reach consensus on transactions in parallel across chains, executed in an off-chain manner. These blockchains will be verified through a system of fraud and data availability proofs.

In October 2022, Celestia Labs announced it had raised $55 million at a valuation exceeding $1 billion, in a funding round led by Bain Capital and Polychain.

© 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

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]


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