In an exciting announcement made on September 26, Celestia, a pioneering project in the world of modular blockchain, unveiled a significant opportunity for developers and onchain enthusiasts. With approximately 7,579 developers and 576,653 onchain addresses meeting the criteria, they now have the chance to become part of the Celestia ecosystem right from the project’s genesis block.
The Genesis Drop: A Bounty for Builders and Users
Eligible participants are entitled to claim up to 60 million TIA, the native asset of Celestia, until October 17, 2023, at 12:00 UTC. A substantial portion of this, 20 million TIA, has been allocated to 7,579 developers and researchers, including those who have contributed to the public goods and key protocol infrastructure. Notably, Eth Research, where ideas surrounding LazyLedger were first discussed, is also a beneficiary. This allocation extends to individuals contributing to the early modular ecosystem, which includes public contributors to other modular DA layers like Avail Project, Eigen Layer, and even Solana, who actively participated in Modular Summits I and II.
The remaining two-thirds of the Genesis Drop, amounting to 40 million TIA, will be distributed among 576,653 onchain addresses. These addresses encompass the most active users of Ethereum rollups, stakers, and IBC relayers of Cosmos Hub and Osmosis. TIA, the utility token at the heart of this ecosystem, will empower rollup developers to facilitate transactions, bootstrap new rollups without the need to issue a token, and partake in network consensus and governance.
Celestia’s Fee Market and Vision
Celestia, which initiated a snapshot on January 1, 2023, holds a grand vision for the utility of TIA tokens. These tokens will serve as a means to pay for blobspace, launch new rollups, stake within the network, and actively participate in network governance. Those interested in confirming their eligibility for the airdrop can visit genesis.celestia.org and find comprehensive details at blog.celestia.org/genesis-drop/.
Founded in 2019, Celestia has charted an innovative path in blockchain architecture. By adopting the “Modular” approach, Celestia seeks to address the challenges inherent in deploying and scaling blockchain networks. The project distinctly separates execution from consensus. As of October 2022, Celestia was valued at a staggering $1 billion after securing $55 million in funding, led by Bain Capital Crypto and Polychain Capital.
The Genesis Drop signifies the commencement of Celestia’s community-driven launch sequence, marking a pivotal moment in the modular blockchain era. With thousands of developers and onchain users getting ready to participate, Celestia’s vision for a modular blockchain future is well on its way to becoming a reality.
Step-by-Step Guide to Claiming Celestia’s Airdrop
To claim your tokens from the Celestia Genesis Drop, follow these three simple steps:
Visit the Genesis Website: Begin by accessing the Genesis website through this link: https://genesis.celestia.org/. Once there, click on the “Check TIA eligibility” button. Depending on your eligibility criteria, you can choose to connect your EVM wallet, Osmosis wallet, or Cosmos wallet.
Confirm Your Eligibility: After being confirmed as eligible, you can claim your TIA tokens by clicking on the “TIA Claim” button. Subsequently, the website will display the amount of TIA you are entitled to, based on your level of activity. These tokens will be sent directly to your wallet once the Celestia network officially launches its mainnet.
By following these three straightforward steps, you can secure your TIA tokens and become part of Celestia’s innovative blockchain ecosystem.
Source: https://azcoinnews.com/celestia-reveals-airdrop-of-60-million-tia-tokens.html
