Celestia is a modular blockchain project that focuses on data availability. In its unique architecture, Celestia is mainly responsible for the consensus layer and the data availability layer, while introducing the Sovereign Rollup solution, further expanding to the execution layer and the settlement layer. Recently, Celestia has been extremely popular, and the following will review the multi-dimensional information of this project.

As the deadline for claiming Celestia airdrops (October 17) approaches, the market's attention to Celestia is gradually heating up. In order to ensure the fairness and transparency of the airdrop, Celestia has authorized TrustGo to conduct eligibility inquiries, allowing users to check whether their EVM addresses meet the airdrop conditions. For eligible users, they can choose to claim on the Celestia official website or through Metamask Snaps. It is worth mentioning that OKX Ventures announced yesterday that it will participate in Celestia Labs' Series B financing, and this news further strengthened the market's confidence in Celestia.

Celestia airdrop promotional poster

Currently, Celestia is still in the testnet stage and plans to officially launch the mainnet later this year. At that time, it will become the first blockchain network to adopt Data Availability Sampling (DAS) technology, which will undoubtedly bring new innovations and opportunities to the entire blockchain field.

It is expected that after the mainnet is launched, the number of nodes will increase significantly, further strengthening its decentralization and security. At the same time, Celestia has accumulated a large number of social media followers and has an active community, which lays a solid foundation for its future ecological development. However, it is worth noting that Celestia's ecosystem is still in its early stages. Despite the support of technical infrastructure, it will take some time before users can truly experience the application.

Celestia's native token is TIA, with an initial total supply of 1,000,000,000. Celestia adopts a gradual issuance strategy to increase the supply of TIA through inflation. The initial inflation rate is set at 8% per year, but this ratio is not fixed. It will decrease by 10% year by year until it finally stabilizes at an annual inflation rate of 1.5%. This design aims to balance the supply and demand of tokens while encouraging long-term holding and use of TIA.

TIA Asset Inflation Chart

Judging from the token distribution strategy, the main beneficiaries of TIA are investors and teams. These two groups will receive the majority of TIA tokens. Next comes the treasury, and the ecosystem is the final link in distribution. It is worth noting that all TIA tokens will be gradually unlocked over a 4-year period. This means that in the early stages of the token’s launch, the supply of TIA on the market will be relatively small. But as time goes by, especially one year after investors and teams’ tokens begin to be unlocked, the supply of TIA on the market will increase significantly, which may bring some selling pressure to the price of TIA.

According to the current token distribution rules, we can estimate that the initial circulation of TIA is 141 million. Among them, the airdrop part accounts for 74 million, and the part unlocked by the treasury is 67 million. These two parts together constitute the initial circulation supply of TIA.

In general, Celestia's token economic model is designed to encourage long-term investment and use, while also providing a certain amount of liquidity to the market. However, when considering investment, investors also need to fully consider the impact of future token unlocking and inflation.

Celestia’s native token, TIA, plays multiple roles in the network and is designed to meet the multifaceted needs of the network.

Network maintenance and node incentives: Celestia uses a PoS consensus mechanism, in which the number of verification nodes is initially set at 100. In order to participate in the network consensus, nodes need to stake TIA tokens. This not only ensures the security of the network, but also provides staking rewards as incentives for nodes. In addition, ordinary users can also delegate their TIA tokens to specific nodes and share staking rewards with the nodes, which further enhances the security of the network.

Network service billing: Any Rollup project that wishes to use Celestia as a data availability layer needs to submit a PayForBlobs transaction. This transaction will be billed in TIA, which is actually a certain network usage fee charged to project developers. In addition, Celestia's Gas fee will also be billed in TIA. To ensure network efficiency, Celestia uses a standard Gas price priority memory pool, which means that validators will prioritize transactions with higher fees. The fee for each transaction will include a fixed Gas fee and a variable fee based on the size of each Blob in the transaction.

Decentralized Governance: Celestia's long-term goal is to achieve complete community decentralized governance. Community members can vote on key parameters of the network through governance proposals. In addition, the community will manage a dedicated fund pool, which will receive 2% of the block rewards to provide financial support for the continued development of the community.

From the perspective of token economics, Celestia's token distribution strategy is relatively traditional, in which investors and the team will receive more than half of the tokens. It is worth noting that 33% of these tokens will be unlocked after one year, which may have a certain impact on the market. In general, Celestia's token design ideas are similar to most public chains. TIA will play a role in consensus, fees, and governance, and will issue additional tokens through inflation. From the current perspective, this token design is relatively neutral, and the value of the token is not determined by its own attributes, but depends on the development and prosperity of the entire network.

When predicting the price of TIA, we first need to understand its supply and circulation. Celestia's total supply of TIA tokens is 1 billion, of which 250 million are in circulation through TGE (Token Generation Event). But in reality, the actual circulation of TGE is only 141 million. The difference between "actual circulation" and "circulation" here is that although the tokens have been unlocked, the holders may choose not to sell them, so this part of the tokens will not have a real impact on the market price.

TIA Asset Unlock Diagram

The specific token distribution is as follows:

1. R&D & Ecosystem: 26.8% of the total supply, of which only 25% (67 million) will be unlocked at launch. The remaining 75% will be gradually unlocked after one year.

2. Public Allocation: 20% in total, of which 7.4% will be fully unlocked at TGE, and the remaining 12.6% will be reserved for future incentives such as secondary airdrops, marketing and community activities.

3. Blockspace Race: This is allocated to selected node operators, totaling 15 million $TIA.

4. Initial core contributors: 33% of their tokens will be unlocked after more than 1 year.

5. Early supporter seed round: 33% will be unlocked within 1-2 years.

6. Early Backers Round A and B: 33% unlocked in the first year, and the remaining 67% unlocked gradually between the first and second years.

According to market news, the initial price of TIA is expected to be $2.5, but at the TGE, its price is likely to rise to $3 to $4, depending on market demand and investor enthusiasm. It is reported that the investment price of rounds A and B is about $1.6. If investors buy TIA from other early investors at $2.5 per coin, Celestia's valuation will reach about $25 billion.

In general, TIA price predictions are affected by a variety of factors, including its supply and circulation, market demand, and investor sentiment. Investors should take these factors into account and make wise decisions when considering investing.