#Celestia , often hailed as the pioneer of modular data usability networks, has made a significant announcement as part of the Genesis distribution. They are set to execute an expansive airdrop, encompassing a staggering 60 million tokens. What's particularly noteworthy is that this airdrop concerns their native token, TIA, which is slated to be distributed to an impressive cohort of 7,579 developers spanning Ethereum rollups, the Cosmos Hub, and Osmosis. Moreover, an additional 576,653 on-chain addresses are also slated to receive these tokens.
The sheer scale of this token distribution is remarkable, constituting 6% of the total token supply. It's important to mark your calendar, as this airdrop event is scheduled to conclude on October 17th. As long as eligible addresses meet the specified criteria, they will be eligible to claim their share of these tokens by the aforementioned date.
๐ฆ This development marks a significant milestone for Celestia, as it adds to their already impressive track record. Notably, the company achieved "unicorn" status, reflecting a remarkable valuation of $1 billion. This accolade was secured after Celestia successfully raised $55 million in funding towards the end of the previous year, cementing their status as a unicorn in the blockchain and cryptocurrency industry.