Described as the first modular data availability network, Celestia has announced its anticipated airdrop.

A notable new airdrop event is rocking the cryptocurrency sector. In an announcement made on their official blog page on September 26, the Celestia team said it would airdrop to a total of 576,653 addresses, involving 7,579 developers and early users on Ethereum roll-ups, Cosmos Hub (ATOM), and Osmosis (OSMO).

Initiating Genesis Drophttps://t.co/jd6OwoNktc pic.twitter.com/YgeXDn1Gxw

— Celestia (@CelestiaOrg) September 26, 2023

The announcement emphasized that the team would distribute a total of 60 million TIA tokens, completing the token distribution on October 17 and launching the network towards the end of this year. The team reminded that they had concluded the snapshots for the airdrop process on January 1, 2023, and stated that the planned distribution of 60 million TIA would constitute 6% of the total 1 billion supply.

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Users who meet the airdrop criteria will be able to claim their TIA tokens via the project’s official website until 3 pm (Turkey time) on October 17.

Among the criteria are details such as having an old wallet, having some funds in it, and donating to GitHub. It is also emphasized that the snapshot was taken on January 1.

Celestia: Crypto Unicorn with $55M Funding

Celestia provides developers the opportunity to establish a new blockchain without the struggle of building a consensus network from scratch. Additionally the center of the payments in this newly established blockchain will be TIA. Operating on Layer-1 (L1), Celestia aims to offer a unique experience.

At the end of last year, Celestia raised $55 million in a funding round and reached “unicorn” status with a valuation of $1 billion. The success of Celestia is among the significant developments in the cryptocurrency sector.

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