Last Updated on October 30, 2023 by Bitfinsider

Celestia’s native cryptocurrency, which can be traded on controlled exchanges, is anticipated to debut tomorrow along with the mainnet.

Centralized exchanges KuCoin and Bybit have declared that they will begin trading Celestia (TIA) tokens at approximately 10 a.m. EST. It was announced by both platforms that they will start trading TIA against the USDT stablecoin.

Sources claim that a Celestia contributor verified the launch schedule. The GitHub repository for Celestia similarly lists October 31 as the deadline for the mainnet deployment.

A token airdrop of 60 million has been scheduled by the project for stakers on Cosmos Hub and Osmosis, active Ethereum Layer 2 users, and developers in the wider cryptocurrency community. On January 1, 2023, the picture for the airdrop was taken.

The network will mint a maximum of one billion tokens upon its planned mainnet activation tomorrow. This indicates that 6% of the entire supply is made up of the airdrop.

Celestia seeks to be a modular network as opposed to monolithic Layer 1 blockchains like Ethereum and Solana. Its architecture aims to facilitate developers in building new blockchains on its platform.

The Celestia architecture is made to allow nodes to agree on transactions in parallel across chains while they are being carried out off-chain. These blockchains will be validated using fraud and data availability proofing systems.

Celestia Labs revealed in October 2022 that it had raised $55 million in a funding round headed by Bain Capital and Polychain, with a valuation of over $1 billion.