Celestia announces its inaugural token airdrop, named the Genesis Drop, presenting an exclusive opportunity for the public to engage with its native cryptocurrency, $TIA. This airdrop is a strategic move, allocating 7.4% of the total token supply to participants staking on the incentivized testnet. Additionally, a considerable 12.6% of the tokens are set aside for future incentives, hinting at the possibility of subsequent airdrops. As detailed in Celestia’s official blog, this initial airdrop is open to a vast audience, including approximately 7,600 developers and over 576,600 on-chain addresses spanning Ethereum rollups, Cosmos Hub, and Osmosis. Eligible developers and address holders are invited to register their details at the genesis portal of the Celestia blockchain. Tokens acquired through the Genesis Drop will be immediately available in digital wallets, accessible from the very first block of Celestia’s blockchain.
- Initiating the Claim Process: Visit the Genesis Celestia website and connect your wallet for validation.
- Connecting Your Wallet: Link your digital currency wallet to the Celestia platform, ensuring all eligible wallets are properly connected to receive the $TIA tokens.
The $TIA token has recently displayed a remarkable growth trajectory, recording a 143% gain over a week, followed by a 6% pullback in the last 48 hours. Trading at $5.61, $TIA is nearing critical Fibonacci support levels, with the price oscillating between the highs of $6.54 and lows of $2.25. A breach of these levels could potentially lead to price adjustments, possibly heading towards the $5.00 mark, which aligns with the 38.2% Fibonacci line. This market behavior offers strategic insights for investors, suggesting the consideration of selling around these levels to capitalize on the gains from the recent rally. In the face of bearish market trends, even a modest allocation of 50 $TIA tokens through the airdrop could hold a future valuation ranging between $200 to $300. This emphasizes the long-term potential and investment opportunity presented by acquiring $TIA tokens now, especially before wider adoption and increasing demand lead to a scarcity-driven price surge.
