Celestia (TIA) Token: Everything You Need to Know

ThenativetokenoftheCelestiablockchain,TIAhasamarketcapitalisationofoverUS$1.3billion.Thatplacesitinthetop100coinsglobally.

ThenativetokenoftheCelestiablockchain,TIA,hasamarketcapitalisationofover$US1.3billion.Thatplacesitinthetop100coinsglobally,butthetoken’svalueappearstobetrendingdownwards.TIAstartedtheyearataround$US12,reachedanall-timehighofover$US20inFebruary,andatthetimeofwritingwasworth$US6.90.Ofcoursethat’sstillupover200%onitsinitiallistingpriceof$US2.08around240daysprior.CelestiaisaLayer1blockchain,designedtobe‘modular’innaturewiththegoalofmakingiteasyfordeveloperstolaunchtheirownblockchain.Developmenttimeisprimarilyreducedbyenablingdeveloperstocombineexistingrollup(akaLayer2scalingsolution)technologyoptionstocreatetheirowncustomisedstack.Celestialetsyoucanbuildanindependentblockchainwhere:TheCelestiaprojectwasinitiatedin2019byco-foundersMustafaAl-BassamandIsmailKhoffiandattractedconsiderableventurecapitalinvestmentincludinga$US1.5millionseedroundin2021and$US55millionraisedin2022.CelestiaisbuiltontheCosmosSDKframework.WhatIstheTIAToken?OnebillionTIAtokenswerecreated,with20%forpublicallocation.Itscurrentcirculatingsupplyisaround193million.Moretokensowedtoinitialinvestorswillbegraduallyunlockedovercomingyears—whichcanbefreelytraded—withthefirstunlockeventinOctoberthisyear.TheTIAtoken’sroleintheCelestiablockchainisthree-fold:Celestia’sTIAtokenisnottobeconfusedwiththetokenoftheTiamondsproject,whichalsotradesundertheTIAsymbol.ThealternateTIAisatokendistributedtoownersoftokeniseddiamondssoldviatheTiamondsplatform—whichtoutsitselfastheworld’slargesttokeniseddiamondmarketplace.

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