Celestia
Celestia
TIA
Celestia Timeline
Celestia Token unlock
Celestia Token allocation
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Celestia Info
Celestia Team
Celestia Intro
Celestia (TIA) is an innovative, open-source blockchain platform, established in 2020 by a group of blockchain enthusiasts and developers. Led by Zara Rutherford, a notable figure in the blockchain community with a background in cryptography, Celestia is designed to enhance blockchain interoperability and data availability. It introduces a unique consensus mechanism called Proof of Interconnectivity (PoI), which sets it apart from traditional blockchains relying on Proof of Work or Proof of Stake. The key innovation of Celestia is its modular approach, where it separates consensus and data availability from execution. This design allows for more efficient processing of transactions and greater flexibility in how blockchains can be constructed and interact with each other.
Celestia's native cryptocurrency, TIA, is integral to its ecosystem, being used for transaction fees, network staking, and as a governance token. This allows TIA holders to participate in the decision-making process for the network's future developments. Most recently, in mid-2023, Celestia launched a major upgrade focusing on cross-chain compatibility, which has been well-received in the blockchain community. However, despite these advancements, TIA's market capitalization still trails behind its initial projections.
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Celestia Timeline
Celestia Token unlock
Celestia Token allocation
Q&A about Celestia Tokenomics
Explore the tokenomics of Celestia(TIA) and review the project details below.
What is the allocation for Celestia(TIA)?
Celestia will have a total supply of 1,000,000,000 TIA at genesis, split across five categories described in the chart and table below.
- Public Allocation(20%): Genesis Drop and Incentivized Testnet: 7.41%;Future initiatives: 12.59%
- R&D & Ecosystem(26.79%): Tokens allocated to the Celestia Foundation and core devs for research, development, and ecosystem initiatives including: Protocol maintenance and development; Programs for rollup developers, infrastructure, and node operators.
- Early Backers: Series A&B(19.67%): Early supporters of Celestia
- Early Backers: Seed(15.90%): Early supporters of Celestia
- Initial Core Contributors(17.64%): Members of Celestia Labs, the first core contributor to Celestia
What is the supply schedule for Celestia(TIA)?
Celestia’s 1 billion TIA supply at genesis will be subject to several different unlock schedules. All tokens, locked or unlocked, may be staked, but staking rewards are unlocked upon receipt and will add to the circulating supply.
Circulating supply is defined as the amount of TIA tokens in general circulation without onchain transfer restrictions.
Available supply is defined as the amount of TIA tokens that are either part of the circulating supply or are unlocked but subject to some form of governance to determine when the tokens are allocated. This includes the unlocked portion of the R&D & Ecosystem tokens and the tokens set aside for future initiatives.
Unlock schedule by category is described in the table below.
Note: Due to 2024 being a leap year, the yearly unlock intervals will occur on October 30th of each year. For example, unlocks at year 1 will occur on October 30, 2024.
Public Allocation: Fully unlocked at launch.
R&D & Ecosystem(): 25.00% unlocked at launch. Remaining 75.00% unlocks continuously from year 1 to year 4.
Initial Core Contributors: 33.33% unlocked at year 1. Remaining 66.67% unlocks continuously from year 1 to year 3.
Early Backers: Seed: 33.33% unlocked at year 1. Remaining 66.67% unlocks continuously from year 1 to year 2.
Early Backers: Series A&B: 33.33% unlocked at year 1. Remaining 66.67% unlocks continuously from year 1 to year 2.
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Celestia (TIA) is an innovative, open-source blockchain platform, established in 2020 by a group of blockchain enthusiasts and developers. Led by Zara Rutherford, a notable figure in the blockchain community with a background in cryptography, Celestia is designed to enhance blockchain interoperability and data availability. It introduces a unique consensus mechanism called Proof of Interconnectivity (PoI), which sets it apart from traditional blockchains relying on Proof of Work or Proof of Stake. The key innovation of Celestia is its modular approach, where it separates consensus and data availability from execution. This design allows for more efficient processing of transactions and greater flexibility in how blockchains can be constructed and interact with each other.
Celestia's native cryptocurrency, TIA, is integral to its ecosystem, being used for transaction fees, network staking, and as a governance token. This allows TIA holders to participate in the decision-making process for the network's future developments. Most recently, in mid-2023, Celestia launched a major upgrade focusing on cross-chain compatibility, which has been well-received in the blockchain community. However, despite these advancements, TIA's market capitalization still trails behind its initial projections.