Celestia is one of the next big names in the Crypto market starting to prepare for mainnet as well as Token deployment, the project has also announced Airdrop to many users with many different criteria. In this article, let's join Hak Research in predicting the floor list price of Celestia with TIA Token to be able to sell the Airdrop at the best price.
To understand more about Celestia, people can refer to some of the following articles:
Celestia Overview
Celestia is a Modular blockchain that allows other blockchains to link to use consensus mechanisms as well as use this as a place to store data, thereby improving speed and performance for attached blockchains. enter.
Celestia solves the problems of Monolithic blockchains such as Ethereum, Solana,... at the same time having to solve different problems such as transaction processing, consensus and data storage. This causes these blockchains to experience either high transaction fees or heavy network congestion during times of high user activity.
Celestia's Capital rounds
Currently, Celestia has gone through a total of 3 different Capital rounds with the valuation of the most recently announced round being $945M, details as shown in the table below.
Ring | Time | Amount of money | PRICE | INVESTMENT FUNDS |
|---|---|---|---|---|
Seed Round | March 3, 2021 | $1.5M | $9.4M | Binance Labs, Interchain Foundation,... |
Series A | October 19, 2022 | $55M | $945M | Polychain Capital, Delphi Digital,... |
Series B | - | - | - | - |
Currently, Celestia is not announcing details about the Series B round, but we can also predict that the amount raised and the valuation in this round will likely be slightly higher than Series A.
Allocation of TIA Token
allocation | Allocation amount | NUMBER of allocated Token | VESTING |
|---|---|---|---|
Public Allocation | 20% | 200M | Fully unlocked at TGE time. |
Genesis Drop/Testnet | 7.4% | 74M | Fully unlocked at TGE time. |
Future initiatives | 12.6% | 126M | - |
R&D & Ecosystem | 26.8% | 268M | 25% unlocked at TGE, 75% locked for 1 year and gradually unlocked over 4 years. |
Series A&B | 19.7% | 197M | 33% opened after the first year, 67% vested in 3 years. |
Seed Round | 15.9% | 159M | 33% opened after the first year, 67% vested in 3 years. |
Initial Core Contributors | 17.6% | 176M | 33% opened after the first year, 67% vested in 3 years. |
We can see that at the time of TGE, the TIA Token will not have selling pressure from the team or investment funds at the Seed, Series A&B rounds because all are locked for a minimum of 1 year. Most of the selling pressure will come from the community Airdrop allocation, but the number of Token in this part is not too large.
Another part of Celestia's unknown allocation is Public Allocation without any announcement from the team. However, we can also predict that the project team will use this part to sell publicly on ICO or CEX platforms such as Binance Launchpad or Coinlist.
Celestia Floor List Price Prediction
We can see that with a valuation of $945M at the Series A round and likely much higher at the Series B round and a total supply of $1B, the price of TIA at the time of listing will not be lower than $1. The total circulating supply at the time of TGE was about 30%, equivalent to a Marketcap of $300M, which is not a high number for a blockchain platform like Celestia.
To have a visual view, we will compare Celestia with other Layer 1 platforms recently listed on Binance as follows:
Project | mcAth | FDV ath | RAY PRICE = FDV |
|---|---|---|---|
Aptos | $2.4B | $18B | $18 |
Sui Network | $740M | $12B | $12 |
Sei Network | $780M | $4.2B | $4.2 |
If we compare according to the above Layer 1 projects, Celestia's price can reach a minimum number from $4.2 to $18. However, TIA's growth level also depends on other factors such as market sentiment and the number of major exchanges listed at the time of TGE.
Celestia's Future Growth Dynamics
Motivation from within
Celestia's internal growth motivation comes from factors surrounding the ecosystem when the TIA Token will be used in the following cases:
- Pay network fees for transactions : All transactions occurring on the Celestia network are required to use TIA to pay operating fees to validators.
- Use for governance : Celestia changes and upgrades will all need to pass a certain amount of voting from TIA holders.
- Participate in Staking : Long-term TIA holders can Staking Token and receive interest, which will also help reduce circulating supply.
- Incentive : Celestia Foundation can use TIA as an incentive to attract users and developers to participate in using and developing the ecosystem.
As the number of users using this blockchain increases, the need to hold or Staking TIA also increases. Simply put, as supply decreases and demand increases, the entire Celestia ecosystem will grow.
Motivation from outside
Because Celestia is a Modular blockchain, other blockchains can participate in hiring Validators on this network for consensus or data storage. If TIA Token are used as payment fees for the above activities, this is an external price increase driver for Celestia.
Summary
Above is Hak Research's prediction of the floor list price of Celestia and TIA Token at the time of TGE. Hopefully, through this article, everyone will have their own predictions and sell Airdrop rewards at the best possible price. can.
The post Celestia's Floor List Price Prediction (TIA) appeared first on HakResearch .
