Celestia , a modular blockchain project, recently announced information about their latest Airdrop program. Celestia's criteria for receiving Airdrop has "won the sympathy" of the community when distributing more to users who have actively contributed on Ethereum Rollups.
So what will the estimated price of the Celestia Token $TIA be when it is listed on the exchange?
Please refer to our perspective through the analysis below!
What is Celestia?
Celestia is a modular blockchain with the goal of building a significantly scalable data availability layer. Celestia achieves this scalability by separating application execution and Consensus.
In the context of Web 2.0 and cloud services such as Amazon Web Services, users have the ability to launch websites on Arm Virtual Machine that Chia the physical resources of the server.
Similarly, Celestia offers users the ability to deploy decentralized applications on specific application chain , Chia a common consensus layer. Although Celestia's product project is still in the early stages of development, it is nevertheless magnificent and has promising potential.
Read more: Must-know information about Celestia
Criteria for receiving $TIA Token Airdrop
To be XEM for Token allocation $TIA in the project's Airdrop program, the following three important criteria need to be followed:
- Developers and Researchers: A total of 20 million $TIA are reserved for 7,579 developers and researchers.
- Active users on Ethereum Layer-2 platforms: There is a total of 20 million $TIA, which will be reserved for 576,653 on-chain wallet addresses.
- Who participated in Stake and using IBC relayer on the Cosmos Hub and Osmosis networks: The final 20 million $TIA Token will be allocated to those who participated in Stake and using IBC relayer on the Cosmos Hub and Osmosis networks Osmosis.
More details about the criteria you can read in full here: Conditions for winning the Celestia Airdrop
Projected Token price $TIA when listed on the exchange
Celstia's total supply is 1,000,000,000 $TIA Token , Chia into five parts as follows:
At the time of listing (TGE), the project's initial Token supply will be about 267,000,000 $TIA (~26.7% of total supply) which will be allocated when Celestia Mainnet. Specifically:
- 200,000,000 $TIA in the Public Allocation section (~20% of total supply) will be completely unlocked ( this is the Allocation section containing the amount of Airdrop Token for users ).
- The remaining 6.7% of Token $TIA are " extracted from 25% of Allocation for R&D & Ecosystem ".
As a project about the new expansion solution Modular Blockchain , it will be difficult to find a standard name to use as a reference system for the Celestia listing Token at this time.
Comparing to the amount of fund-raised , Sei Network is the most "suitable" name when the total value of Sei 's Capital calls before listing is not much different ($85M compared to Celestia's $65M). In addition, Sei is the most recent prominently listed name in the current depressed mayor context.
At the time of Sei listing , the Token price $SEI opened for trading around $0.18 - $0.21 in the first hour => Equivalent to FDV level of $1.8B -> $2.1B => If applying FDV $TIA in In this range , the price $TIA will be in the price range from $1.8 -> $2.1, equivalent to MKC $480M -> $560M.
A scenario to create FOMO for the market again in October similar to what Aptos did in October last year => Equivalent to MKC level of $1B -> $1.2B => If MKC $TIA is applied in this range, then Price $TIA will be in the price range from $3.75 -> $4.5, equivalent to FDV $3.75B -> $4.5B.
=> The appropriate price range for $TIA list will be around $1.8 – $4.5 which is reasonable for the current market context.
However, at the time of writing there is still "no information" $TIA will be listed for trading on CEXs (especially Binance) even though Celestia has been invested in early by Binance Labs . In addition, this is a "pure tech" project for "technology lovers", so Celestia will have difficulty reaching the majority of investors . Based on these two factors, you can slightly reduce your expectations for the $TIA Token price when it is listed for trading.
Of course, this is "not a safe MCap area" to enter $TIA because the existing risks according to the general market and the Token price evolution of community Airdrop projects are all floating at first. ( Casestudy $ MAV, $ ARKM , $ Sei, $ Sui,.. still there ).
summary
Through the above article, we have predicted the price of TIA when it is listed on the exchange. Please read for reference.
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