Ahead of its mainnet launch, TIA, the native token of the modular blockchain network Celestia, is currently trading at $3.15 on the decentralized derivatives exchange Helix. Binance has tentatively scheduled the listing of TIA for October 31st at 16:00 UTC, with plans to airdrop the token to approximately 600,000 wallets. In contrast, Kucoin and Bybit have announced that the token will commence trading at 14:00 UTC.
The total supply of Celestia's native token, TIA, is set at 1 billion, with a fully diluted value estimated at $3.1 billion based on futures prices. The network has expressed intentions to airdrop 60 million tokens to early adopters, but the precise quantity in circulation at launch remains uncertain. It's worth noting that TIA liquidity on Helix is relatively limited, with a daily trading volume of approximately $3,000.
Notably, Celestia secured $55 million in a co-Series A and B funding round in October of the previous year. The funding round was spearheaded by venture capital firms Bain Capital Crypto and Polychain Capital, underlining the industry's confidence in Celestia's innovative blockchain approach.
