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Celestia's TIA Token Trades at $3.15 on Futures Market Ahead of Airdrop
The token is set to be listed on Oct. 31 by Binance, Bybit and Kucoin.
Updated Oct 31, 2023, 3:30 p.m. Published Oct 30, 2023, 2:41 p.m.
TIA, the native token of modular blockchain network Celestia, is trading at $3.15 on decentralized derivatives exchange Helix ahead of the mainnet launch later this week.
Binance has set a tentative listing date of Oct. 31 at 16:00 UTC for TIA, which is expected to be airdropped to around 600,000 wallets. Kucoin and Bybit said the token will be available to trade at 14:00 UTC.
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Latest News: Celestia Airdrops TIA Token as Network Goes Live, Claims Start of 'Modular Era
Celestia's native token will have a total supply of 1 billion, putting its fully diluted value at $3.1 billion based on the futures price. The network said it plans to airdrop 60 million tokens to early adopters, although it is unclear how much of the remaining total supply will be circulating on release.
Liquidity for TIA is thin on Helix with daily trade volume equating to around $3,000.
Celestia raised $55 million in October last year in a combined Series A and B round led by venture capital firms Bain Capital Crypto and Polychain Capital.
Described as a modular data availability network, Celestia aims to become a platform that will allow others to build their own blockchains.
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