Celestia (TIA) Sets Mainnet Launch Date, OTC Price Surges Following Binance Listing

Modular blockchain Celestia is scheduled to launch its mainnet today. The TIA token is seeing active trading on the OTC market.

Celestia (TIA) sets mainnet launch date, OTC price surges following Binance listing. Photo: Celestia website

Celestia (TIA) Mainnet Launch
Celestia has captured current attention as it prepares to launch its token mainnet and lists across several exchanges, including KuCoin, Bybit, and Binance.

• KuCoin opened TIA deposits at 9:00 PM on October 31, 2023 (Vietnam time) and listed the TIA/USDT pair.

• Bybit began accepting TIA deposits immediately after the Token Generation Event (TGE), marking the initial token issuance.

• Binance listed TIA under the Seed Tag category at 11:00 PM on October 31, 2023 (Vietnam time).

While there has been no official announcement regarding the mainnet launch date, project information on GitHub reflects the deadline for execution as October 31, 2023, confirmed by a Celestia contributor to The Block.

GitHub project reflects mainnet execution deadline as October 31, 2023.

Previously, Celestia allocated 60 million tokens (6% of the total supply) for an airdrop to active users on Layer-2 Ethereum, stakers on Cosmos Hub and Osmosis, as well as enthusiastic developers. The project conducted snapshots earlier this year.

Trading Activity of TIA on OTC Markets
TIA is experiencing vigorous trading on OTC markets, at times nearing $4 USD on the Helix derivatives exchange and currently hovering around $2.7 USD. The daily trading volume is approximately $3,000 USD.

OTC trading price of TIA on Helix exchange, screenshot taken at 8:40 AM on October 31, 2023.

About Celestia
Unlike monolithic layer-1 blockchains such as Ethereum and Solana, Celestia has opted to develop as a modular network, aiming to address inherent challenges in deploying and scaling blockchain infrastructures. The platform separates execution from consensus, making it easier for developers to create new blockchains.

In October 2022, Celestia Labs raised $55 million with a valuation exceeding $1 billion, led by Bain Capital and Polychain.