**60 Million Token Airdrop Worth $6.1 Billion: What You Need to Know About TIA**
The Celestia mainnet is set to launch on October 31st, and with it comes a massive token airdrop worth $6.1 billion. The first block produced by the Genesis block will distribute the TIA tokens to eligible claimants. If you’re one of the lucky recipients, you’ll automatically receive your tokens in your wallet.
To ensure you receive your TIA airdrop, make sure to enable Celestia in the chain visibility menu once the mainnet goes live. You can also connect your MetaMask wallet to Celestia by following a few simple steps.
Excitingly, Binance will be launching the TIA token just two hours after the mainnet launch, alongside other exchanges like KuCoin, Bybit, OKX, and Bitget. This news has caused speculation about the potential price increase of TIA.
The fully diluted market cap of the TIA token is currently overvalued at $2 billion. As such, it is expected that there may be a dip in value once vesting begins. However, during the initial trading period, we may see a higher price due to the excitement surrounding the launch.
If the TIA price reaches $10 or more, it may be considered overrated. Selling at this point and buying back when the price stabilizes could be a wise move. It’s important to monitor the market closely and make informed decisions based on the token’s performance.
Celestia is a modular blockchain built to host ZK-rollups. It operates within the Cosmos Hub and has garnered interest from industry figures like Vitalik Buterin. Unlike traditional monolithic chains, modular blockchains outsource certain components to external chains. Celestia orders and publishes transactions but does not execute them.
Celestia has made several exciting developments, including integrating with Arbitrum Orbit and introducing modular data availability streaming to Ethereum. They have also partnered with Lumoz, a ZK platform. These advancements demonstrate the potential and substance of Celestia beyond its mainnet launch.
In conclusion, the TIA token airdrop is an exciting opportunity, but it’s crucial to approach it with caution. The market cap may be inflated, leading to a potential dip in value. However, the initial trading period may see a surge in price. Stay informed and make strategic decisions based on the performance of TIA.
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