Posted:
- The Genesis Drop invited 7,579 builders and 576,653 on-chain addresses to affix Celestia.
- Celestia’s AirDrop has over 576,000 eligible addresses, every receiving lower than $200 on common.
Celestia, a modular consensus and information community, not too long ago introduced that it has launched a brand new token, TIA. On 29 September, Messari took to X (previously Twitter) to focus on extra particulars concerning the launch and the token.
Full particulars on the Celestia token launch and valuation dynamics within the newest from @Saypien_ https://t.co/RhSGIGqikm
— Messari (@MessariCrypto) September 29, 2023
All about Celestia’s newest AirDrop
Celestia, a knowledge availability protocol, introduced that the TIA token, with a 6% genesis AirDrop, shall be accessible to builders, researchers, Ethereum [ETH] rollup customers, and Cosmos [ATOM] customers.
The Genesis Drop additional invited 7,579 builders and 576,653 on-chain addresses to affix the protocol.
As per the official website, the declare shall be reside for 19 days. Celestia additionally clarified that TIA tokens won’t ever be accessible by way of shock giveaways on X (previously Twitter) or Telegram.
Moreover, the protocol talked about that builders and handle holders in the USA or different prohibited nations aren’t eligible for the Genesis Drop.
All it’s essential learn about Celestia
Messari’s aforementioned evaluation revealed extra particulars concerning the new AirDrop and token. Surprisingly, the AirDrop itself was fairly uninspiring, with over 576,000 eligible addresses receiving lower than $200 on common.
Nearly all of the token provide was allotted to insiders, which doesn’t really match the perfect of full neighborhood possession. A doable cause behind this allocation may be as a result of Celestia is extra of a enterprise that wants excessive upfront pre-product capital funding.
Supply: Messari
Messari’s report additionally analyzed the longer term prospects of the token, contemplating the above information. Notably, all Ethereum rollups write 15,000 MB of knowledge and cost a median of $700 per MB for the service.
As per Messari, for Celestia, working with the fuel price calculation and the implied $2.75 billion FDV, the estimated storage value per MB is round $10–25 per MB.
Utilizing these datasets, a graph was plotted that highlighted numerous situations of Celestia rollup adoption towards the price-to-sales ratios of different rising community protocols.
Supply: Messari