Celestia

What is the token?

Celestia (TIA) is a native coin of the Celestia ecosystem, a modular blockchain network designed to enable scalable, secure Web3 applications. It is the first modular blockchain network that decouples execution from consensus, allowing anyone to deploy their own blockchain easily with minimal overhead. Celestia’s architecture is based on a new primitive called data availability sampling (DAS), which allows the network to scale securely with the number of users. TIA tokens are used to pay for data storage, participate in consensus through staking, and can be used as a gas token for rollups within the ecosystem.

Tokenomics

• Usage

• : TIA is used to pay for blobspace, secure the network through staking, and can be used as a gas token for rollups.

• Total Supply

• : 1,027,835,616 TIA.

Market Data

As of today #{today’s date}, the price of Celestia is ₹552.97 INR or 5.978 USD, with a 24-hour trading volume of 66417797.32 USD. The market capitalisation for Celestia is 1199287121.26USD. The circulating supply is 200002431.86 Celestia, with the total supply also being 1058958904.11 Celestia.

Token Pros and Cons

Pros:

• Modularity

• : Celestia’s modular design allows for easy deployment of custom blockchains.

• Scalability

• : The DAS mechanism enables the network to scale with the number of users without compromising security.

• Flexibility

• : Developers have the freedom to define their own execution and settlement environments.

• Community and Ecosystem

• : There is an active community and ecosystem around Celestia, with airdrops and incentives for participation.

• Innovation

• : Celestia’s approach is a departure from traditional monolithic blockchains, potentially unlocking new possibilities for builders.

Cons:

• New Technology

• : The DAS mechanism is relatively new and may lead to initial instability.

• Complexity

• : The modular nature of the network might be complex for new users and developers to understand and utilize effectively.

• Competition

• : Celestia faces competition from other layer 1 and modular blockchain projects.

• Market Volatility

• : As with all cryptocurrencies, TIA is subject to market volatility.

• Regulatory Uncertainty

• : The evolving regulatory landscape for cryptocurrencies could impact Celestia’s adoption and token value.

Why Should You Invest in the coin?

• First Mover Advantage

• : Celestia is the first modular blockchain network, potentially giving it a lead in this space.

• Scalability Solutions

• : Its focus on scalability through DAS could attract developers looking for long-term solutions.

• Active Development

• : The project has shown active development and community engagement, which could lead to increased adoption.

• Strategic Partnerships

• : Celestia has raised significant funds from notable backers, indicating strong support and potential for growth.

• Potential for Airdrops

• : Holding and staking TIA could make investors eligible for future airdrops, adding an incentive to invest.

USP of the coin

• Modular Architecture

• : Celestia’s unique modular approach allows for greater scalability and flexibility compared to traditional blockchains.

• Data Availability Sampling

• : The introduction of DAS as a new primitive for scalability is a key differentiator.

• Ease of Deployment

• : Celestia simplifies the process of launching new blockchains, which could lead to a diverse range of applications being built on top of it.

Problem the coin is solving

the scalability and complexity issues faced by monolithic blockchains by providing a modular framework that separates consensus from execution, allowing for more scalable and customizable blockchain solutions.

Founder and team background

• Mustafa Al-Bassam is the co-founder and CEO of Celestia Labs, the primary developer behind the Celestia project. His background is quite notable, as he was a Ph.D. student in computer science at University College London when he published a paper titled “LazyLedger,” which laid the groundwork for what Celestia would become.

• This paper proposed a radical rethinking of blockchain architecture, advocating for a modular approach that separates various functions of a distributed ledger to improve efficiency and scalability. His work with Celestia, alongside the co-founding team, aims to create a scalable and interoperable network of rollups without sacrificing decentralization or security.

• The Celestia project has been recognized for its innovative approach and has garnered attention for its potential to support the growth of modular blockchain networks.

ICO Price

• The ICO price for Celestia (TIA) was

• $2.3

• Private/Seed Sale Price

• The first private sale price was

• $0.0955

• , with $15 million raised.

• The second private sale price was

• $1.00

• , with $40 million raised.

• The seed sale price was

• $0.01

• , with $1.59 million raised.

• Fundraising Details

• The total amount raised during the private and seed funding rounds was

• $111.59 million

• The public sale accounted for

• $55.00 million (49%)

• of the total funds raised.

• The funding rounds (private and seed) accounted for

• $56.59 million (51%)

• of the total funds raised.

Risks Associated in Investing in the Coin

• Technological Risks

• : The new DAS technology may face unforeseen challenges or vulnerabilities.

• Adoption Risks

• : If Celestia fails to attract enough developers and users, the value of TIA could suffer.

• Competitive Risks

• : Other blockchain projects may offer similar or better solutions, impacting Celestia’s market share.

• Regulatory Risks

• : Changes in cryptocurrency regulations could negatively affect Celestia’s operations and TIA’s value.

• Market Risks

• : The cryptocurrency market is highly volatile, and TIA’s price could be affected by broader market trends.

Whitepaper Insights

Celestia is a modular blockchain network that introduces a new approach to blockchain scalability by decoupling execution from consensus. It is designed to serve as a data availability layer that allows anyone to launch their own blockchain easily. Here’s a summary of how Celestia works and its key features:

• Modular Design

• : Celestia’s architecture is modular, meaning it separates the functions of a blockchain into different layers. This allows for specialization and optimization of each function, leading to improved scalability and efficiency.

• Data Availability Sampling (DAS)

• : Celestia uses DAS to enable light nodes to verify the availability of block data without downloading the entire block. This mechanism allows the network to scale while maintaining verifiability for any user.

• Namespaced Merkle Trees (NMTs)

• : NMTs are used to organize block data into namespaces, allowing execution and settlement layers to download only the transactions relevant to them. This contributes to the scalability and efficiency of the network.

• Consensus and Data Availability

• : Celestia focuses on ordering transactions and ensuring their data availability. It uses a Proof-of-Stake (PoS) blockchain for the data availability layer, which is data-agnostic and does not validate or store the data.

• Light Nodes Contribution

• : Light nodes can participate in the security and throughput of the network by sampling data chunks. As more light nodes join, the network can handle larger blocks, increasing throughput without increasing the cost of verification.

• Community and Governance

• : Celestia is community-driven, with governance allowing token holders to participate in decision-making processes.

• Rollup Compatibility

• : Celestia is compatible with rollups, providing them with consensus and data availability while allowing them to handle execution and settlement. This enables rollups to operate more efficiently and at a lower cost.

Celestia’s approach to blockchain design aims to address the inherent scaling issues of traditional, monolithic blockchains by providing a more scalable, customizable, and efficient system. Its focus on data availability and consensus as separate functions allows for greater flexibility and scalability, making it easier for developers to create and deploy their own blockchains and decentralized applications.