Crypto News– Celestia TIA Token, TIA, is currently gaining momentum, with a trading value of $3.15 on the decentralized derivatives exchange, Helix. This surge in trading activity comes in eager anticipation of the imminent mainnet launch, which is scheduled for later this week.
One of the major players in the cryptocurrency exchange landscape, Binance, has provisionally set the listing date for TIA on October 31st at 16:00 UTC. It’s expected that TIA will be airdropped to approximately 600,000 wallets, making it a widely anticipated event in the crypto community. Kucoin and Bybit, both reputable cryptocurrency exchanges, have also confirmed that TIA will be available for trading starting at 14:00 UTC on the same day. This wide availability on prominent exchanges further highlights the potential of TIA as a tradable digital asset.
Notably, Celestia’s native token, TIA, is designed with a total supply of 1 billion tokens. Based on the current futures price, this valuation places its fully diluted market capitalization at a remarkable $3.1 billion. The network has clearly outlined its intention to distribute 60 million tokens to early adopters through an airdrop. However, the specifics regarding how much of the remaining total supply will be in circulation upon release are yet to be clarified. This aspect will be closely monitored by investors and the crypto community at large.
Despite the considerable excitement and interest surrounding TIA, it’s important to acknowledge that liquidity for this token on the Helix exchange appears to be somewhat limited. Currently, the daily trade volume is estimated to be around $3,000. While this may reflect the early stages of trading for TIA, it’s a critical aspect to watch as it could impact the token’s price movements.
Celestia TIA Token Commands a 3.15 Dollars Value in the Futures Market in Anticipation of an Upcoming Airdrop
One noteworthy detail is Celestia’s remarkable fundraising achievement. In October of the previous year, Celestia successfully secured an impressive $55 million in funding through a combined Series A and B funding round. This round was led by well-established and influential venture capital firms, including Bain Capital Crypto and Polychain Capital. The level of investment and support from such reputable institutions underscores the high degree of investor interest and confidence in Celestia’s blockchain network and its native token, TIA.
As the crypto market continues to evolve, TIA’s performance and its upcoming mainnet launch will undoubtedly be closely monitored by both traders and investors, making it one of the most anticipated developments in the blockchain and cryptocurrency space.
About Bitget
Bitget, founded in 2018, has quickly emerged as a prominent player in the world of cryptocurrencies. It is not only a cryptocurrency exchange but also a forward-thinking web3 company. With a global presence, Bitget operates in over 100 countries and boasts a vast user base of more than 20 million individuals. This wide-reaching user base attests to its appeal and reputation within the cryptocurrency community.
One of Bitget’s standout features is its innovative copy trading functionality, a valuable tool that empowers users to trade in a more informed and strategic manner. This feature, along with other trading solutions offered by Bitget, reflects the company’s commitment to enhancing the trading experience for its users. It’s designed to help both novice and experienced traders make the most of their cryptocurrency investments.
Bitget’s influence extends beyond the realm of cryptocurrency trading. The company offers a diverse range of web3 solutions that cater to various aspects of the blockchain and decentralized finance ecosystem. Among these solutions, Bitget provides a multi-chain wallet, delivering secure and convenient storage for a variety of cryptocurrencies. Additionally, the platform offers a seamless swap service, enabling users to exchange cryptocurrencies effortlessly.
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