How do I receive the Season 2 airdrop?

Celestia is one of the most popular modular blockchain projects of 2023. The first airdrop, known as Genesis Drop, is now live! And their token economics suggest there will be more airdrops to come! This article explains what Celestia is and how to position yourself for the $TIA token airdrop.

Celestia Airdrop Step-by-Step Guide

Here’s a step-by-step guide on how to win a potential Celestia token airdrop:

1. Set up the development environment.
2. Install the Celestia node.
3. Install Docker.
4. Install the Celestia app.
5. Set up and run a node on the Celestia network.

See below for more details.

What is Celestia?

Celestia is a modular blockchain network that simplifies the blockchain deployment process. This is achieved by separating the consensus layer and the application execution layer. In essence, Celestia provides a pluggable consensus layer, which is usually the most difficult part of blockchain deployment due to the massive computational overhead. As a result, users can use this feature to focus on deploying the execution layer and building decentralized applications (DApps).

How is it different from existing blockchains?

Celestia scales differently than existing blockchains like Ethereum. Traditional blockchains have a monolithic architecture where all nodes perform execution, consensus, and data availability. These nodes, which are responsible for storing the entire blockchain history, become more expensive to operate as blockchain data grows over time.

Celestia, on the other hand, has a modular architecture where the consensus and data availability layers are separate from the execution layer. This separation allows nodes to execute specific transactions rather than all transactions, improving scalability.

Additionally, Celestia uses a new Data Availability Sampling (DAS) technology that allows light nodes to prove consensus without having to download and secure the entire blockchain, allowing for larger blocks and a higher number of transactions, further improving scalability. Improves.

Who is the team behind Celestia?

Celestia was co-founded in 2019. Mustafa Al Bassam (CEO), Ismail Kofi (CTO)and John Adler (CRO). They have a large team of blockchain veterans who have worked on large Web3 projects and organizations such as Ethereum, ConsenSys, Cosmos, Harmony, and Chainspace. In October 2022, Celestia successfully raised $55 million in a Series A and B combined round led by Bain Capital Crypto and Polychain Capital, bringing the company’s valuation to $1 billion.

Does Celestia have tokens?

Yes, Celestia has a $TIA token that is used to secure the network through proof-of-stake and pay transaction fees on the network. The token also has a fee burn mechanism similar to Ethereum’s EIP-1559, so burned fees offset the issuance of new tokens as the network gains adoption. According to the document, 7.4% will be allocated to the public during the ongoing Genesis Drop & Incentivized Testnet period. However, 12.6% will be allocated to future initiatives, which suggests there may be more airdrops in the future!

How to receive a potential Celestia $TIA token airdrop?

Your best chance to receive a Celestia airdrop is to run a node on the testnet, similar to the Aptos node validator. There are currently two live testnets: Arabica Devnet (for developers) and Mocha Testnet (for validators). According to their roadmap, we are approaching the “Incentivized Testnet 2023” phase of the roadmap right before the mainnet launch. However, an incentivized testnet is not the same as two live testnets. However, it is worth trying to set up a node as it could potentially include us in snapshots. Here’s how to set up a node and receive a potential Celestia token airdrop.

1. Set up the development environment. Set up your development environment to run Celestia software, which you can use for development, building binaries, and running nodes. For the full guide, go to docs.celestia.org/nodes/environment.
2. Install the Celestia node. Install Celestia Node for compatibility with Mocha Testnet or Arabica Devnet. This is also another prerequisite before running a node. For the full guide, go to docs.celestia.org/nodes/celestia-node.
3. Install Docker. Docker is an open platform for developing, delivering, and running applications. You need to run Celestia Node using Docker. For instructions, go to docs.celestia.org/nodes/docker-images.
4. Install the Celestia app. This is the last prerequisite before running the node. You will need to install the Celestia App, which is the binary file used to run Node. Go to docs.celestia.org/nodes/celestia-app for steps.
5. Set up and run a node on the Celestia network. There are several options to choose from. If you’re a beginner, I recommend starting out by running a Data Availability Light node.

   consensus:
   Validator Nodes: This type of node participates in consensus by creating and voting on blocks.
   Consensus Full Node: A Celestia-App full node that synchronizes blockchain records.
   data availability:
   Bridge Node: This node connects blocks between the data availability network and the consensus network.
   Full storage node: This node stores all data but is not connected to consensus.
   Light Nodes: Light clients perform data availability sampling on the data availability network.

What are the Celestia $TIA airdrop eligibility criteria?

Celestia just announced the airdrop eligibility criteria. The standards are broadly divided into four categories as follows:

• Research and Public Goods: These are public GitHub contributors to key protocol infrastructure, public goods, and ETH research.
• Early Modular Ecosystem: Rollup and public GitHub contributors to the main modular infrastructure.
• Early Adopters, Ethereum Rollup: Top 50% of active users of the top 10 TVL rollups on L2 Beat as of April 20, 2023, with a balance of $50 during the snapshot taken on January 1, 2023.
• Stakers and IBC relayers, Cosmos Hub and Osmosis: Stakers and IBC relayers with at least $75 in Cosmos Hub and Osmosis as of a snapshot taken on January 1, 2023.

How do I claim the Celestia airdrop?

Celestia airdrops can be claimed from now until 12:00 UTC on October 17, 2023. Eligible people can request a Celestia airdrop by adding their address to the Celestia Genesis block at https://genesis.celestia.org/. The tokens will then be automatically transferred to your wallet.

How to get a potential Season 2 airdrop?

In the Celestia Genesis Drop, 7.4% of the $TIA token supply was airdropped to the public. However, the document states that 12.6% will be allocated to future initiatives, which suggests that more airdrops could be done in the future! Here’s how you can receive the Season 2 airdrop.

1. Donate to Gitcoin
2. Interact with protocols and ecosystems.

Where can I trade Celestia $TIA tokens?

Celestia $TIA token was launched on November 1, 2023 and is available for trading (TIA/USDT trading pair) on Bybit, Binance, OKX, Gate,io and Bitget exchanges. As of this writing, the $TIA price is up 22.2%!

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Start trading! Check out our Bybit Exchange guide and review

How to claim the AltLayer airdrop for Celestia $TIA token stakers?

AltLayer has announced details about Airdrop Season 1. A total of 300 million $ALT tokens (i.e. 3% of the total supply) will be airdropped. The snapshot was taken at 12:00:11 on January 17, 2024 (UTC), and AltLayer airdrops can be claimed from January 25 to February 25, 2024. Of the $ALT tokens to be airdropped, 9.92% (i.e. 29.76 million) $ALT will be airdropped to Celestia Stakers.

However, due to technical issues, the AltLayer airdrop for $TIA stakers may be claimed at a later date. The AltLayer and Celestia teams are currently collaborating on an airdrop portal for TIA stakers. So, stay tuned to AltLayer’s social media channels for further updates.

Airdrop Review

There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure that it has an actual use and purpose when participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.

Airdrop possibilities: Celestia’s first airdrop, known as the Genesis Drop, is currently underway. And with 12.6% of the token supply allocated to future incentives, there are likely more airdrops to come!

Airdropped token allocation: 7.4% of the $TIA token supply will be allocated to the public during the ongoing Genesis Drop and incentivized testnet period. However, 12.6% will be allocated to future initiatives, which suggests there may be more airdrops in the future!

Airdrop Difficulty: The steps involved are very technical and difficult, as running a node will likely qualify you for an airdrop.

Token Utility: Tokens are used to secure the network through proof-of-stake and to pay transaction fees on the network.

Token Lockup: $TIA tokens, which will be distributed according to public allocation, will be fully unlocked at launch.