Celestia(TIA) Initiating Genesis Drop

Celestia's genesis block, expected later this year, will start the first modular data availability network. With it will arrive TIA, the native asset of Celestia.

Like in other permissionless protocols, TIA enables participation in network consensus and decentralised governance of network parameters and the community pool.

But core to Celestia’s mission is empowering anyone to launch their own blockchain in minutes, simply by paying for blobspace with TIA. This enables rollup developers to tap into the abundant blobspace enabled by Data Availability Sampling (DAS), the first blockchain architecture which scales with the number of users. In the modular era, developers have the freedom to choose whatever asset(s) they want as a gas token or currency of their rollup—or can opt to bootstrap quickly using TIA.

To advance that vision, today the team is initiating the Genesis Drop.

The Genesis Drop invites 7,579 developers and 576,653 onchain addresses on Ethereum rollups, Cosmos Hub, and Osmosis to join Celestia, allowing them to pay for blobspace and secure the network from the first block.

From today until 17 October, 2023, 12:00 UTC, eligible developers and addresses can add their address to the Celestia genesis block by visiting genesis.celestia.org. Tokens claimed via the Genesis Drop will be accessible directly in-wallet from the first block.

Please note: https://genesis.celestia.org is the only way to access the Celestia Genesis Drop. Neither the claiming site, any member of the Celestia Labs team, nor any member of the Celestia Foundation will ever ask you to enter your private key or transfer tokens of any kind from your wallet.

More to read: https://blog.celestia.org/genesis-drop/

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