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Celestia is Conducting a Genesis Drop, Distributing 60 Million Tokens

Celestia is conducting a Genesis Drop, distributing 60 million tokens named “tia” to 7,579 developers and 576,653 on-chain addresses across Ethereum rollups, Cosmos Hub, and Osmosis. The organization has developed a modular blockchain architecture aimed at competing with established players like Ethereum. They separate the consensus mechanism from execution, allowing developers to deploy decentralized blockchains without creating a consensus network from scratch. Participants in the Genesis Drop can use tia tokens to purchase blob space and secure the network.

This initiative represents six per cent of the total token supply and concludes on October 17. Celestia’s mission is to enable anyone to launch their blockchain by paying for blob space with tia tokens, utilizing Data Availability Sampling (DAS) to scale with user numbers. Celestia Labs, the company behind this permissionless protocol, achieved unicorn status by raising $55 million nearly a year ago.

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Tommy Crush

Tommy is a dynamic and promising voice in the world of cryptocurrency writing, with a year of dedicated experience that has already left a significant mark. Born with an innate curiosity and a passion for emerging technologies, Tommy quickly found their niche in the thrilling realm of digital currencies and blockchain technology. His journey into the world of cryptocurrencies began as a personal exploration, but it wasn't long before they realized their talent for translating complex concepts into accessible, engaging prose. In just a short span of one year, Tommy has become a trusted source for readers seeking clear and insightful explanations of the ever-evolving crypto landscape. They have a remarkable ability to break down intricate blockchain mechanisms, decentralized finance (DeFi) protocols, and the latest trends in the market, making this complex subject matter approachable to both newcomers and experienced enthusiasts. Tommy remains committed to providing readers with accurate, insightful, and well-researched content that demystifies the world of cryptocurrencies. With an insatiable hunger for knowledge and a genuine passion for the subject matter, He is poised to be a driving force in shaping the future of crypto journalism. In their spare time, Tommy enjoys watching football, read news and believes in the power of blockchain technology to revolutionize industries far beyond finance. With a bright future ahead, Tommy invites you to join them on their crypto journey as they continue to explore, learn, and share their insights with the world.
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