Yesterday, @SuccinctLabs announced a transfer of 354 million $PROVE tokens (35.4% of the total supply of 1B) after the snapshot. Speculation about the airdrop shares has divided into two camps.
Optimists: Firmly believe that the second place with a 10.5% share belongs to the airdrop address, as their wallet has 14 transactions of 1 $PROVE for testing.
Conservatives: Estimate that about 4% is for the airdrop share, as the token distribution can only be accurately calculated after the snapshot yesterday.
The 23.8257% is definitely for treasury ecosystem incentives, while 6.9413% could be for investor/VC lock-up. The remaining 4% should be for team lock-up, liquidity pool, partners/advisors, staking/proofers pool, marketing/growth fund, and so on.
Either it's 100 million $PROVE, and everyone celebrates.
Or it's around 40 million $PROVE, which is also acceptable.
The breaking time is said to be the 29th or the 30th, and if the breaking is the TGE, then there might be new token-related news this week?
Greta008
Guess which of these addresses is most likely to be the airdrop address for @SuccinctLabs? ()
Some pessimists say it's the 2.5% one, but I feel that's impossible. The airdrop ratio for large projects is generally between 5% and 15%; large projects have some pride. Moreover, generous airdrops are beneficial for the market direction when the strength allows.
For example, the "50 Largest Airdrops" report from CoinGecko mentions: UNI 15%, DYDX 7.5%, 1inch 6%, ARB 12.5%, OP 5%, ENS 25%, Blur 12%, TIA 6%, STRK 9%, zk 17.5%, W 11%, etc. APT indeed only has about 2%.
Also, don't bring up Lagrange, saying its airdrop is a fraction of a percent; that's shameless, they should sit at the dog’s table for meals.
If the circulation is around 20%, I lean towards the fourth address. If the circulation is only around 10%, I lean towards the seventh address.
Anyway, I personally think that this market's token issuance, the total value of the Succinct airdrop should be around 100 million dollars. There's still a week left, looking forward to ETH breaking 4000 or even 5000, and the Succinct airdrop will be very large!
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Market giving us delicious entries on this very healthy market wide pullback in alts after a week of gains. This is why you always need fresh powder handy, NOW DON'T FUMBLE IT 🎯
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Squiggly Hair Shanks
hear me out:
L2 treasury company
top portfolio holdings:
scroll, starknet, blast + celestia
The current price of Celestia is $2.0900. Since 00:00 UTC, Celestia has decreased by -6.86%. It currently has a circulating supply of 718,546,485 TIA and a maximum supply of 1,136,675,068 TIA, giving it a fully diluted market cap of $1.50B. At present, Celestia holds the 49 position in market cap rankings. The Celestia/USD price is updated in real-time.
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Celestia is a modular blockchain network that enables developers to build scalable, secure, and interoperable decentralized applications (dApps). Celestia decouples the data availability layer from the execution layer, allowing each layer to be optimized for its specific purpose. This makes Celestia more scalable and efficient than traditional monolithic blockchains.
How does Celestia work?
Celestia works by separating the blockchain into two layers: the data availability layer and the execution layer. The data availability layer is responsible for storing and validating transaction data, while the execution layer is responsible for executing transactions and updating the state of the blockchain.
The data availability layer uses a sampling mechanism to ensure that all transaction data is available to all nodes on the network. This makes Celestia more secure than traditional blockchains, as it is more difficult for attackers to tamper with the transaction data.
The execution layer can be implemented using any type of virtual machine, which makes Celestia more flexible and adaptable than traditional blockchains. Developers can choose the virtual machine that best suits their needs, and they can even build their own custom virtual machines.
Celestia price and tokenomics
Celestia's native token is TIA. TIA is used to pay for transaction fees, secure the network, and participate in governance.
TIA has a total supply of 1 billion tokens. The tokens are allocated as follows:
26.8% - R&D and ecosystem
19.7% - Series A and B investors
17.6% - Initial core contributors
15.9% - Seed investors
12.6% - Future initiatives
7.4% - Genesis drop and incentivized testnet
TIA is currently trading at $2.38 (as of November 1, 2023). It has a market capitalization of $336.99 million.
About the founder
Celestia was founded in 2021 by Mustafa Al-Bassam and Ismail Mahmutovic. Al-Bassam is a former software engineer at Google, where he worked on the development of the WebAssembly virtual machine. Mahmutovic is a former software engineer at Facebook, where he worked on the development of the Novi digital wallet.
Celestia highlights
Scalability: Celestia is designed to be scalable to millions of transactions per second.
Security: Celestia uses a variety of security features to protect the network and its users, including proof-of-stake consensus, sharding, and fraud proofs.
Interoperability: Celestia is interoperable with other blockchains, which means that Celestia dApps and smart contracts can communicate and interact with dApps and smart contracts on other blockchains.
Flexibility: Celestia is a modular blockchain, which means that its different components can be upgraded or replaced without disrupting the entire network. This makes Celestia more flexible and adaptable than traditional monolithic blockchains.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 8K new posts about Celestia, driven by 3.2K contributors, and total online engagement reached 2.3M social interactions. The sentiment score for Celestia currently stands at 75%. Compared to all cryptocurrencies, post volume for Celestia currently ranks at 1574. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Celestia.
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Celestia FAQ
How much is 1 Celestia worth today?
Currently, one Celestia is worth $2.0900. For answers and insight into Celestia's price action, you're in the right place. Explore the latest Celestia charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Celestia, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Celestia have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
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