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How much is the circulation of Celestia(TIA) currency?
As of [date], the circulating supply of Celestia's native currency, TIA, stands at approximately 100 million tokens, representing 50% of the network's total capped supply.
Dec 08, 2024 at 09:28 pm
How much is the circulation of Celestia(TIA) currency?
Celestia is a layer-1 blockchain protocol designed to provide a scalable and secure platform for decentralized applications. TIA is the native cryptocurrency of the Celestia network. It is used to pay for transaction fees, secure the network through staking, and participate in governance.
Circulating Supply
As of [date], the circulating supply of TIA is approximately 100 million tokens. This represents approximately 50% of the total supply of TIA, which is capped at 200 million tokens.
Distribution of TIA
The distribution of TIA is as follows:
- Team: 20%
- Investors: 25%
- Community: 40%
- Ecosystem: 15%
The team and investors' tokens are subject to a vesting period, which means they cannot be sold for a certain period of time. This helps to ensure the long-term stability of the Celestia network.
Tokenomics
The tokenomics of TIA are designed to incentivize participation in the Celestia network and to ensure its long-term sustainability. The following are some key features of the TIA tokenomics:
- Staking: TIA holders can stake their tokens to secure the network and earn rewards. Staking helps to validate transactions and maintain the security of the network.
- Transaction Fees: TIA is used to pay for transaction fees on the Celestia network. Fees are paid to validators who process and validate transactions.
- Governance: TIA holders can participate in the governance of the Celestia network. They can vote on proposals that affect the development and operation of the network.
Future of TIA
The future of TIA is promising. The Celestia network is a promising project that has the potential to revolutionize the blockchain industry. The TIA token is essential to the operation of the Celestia network, and its value is expected to grow as the network grows.
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