Users received between $400 and $21,000 in TIA tokens for completing various tasks that supported the development of the Celestia network
Celestia
Expired
Progress mission: 0 of 3
Expired
Rewards
Reward Results
$440 $21,000
Details
Minimal cost
Free
Time required
15 min.
Category
Testnet
Rating
7/10
Risk
Low
Deadline
2023-01-01
Celestia distributed 60 million TIA tokens in an airdrop to a wide range of ecosystem participants and creators. Eligible recipients included users of the leading 10 Ethereum rollups such as Arbitrum and Optimism, stakers on Cosmos Hub and Osmosis, as well as contributors on public GitHub repositories, who could claim their complimentary TIA tokens.
The Genesis Drop allocated 60 million TIA (6% of total supply) across the categories described in the table below. TIA documentation provided further details of Celestia’s token model, supply, and fee market.
Approximately 40% of the TIA tokens distributed by Celestia's TIA platform during the airdrop were received by airdrop hunters, according to researchers at X-explore.
This time, the project rewarded numerous participants for a completely different type of activity. The smallest token amount awarded was 160 TIA, which was equivalent to $440 at the time of listing. Meanwhile, node operators received between 6,000 and 8,000 TIA tokens per node, amounting to $16,000 - $21,000 during the listing period.
Pros & Cons
Why is it worth it?
Zero Cost
These are testnet activities so they are free and only cost time and patience
Funding
They have raised $56.5 million dollars and believe in decentralization
Risks to consider
Built for developers
There is no core celestia testnet available to regular users only developers who can create/deploy their own rollup
How to participate?
The project currently doesn’t have an incentivized testnet and they are very direct in stating that when requesting for faucet funds, however Celestia is built as a data availability layer while they plan on having to have rollups work as settlement and execution layers.
I believe the best approach is to interact with projects in their ecosystem pending when they announce an incentivized testnet, these activities are free so there’s no risk.