Celestia, a modular blockchain network, has achieved a significant milestone in its development by successfully concluding its Token Generation Event (TGE) on October 31st. Operating on a Proof-of-Stake (PoS) consensus mechanism and integrating a Data Availability (DA) layer, Celestia empowers networks to leverage its platform for data posting, eliminating the need for individual chains to store and verify their own data. With its modular architecture, Celestia fosters seamless interoperability and communication among blockchain networks, ushering in a new era of interconnected utilities. By enabling the posting of data to a separate chain, Celestia effectively addresses scalability limitations, liberating individual chains from the burden of storing their own state. At the heart of Celestia's ecosystem lies its native asset, TIA, which plays a significant role in facilitating transactions, governing the network, and promoting decentralization. Under the guidance of experienced blockchain developers, Celestia's team remains dedicated to enhancing security, scalability, and decentralization within the blockchain space. For a more comprehensive exploration of Celestia's features and capabilities, you can refer to this article.
TIA, the native token of Celestia, has officially launched, becoming an integral part of the ecosystem. With a total supply of 1,000,000,000 tokens, TIA serves multiple purposes, including acting as a payment method, gas token, and governance tool. Token allocation was thoughtfully diversified, covering public allocation, R&D and ecosystem support, early backers, and initial core contributors. This approach ensures a fair and inclusive distribution of tokens, fostering a community-driven development. TIA holders can actively participate in network security through proof-of-stake, earning staking rewards and contributing to network stability. The Genesis Drop offers an opportunity for developers and users from different ecosystems to join Celestia and contribute to its growth. Overall, TIA's tokenomics and utility play a significant role in enhancing the Celestia ecosystem and promoting innovation and growth.
Hex Trust's custodial services are well-positioned to support Celestia's Mainnet Launch. As the sole licensed custodian in the APAC and FMP license holder for virtual asset custody services in the Middle East, Hex Trust delivers secure custody services for Celestia's token (TIA) through its institutional-grade platform, Hex Safe. This ensures the protection of digital assets for institutional clients and the broader Web3 ecosystem, playing a crucial role in the secure management of $TIA.
Additionally, Hex Trust actively supports Celestia's network growth by offering staking services through Hex Trust Markets (HTM). Through HTM, institutional investors can access digital asset markets and benefit from various solutions such as trading, OTC trading, liquidity management, and treasury management. Hex Trust Markets enables clients to actively participate in securing the network by running a validator node and staking their tokens, contributing to the network's security and earning staking rewards.
Hex Trust's comprehensive approach to custody and staking services ensures that institutional clients have secure custody solutions and the opportunity to actively engage in staking, promoting network participation within the Celestia ecosystem. Interested parties can contact the Hex Trust team at enquiries(at)hextrust.com to explore custody and staking opportunities for Celestia tokens ($TIA) and discuss how they can support their staking needs and maximize the benefits of participating in the Celestia network.
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