{"id":4285,"date":"2023-09-28T17:00:56","date_gmt":"2023-09-28T17:00:56","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4285"},"modified":"2023-09-28T16:17:25","modified_gmt":"2023-09-28T16:17:25","slug":"what-is-tia-celestia-what-does-it-do","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/","title":{"rendered":"What is Celestia (TIA)? What Does It Do?"},"content":{"rendered":"<p><strong style=\"color: #555555;\">Celestia<\/strong><span style=\"color: #555555;\"> (TIA) is a modular blockchain network, allowing anyone to easily create their private blockchain, without the hassle of initiating a new consensus network. The blockchains in Celestia operate simultaneously, independently, and securely.<\/span><\/p>\n<div class=\"group w-full text-token-text-primary border-b border-black\/10 gizmo:border-0 dark:border-gray-900\/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent\" data-testid=\"conversation-turn-5\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#What_is_Celestia\" title=\"What is Celestia?\">What is Celestia?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#Celestia_Token_Distribution\" title=\"Celestia Token Distribution\">Celestia Token Distribution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#Use_Cases_of_Celestia_Token\" title=\"Use Cases of Celestia Token\">Use Cases of Celestia Token<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#Celestia_Tokenomics\" title=\"Celestia Tokenomics\">Celestia Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#Overview_of_the_Project\" title=\"Overview of the Project\">Overview of the Project<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-tia-celestia-what-does-it-do\/#Redemption_of_Tiamonds\" title=\"Redemption of Tiamonds\">Redemption of Tiamonds<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"What_is_Celestia\"><\/span>What is Celestia?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span class=\"sc-eqUAAy ehnJkx\"><strong>Celestia (TIA) <a href=\"https:\/\/coinengineer.net\/blog\/celestia-announces-airdrop\/\">Tokens<\/a><\/strong> are the first launched in the community and fairly initiated DeFi Tokens. <strong>TIA<\/strong> Tokens are a deflationary cryptocurrency due to the decrease in supply over time. They combine three simple functions: Reflection, Rebalance, and Burn.<\/span><\/p>\n<ul>\n<li><span class=\"sc-eqUAAy ehnJkx\">1. Reflection: 5% of every purchase\/transfer\/sale fee is redistributed to all existing holders.<\/span><\/li>\n<li><span class=\"sc-eqUAAy ehnJkx\">2. Rebalance: 2.5% of every transaction fee is automatically transferred to the LCX token on Uniswap. The acquired LCX Token will be added to the long-term reserve of LCX.<\/span><\/li>\n<li><span class=\"sc-eqUAAy ehnJkx\">3. Burn: 2.5% of the tokens are automatically burned.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Celestia_Token_Distribution\"><\/span>Celestia Token Distribution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4290 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-TIA-300x138.png\" alt=\"Celestia (TIA)\" width=\"895\" height=\"412\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-TIA-300x138.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-TIA.png 872w\" sizes=\"auto, (max-width: 895px) 100vw, 895px\" \/><br \/>\n<span class=\"sc-eqUAAy ehnJkx\">Fair launch and distribution. Celestia (TIA) Tokens launch in the market in a fair, community-focused manner, without undergoing a token sale or Initial Coin Offering (ICO). TIA Tokens distribute to Tiamond holders at a rate of 1 $TIA per minute for a million minutes, following the &#8220;Own to Earn&#8221; model, for each Tiamond NFT.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Use_Cases_of_Celestia_Token\"><\/span>Use Cases of Celestia Token<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span class=\"sc-eqUAAy ehnJkx\">Tokenization has made transactions easier and simpler. Along with many other tokens in the crypto world, <strong>Tia Token<\/strong> emerged as the first in the community and became a fairly launched DeFi Token. There are also other use cases related to the token, which help in strengthening the LCX ecosystem as a whole, thanks to its connection with Tiamonds.<\/span><br \/>\n<span class=\"sc-eqUAAy ehnJkx\"><strong>TIA Token<\/strong> allows for a community-prioritized approach and a vibrant, diverse, and unique governance system that will actively direct the Tiamonds project into the future. The Airdrop will distribute it, and investors can stake it on the LCX platform or trade it on the LCX exchange.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Celestia_Tokenomics\"><\/span>Celestia Tokenomics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TIA Token operates on the Ethereum Blockchain, utilizing the ERC20 token standard. The team has established a maximum supply of 1,010,000,000 TIA, but will initiate with 210,000,000 TIA. This initial supply will distribute during the Token Generation Event (TGE), which is Genesis. However, the TIA Token economy has a deflationary structure, so the total supply will decrease over time.<br \/>\nThe production and distribution of new <strong>TIA<\/strong> Tokens will only occur in relation to the distribution of tokenized Diamonds, the creation of Tiamond <a href=\"https:\/\/tiamonds.com\/market\">NFTs<\/a>, and the Ownership Rewards model. The community will make decisions regarding the production and launch of TIA Tokens using the Tiamonds governance framework. The community will also determine the distribution rates and the amount of tokens to be allocated for each new Tiamond NFT.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Overview_of_the_Project\"><\/span>Overview of the Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"group w-full text-token-text-primary border-b border-black\/10 gizmo:border-0 dark:border-gray-900\/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent\" data-testid=\"conversation-turn-9\">\n<div class=\"p-4 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 gap-4 text-base mx-auto md:gap-6 gizmo:gap-3 gizmo:md:px-5 gizmo:lg:px-1 gizmo:xl:px-5 md:max-w-2xl lg:max-w-[38rem] gizmo:md:max-w-3xl gizmo:lg:max-w-[40rem] gizmo:xl:max-w-[48rem] xl:max-w-3xl }\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 gizmo:w-full md:gap-3 lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex flex-grow flex-col gap-3 max-w-full\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-3 overflow-x-auto whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Celestia (TIA) stands out as a top-notch project prioritizing project quality over investment price. This project occupies Layer 1 of the industry&#8217;s core infrastructure and has made significant strides in securing institutional financing on the public chain. Particularly, after the launch of APT at the end of last year, it has led to high expectations like SUI. It played a significant role when every famous public blockchain in the industry launched its own tokens.<\/p>\n<p>APT started in a bear market and quickly reached a market value of approximately 20 billion dollars; at one point, the token price approached 20 USD, and is currently fluctuating above 10 USD. <strong>Celestia (TIA)<\/strong> is top-notch in technology, architecture, team, financing, and other aspects and can compete with projects like Aptos and Sui. As the overall market conditions improve, <strong>Celestia<\/strong>&#8216;s future issues could occur in a more favorable market environment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4292 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-1-300x187.jpg\" alt=\"\" width=\"886\" height=\"552\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-1-300x187.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-1-768x479.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Celestia-1.jpg 1024w\" sizes=\"auto, (max-width: 886px) 100vw, 886px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Redemption_of_Tiamonds\"><\/span><span style=\"font-size: 100%;\">Redemption of Tiamonds<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"sc-gEvEer iscCEw about_container\"><span class=\"sc-eqUAAy ehnJkx\">Tiamond holders can use their Tiamonds and receive their diamonds physically. Using a Tiamond will destroy the token attached to the physical diamond. There are several steps to receive the diamond and keep it in your possession.<\/span><\/div>\n<div class=\"sc-gEvEer bRyhZz about_redemption d-flex justify-content-center align-items-center\">\n<ul>\n<li><span class=\"sc-eqUAAy OrqZF\">Firstly, you must have a fully verified LCX account.<\/span><\/li>\n<li><span class=\"sc-eqUAAy OrqZF\">Secondly, you should contact our support at hello@LCX.com.<\/span><\/li>\n<li><span class=\"sc-eqUAAy OrqZF\">Thirdly, we will email you the total shipping fee and service fee for the payment, along with the wallet address to which you will send the Tiamond NFT token for payment instructions.<\/span><\/li>\n<li>Fourthly, after you pay the fee and we receive the payment for Tiamond, we will retrieve your diamond from our vault and send it to the address you provided via mail, or you can personally pick it up from Liechtenstein.<\/li>\n<\/ul>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates instantly.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Celestia (TIA) is a modular blockchain network, allowing anyone to easily create their private blockchain, without the hassle of initiating a new consensus network. The blockchains in Celestia operate simultaneously, independently, and securely. What is Celestia? Celestia (TIA) Tokens are the first launched in the community and fairly initiated DeFi Tokens. TIA Tokens are a<\/p>\n","protected":false},"author":2,"featured_media":4289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[64,192,1600,1601,1579,1578,1603,1602,1604],"class_list":["post-4285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-airdrop","tag-blockchain","tag-celestia","tag-celestia-network","tag-celestia-node-airdrop","tag-celestia-testnet-airdrop","tag-project-review","tag-tia","tag-tiamond"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Celestia (TIA)? 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