Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops
January 13 2024 - 10:00AM
NEWSBTC
Celestia is the star of the modular network in late 2023 after its
airdrop and staking TIA has become a good way to receive
airdrops. Celestia is a chain that a lot of people overlooked
because, before the launch, there was not a lot of information
about Celestia and the airdrop. However, in the fast-paced world of
cryptocurrency, overlooked gems can often surprise the market, and
Celestia Network is no exception. Celestia (TIA) Airdrop And
What People Missed Celestia network had stayed out of the limelight
until it announced an airdrop eligibility site. Lots of people
didn’t bother checking if they were eligible for an airdrop,
because they felt it was irrelevant, people didn’t claim their
airdrop at the deadline as requested by the team, which made the
team extend the date to give more people the chance to claim.
Related Reading: How To Bridge And Trade On The Injective (INJ)
Network At the end of the claim period, there were a lot of
unclaimed airdrops to the extent the team had to distribute all the
unclaimed airdrops to the wallets that claimed their airdrops,
meaning that eligible wallets got double their initial
allocations. After the airdrop, the team focused on
developing and creating utility for their chain, making the price
of TIA skyrocket, as the demand for the chain and its token started
to grow. TIA Utility: Data Availability and Scalability
Celestia gives great utility towards Data Availability and
Scalability giving other chains or upcoming chains a foundation to
learn and work on. The Celestia team’s innovative approach,
combined with partnerships and a focus on utility, set it apart in
a crowded space. In this guide, we will delve into the
dynamics of Celestia, explore its transformative airdrop strategy,
and discuss how staking TIA can position you for not only handsome
rewards but also exclusive airdrops. Unlike many projects
that fizzle out post-airdrop, Celestia took a different path. The
team continued developing the platform, adding significant utility
to the Celestia chain. This utility, focused on data availability
and scalability, spurred demand for the native token, TIA,
ultimately driving its price higher. Celestia (TIA) Network
Collaborations Celestia has partnered with most roll-ups of other
chains like the Manta network which is another rollup that has been
able to combine utility from the calamari network, and the EVM
network. Collaborating with Celestia for better scalability and
data availability increased the demand for Celestia(TIA).
Related Reading: Solana Meme Coins: A Guide to Buying, Trading, And
Profiting From SOL Investments Celestia (TIA) Network Airdrop
Distribution Celestia changed the way they distributed their TIA
airdrop, which was different from what the market was used to. The
Celestia pre-launch had incentivized node running events, rewarding
node runners, but that was not enough to bring more people into
exploring its ecosystem, it had to distribute its airdrop by
rewarding all EVM users. If you had interacted on the EVM chain,
you were eligible for the TIA airdrop. Now, let’s delve
deeper into the details surrounding TIA staking, Celestia’s impact
on the crypto space, and the broader implications for investors
seeking to navigate this dynamic landscape. Reasons To Stake TIA
Staking TIA offers a multifaceted investment strategy, combining an
attractive Annual Percentage Rate (APR), potential airdrop
eligibility, and the broader positive trajectory of the Celestia
platform. Taking a closer look at TIA staking, investors are drawn
by the appealing APR, often exceeding 10%. However, it’s
essential to note that the choice of validator plays a crucial role
in determining the staking rewards. As the Celestia platform
continues to innovate and gain prominence, the allure of TIA
staking is further heightened. Celestia’s commitment to enhancing
scalability and data availability. This, in turn, has led to
increased demand for TIA, solidifying its position as a valuable
asset within the crypto market. Celestia’s unique utility and
game-changing capabilities have positioned it as a frontrunner in
the blockchain space. As a result, any new chain looking to launch
and conduct a successful airdrop finds integrating TIA stakers as
an effective strategy to garner attention. This is particularly
true for projects building on the Celestia platform, where TIA’s
association adds a layer of credibility and visibility The
association of TIA with projects like Dymension, where TIA stakers
met airdrop eligibility criteria, underscores the growing trend of
projects leveraging TIA stakers for increased visibility and
credibility. As more projects within the Celestia chain ecosystem
emerge, the potential for additional airdrops targeted at TIA
stakers becomes increasingly promising. While this analysis sheds
light on the potential benefits of staking TIA, it’s crucial to
acknowledge the ever-changing nature of the crypto market.
Therefore, individuals considering TIA staking should conduct
thorough research and stay updated on market trends to make
informed decisions. Related Reading: Top 5 Events That Shook
Up The Crypto Industry In 2023 Exchanges to Buy Celestia (TIA) To
embark on the journey of acquiring TIA, one can explore various
prominent exchanges where TIA is listed. Platforms such as Binance,
Kucoin, OKX, and Bybit offer a convenient gateway for purchasing
TIA. A critical component of the staking process is securing
a Keplr wallet. The Keplr wallet is an essential tool for managing
and staking TIA securely. Users can download the wallet, create a
new wallet by saving the seed phrase, and take precautions to
safeguard their keys. The importance of protecting access to one’s
crypto assets cannot be overstated, as the security of the Keplr
wallet directly correlates with the safety of the stored TIA
holdings. How to Get Your TIA Wallet Address Go to your Keplr
wallet and get your TIA address. You can get it by typing TIA in
the search bar, but if it’s not available, you have to make it
available. Click on the hamburger sign at the top left corner:
Click on Manage Chain Visibility next, type TIA, enable it, and
Save it: Go to your wallet dashboard and copy your TIA address,
remember, the address is supposed to start with “Celestia”. Go to
your crypto exchange and send TIA to that address. The
process of obtaining TIA is straightforward, with the
cryptocurrency available across major exchanges. Additionally,
users can explore the option of bridging from other Cosmos chains,
such as converting ATOM on the Cosmos chain or INJ on the Injective
chain to TIA. Once TIA is secured in the Keplr wallet, staking
becomes the next logical step. Users can access the Celestia
Staking dashboard on Keplr, choose a validator based on their
preferences, and stake their TIA accordingly. Choosing a validator
that offers a high percentage of rewards is best. It’s important to
note that unstaking TIA involves a 21-day processing period,
requiring users to plan their actions accordingly. Protect
Your Staked TIA Securing a Keplr wallet is paramount for those
looking to engage in TIA staking. The wallet serves as a secure
tool for managing and staking TIA, requiring users to download it,
create a new wallet with a saved seed phrase, and take necessary
precautions to safeguard their private keys. Never store your
seed phrase in a place where it can be accessed on the internet. Do
not copy your seed phrase on your device. It is best to write down
your seed phrase on a piece of paper and keep it in a place only
you can access. Related Reading: Is A Bitcoin Spot ETF Approval A
Sell The News Event? Experts Respond CONCLUSION It’s crucial to
emphasize that the information provided here is not financial
advice, but rather an analysis of the current trends in the crypto
market. However, the logic behind acquiring TIA and staking is
compelling. The demand for TIA has been on a consistent
uptrend, driving its value from an initial $2.2 to well over $10.
The combination of robust staking rewards and the prospect of
participating in airdrops makes TIA an enticing asset for investors
looking to maximize their returns. TIA price crosses $13 | Source:
TIAUSD on Tradingview.com Featured image from BSC News, chart from
Tradingview.com
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