TIA, the native token of modular blockchain network Celestia, is trading at $3.15 on decentralized derivatives exchange Helix ahead of the mainnet launch later this week.
Celestia's native token will have a total supply of 1 billion, putting its fully diluted value at $3.1 billion based on the futures price. The network said it plans to airdrop 60 million tokens to early adopters, although it is unclear how much of the remaining total supply will be circulating on release.
Liquidity for TIA is thin on Helix with daily trade volume equating to around $3,000.
Celestia raised $55 million in October last year in a combined Series A and B round led by venture capital firms Bain Capital Crypto and Polychain Capital.
Described as a modular data availability network, Celestia aims to become a platform that will allow others to build their own blockchains.
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