News - Why Celestia is so popular with airdrop hunters

By Sam Fröling

Why Celestia is so popular with airdrop hunters

Why Celestia is so popular, with airdrop hunters

More than 50 percent in one week: TIA is still unstoppable. Airdrops seem to be attracting new investors.

Almost no other cryptocurrency has performed as well as Celestia (TIA) in the altcoin rally that began in November. Just a month after its launch, TIA was one of the best performers in the industry, with an impressive gain of 270 percent. A few weeks later, the coin continues to break records and recently reached a new all-time high of US$20. Among other things, Celestia is designed to scale layer 2 networks, which correlates TIA's performance with the ongoing layer 2 boom.

Consequently, the demand for TIA seems to be unbroken. Not only among ordinary investors, but also among those looking for new airdrop opportunities. Celestia already distributed its own TIA token to certain users in this way last October. So where exactly does the new hype come from?

Strike and "double yield"

Celestia's close ties to existing and emerging Layer 2 networks are key to TIA's appeal. Validators of the Celestia blockchain deploy TIA, ensuring the network efficiently guarantees the availability of data from other blockchains. As they scale better with Celestia, they have an incentive to reward Celestia stakers. In other words, TIA stakers secure more than one blockchain service and can therefore expect more rewards.

Buy Celestia

On the one hand, Celestia pays its validators a whopping 16 percent wagering return. Second, there is an allocation of certain layer 2 tokens, usually those networks that are just launching their coin. For example, TIA stakers were able to get 20 million DYM tokens during the Dymension mainnet airdrop. There are also indications that the new layer 2, Manta Network, could reward Celestia stakers with a distribution of MANTA tokens after the two have been working together since December.

Airdrop strategy for TIA and other crypto currenties

The resulting strategy for airdrop hunters would therefore be very simple: buy TIA, deploy it and take advantage of future airdrops. And also benefit from the price development of the TIA token, provided demand remains high due to airdrop prospects.

There is no guarantee of future benefits to TIA stakers. Nor that the token will continue its brilliant performance. However, the probability is probably high due to its close correlation with the competitive and growing layer 2 sector. These simple steps can increase your own chances of future airdrops: Celestia (TIA)

Buy easily on our site TIA and other cryptos. The page to buy Celestia can be found here.

2. download wallet

To receive airdrops, the tokens will likely need to be held and stored in-house. This requires a Cosmos-compatible wallet to which the purchased tokens can be transferred from the exchange. Keplr, which has its own dashboard has for stakers in the Cosmos ecosystem, is popular for this purpose. The corresponding wallet address must then be entered in the payout window on our site or that of an exchanges.

3. Celestia stakers

In Keplr's strike window, users are shown a list of different providers to choose from. Important: For some providers, the fee (commission) is very high (more than 20 percent). If you want to give up less of your wagering rewards, you should join a provider with a lower fee.

By clicking "Stake," the step is already taken. From here, stakers need only keep an eye on the crypto space to see which projects are collaborating with Celestia and to report an airdrop.

Also read: Altcoin sell-off causes turmoil ahead of ETF approval

Download the Anycoin App

Finally, a crypto app for everyone!

Check it out