Analysis of Celestia Airdrop and Economic Model: Outlook on Future Project Airdrop Trends

On the evening of September 26, the modular blockchain Celestia announced an airdrop of 60 million TIA tokens, benefiting 7,579 developers and 576,653 active on-chain addresses. Eligible users must claim before 20:00 on October 17.

Looking back at Celestia's previous financing situation, in 2021, a cryptocurrency investment company invested $40 million in Celestia through a fund. In July 2022, a venture capital firm added an investment of $62.61 million, and in October 2022, a capital firm led an investment of $55 million, resulting in a post-investment valuation of $1 billion.

From the scale of financing, the total amount of this Airdrop is considerable. However, there has not been a large-scale "毛" frenzy in the community; Celestia places more emphasis on fairness and genuine contributions in the design of its Airdrop rules. This article will provide a detailed interpretation of the Celestia Airdrop method, economic model, and its implications for future project Airdrops.

Celestia Airdrop Details: Incentivizing Real Contributors and Active Addresses

Celestia will allocate 60 million TIA to the following categories of users:

Protocol public goods and infrastructure

4.6 million TIA allocated to 3,838 eligible users, with a minimum of 1,198 tokens per person. This includes contributors to protocol public goods and infrastructure, Celestia and dependent project contributors, as well as EIP and BIP contributors.

Eth Research

1.4 million TIA allocated to 1,947 eligible users, with a minimum of 719 for each person. The condition is to create 1 topic or 1 post on the Eth Research forum before July 5, 2023.

Early Modular Ecology

8.35 million TIA allocated to 3,371 eligible users, with a minimum of 2,477 tokens per person. This includes the first cohort of modular researchers, organizations attending the Modular Summit, and projects in the Celestia ecosystem map released in July 2023.

GitHub Super Contributor

1.65 million TIA allocated to 1,604 contributors with at least 4 submissions, with a minimum of 1,028 coins per person. 4 million TIA allocated to 1,210 contributors with at least 23 submissions, with a minimum of 3,305 coins per person.

Ethereum rollups early adopters

20 million TIA will be allocated to the top 50% most active users on a certain platform with a TVL ranking in the top 10, requiring a wallet balance of at least 50 USD. A point system will be used to assess user activity, including multiple dimensions such as the number of interactions, transaction quantity and value, domain name ownership, account age, and more.

Cosmos Hub and Osmosis stakers

18.5 million TIA will be allocated to users who stake at least 75 dollars, and the same point system will be used to assess activity.

IBC Relay

1.5 million TIA allocated to 540 eligible addresses, with 2,777 TIA per address.

It is worth noting that the TIA token is currently not listed on any exchanges, and users should be wary of phishing risks.

Economic Model and Market Value Estimation

The total supply of TIA is 1 billion coins, with an initial inflation rate of 8%, decreasing by 10% each year until it reaches 1.5%. TIA can be used to pay network fees, Gas fees, POS staking, and governance voting.

The token distribution is as follows:

• 20% for the public community, released upon launch
• 26.8% for R&D and ecosystem, 25% for launch release, 75% to be released within 4 years
• 35.6% for early investors, 33% released upon listing, 67% released within 1-2 years
• 17.6% for core contributors, 33% released upon listing, 67% released within 1-3 years

The initial circulation is 267 million tokens, with a circulating market value of 270 million USD. Compared to similar projects, TIA's total market value after launch may range between 2.5 to 5.4 billion USD.

Future Airdrop Trend Outlook

As the method of Airdrop evolves, project parties and users enter a zero-sum game stage. Project parties are more inclined to allocate Airdrops to genuine technical contributors and highly active users, rather than simply distributing tokens.

Future airdrops may consider more dimensions, such as cross-chain activity and main chain activity. The overall trend is to seek more genuine contributors and active users to maximize airdrop value.

For developers, it is necessary to engage deeply in project activities; ordinary users need to continuously improve address activity, tackling both quantity and quality. Airdrops are evolving from simple coin distribution to precise marketing, testing the wisdom of the project team and the participation of users.