Airdrop Alert πͺ : Celestia Ecosystem is your next big opportunity π―
P.S: Only ignore if you hate money π
The crypto market has been exploding lately, congrats to every diamond holder π, all the patience through the bear market is bearing sweeter fruits than the pain!
And no time would be better than now for airdrop hunting, right? π€©
CryptoCult is back better than before after a short break, awesome weekly contents coming your way soon!π
Today we bring you plenty of potential airdrop opportunities in the Celestia ecosystemπ
Topics Covered
Project 101 : What is Celestia and why is it special?
Past Airdrop eligibility criteria for $TIA stakers
Minimum $TIA you should stake
Wallet Setup [TASK]
$TIA staking tutorial [TASK]
Hyperlane Airdrop Guide [TASK]
Milkyway Airdrop Guide[TASK]
Project 101 : What is Celestia and why is it special?
Celestia is a modular blockchain network specifically designed to address the scalability issues plaguing current blockchain systems. It stands out by introducing a new approach to blockchain architecture, one centered on data availability and consensus
Here's a breakdown of key aspects
Modular Design : Celestia separates functions likeΒ data storage, transaction ordering, and execution. This allows developers to focus onΒ building application-specific blockchains, known asΒ rollapps, for specialized needs.
Data Availability Layer : Celestia shines in its ability to guaranteeΒ secure data availability. This means transaction data from rollapps is reliably stored and easily accessible for anyone to verify
Consensus Layer : While Celestia offers data availability, it doesn't handle transaction execution or validation. This task falls upon the rollups. Celestia, however, maintains a secure consensus layer, ensuring transaction ordering and preventing double-spending across the network.
Official Website β https://celestia.org/
Past Airdrop Eligibility criteria for $TIA Stakers
Celestia stakers have been quite fortunate in the airdrop department, reaping rewards from several projects leveraging its technology. Here are some notable examples:
DYM Airdrop : In December 2023, the Dymension Network airdropped tokens to $TIA stakers who held at least 1 TIA. A total of 70 million DYM were allocated, with 20 million specifically for Celestia stakers.
Saga Network Airdrop : Following suit, Saga Network airdropped tokens to $TIA stakers with over 23 TIA staked before December 1, 2023. Over 27,000 users qualified for this generous airdrop.
Upcoming Airdrops: The modular nature of Celestia encourages new projects to utilize its technology, potentially leading to more airdrops for $TIA stakers in the future. Staying informed about Celestia developments and project launches can help you identify potential airdrop opportunities.
Overall, being a $TIA staker offers the potential for lucrative airdrops and early access to innovative projects built on the Celestia network.
Minimum $TIA Staking Criteria
As you can see the cut off criteria for Airdrops can be as low as 1 $TIA or as High as 23 $TIA.
Our suggestion would be to stake according to your portfolio size and risk you are willing to take, even staking 1 $TIA could have qualified you for 205 $DYM tokens which according to current pre market price is $4 per token is worth over $800.
Staking more than 10 $TIA should be safe for most people if you have a bigger portfolio maybe more than 25 $TIA.
Wallet Setup
We shall use the Keplr wallet which is the most popular General cosmos ecosystem wallet
Download Wallet β https://www.keplr.app/download
Create a wallet and write down your seed phrase safely.
In the search section search for βtiaβ, click on it and add the celestia Network.
Click on DepositΒ section in the keplr wallet
Deposit some $TIA from any CEX that supports withdraws in Celestia Network into your keplr TIA wallet address starting with βcelestiaβ¦.β
You may also deposit any other Cosmos ecosystem coin like Injective, osmo or Atom and swap into TIA using Keplr walletβs native swap function. (gas fee are in cents)
$TIA Staking Tutorial
Visit β https://wallet.keplr.app/?modal=staking&chain=celestia&step_id=2
You will be given the option to choose a validator, you can search for βstakecitoβ and choose that one.
Type amount you want to stake and approve transaction (Remember that you can unstake your coins at any time but it will only unlock after 21 days)
There are two main benefits of staking, one is you get constant Airdrops, second is around 16% APR, downside is tokens are locked for few days and price of tokens may fall.
Go to βhttps://wallet.keplr.app/
And check your total portfolio staked and unstaked also validator you have staked in.
Letβs also cover 2 super high potential but underrated $TIA Potential Ecosystem Airdrops
Hyperlane Airdrop Guide
Hyperlane is the first universal and permissionless interoperability layer built for the modular blockchain stack.
Funding : $18.5M
First Youβd Have To Get You $TIA To Neutron, Go To Your Kelpr Wallet Click On $TIA, Select IBC Send, Select Destination Chain Neutron & Send Some $TIA, Gas Is Like Peanuts
Now Youβd Need Some NTRN For Gas, Swap Any Token To NTRN For Gas, About $1 Worth Should Do
Now Letβs Procees To Get $TIA To Manta Network
Visit β https://www.usenexus.org/
Connect Both Kelpr & MetaMask Wallet, Select Amount Of $TIA To Send & Click Self, Then Continue & Select Send To Manta Pacific & Approve Transaction In Keplr Wallet
1 transaction Done, now you can also send that TIA from Manta to Neutron to increase transactions
Milkyway
Milkyway offers liquid staking for $TIA on Osmosis. We can stake $TIA and receive $milkTIA tokens.
Token confirmed.
Note : Liquid staking is different from staking in a validator, staking in Milkyway wonβt count as above Airdrop criterias, do this for receiving Milyway protocol Airdrop if they do one.
Go to β https://app.squidrouter.com/
Bridge you $TIA from Celestia chain to Osmosis chain
Now Stake your $TIA for $milkTIA
Go to β https://app.milkyway.zone/
Stake your $TIA
Confirm Transaction
You will receive $milkTIA on Osmosis chain.
You can also provide LP
Go to β https://app.osmosis.zone/pool/1335
Click on create a position
Choose any strategy you want
Enter the amounts and submit
Confirm transactions in wallet
Congratulations you have completed all Tasks !
Keep Hunting, Keep Earning!
Cult Signing off until next time π«‘