Nami Exchange officially lists Celestia (TIA)

Dear Nami Community,

In order to expand the trading options to users and the community, Nami Exchange would like to announce the listing of Celestia (TIA) with TIA/USDT, TIA/VNST and TIA/VNDC spot and swap trading pairs at 2023-11-01 07:00 (UTC).

Deposits open since listing time and Withdrawals will tentatively open since 2023-11-01 16:00 (UTC).

What is Celestia (TIA)?

Celestia (TIA) is the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by rethinking blockchain architecture from the ground up. It is a minimal blockchain that decouples execution from consensus by introducing a new primitive, data availability sampling. Since Celestia does not impose any execution or settlement constraints, developers are free to define their own execution and settlement environments. This unlocks new, unrealized possibilities for builders and developers.

TIA is Celestia's native asset, which has some unique utilities:

  • Paying for blobspace: TIA, is an essential part of how developers build on the first modular blockchain network. To use Celestia for data availability, rollup developers submit PayForBlobs transactions on the network for a fee, denominated in TIA.
  • Bootstrapping new rollups: A core part of the Celestia vision is that deploying a blockchain should be as easy as deploying a smart contract. In the modular era, developers no longer need to issue a token to launch their own blockchain. Similarly to ETH on Ethereum-based rollups, developers may opt to bootstrap their chain quickly by using TIA as a gas token and currency, in addition to paying for data availability. In this mode, developers can focus on creating their application or execution layer, instead of issuing a token right away.
  • Proof-of-stake: As a permissionless network built with Cosmos SDK, Celestia uses proof-of-stake to secure its own consensus. Like in other Cosmos networks, any user can help secure the network by delegating their TIA to a Celestia validator for a portion of their validator’s staking rewards.
  • Decentralised governance: TIA staking also allows the community to play a critical role in decentralised governance over key parts of Celestia, such as voting on network parameters through governance proposals, and governing the community pool, which receives 2% of block rewards.

TIA Token Information

More information:

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1,000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.

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