Celestia (TIA)" What is it? What is it used for

Celestia is a modular blockchain network that allows anyone to easily create their own private blockchain without the hassle of launching a new consensus network, as it separates the consensus mechanism. These blockchains in Celestia are simultaneously scalable, independent, and operate securely.
What is Celestia?
TIA Tokens are the first DeFi Tokens launched and fairly initiated within the community in Celestia. TIA Tokens are a deflationary cryptocurrency due to a decreasing supply over time. These tokens amalgamate three simple functions: Reflection, Redistribution, and Burning. A total fee of 10% is automatically taken with each on-chain transaction, distributed in three ways:

1. Reflection: 5% of each purchase/transfer/sale fee is redistributed to all existing holders.
2. Redistribution: 2.5% fee from each transaction is automatically allocated to the LCX token on Uniswap. The acquired LCX Tokens will be added to the long-term reserve of LCX.
3. Burning: 2.5% of the tokens are automatically burned.

Token distribution for Celestia.

Celestia is a modular blockchain network that enables the easy creation of individual private blockchains without the need to launch a new consensus network. These blockchains within Celestia are scalable, independent, and operate securely, thanks to their separate consensus mechanism.

What is Celestia?

TIA Tokens are the first DeFi Tokens launched fairly and community-focused within Celestia without an initial coin offering (ICO). TIA Tokens follow a deflationary model due to a diminishing supply over time. They combine three simple functions: Reflection, Redistribution, and Burning. A 10% fee is charged for each on-chain TIA transaction, distributed as follows: 5% for Reflection, 2.5% for Redistribution, and 2.5% for Burning.

Celestia Token Use Cases

Tokenization has simplified transactions. Tia Token emerged as a pioneering DeFi Token within the community, being fairly launched, and contributes to enhancing the LCX ecosystem through its connection with Tiamonds, among other usage scenarios.
TIA Token allows for a community-centric approach and supports a vibrant, diverse, and distinctive governance system that actively steers the Tiamonds project into the future. The token will be distributed through airdrops, can be staked on the LCX platform, and traded on the LCX exchange.
TIA Token Airdrop: TIA Tokens will be distributed through airdrops to LCX Token holders, evenly distributed based on eligible user count.
TIA Token Governance: TIA Tokens can be staked on the LCX platform. The staked tokens can be delegated through the Tiamonds governance platform and used for voting purposes.

Celestia Tokenomics

TIA Token is based on the Ethereum Blockchain and employs the ERC20 token standard. Its maximum supply is set at 1,010,000,000 TIA but will begin with an initial supply of 210,000,000 TIA. This initial supply will be distributed during the Token Generation Event (TGE) called Genesis. However, the TIA Token economy is deflationary, resulting in a decrease in the total supply over time.
The creation and distribution of new TIA Tokens will occur only concerning the distribution of tokenized Diamonds, the creation of Tiamond NFTs, and the Ownership Rewards model. Decisions regarding the production and release of TIA Tokens will be made by the community using the Tiamonds governance framework.
Distribution ratios and the amount of tokens allocated for each new Tiamond NFT will also be determined by the community.

Project Overview

Celestia is considered a top-tier project focusing on project quality rather than investment price. Positioned at Layer 1 of the industry's foundational infrastructure, it has gained notable attention for institutional funding on the public chain. It particularly stirred high expectations following the launch of APT towards the end of last year, similar to SUI.
APT began in a bear market and swiftly reached a market cap of around $20 billion, at one point almost reaching $20 per token and currently fluctuating above $10. Celestia stands at the forefront in terms of technology, architecture, team, funding, and other aspects, competing at the level of projects like Aptos and Sui. As general market conditions improve, Celestia's future issuances might take place in a more positive market environment.

The Redemption of Tiamonds

Tiamond owners can utilize their Tiamonds and acquire physical diamonds. Using a Tiamond will result in the destruction of the token tied to the physical diamond. There are several steps to acquire the diamond and hold it in your ownership.
Firstly, you need to have a fully verified LCX account.
Secondly, you should contact our support via hello@LCX.com.
Thirdly, for payment, we will email you the instructions to send the total shipping and service fees to a wallet address where you will send the Tiamond NFT token.
Fourthly, once the fee is paid, the Tiamond is sent, and payment is received, we will retrieve your diamond from our vault and ship it to the address specified or you can personally collect it from Liechtenstein.