YEREVAN (CoinChapter.com) – Saga, a blockchain platform, included members of the Celestia blockchain community in its comprehensive airdrop initiative. This airdrop was part of Saga’s efforts to reward “loyalty and active engagement” in its ecosystem. Specifically, individuals who staked more than 23 TIA tokens, the native token of Celestia, between November and December 2023 were eligible for the Saga community airdrop.

The latter might have sparked additional interest in the TIA coin, helping it to a new all-time high. But more on the coin in a minute, let’s see what the Airdrop was all about.

NOTE: Remember the Saga Phones that brought Solana and BONK coin a lot of traction? The Saga blockchain has NO CONNECTION to it.

Saga Airdrop Might Have Facilitated Interest In Celestia

The Saga airdrop, initiated in late Q3 of 2023, is an extensive program to reward members of various crypto communities, including those involved with Cosmos (ATOM), Celestia, Polygon (MATIC), and Avalanche (AVAX). This airdrop is part of Saga’s initiative to build a diverse and engaged community across different blockchain ecosystems.

Eligibility for the airdrop extends to those who have actively participated in these communities.

For instance, ATOM holders who staked their tokens between April and October 2023, and Celestia users who staked more than 23 TIA tokens between November and December 2023, are included in the airdrop. Similarly, engagement with Polygon and Avalanche during specific periods in 2023 also qualifies participants for the airdrop.

In addition to the direct airdrop, Saga also ran a “Play-to-Airdrop” campaign, allowing participants to engage in various games and tournaments. Successful participants in these events, who met certain leaderboard thresholds, became eligible for the airdrop as well.

As mentioned, the Saga Airdrop sparked interest in Celestia, pushing the TIA coin to its new all-time high.

TIA Coin at New Record High

TIA/USDT exchange rate stood at $16.4 on Jan 5, after a 40% uptrend in the previous 48 hours. Notably, the coin traded within a consolidation channel since mid-December but broke it to the upside on Jan 4.

While the declining trading volumes are quite typical for consolidation periods, TIA investors doubled down on Jan 4, breaking the record in network activity as well as the price.

The post Saga Airdrop Pumps Celestia TIA to Record High appeared first on CoinChapter.

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Filed under: Bitcoin - @ January 5, 2024 7:02 pm