Tiamonds
Crypto Overview
Overview
Tiamonds (TIA) is the native token of the Celestia ecosystem, a modular blockchain network designed to solve blockchain data availability and scalability issues. The token launched in October 2023 and serves multiple utilities within the Celestia network.
Purpose and Utility
TIA serves several key functions: 1) Securing the network through staking, where validators and delegators can participate in consensus, 2) Paying for transaction fees and data posting on the network, 3) Governance participation in the Celestia DAO.
Business Model Analysis
The business model focuses on providing blockchain infrastructure services, particularly data availability and scaling solutions. The project does not involve any inherently prohibited activities like interest-based lending or gambling.
Real-World Adoption
Celestia has seen significant adoption since launch, with multiple blockchain projects already building on its infrastructure. The network has over 1,000 active validators and numerous development teams working on integration.
Token Distribution
The initial token distribution allocated 35% to core contributors and early backers with various vesting schedules, 30% to the community treasury, and 35% for ecosystem development and rewards. Vesting schedules and lock-up periods are implemented to prevent sudden dumps.
Development Activity
The project maintains active development with regular updates and improvements to the protocol. The GitHub repository shows consistent commits and multiple contributors working on the codebase.
Crypto Impact
To assign a comfort level investing in Tiamonds from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Tiamonds.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.