TIA Risk

Celestia (TIA)
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DESCRIPTION

TIA is the native utility token of the Celestia platform, a modular blockchain network designed to optimise scalability and flexibility for decentralised applications (dApps). Celestia introduces a novel approach to blockchain infrastructure by separating consensus and data availability, allowing developers to deploy custom blockchains without the need for their own consensus layer. The TIA token is integral to the operation of the Celestia network, facilitating activities such as securing the network, paying for transaction fees, and participating in governance decisions. TIA holders can stake their tokens to contribute to network security and earn rewards, as well as engage in protocol upgrades and governance proposals that shape the future of the platform. This decentralised and modular structure positions Celestia as a key player in the evolution of scalable blockchain ecosystems.

Celestia (TIA) Whitepaper: https://celestia.org/what-is-celestia/

‍RISKS OF CELESTIA
Investing in cryptocurrency and digital assets, such as Celestia (TIA), carries inherent risks, including but not limited to:
(i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc. Services Risk Statement. Please note that these risks and the associated summaries or overviews provided herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to TIA. We encourage all users to perform their own due diligence to assess the risks associated with TIA and to determine whether this level of risk is acceptable to them. Neither TIA nor Satstreet guarantees the value of TIA, and holders of TIA will not have any recourse to TIA or Satstreet if the value of TIA declines for any reason whatsoever.

‍SATSTREET EVALUATION OF TIA
Satstreet Inc. has reviewed and assessed TIA prior to making it available through our services and has concluded that TIA is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove TIA from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about TIA, including an opinion that TIA is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed TIA, including, but not limited to, a review of the following: The creation, governance, usage, and design of TIA, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created TIA. The supply, demand, maturity, utility, and liquidity of TIA. Material technical risks associated with TIA, including any code defects, security breaches and other threats concerning TIA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with TIA, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TIA, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to TIA about whether TIA, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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