Injective DEX Helix unveils pre-launch futures for upcoming tokens, starting with Celestia

Injective DEX Helix unveils pre-launch futures for upcoming tokens, starting with Celestia

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  • Decentralized order book exchange Helix has introduced pre-launch futures, allowing the trading of tokens before their official launch.
  • The Celestia (TIA) token, whose airdrop claims process concluded earlier today, will be the first listing via the new product offering.

Helix, the decentralized order book exchange built on the Injective blockchain, has unveiled pre-launch futures — enabling users to trade upcoming tokens before their official launch or exchange listings. 

The inaugural Helix pre-launch futures market will feature the Celestia (TIA) token. Helix said it will be the first exchange to offer the general public access to TIA via its perpetual market, with listings on major exchanges expected to follow.

Traditionally, access to highly anticipated crypto tokens before their public launch is reserved for early backers, venture capitalists and potentially insiders via elaborate derivatives and OTC deals. Helix’s move aims to disrupt this system and democratize trading access to pre-launch cryptocurrencies via its community-driven decentralized platform, according to a statement.

Celestia token airdrop

Among the tokens for which traders can access pre-launch futures is Celestia, which recently announced an airdrop.

Celestia’s token airdrop claims process concluded earlier today with over 190,000 claimants and will be distributed in the coming days. Celestia is a modular blockchain network, with developer Celestia Labs previously raising $55 million in funding from investors, including Bain Capital Crypto and Polychain, at a valuation of $1 billion.

Besides its decentralized derivatives trading products aimed at retail users, the project unveiled Helix Institutional in August. This is a dedicated on-chain platform for institutions, focused on security and compliance — only allowing KYC-verified, whitelisted addresses to engage in trades.

This article originally appeared on The Block.


About Helix

Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.

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