Helix, the decentralized order book exchange built on the Injective blockchain, has unveiled pre-launch futures, allowing users to trade upcoming tokens before their official launch or exchange quotes.
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 through the perpetual market, with listings on major exchanges expected to follow.
Traditionally, access to highly anticipated crypto tokens before their public launch has been reserved for early backers, venture capitalists and potential insiders through extensive derivatives and OTC deals. Helix’s action aims to disrupt this system and democratize trading access to pre-launch cryptocurrencies through its community-driven decentralized platform, a statement said.
Celestia token air drop
One of 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 more than 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 $1 billion valuation.
In addition to the decentralized derivatives trading products aimed at retail users, the project was unveiled Helix institutional in August. This is a dedicated on-chain platform for institutions, focused on security and compliance, allowing only KYC-verified, whitelisted addresses to transact.