Binance has unveiled Babylon (BABY) as its 14th HODLer Airdrop project, set to benefit BNB holders. BABY will be listed on Binance on April 10 at 10:00 UTC, with trading pairs including
BABY/USDT, BABY/USDC, BABY/BNB, BABY/FDUSD, and BABY/TRY. The listing will have zero trading fees, but users are advised to proceed cautiously due to the project’s volatility and its Seed Tag status.
1. Key Highlights:
1. Retroactive BNB Simple Earn Memberships:
Users who subscribed their BNB to Simple Earn (Flexible/Locked) and/or On-Chain Yields products between March 7 (00:00 UTC) and March 12 (23:59 UTC) will receive a BABY airdrop distribution.
2. HODLer Airdrops:
Designed to reward BNB holders, the HODLer Airdrop token payment comprises 75 million $BABY tokens (0.75% of Genesis supply).
3. Total Tokenomics:
Genesis Token Supply: 10 billion BABY tokens.
Inflation: 8% annual inflation in the first year, adjustable via governance proposals from the second year onwards.
Post-Listing Circulating Supply: 2.29 billion BABY tokens (~22.9% of total supply).
Marketing Campaign Allocation: 121.6 million BABY tokens to be distributed over six months.
4. Blockchain Innovation:
Babylon introduces self-custodial Bitcoin ($BTC ) staking directly on the Bitcoin network, enhancing the security of PoS blockchains
Additional Information:
Binance emphasizes careful investment consideration as BABY is a new project that may exhibit higher volatility than more established tokens.
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