Binance launched HODLer Airdrops exclusively for BNB holders. Users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects with a large token circulating supply that intend to soon list on Binance.
How to Benefit from HODLer Airdrops
đHead to [Earn] and search for BNB.
đSubscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.
đBinance will post an announcement before a HODLer Airdrops of new token begins.
đSnapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get usersâ hourly average balances in Simple Earn products (Flexible and/or Locked). Binance will use historical snapshots of user balances at random periods after this announcement to calculate user rewards.
What Is Babylonâs Core Innovation?
Babylonâs flagship achievement is trustless Bitcoin staking. Unlike solutions that wrap BTC on a different chain, Babylon employs Taproot scripts directly on the Bitcoin network. This means users retain self-custodyâno custodial bridging or third-party risk.
Simultaneously, Babylon Chain (built with the Cosmos SDK) acts as a coordinator between Bitcoin and various PoS networks, known as Bitcoin Secured Networks (BSNs). By embedding periodic checkpoints into Bitcoin, Babylon Chain leverages BTC timestamping for faster finality and reduced unbonding times.
What Is the Role of the $BABY Token?
đ„ Governance:BABY is Babylon Chainâs native token, used for voting on network upgrades, parameter changes, and resource allocation.
đ„ Utility & Fees: Transaction fees on Babylon Chain are denominated in $BABY. A portion of fees from matching BTC stakers and BSNs could also flow to BABY holders, aligning incentives.
đ„ Distribution: A wide-ranging airdrop ensures that Phase-1 BTC stakers, finality providers, open-source contributors, and community members all have a stake in Babylonâs success.
Could BABY become a cross-chain governance staple? The team believes it underpins the entire âBitcoin security-sharingâ marketplace, uniting incentives for stakers, validators, and partner blockchains.
Where Does Babylon Operate Technically?
đ Bitcoin Ledger: By using Taproot scripts, Babylon keeps BTC on Bitcoinâs main network.
đ Cosmos Ecosystem:Babylon Chain is built with the Cosmos SDK, enabling IBC (Inter-Blockchain Communication) with other Cosmos-based zones.
đ Future Ethereum/Solana Bridges: Babylonâs flexible design can extend BTC security to almost any PoS system or L2 rollup, fueling cross-chain potential.
How Does Babylon Labs Work? Staking Mechanics, Implementation, and BABY Airdrop
How Does Trustless Bitcoin Staking Operate?
đ„ Taproot Scripts: BTC is locked in specialized addresses, ensuring self-custody.
đ„ Babylon Chain Coordination: Relayers inform Babylon Chain about BTC transactions, linking staked BTC to validators and finality providers.
đ„ Finality Providers (FPs): Users can delegate BTC stake to FPs who validate blocks on Babylon Chain and various PoS networks.
đ„ Slashing Logic: If FPs cheat on any chain they secure, Babylon enforces a âprogrammable slashing,â making some staked BTC unredeemable.
How Does $BABY Fit In?
đ„ Governance: BABY holders vote on proposals affecting Babylon Chainâe.g., adopting new BSNs, adjusting fee policies, or upgrading software.
đ„ Fee Sharing: Part of the fees from matching BTC stakers to PoS networks may be distributed to $BABY stakers.
đ„ Airdrops: Phase-1 BTC stakers and community contributors receive BABY allocations, fostering a decentralized ownership base.
Are users concerned about slashing BTC? Babylon has conducted audits and rolled out features in phases, boosting trust that slashing will only occur for genuine misconduct. The rigorous approach is designed to safeguard the billions of dollars locked in Taproot scripts.
Babylon Labs is reshaping decentralized finance (DeFi) by channeling Bitcoinâs stability and liquidity into the broader crypto ecosystem. By preserving BTCâs self-custody model, Babylon Chain orchestrates a bustling marketplace of PoS networks eager for robust security. The newly launched BABY token unites this ecosystem under a transparent governance structure, rewarding both early adopters and key contributors.
