Note: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 14th project on the HODLer Airdrops page – Babylon (BABY), a project that enables self-custodial BTC staking directly on the Bitcoin Network to enhance the security of PoS blockchains. Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-03-07 00:00 (UTC) to 2025-03-12 23:59 (UTC) will get the airdrops distribution. The HODLer Airdrops information is estimated to be available in 12 hours, and the new token will be distributed to users’ Spot Accounts at least 1 hour before trading starts.
Binance will then list BABY at 2025-04-10 10:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs. The seed tag will be applied to BABY. Users can start depositing BABY in 6 hours after this announcement.
Token Name: Babylon (BABY)
Genesis Total Token Supply: 10,000,000,000 BABY
Max Token Supply: Infinite (8% annual inflation for the first year. Inflation rate for year 2 onwards is subject to governance proposals)
HODLer Airdrops Token Rewards: 75,000,000 BABY (0.75% of Genesis Total Token Supply)
Additional 121,600,000 BABY will be allocated to the other marketing campaigns (in batches) 6 months after spot listing. Details will be shown in a separate announcement.
Total Token Supply upon Listing on Binance: 10,015,636,491 BABY
Circulating Supply upon Listing on Binance: 2,294,036,491 BABY (22.90% of total token supply)
Network Details: Babylon Explorer (will be available at public launch)
Listing Fee: 0
Research Report: Babylon (BABY) (will be available within 24 hours of publishing this announcement)
BNB Holding Hard Cap: User’s Average BNB Holding / Total Average BNB Holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards). By subscribing BNB to On-Chain Yields, users are automatically eligible for HODLer Airdrops and Launchpool rewards.
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products and/or On-Chain Yields, users can automatically qualify for token rewards.
Head to [Earn] and search for BNB.
Subscribe to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products with your BNB holdings.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products. Binance will use historical snapshots of user balances at random periods after this announcement to calculate user rewards.
For example, reward calculation for HODLer Airdrops on 2024-06-11 may use snapshots of user balances between 2024-06-01 to 2024-06-07 as reference.
Eligible users will receive HODLer Airdrops rewards in their Spot Accounts within 24 hours after the HODLer Airdrops is announced.
Website: https://babylonlabs.io/, https://babylon.foundation/
X: https://x.com/babylonlabs_io, https://x.com/bbn_foundation
Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in HODLer Airdrops.
The airdrop token will be automatically transferred to each user’s Spot Account before it lists on Binance Spot.
If there is more than one HODLer Airdrops projects running concurrently, users' BNB assets in BNB Simple Earn Products (both Flexible and Locked) and On-chain Yields Products will be allocated into those projects, unless otherwise specified.
BNB Simple Earn assets collateralizing against Binance Loans (Flexible Rate) are not entitled to HODLer Airdrops rewards.
BNB subscribed to Simple Earn products will still provide users with the standard benefits for holding BNB, such as Launchpool, Megadrop, and HODLer Airdrops eligibility and VIP benefits.
Participation in HODLer Airdrops is subject to eligibility based on the user's country or region of residence.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Keyless Wallet will be supported in HODLer Airdrops reward calculation.
Spot Algo Orders will also be enabled for the aforementioned pairs at 2025-04-10 10:00 (UTC), while Trading Bots & Spot Copy Trading will be enabled within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Users need to be from an eligible jurisdiction to participate in HODLer Airdrops. Currently, users residing in the following countries or regions will not be able to participate by subscribing to BNB Simple Earn or On-Chain Yields Products:
Australia, Canada, Cuba, Crimea Region, Cyprus, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
BABY will not be available for deposits and withdrawals for users from the following countries: Belgium, France, Italy, Poland, Spain, and Sweden. Users from these countries will only be able to buy and sell the token.
Thank you for your support!
Binance Team
2025-04-09
Note: This announcement was amended on 2025-04-09 to clarify that BABY will not be available for deposits and withdrawals for users from Belgium, France, Italy, Poland, Spain, and Sweden. Users from these countries will only be able to buy and sell the token.
Disclaimer:
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected].
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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