Introduction
* Project: Babylon (BABY)
* What it does: Enables self-custodial BTC staking directly on the Bitcoin network, enhancing the security of Proof-of-Stake (PoS) blockchains.
* Airdrop Mechanism: Retroactive airdrop for users who used BNB to subscribe to Capital-Protected Earning (Fixed and/or Flexible) or On-Chain Earning products between March 7, 2025, 08:00 (UTC+8) and March 13, 2025, 07:59 (UTC+8).
* Listing Date and Time: April 10, 2025, at 18:00 (UTC+8).
* Trading Pairs: BABY/USDT, BABY/USDC, BABY/BNB, BABY/FDUSD, and BABY/TRY.
* Total Genesis Token Supply: 10,000,000,000 BABY.
* Maximum Token Supply: Unlimited (8% annual inflation for the first year, thereafter determined by governance votes).
* Total Amount of HODLer Airdrop Tokens: 75,000,000 BABY (0.75% of the genesis supply).
* Additional Marketing Allocation: 121,600,000 BABY to be released in batches after 6 months of the spot listing.
* Total Token Supply at Binance Listing: 10,015,636,491 BABY.
* Circulating Supply at Binance Listing: 2,294,036,491 BABY (22.90% of the total token supply).
* Network: Babylon Explorer (will be available at public launch).
* Listing Fee: 0.
* BNB Holdings Hard Cap for Airdrop: Individual user average BNB holdings / Total average BNB holdings * 100% ≤ 4% (if the holding ratio exceeds 4%, it will be calculated at 4%).
* Eligibility: Users must have completed KYC and be from an eligible jurisdiction.
* Distribution: Airdrop tokens will be automatically transferred to users' Spot Accounts at least 1 hour before trading starts.
* Deposit Opening: BABY deposit channels will open 6 hours after the listing.
* Research Report: Will be available within 24 hours of the announcement.
Key Takeaways:
* Retroactive Rewards: This airdrop rewards users who had already subscribed to specific BNB earning products during the specified period, offering a passive way to earn BABY tokens.
* Focus on BNB Holders: The HODLer Airdrop program continues to incentivize holding and utilizing BNB within the Binance ecosystem.
* New Listing: BABY will be a new asset on Binance with multiple trading pairs, indicating potential for market activity.
* Babylon's Purpose: The project aims to enhance the Bitcoin network by allowing staked BTC to contribute to the security of PoS blockchains, potentially bridging the security of Bitcoin with the scalability of PoS systems.
* Inflationary Tokenomics: The unlimited maximum supply with an initial 8% inflation rate is an important factor to consider for the token's long-term value.