Binance has announced the listing of the digital currency for the Babylon project, known by the symbol BABY, as part of a rewards initiative for users called HODLer Airdrops, aimed at encouraging BNB holders to participate and support new projects.
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Basic Information about BABY Token:
• Project Name: Babylon
• Token Symbol: BABY
• Initial amount offered: 10 billion BABY
• Circulating supply at listing: approximately 2.29 billion BABY (equivalent to 22.9% of the total supply)
• Inflation rate: 8% in the first year, with the rate in subsequent years determined through governance votes within the project
• Trading pairs available at launch:
• BABY/USDT
• BABY/USDC
• BABY/BNB
• BABY/FDUSD
• BABY/TRY
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HODLer Airdrops Rewards Details:
• Amount allocated for rewards: 75 million BABY (approximately 0.75% of the total initial supply)
• Mechanism: Users who held BNB from March 7 to March 12, 2025, within flexible savings, locked products, or yield products on the network, will automatically receive BABY rewards.
• Distribution is based on snapshot balances during that period, and the average balance is calculated to determine each user’s share of the rewards
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Project Goal and Role of Listing:
The Babylon project aims to bring Bitcoin into the decentralized finance (DeFi) system in a safe and efficient way. Its core idea is to enable Bitcoin users to use their coins to secure other blockchain networks and earn returns, without the need to convert or hold them with a third party.
Listing the currency on Binance is a strategic step that supports the project’s expansion and its reach among traders and investors, as it provides liquidity and increases the project's credibility in the global community.