The time available for this airdrop is:
From March 7, 2025, 08:00 to March 13, 2025, 07:59 (UTC+8)
To qualify for the HODLer airdrop, simply use BNB to purchase capital-protected earning products (including fixed-term and/or flexible products) or participate in on-chain earning products during the specified time.
Babylon is a blockchain infrastructure project focused on extending the security of Bitcoin to a multi-chain ecosystem through chain abstraction technology. Its core idea is to leverage Bitcoin's powerful computing power and decentralized features to provide additional security for Proof-of-Stake blockchains, while allowing Bitcoin holders to participate in protecting other networks through staking and earning rewards.
In simple terms, Babylon is a bridge connecting Bitcoin with the Web3 world. It allows users to stake Bitcoin to provide security for PoS chains, addressing potential long-range attacks or fork risks that PoS networks may face. Users do not need to transfer BTC to other chains; instead, they can participate directly through Babylon's protocol, keeping their assets secure while earning rewards.
Details of the Babylon HODLer airdrop
Token name: Babylon (BABY)
Total supply of genesis tokens: 10,000,000,000 BABY
Maximum token supply: Unlimited (8% inflation rate in the first year. From the second year onwards, the inflation rate will be determined by governance proposal votes)
Total amount of HODLer airdrop tokens: 75,000,000 BABY (accounting for 0.75% of the total supply of genesis tokens)
An additional 121,600,000 BABY will be gradually used for market activities 6 months after the spot listing;
Total supply of tokens at listing on Binance: 10,015,636,491 BABY
Circulating supply at listing on Binance: 2,294,036,491 BABY (accounting for 22.90% of total token supply)
Current development status
Babylon's mainnet was launched in August 2024, attracting over 135,000 users to participate in staking during the testing phase. Its technology has received support from top investment institutions such as Binance Labs, Paradigm, and Polychain Capital, with total funding reaching $96 million. The project is currently deeply integrated with the Cosmos ecosystem and plans to expand to more blockchain networks.
In summary
Babylon aims to create a shared security network centered around Bitcoin, becoming an essential part of Web3 infrastructure. It not only provides ordinary users with a simple way to participate in the multi-chain ecosystem but also offers developers the underlying support to build cross-chain applications.
Babylon is an innovative chain abstraction project that fills the gap in Web3 security through Bitcoin's staking mechanism, aiming to make the multi-chain world safer and more interconnected.
