BABY token reaches 0.11 USD on Binance
Binance listed the BABY token of the Babylon project at 18:00 on April 10 (delayed by one hour from the previously announced time of 17:00), opening up trading opportunities for the investor community. The starting price on the exchange is 0.03 USD. Currently, the token is trading at 0.09236 USD, up 207%. The highest recorded price after listing is 0.11 USD.
New trading pairs include BABY/USDT, BABY/USDC, BABY/BNB, BABY/FDUSD, and BABY/TRY. BABY is labeled as a “seed tag.” Users can start trading immediately after the listing, taking advantage of the event to participate in the Babylon ecosystem.
Binance will support users in receiving and distributing airdrop rewards from Babylon BTC Staking. Users do not need to take any further action. The rewards in the form of BABY tokens will be directly transferred to customers' spot accounts on April 10.
Babylon is a layer 1 blockchain protocol on the Cosmos SDK. The project allows users to stake Bitcoin directly to secure PoS networks while providing returns without intermediaries, bridges, or wrapped tokens.
Babylon addresses the major issue of new PoS chains by reducing inflationary pressure from high staking rewards while opening up profit opportunities for Bitcoin holders. The BABY token is the governance and utility token of the Babylon Genesis network, with an initial total supply of 10 billion tokens and a circulating supply at listing of 2,294,036,491 BABY (22.09% of total supply). The token is used for paying transaction fees, participating in governance, and staking in the ecosystem.
