#BinanceHasAnnounced the distribution of Babylon BTC Staking Airdrop rewards, which were automatically credited to users' spot accounts on April 10, 2025. Here are the key details ¹:
- *Airdrop Rewards Distribution*: The rewards were distributed in BABY tokens, with users receiving an extra 12% Airdrop rewards based on their points earned through BTC staking on Binance.
- *BTC Staking Redemption*: Users can initiate BTC redemption anytime via the On-Chain Yields Flexible section, with redeemed BTC returned to their spot account within three days.
- *Automatic Redemption*: If users don't manually initiate redemption, Binance will automatically return all staked BTC to their spot account on April 15, 2025.
- *Token Information*: Babylon has a genesis total token supply of 10 billion BABY, with an 8% annual inflation rate for the first year.
- *Token Listing*: BABY is listed on Binance, trading against USDT, USDC, BNB, FDUSD, and TRY pairs.
- *Airdrop Details*: The Babylon Foundation distributed 600 million BABY tokens (6% of the total supply) to early adopters and contributors ².
*Binance On-Chain Yields*
- *Product Overview*: Binance On-Chain Yields allows users to participate in various on-chain protocols and earn tokens, points, and rewards directly through their Binance account.
- *Risk Warning*: On-Chain Yields is a high-risk product with no guarantee of principal or returns, involving risks like smart contract vulnerabilities and market volatility ¹.