Important information to note if you are interested in $BABY 👀
$BABY, the governance token of Babylon, has officially been listed on Binance. Currently, BABY has a market capitalization of 185 million USD with a valuation of 806 million USD 🐂
✍️If you intend to invest or speculate in this project, make sure to understand the following information:
- 51% of the total supply is allocated for community activities and ecosystem development
- In the first year, no tokens from VC or the team will be unlocked. The unlocking process will take a total of 4 years
- Funds are not allowed to participate in Staking, thus increasing the yield for regular users
- Inflation is at 8% per year (4% for $BTC Stakers, 4% for BABY Stakers)
- 6% of the total supply will be used for Airdrop right at TGE
🙌Assessment:
- An inflation rate of 8% is relatively moderate; however, if the rewards are enticing enough, users will continue to stake the rewards received instead of selling for USDT on centralized exchanges
- The value of $BABY heavily relies on the success of the Babylon Genesis chain and the applications within the ecosystem
- You can observe $BABY in the early stages when TGE occurs; if the selling pressure is not too strong affecting the price chart, it may be an opportunity for those who genuinely want to speculate in the short term 🎆
Currently, you can buy BABY on various CEX platforms, but Binance remains the CEX with the largest liquidity and the least slippage at this time
This is not investment advice; please make your own personal assessment before investing your money 🚀