“Babylon’s first cryptocurrency stake command revealed Baby token details for early participants. In total, 600 million coins will be allocated for this – 6% of the total offer. Announcing the Details of the Babylon Early Adopters Airdrop. 600m Baby (6% of Total Supply) Will Be Distributed to Phase 1 Stakers, Finality Providers, Pioneer Pass Holders, and Github Contributors. No Claim Process […]”, – WRITE: Businessua.com.ua
Babylon’s first cryptocurrency stake command revealed Baby token details for early participants. A total of 600 million coins will be allocated for this – 6% of general proposal.
Announcing the Details of the Babylon Early Adopters Airdrop. 600m Baby (6% of Total Supply) Will Be Distributed to Phase 1 Stakers, Finality Providers, Pioneer Pass Holders, and Github Contributors. No Claim Process – Just Rewards. Full Details 👇HTTPS: //t.co/ixdvfebjxw 🧵 pic.twitter.com/vsloanwcxn
– Babylon Foundation (@Bbn_foundation) April 3, 2025
Rewards will receive the first phase steaks, Finality Providersowners of non -substituting Pioneer PASS tokens and development participants on GitHub.
There is no application to obtain coins – they are automatically credited to registered addresses after starting the Babylon Genesis network.
The distribution participants are divided into five categories:
- 30 million Baby – everyone who participated in the stinging of the first phase;
- 335 million Baby – basic stinging awards in the first phase;
- 200 million Baby is a bonus for the participants of the first phase that will transfer their contributions to the second;
- 30 million Baby – Pioneer Pass owners: 300 Baby for each nft;
- 5 million Baby – participants who contribute to GitHub (based on a number of commit).
To get tokens, users must sign the terms of participation in the program.
Babylon representatives have specified that distribution does not cover other campaigns, such as stocks for wallet owners whose details will be opened separately.
On the same day, the project team introduced Baby tokenomics with a total offer of 10 billion tokens.
Source: Babylon Foundation.
Distribution between ecosystem participants:
- 3.5% – advisers;
- 15% – team;
- 15% – encouragement for the community;
- 18% – Babylon development;
- 18% – research, development and operations;
- 30.5% – early investors.
TVL The protocol reached $ 4.3 billion. This confirms the leadership of the project in its segment on Defi LLAMA. The project is rightly considered a BTCFI locomotive, continuing to pursue the path for bitcoin financial financials.
Source: defi llama.
Recall that in December 2024 the Binance exchange launched a supported Babylon stinging of bitcoins.
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