Binance has introduced the Babylon (BABY) token through its HODLer Airdrops programme, offering an airdrop reward of 75 million tokens. Users must lock BNB to qualify, and spot trading will begin on April 10, 2025. Babylon aims to strengthen PoS blockchains by leveraging Bitcoin’s security in a dual-staking environment. The project strives for a decentralised and reward-driven ecosystem.
Binance has officially listed Babylon (BABY) under its HODLer Airdrops programme, ahead of future spot trading availability. The token was launched in pre-market futures on April 5th, increasing interest in its potential within crypto markets.
To participate in the BABY airdrop, users must lock BNB on Binance Simple Earn between 2025-03-07 00:00 (UTC) and 2025-03-12 23:59 (UTC). The listing date for BABY on spot trading is set for 2025-04-10 10:00 (UTC), with trading options including USDT, USDC, FDUSD, BNB, and TRY. A total of 75,000,000 BABY tokens (0.75% of total supply) will be distributed as rewards.
The Babylon project is backed by its native token, BABY, which is part of the Babylon Genesis network. The project targets enhanced security for Proof-of-Stake (PoS) blockchains by integrating the robust security of Bitcoin. By creating a Bitcoin Secured Network (BSN), Babylon connects Bitcoin’s Proof-of-Work (PoW) strength with the flexibility of PoS chains, allowing Bitcoin holders to stake their assets without needing to sell or transfer them.
The system incorporates a dual-staking mechanism, enabling users to stake both Bitcoin (BTC) and the BABY token to secure the network and associated PoS chains. The “Bitcoin Staking” process features a time-lock for BTC, while BABY functions as the network’s governance and operational token. Ultimately, the project aims for a decentralised ecosystem where Bitcoin stakers, BABY holders, and validators collaboratively ensure the network’s integrity and receive rewards, thus merging Bitcoin security with the benefits of PoS systems.
