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Source: Binance official website, Babylon official website, white paper; compiled: Bitchain Vision
On April 9, 2025, according to Binance’s official announcement, Binance HODLer airdrop has now launched the 14th phase project Babylon (BABY).The project supports direct self-hosted BTC staking on the Bitcoin network to enhance the security of the POS blockchain.March 7, 2025 08:00 to March 13, 2025 07:59 (East Eighth District time)During this period, users who use BNB to subscribe for guaranteed currency (regular and/or current) or on-chain currency products will receive airdrop allocation.
Binance willApril 10, 2025 18:00 (East Eighth District Time)List BABY and open trading pairs for USDT, USDC, BNB, FDUSD and TRY, and seed label trading rules apply.
1. BABY HODLer airdrop details:
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Token name: Babylon (BABY)
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Total supply of Genesis tokens: 10,000,000,000 BABY
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Maximum supply of tokens: Unlimited (annual inflation rate in the first year is 8%. From the second year, inflation rate is determined by the voting of governance proposals)
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Total HODLer airdrop tokens: 75,000,000 BABY (accounting for 0.75% of the total supply of Genesis tokens)
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An additional 121,600,000 BABY will be marketed in batches 6 months after the spot listing; detailed rules will be announced separately.
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Total supply of tokens at Binance’s listing: 10,015,636,491 BABY
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Circulating supply at Binance on the time of listing: 2,294,036,491 BABY (accounting for 22.90% of the total token supply)
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Network details: Babylon browser
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Coin fee: 0
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BNB position hard top: average number of BNB positions for a single user / total average number of BNB positions *100% ≤ 4%, (if the position proportion is greater than 4%, the BNB position ratio will be calculated as 4%)
2. Babylon project introduction
Babylon is the leading project of the Bitcoin ecosystem and the largest staking infrastructure of Bitcoin. It will unlock the profit value of 21 million Bitcoins and expand the security of Bitcoin to protect more POS decentralized world.
Due to problems such as Bitcoin does not support smart contracts and difficulty in scaling, it has not been unlocked for a long time.Babylon proposes a new way to expand Bitcoin.It extracts security from the Bitcoin chain and shares it with various Proof of Stake (PoS) chains, such as Cosmos, Binance Smart Chain, Polkadot, Polygon, etc., thus bringing yields to BTC’s staking providers while ensuring the security of the POS chain.
Babylon’s vision is toBitcoin’s security extends to protecting the decentralized world.By leveraging three aspects of Bitcoin—its timestamp services, block space and asset value—Babylon can pass on the security of Bitcoin to numerous Proof of Stake (PoS) chains, thereby creating a stronger and unified ecosystem.
Babylon’s Bitcoin staking protocol adopts a remote staking method, overcoming the lack of smart contracts through cryptography, consensus protocol innovation and optimization of using the Bitcoin scripting language.Babylon’s staking protocol allows Bitcoin holders to trustworthyly stake Bitcoin without bridging to the PoS chain and provide the chain with complete cut-off security guarantees.This innovative Babylon protocol eliminates the need for bridging, encapsulating, and custodial of staked Bitcoins.
A key aspect of Babylon is its BTC timestamp protocol.It timestamps events from other blockchains onto Bitcoin, allowing these events to enjoy Bitcoin timestamps like Bitcoin transactions.This effectively borrows Bitcoin as the security of timestamp server.The BTC timestamp protocol enables fast unbinding of equity, composable trust, and reduces security costs to maximize liquidity for Bitcoin holders.The protocol is designed as a modular plug-in that can be used on a variety of different PoS consensus algorithms and provides the basis for building reset protocols.
III. Token Economics
BABY Token Allocation
Below is a breakdown of the planned allocation of 10,000,000 BABY tokens across categories, aiming to achieve a balanced allocation of incentives, ecosystem development and governance.The number of tokens assigned to different categories may change from time to time, and the category name may change, provided that additional allocations are not misappropriated from other categories to early team members, investors or consultants.
Community Incentives (15%)
To encourage participation in the Babylon ecosystem, 1.5 billion BABY tokens have been allocated for community incentives.The tokens are managed by the Babylon Foundation and are not locked and can be distributed at any time.Up to 400 million BABY tokens can be pledged in this category, and any pledge rewards will be classified into this category.
Ecosystem construction (18%)
To promote ecosystem growth, 1.8 billion BABY tokens (18%) have been allocated for grants, bounties, investments, marketing and acquisitions.These tokens will be unlocked within 3 years, 25% of which are unlocked when the Babylon Genesis network is launched, and the rest will be unlocked linearly from the first anniversary of the network startup.
Up to 800 million BABY tokens can be pledged in this category, and any pledge rewards will be classified into this category.
Research & Development + Operations (18%)
A total of 1.8 billion BABY tokens have been allocated to fund the operations of the Foundation and the development of protocols and infrastructure and to advance research and development activities in Bitcoin native use cases.These tokens will be unlocked within 3 years, with 25% unlocking at network startup and the rest unlocked linearly from the first anniversary of network startup.
The Babylon Foundation has the flexibility to redistribute unlocked tokens in this category to support community incentives or ecosystem building if needed.Up to 800 million BABY tokens can be pledged in this allocation, and the staking rewards will be classified into this category.
Early private equity investors (30.5%)
Babylon’s early investors will receive 3.05 billion BABY tokens, following a 4-year unlocking plan.The first unlocking occurred on the first anniversary of the network’s launch, releasing 12.5% of the total allocation.The remaining tokens are linearly unlocked within 3 years.Investors cannot pledge locked tokens in their first year.After the first year, locked tokens can be pledged.
Team (15%)
1.5 billion BABY tokens are allocated to Babylon core team members.These tokens follow a 4-year vesting plan, including a 1-year lock-up period, followed by a 3-year linear vesting.Unattended tokens cannot be pledged.
The tokens that have been owned follow a 4-year unlocking plan.The first unlocking occurs on the first anniversary of the network startup or the first anniversary of the service (whichever is later).12.5% of the total allocation is released for the first time.The remaining tokens are linearly unlocked within 3 years.Team members cannot pledge locked tokens in the first year.After that, the locked token can be pledged.
Consultant (3.5%)
350 million BABY tokens are allocated to the consultants, following their respective vesting plans and the same 4-year unlocking plan as the team.Unattended tokens cannot be pledged.The consultant cannot pledge locked tokens in the first year.After that, the locked token can be pledged.
