A quick look at Binance HODLer 14th Airdrop Project Babylon (BABY)

Source: Binance official website, Babylon official website, white paper; Compiled by: Golden Finance

On April 9, 2025, according to the official announcement of Binance, the Binance HODLer airdrop has now launched the 14th project Babylon (BABY). The project supports self-custodial BTC staking directly on the Bitcoin network to enhance the security of the POS blockchain. From 08:00 on March 7, 2025 to 07:59 on March 13, 2025 (Eastern Time Zone 8), users who use BNB to subscribe for guaranteed principal earning (regular and/or current) or on-chain earning products will receive airdrop allocations.

Binance will list BABY at 18:00 on April 10, 2025 (ET8), and open trading pairs for USDT, USDC, BNB, FDUSD and TRY, and the seed tag trading rules will apply.

1. BABY HODLer Airdrop Details:

• Token Name: Babylon (BABY)

• Genesis Token Total Supply: 10,000,000,000 BABY

• Maximum Token Supply: Unlimited (Annual inflation rate is 8% in the first year. From the second year onwards, the inflation rate is determined by governance proposal voting)

• Total HODLer Airdrop Tokens: 75,000,000 BABY (0.75% of the total Genesis Token supply)

• Additional 121,600,000 BABY will carry out marketing activities in batches 6 months after spot listing; detailed rules will be announced separately.

• Total supply of tokens at the time of listing on Binance: 10,015,636,491 BABY

• Circulating supply at the time of listing on Binance: 2,294,036,491 BABY (22.90% of the total token supply)

• Network details: Babylon browser

• Listing fee: 0

• BNB holding hard cap: average BNB holdings of a single user / average total BNB holdings*100% ≤ 4%, (if the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)

Babylon is the leading project of Bitcoin ecology and the largest Bitcoin Staking infrastructure. It will unlock the value of 21 million Bitcoins and extend the security of Bitcoin to protect more POS decentralized worlds.

Because Bitcoin does not support smart contracts and has difficulty in expansion, its value 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., thereby bringing yields to BTC Staking providers while ensuring the security of the POS chain.

Babylon's vision is to extend the security of Bitcoin to protect the decentralized world. By leveraging three aspects of Bitcoin — — its timestamping service, block space, and asset value — Babylon is able to deliver the security of Bitcoin to numerous Proof-of-Stake (PoS) chains, creating a stronger, unified ecosystem.

Babylon’s Bitcoin staking protocol takes a remote staking approach, overcoming the lack of smart contracts through cryptography, consensus protocol innovations, and optimized use of the Bitcoin scripting language. Babylon’s staking protocol allows Bitcoin holders to trustlessly stake Bitcoin without bridging to a PoS chain, and provides full slashable security guarantees to that chain. Babylon’s innovative protocol eliminates the need for bridging, wrapping, and escrow of staked Bitcoin.

A key aspect of Babylon is its BTC timestamping protocol. It timestamps events from other blockchains onto Bitcoin, allowing those events to enjoy Bitcoin’s timestamps just like Bitcoin transactions. This effectively borrows the security of Bitcoin as a timestamp server. The BTC Timestamp Protocol enables fast unbinding of stake, composable trust, and reduced security costs to maximize liquidity for Bitcoin holders. The protocol is designed as a modular plug-in that can be used on top of a variety of different PoS consensus algorithms and provides a foundation on which a reset protocol can be built.

III. Token Economics

BABY Token Allocation

The following is a breakdown of the planned 10,000,000,000 BABY tokens across categories, designed to achieve a balanced allocation for incentives, ecosystem development, and governance. The number of tokens allocated to different categories may change from time to time, and the category names may also change, but only if additional allocations to early team members, investors, or advisors are not diverted from other categories.

Community Incentives (15%)

To encourage participation in the Babylon ecosystem, 1.5 billion BABY tokens have been allocated for community incentives. These tokens are managed by the Babylon Foundation, are not locked, and can be distributed at any time. A maximum of 400 million BABY tokens can be staked in this category, and any staking rewards will go into this category.

Ecosystem Building (18%)

To foster ecosystem growth, 1.8 billion BABY tokens (18%) have been allocated for grants, bounties, investments, marketing, and acquisitions. These tokens will unlock over 3 years, with 25% unlocking at the Babylon Genesis network launch and the remainder unlocking linearly starting at the first anniversary of the network launch.

A maximum of 800 million BABY tokens can be staked in this category, and any staking rewards will go into this category.

Research and Development + Operations (18%)

A total of 1.8 billion BABY tokens have been allocated to fund the operations of the Foundation as well as protocol and infrastructure development and research and development activities that advance Bitcoin native use cases. These tokens will be unlocked over 3 years, with 25% unlocked at network launch and the remainder unlocking linearly starting at the first anniversary of network launch.

The Babylon Foundation has the flexibility to reallocate unlocked tokens in this category to support community incentives or ecosystem building as needed. A maximum of 800 million BABY tokens can be staked in this allocation, and staking rewards will fall into this category.

Early Private Round Investors (30.5%)

Babylon’s early investors will receive 3.05 billion BABY tokens, subject to a 4-year unlocking schedule. The first unlock will occur on the first anniversary of the network launch, releasing 12.5% ​​of the total allocation. The remaining tokens unlock linearly over 3 years. Investors cannot stake locked tokens in the first year. After the first year, locked tokens can be staked.

Team (15%)

1.5 billion BABY tokens are allocated to Babylon core team members. These tokens follow a 4-year vesting schedule, including a 1-year lockup period, followed by a linear vesting over the remaining 3 years. Unvested tokens cannot be staked.

Vested tokens follow a 4-year unlocking schedule. First unlock occurs on the 1st anniversary of network launch or 1st anniversary of service (whichever is later). First unlock releases 12.5% ​​of total allocation. Remaining tokens unlock linearly over 3 years. Team members cannot stake locked tokens in the first year. After that, locked tokens can be staked.

Advisors (3.5%)

350M BABY tokens allocated to advisors, with their own vesting schedule and the same 4-year unlock schedule as the team. Unvested tokens cannot be staked. Advisors cannot stake locked tokens in the first year. After that, locked tokens can be staked.