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Babylon
Apr 10, 2025
infrastructure, defi
Alive
bitcoin
btcfi-protocol, staking, lsdfi, liquid-staking, decentralized-finance
Galaxy digital, Polychain capital, Okx ventures, Yzi labs, Paradigm
Website
Babylon is a Bitcoin staking protocol that enables BTC holders to earn rewards by staking their Bitcoin while maintaining self-custody.
Current Price
$0.01276279
Market Cap
$51172508
Circulating Supply
4009618183.98
Total Supply
10880628498.0
FDV
$138863360
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Airdrop Details
| Information |
Details |
| Rewarded Activity |
Phase 1 Bitcoin staking, Pioneer Pass NFT holding, GitHub contributions |
| Total Airdrop Amount |
600M BABY (6% of total supply) |
| Number of Eligible Users |
Not specified |
| Number of Claimants |
Not specified |
| Average Allocation |
Varies by category (see Token Distribution) |
Timeline
| Event |
Date |
| Snapshot Date |
February 24, 2025 (Pioneer Pass NFT) |
| Snapshot Date |
February 23, 2025 (GitHub contributions) |
| Registration Deadline |
March 25, 2025 |
| Phase 2 Transition |
June 15, 2025 |
| TGE |
April 10, 2025 |
Token Distribution
| Tier/Category |
Amount |
Source |
| Cap 1 Participants |
550 BABY per stake (up to 16.5M total) |
Stake Participation Airdrop |
| Cap 2 Participants |
150 BABY per stake (up to 2.25M total) |
Stake Participation Airdrop |
| Cap 3 Participants |
100 BABY per stake (up to 11.2M total) |
Stake Participation Airdrop |
| Pioneer Pass NFT |
300 BABY per NFT (30M total) |
NFT Holder Airdrop |
| GitHub Tier 1 |
5,000 BABY per contributor (55% of 5M) |
Developer Recognition |
| GitHub Tier 2 |
2,500 BABY per contributor (30% of 5M) |
Developer Recognition |
| GitHub Tier 3 |
1,000 BABY per contributor (15% of 5M) |
Developer Recognition |
Primary Requirements
- Phase 1 Bitcoin staking participation
- Pioneer Pass NFT ownership (snapshot at Polygon block 68305555)
- GitHub contributions to eligible repositories
Additional Airdrop Opportunities
Stake Participation Airdrop (30M BABY)
- Cap 1: 550 BABY per stake (30K stakes)
- Cap 2: 150 BABY per stake (14K stakes)
- Cap 3: 100 BABY per stake (112K stakes)
Base Staking Reward Airdrop (335M BABY)
- Proportional to stake size and duration
- Shared among active stakes at each BTC block
- Minus finality provider commission
Bonus Staking Reward Airdrop (200M BABY)
- Multiplier on base staking reward
- Requires successful transition to Phase 2
- Must stake for 100 consecutive days after registration
- One-time unbonding allowed within 10 days
Pioneer Pass NFT Airdrop (30M BABY)
- 300 BABY per NFT
- Snapshot taken at Polygon block 68305555
- Unclaimed portion reallocated to community incentives
GitHub Developer Recognition (5M BABY)
- Tier 1: 30+ commits (5,000 BABY each)
- Tier 2: 8-29 commits (2,500 BABY each)
- Tier 3: 4-7 commits (1,000 BABY each)
- Unclaimed portion reallocated to community incentives
Special Conditions
- Must register by March 25, 2025
- Must sign Airdrop Terms after launch
- Phase 2 transition deadline: June 15, 2025
- One-time unbonding allowed during transition period
Important Links
Official Links
Price Tracking
Source References
- Managed by Cuneiform Assets, a Babylon Foundation company
- Airdropped tokens will be transferred to eligible recipients who previously registered
- No separate claim process required
- Social media contributor airdrop details to be announced after Genesis launch
- Additional airdrops not covered in this announcement include wallet campaigns and liquid staking incentives
