Cryptocurrency trade Binance has revealed the itemizing of BABY, the native token of the Babylon Genesis blockchain. The itemizing comes because the Babylon Foundation completed its airdrop of 600 million BABY tokens to early adopters and contributors to the ecosystem.
Babylon Genesis Launches As First Bitcoin-Secured L1 Blockchain
The Babylon Genesis blockchain has formally gone reside. The mission has described itself because the launch of “the world’s first L1 blockchain secured by Bitcoin.” According to an X post by the Babylon group, this launch establishes the Babylon Bitcoin staking protocol as a “foundational infrastructure layer for Bitcoin.”
Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World
Babylon Genesis, the world’s first L1 blockchain secured by Bitcoin, formally launches at present.
This launch cements the Babylon Bitcoin staking protocol because the foundational infrastructure layer for… pic.twitter.com/tPXa8npbWH
— Babylon (@babylonlabs_io) April 10, 2025
The mission brings with it a recent paradigm to securing blockchains because it employs Bitcoin because the Layer-1 blockchain’s safety mechanism. In the system, the holders of Bitcoin are in a position to stake their BTC so as to safe the Babylon community and, as a reward, obtain BABY tokens.
Babylon’s mission is to appreciate the utmost utility of Bitcoin by reconditioning “idle Bitcoin to be the foundation of the decentralized economy.” Such an method helps repair Bitcoin’s lack of programmability with out violating its safety paradigm by utilizing the staking protocol.
BABY Token Airdrop Successfully Launched
Babylon Foundation reported the completion of its airdrop of BABY tokens to early entrants in its ecosystem. According to official data, the airdrop distributed 600 million BABY tokens. This accounts for six% of the whole provide of 10 billion tokens.
In their announcement tweet, the muse said: “Dear Babylonian, the Babylon Foundation is happy to announce that the airdrop has just been successfully executed! You should be able to see your BABY in your wallet very soon.”
Dear Babylonian, the Babylon Foundation is pleased to announce that the airdrop has simply been efficiently executed! You ought to be capable to see your BABY in your pockets very quickly. There isn’t any switch restrictions in your BABY. You might additionally stake your BABY to safe Babylon…
— Babylon Foundation (@bbn_foundation) April 10, 2025
The basis confirmed that there aren’t any switch restrictions on the airdropped tokens. This provides recipients fast freedom to commerce or use their BABY holdings. Recipients even have the choice to stake their BABY tokens to safe the Babylon Genesis community and earn extra tokens as staking rewards.
The airdrop acts as a reward mechanism for early adopters and as a solution to distribute governance rights.
Binance Listing Details And Token Information
Binance’s itemizing of the BABY token gives fast liquidity for airdrop recipients and different BABY holders. According to the trade’s announcement, buying and selling for BABY started on April 10, 2025, at 10:00 UTC. The tokens can be found to commerce towards 5 totally different currencies: USDT, USDC, BNB, FDUSD, and TRY.
The leading crypto exchange has utilized the “seed tag” to BABY. This typically signifies to merchants that the token is in early phases and should carry extra funding dangers. Deposits for the token will probably be enabled six hours after Binance’s announcement. This permits customers time to organize for buying and selling. The trade’s announcement comes after it unveiled its decision to delist 7 crypto pairs.
The complete provide of BABY tokens is about at 10 billion, with the latest airdrop distributing 600 million tokens or 6% of this complete provide. This distribution method goals to ascertain a broad base of token holders who can take part within the community’s governance from its early phases. According to CoinMarketCap knowledge, Babylon is buying and selling at $0.1032 with a market cap of $234 million.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with practically 7 years of expertise within the cryptocurrency business. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
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