Babylon will airdrop 600 million BABY to early supporters, no manual claim required

According to the announcement by Babylon Foundation, a total of 600 million BABY tokens, accounting for 6% of the total supply, will be airdropped to the first phase pledgers, Finality Providers, Pioneer Pass NFT holders and GitHub contributors. The rewards will be directly distributed to registered addresses after the mainnet launch without any need for users to claim them. Those who have not signed the airdrop agreement can sign it after launch to receive their share.

Tokenomics shows that Babylon Genesis will be launched as the first Bitcoin Secure Network (BSN). The native token BABY has a total volume of 10 billion and is mainly used for transaction fees, on-chain governance and security pledges. Babylon adopts a dual pledge model with BTC and BABY. BABY also serves as both gas fee token and governance token. In terms of distribution, private investors account for 30.5%, team members hold 15%, while community incentives and ecosystem construction each account for 15% and 18% respectively. The token has an inflation mechanism where its rate is adjusted by governance.