In an exciting development within the cryptocurrency sphere, Binance has disclosed its latest initiative: the introduction of the Babylon (BABY) coin, which is part of its HODLer Airdrops program aimed specifically at BNB coin holders. This project introduces a unique BTC staking infrastructure that promises to bolster the security of Proof of Stake (PoS) blockchains, setting itself apart within the crypto market.
What to Expect from the BABY Coin Listing?
The listing of Babylon (BABY) on Binance is scheduled for April 10, 2025, at 1:00 PM (UTC). Users will be able to trade BABY coin against several trading pairs, including USDT, USDC, BNB, FDUSD, and TRY. The coin will bear a “seed tag,” denoting its early-stage project status, which will help users to gauge its developmental progress.
What are the Details of the Airdrop and Supply?
With an initial total supply of 10 billion BABY coins, the supply is anticipated to expand over time, featuring an annual inflation rate of 8% for the first year, with future rates to be determined by community governance. At launch, the total supply will rise to 10.15 billion, with around 2.294 billion in circulation, making up 22.9% of the total supply.
As part of the airdrop, Binance plans to distribute 75 million BABY coins, representing 0.75% of the entire supply, while an additional 121.6 million will be allocated for marketing efforts six months later. This distribution aims to reward users who have held BNB coins, allowing them to receive rewards effortlessly.
To qualify for the airdrop, participants need to hold BNB through Simple Earn products, either in flexible or locked formats, or utilize On-Chain Yields. However, individuals from certain countries, including Australia, Canada, the USA, Japan, and Russia, will not be able to take part in this initiative. Additionally, accounts lacking KYC verification will be disqualified from receiving rewards.
- Binance’s BABY coin targets BNB holders via airdrop.
- Listing set for April 10, 2025, with various trading pairs.
- Initial supply of 10 billion BABY coins with inflation rate established by community.
- Airdrop will distribute 75 million BABY coins, supplemented by future marketing allocations.
As the crypto landscape evolves, Binance’s innovative offerings like the BABY coin and its associated airdrop programs are likely to attract considerable attention and participation from users eager to engage in new opportunities.
