Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

Paradigm-Backed Babylon Sets TGE, Plans 6% $BABY Airdrop to Boost BTCFi via Bitcoin Staking

Paradigm-Backed Babylon Sets TGE, Plans 6% $BABY Airdrop to Boost BTCFi via Bitcoin Staking


The Defiant
2025-04-03 14:35:11

Babylon, a project backed by Paradigm, has announced the tokenomics for its $BABY token, which will have a total supply of 10 billion. The project plans to airdrop 6% of its total token supply, amounting to 600 million $BABY tokens, to early users. This airdrop is targeted at various groups including stakers, Pioneer Pass NFT holders, and GitHub contributors. The airdrop distribution includes 30 million $BABY tokens for participants in the first phase of staking, 335 million for basic staking rewards in the first phase, 200 million for those transitioning to the second phase of staking, and additional allocations for other categories. Babylon has previously raised $70 million in a funding round led by Paradigm, with additional support from investors like Polychain, OKX, and Hack VC. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.