Key Points
- Users can earn BABY with retroactive BNB Simple Earn subscriptions.
- Binance will list BABY on April 10.
Binance announced its 14th project on HODLer Airdrops – Babylon (BABY).
Babylon enables self-custodial BTC staking directly on the Bitcoin network, enhancing the security of PoS blockchains.
Binance’s HOLDer Airdrops is a program created to reward BNB holders with token airdrops based on historical snapshots of BNB balances.
Binance BABY HODLer Airdrops Details
In the official announcement, the crypto exchange revealed that users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products between March 7, at 00:00 (UTC) and March 12, at 23:59 (UTC) will receive the airdrop distribution.
Binance listed the following BABY HODLer Airdrops details:
- The Genesis total token supply is 10 billion BABY tokens.
- The maximum token supply is infinite, with 8% annual inflation for the first year, while the inflation rate starting from the second year is subject to governance proposals.
- The HODLer Airdrops token reward is 75 million BABY tokens, or 0.75% of the Genesis total token supply.
- An additional amount of 121,6 million BABY tokens will be allocated to Marketing Campaigns in batches for 6 months after the BABY listing on Spot.
- The total token supply after the Binance listing will be over 10 billion BABY tokens.
- The circulating supply upon Binance listing will be over 2,29 billion BABY tokens, or 22.9% of the total token supply.
- The BABY listing fee will be 0.
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Binance also announced that it will list the BABY token.
Binance BABY Listing Details
The crypto exchange will list BABY on April 10 at 10:00 (UTC) and open trading for the following pairs:
- BABY/USDT
- BABY/USDC
- BABY/BNB
- BABY/FDUSD
- BABY/TRY
Binance will list BABY with the Seed Tag applied, meaning that the project is a newer one and might exhibit higher volatility compared to other already listed tokens. Users must be cautious in their decision to invest in it.