Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It aims to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs. 56,853.16 BTC (worth $5.64 billion) have been pledged and are among the leading projects in the BTCFI track.
Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It is designed to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs.
Transaction Fees and Governance
BABY is Babylon Genesis' gas token used to facilitate transactions and smart contract execution. It also supports governance, allowing token holders and their proxy validators to vote on protocol changes and network upgrades.
Pledge and Security
Babylon Genesis utilizes a dual pledge model that leverages BABY and BTC to enhance network security. Both Bitcoin pledges and BABY pledgers contribute to security and are rewarded with BABY. This mechanism promotes long-term engagement and provides a sustainable security framework for the Babylon ecosystem.
Total Supply: $10 billion
Community Incentives: 15% (150 million BABY), unlocked, available at any time for community rewards or incentives, portion can be pledged for rewards.
Ecosystem Building: 18% (180 million BABY), unlocked for 3 years, 25% available at launch, remainder released linearly from the first anniversary, part can be pledged.
R&D + Operation: 18% (180 million BABY), similar to ecosystem building, 3 year unlock, can reallocate portion to community or ecosystem building, portion can be pledged.
Early private round investors: 30.5% (305 million BABY), 4-year unlock, non-pledgeable in the first year, pledgeable thereafter to ensure long-term ownership.
Team: 15% (150 million BABY), 4-year vesting, no availability in the first year (cliff period), linear release thereafter, 4-year unlock, non-pledgeable in the first year.
Consultant: 3.5% (35 million BABY), individual vesting plan, 4-year unlock, first year non-pledgeable.
None
In December 2023, $18 million was raised, led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital and Symbolic Capital.
In May 2024, Paradigm led a $70 million round with participation from Polychain Capital and Bullish Capital for a total of $88 million.
Twitter: https://x.com/babylonlabs_io
Followers: 538K
None
Project Introduction: Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It is designed to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs.
Token Full Name: Babylon
Token Ticker: BABY
Official Website: https://babylonlabs.io/
Project Documentation: None
Blockchain Explorer: None
Liquidity Query: Not available
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
CoinW Institute
4/10/2025
Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It aims to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs. 56,853.16 BTC (worth $5.64 billion) have been pledged and are among the leading projects in the BTCFI track.
Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It is designed to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs.
Transaction Fees and Governance
BABY is Babylon Genesis' gas token used to facilitate transactions and smart contract execution. It also supports governance, allowing token holders and their proxy validators to vote on protocol changes and network upgrades.
Pledge and Security
Babylon Genesis utilizes a dual pledge model that leverages BABY and BTC to enhance network security. Both Bitcoin pledges and BABY pledgers contribute to security and are rewarded with BABY. This mechanism promotes long-term engagement and provides a sustainable security framework for the Babylon ecosystem.
Total Supply: $10 billion
Community Incentives: 15% (150 million BABY), unlocked, available at any time for community rewards or incentives, portion can be pledged for rewards.
Ecosystem Building: 18% (180 million BABY), unlocked for 3 years, 25% available at launch, remainder released linearly from the first anniversary, part can be pledged.
R&D + Operation: 18% (180 million BABY), similar to ecosystem building, 3 year unlock, can reallocate portion to community or ecosystem building, portion can be pledged.
Early private round investors: 30.5% (305 million BABY), 4-year unlock, non-pledgeable in the first year, pledgeable thereafter to ensure long-term ownership.
Team: 15% (150 million BABY), 4-year vesting, no availability in the first year (cliff period), linear release thereafter, 4-year unlock, non-pledgeable in the first year.
Consultant: 3.5% (35 million BABY), individual vesting plan, 4-year unlock, first year non-pledgeable.
None
In December 2023, $18 million was raised, led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital and Symbolic Capital.
In May 2024, Paradigm led a $70 million round with participation from Polychain Capital and Bullish Capital for a total of $88 million.
Twitter: https://x.com/babylonlabs_io
Followers: 538K
None
Project Introduction: Babylon is a mainnet project that allows Bitcoin holders to use BTC for securing the PoS blockchain through its Bitcoin Pledge Protocol. It is designed to connect Bitcoin Security Networks (BSNs) with Bitcoin holders, enhancing the security and trust of other blockchain networks without the need for wrappers or pegs.
Token Full Name: Babylon
Token Ticker: BABY
Official Website: https://babylonlabs.io/
Project Documentation: None
Blockchain Explorer: None
Liquidity Query: Not available
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
CoinW Institute
4/10/2025