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The Babylon Foundation has recently officially announced the Babylon Airdrop program, opening registration from 3:00 PM on February 25, 2025 and ending at 3:00 PM on March 15, 2025 (Vietnam time). Users can go to this link to register.
How to Participate in the Babylon Airdrop
Users can create a BABY address and link it to a Bitcoin Wallet that has been used for Staking or to a Wallet with other eligible activities to receive the Airdrop when Babylon Genesis is launched.
Babylon Genesis is the first Bitcoin Secured Network (BSN), playing the role of coordinating security and Liquidation for future BSNs. Cuneiform Assets, a company under the Babylon Foundation, will manage the registration process and distribute the rewards.
Stakers who miss this registration period - for example, due to Wallet compatibility limitations - may have the opportunity to register additionally after the official launch of Babylon Genesis.
Conditions for Receiving the Babylon Airdrop
- Phase 1 Stakers
- Those who Staked during Phase 1, up until the end of Cap 3 (BTC Block Height 875087).
- Including both accepted Staking and overflowed Staking.
- NFT Pioneer Pass holders who Staked during Phase 1 will receive additional Airdrop rewards.
- NFT Snapshot was taken at Polygon Block 68305555 (7:15 AM UTC on February 24, 2025).
- Phase 1 Finality Providers
- Those who registered on the Babylon GitHub and received delegation in Phase 1.
- GitHub Contributors
- Individuals who have contributed to open-source projects related to Cosmos, Bitcoin, Ethereum, Shared Security, Cryptography, Zero Knowledge, BitVM.
- Data Snapshot was taken at 8:00 AM UTC on February 24, 2025.
What is Babylon?
Babylon is a Proof-of-Stake (PoS) Blockchain platform developed using the Cosmos SDK. It is a pioneering project in using Bitcoin (BTC) as Stake, helping to enhance the security of other PoS chains.
While PoW Blockchains rely on computational power to secure the network, PoS Blockchains rely on the amount of Stake to ensure network security. However, new-generation PoS Blockchains still face challenges in the launch phase, where an individual or organization can spend money to acquire a large Stake, thereby gaining control of the system or having to pay high returns to attract operators, leading to rapid Inflation.
Babylon provides a solution to use the security power of Bitcoin to enhance the security of PoS chains. This not only protects PoS chains but also brings profits to Bitcoin holders.
