Babylon will airdrop 600 million BABY to early supporters without manual application

According to the Babylon Foundation announcement, it will airdrop a total of 600 million BABYs to the first-stage stakeholders, Finality Providers, Pioneer Pass NFT holders and GitHub contributors, accounting for 6% of the total supply. The reward will be directly distributed to the registered address after the main network is started, and no user application is required. Those who have not signed an airdrop agreement can receive it by signing a contract after it is launched.

Token economics shows that Babylon Genesis will be launched as the first Bitcoin security network (BSN), with a total of 10 billion native tokens, mainly used for transaction fees, on-chain governance and secure staking. Babylon adopts the dual staking model of BTC and BABY, which is also a Gas fee token and governance token. In terms of distribution, private equity investors account for 30.5%, teams account for 15%, community incentives and ecological construction account for 15% and 18% respectively. Tokens have an inflation mechanism, and the inflation rate is adjusted by governance.