Crypto
Crypto TLDR
- Babylon Foundation will airdrop 600 million BABY tokens (6% of 10B supply) to early supporters
- Largest allocation (335M tokens) goes to Phase-1 Bitcoin stakers
- Protocol has over 51,900 BTC staked (worth $4.2+ billion)
- BABY token will be used for governance, transaction fees, and network security
- Babylon previously raised $70 million to make Bitcoin the “backbone of proof-of-stake systems”
The Babylon Foundation has revealed details of its upcoming BABY token airdrop, allocating 600 million tokens to early adopters of its Bitcoin staking protocol. The announcement marks a key milestone for the project that aims to make Bitcoin a security backbone for proof-of-stake blockchains.
The Foundation will distribute 6% of the total 10 billion BABY token supply across five groups of early supporters. Most tokens (585 million) will go to users who have staked Bitcoin with Babylon.
The largest chunk of 335 million BABY tokens is earmarked for participants in Babylon’s Base Phase-1 staking. This staking occurred across multiple instances called “caps,” with the first cap limited to just 1,000 Bitcoin.
An additional 200 million tokens will reward users who transition their Phase-1 stakes to Phase-2. The remaining airdrop allocations include 30 million tokens for Pioneer Pass NFT holders and 5 million for GitHub contributors.
How the Airdrop Works
Users who have already registered a BABY address and connected it to their Bitcoin staking wallet will automatically receive their tokens when the Babylon Genesis Network launches. No claiming process will be needed.
“Tokens will be directly transferred to the registered BABY address upon Babylon Genesis launch,” the Babylon Foundation announced on social media platform X. “No claims needed.”
The Early Adopters Airdrop (6% of supply) comprises 5 categories:
30M BABY – Staking participation, every Phase-1 stake is eligible
— Babylon Foundation (@bbn_foundation) April 3, 2025
Those who staked Bitcoin but haven’t registered can still do so if they move their stakes to Phase-2. The Foundation also mentioned plans for additional social and wallet campaign airdrops.
The protocol has seen strong adoption. According to a Babylon dashboard, users have deposited over 51,906 BTC, worth more than $4.2 billion at current market prices.
The Dual-Staking Model
BABY will serve as the native token for Babylon Genesis, a layer-1 proof-of-stake blockchain secured by Bitcoin. The network employs a “dual-staking” model where users can stake both BTC and BABY tokens to secure the network.
Both types of stakers will receive BABY rewards, encouraging long-term participation in the network’s security. The annual inflation rate for BABY token rewards is set at 4%.
Beyond staking rewards, BABY will function as the network’s governance token. It will also be used for transaction fees on the Babylon Genesis Chain.
The token distribution includes several allocations beyond the airdrop. Community incentives will receive 15% of the supply. Both ecosystem building and operations get 18% each.
The team will receive 15% of tokens. Early private-round investors are allocated 30.5%. Advisors will get 3.5% of the supply.
Most of these allocations come with vesting schedules ranging from three to four years. This approach aims to ensure long-term commitment from key stakeholders.
Early investors will see 12.5% of their allocation un
