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BTC staking "Babylon" releases details of its own token

2025/04/04 11:29 (Updated 2025/05/01 08:02)
CoinPost
Written by K.Kobayashi
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BTC staking "Babylon" releases details of its own token

Overview of our unique token BABY

On the 3rd, the Babylon Foundation, which supports the staking protocol "Babylon" for the cryptocurrency Bitcoin (BTC), released information on its own token "BABY".

This time, the issuance itself was announced in advance, but the purpose of BABY and the distribution ratio of the initial supply were explained. In addition, an explanation of the "Early Adopters Airdrop" for early adopters was also published on a separate webpage.

What is staking?

It is a system in which you can earn rewards by depositing virtual currency and contributing to the operation of the network.

Babylon is a consensus...

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.