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Biteye|Feb 25, 2025 09:50
🔥 Babylon Airdrop Registration and Babylon Genesis Launch
Today, the Babylon Foundation announced the airdrop registration for @ babylonlabs_io from 4pm on February 25th to 4pm on March 15th. Remember to create a BABY address and link it to a Bitcoin wallet or other eligible activity for staking, in order to receive airdrops when Babylon Genesis launches.
Babylon Genesis is the first Bitcoin Secure Network (BSN) and will serve as the control plane for the security and liquidity orchestration of future BSNs.
Before the launch of Bitcoin ETFs, the financial world could be divided into traditional mainstream finance and emerging decentralized finance led by Bitcoin. With the listing of ETFs, Bitcoin is leading encryption technology towards traditional mainstream finance, bringing unprecedented possibilities for emerging decentralized finance.
Decentralized finance is divided into two worlds: Bitcoin and altcoins. In the past, most of the encryption innovations occurred in the world of altcoins, with most Bitcoin only serving as a store of value, dormant in its own world, and a few serving as encapsulated assets, becoming a subset of the altcoin world. The world of altcoins is fragmented, with hundreds of chains and tens of thousands of coins cutting liquidity, and development limited by security, users, liquidity, and adoption rates. In this bull market, the price of Bitcoin has performed exceptionally well, and traditional mainstream financial funds only recognize Bitcoin. As of today, the benefits that Bitcoin has gained from traditional finance are still difficult to transfer to the world of altcoins.
Babylon, as an important innovation L1 in the current Bitcoin ecosystem, is expected to break this awkward situation. Babylon's staking phase attracted a total of 55000+bitcoins to participate in staking, with one address staking 10000 bitcoins. These participants include both retail investors and institutional pledgers, including traditional financial institutions. Babylon is expected to lead the strong binding between altcoins and Bitcoin, and lead traditional mainstream finance into the world of altcoins.
Many people mistakenly believe that Babylon is a heavy collateral agreement. In fact, it is an L1 of Cosmos SDK, which protects other L1 (Sui), L2 (Corn, Bob, Manta), data availability layer, etc. Babylon enables permissionless and self custodial staking of Bitcoin, which is a prerequisite for Bitcoin re staking and multi staking. Babylon supports Bitcoin lending and trading, allowing the decentralized financial functions already present in the altcoin world to develop in the Bitcoin world. Babylon allows PoS chains to leverage the security of Bitcoin and reduce the cost of token inflation. Babylon, as a unique blockchain that links the previously fragmented worlds of Bitcoin and altcoins, has become one of the most important infrastructure projects in decentralized finance.
Recently, there have been frequent occurrences of chaos in meme coins, causing investors and industry practitioners to lose their direction. Babylon has previously received support from top investment institutions such as Paradigm, Polychain, HackVC, IDG, and YZi Labs. Looking forward to Babylon's future performance leading to the revitalization of the Bitcoin ecosystem and the arrival of the knockoff season.
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