Yesterday, Babylon @ babylonlabs_io's Chinese AMA provided a detailed introduction to many issues that people are concerned about. With this AMA, I would like to share a few points: What exactly is this project doing? What are the expectations? What are the airdrop rules? Let's get closer to the final (presumably) expectation of the BTC ecosystem race 😂 👉 Project Introduction: -The infrastructure protocol with BTC as the core security layer introduces the trillion dollar security and liquidity of Bitcoin into the PoS chain through a trustless and self custodial staking mechanism Rollup、 Ecological factors such as data availability layer -The launch of the Bitcoin Secure Network (BSN) marks a paradigm shift for Bitcoin from a single value storage asset to the core security layer of a decentralized ecosystem -Data performance: As of March 2024, the Babylon protocol has attracted over 55000 BTC, with approximately $5.3 billion involved in staking -Financing background: Obtained $70 million in financing from top institutions such as Paradigm and Polychain, becoming a leader in the BTCFi field 👉 What are the expectations? Starting from the inscription at the beginning of last year, the hot BTC ecosystem has cooled down for a year and is now in a critical period of survival. The VC and project teams of the entire track are tied to the same tank, and after a year, most BTC ecosystem related coins have not found a good opportunity for TGE So I say Babylon is currently the only expectation and reality of the BTC ecosystem. If we think these institutions should not want the entire track to end here, perhaps we can see the performance of TGE opening low and rising high (hopefully) 👉 Airdrop rules: Based on the summary of @ douyu888 and @ DaPangDunCrypto, I have selected the issues that I believe retail players need to be most concerned about: -No witches, any mainnet staking or NFT holder can register for airdrops -The low-income account should have incentives because they say 'don't do that kind of airdrop design that violates common sense' -In the future, the mainnet will continue to pledge BTC and Baby, and will expand multi chain staking ☎️ Final reminder The airdrop registration started at 8:00 AM UTC on February 25th and ended at 8:00 AM UTC on March 15th. Users will be able 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. Only by registering can you receive airdrops! Don't forget!