
冰蛙|Apr 04, 2025 10:03
To Babylon: Is Airdrop Debt? Community Not Important, Fees Most Important
Although there is currently no conclusive evidence to prove that Babylon intentionally committed wrongdoing, based on the existing on chain data and operational logic, there are indeed many areas where the project team needs to give the community a clear and honest explanation.
We are not trying to vent our emotions, nor are we trying to smear the project just because we have been rejected. We just want to clarify the issue:
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1、 What can we talk about 'community first' when token distribution is extremely imbalanced?
According to data compiled by the community, Babylon has a total of 10 billion tokens, with only 24% of the initial circulation. However, 83% (about 2 billion coins) of them are concentrated in wallets controlled by the project party, while less than 4% belong to ordinary users.
In addition, the project party can continue to issue an additional 8% annually. Can such a high proportion of market control and high inflation really support the stability of cryptocurrency prices and the healthy development of the ecosystem? Who will answer this question?
The most concerning issue for the community:
one ⃣ Who decided on the current allocation plan? Has there been any community discussion or any form of transparent disclosure?
two ⃣ Why do users who participated in testing, contributed code, and helped promote early on not receive fair treatment? Especially for pledge participants, the proportion of airdrops is even lower than that of test networks. How is this evaluated?
three ⃣ Is the so-called 'community co construction' a serious concept or a slogan used to attract people? In this allocation mechanism, is the community a contributor or a disposable tool being utilized?
If Babylon is building a secure infrastructure for PoS networks, then the community is the natural cornerstone. But the reality makes people feel that the project team only treats the community as a testing ground and free labor. This structure, to put it simply, is consuming trust.
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2、 What is the rationality of the withdrawal mechanism and fee setting?
The second most difficult point for the community to accept is Babylon's withdrawal mechanism: the unlocking period is as long as 15 months, and it also charges exorbitant transaction fees.
The problem is——
one ⃣ What are the considerations for a 15 month lock up? Is it technical or mechanism design, or is it simply for controlling the throwing pressure? Is it possible to optimize?
two ⃣ Why is the handling fee so high? Is there any public explanation? Isn't it unethical to charge a high transaction fee that makes people "withdraw for nothing" even though they know that users have received very few tokens?
This makes many people feel like they are not using Babylon's "self hosted security protocol", but rather walking through a "token fee station" called Babylon. Seemingly possessing assets, but in reality unable to move or lift them, and having to pay back gas.
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3、 What you are talking about is' ideal infrastructure ', but what the community is waiting for is' reality backlash'
Babylon has always packaged itself with concepts such as "modular trust," "self hosted security," and "service PoS," attracting the attention and trust of many developers, users, and media.
The community also sincerely supports you, making content, running nodes, and participating in testing, all out of recognition of your ideas. But now this trust is being gradually eroded by your allocation mechanism and implementation.
I want to ask:
one ⃣ Who designed such game rules?
two ⃣ Why hasn't the contribution of the community been properly treated?
three ⃣ Why is withdrawal designed as a combination of "high threshold+high cost"?
four ⃣ If you consider the mechanism reasonable, why didn't you disclose it in advance and build a process together?
If Babylon is truly a serious infrastructure project, we strongly recommend the project team to come forward and respond to these doubts. If we choose to remain silent and continue to operate in isolation, the voices we ignore today may turn into market backlash tomorrow.
Finally, I would like to remind the project team:
Your project is called Babylon, symbolizing the great project of humanity's attempt to "connect the heavens". But history also tells us that the ultimate reason for the collapse of the Sky Tower is often not the enemy, but the disintegration of internal trust.
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