The cryptocurrency world was recently introduced to an innovation in blockchain technology through the Babylon Project, also known as Babylon Crypto: Bitcoin (BTC) staking.
After several phases of its roadmap, Babylon has now released a native token to support the performance of its ecosystem—BABY Coin.
Here’s everything you need to know about Babylon Coin (BABY COIN).
What is Babylon Coin (BABY COIN)?
Babylon Coin (BABY) is the native cryptocurrency of Babylon Genesis, the first-ever Bitcoin Secured Network (BSN).
This network leverages Bitcoin’s unparalleled security to protect and manage other blockchain systems.
Built using the Cosmos SDK, Babylon Genesis ensures strong interoperability and scalability across networks while serving as a central hub for security and liquidity management in future BSNs.
A New Security Model: Dual Staking
Babylon Genesis introduces a unique multi-staked consensus model based on CometBFT (formerly Tendermint), where both BTC and BABY tokens play key roles:
1. Bitcoin (BTC) Staking
Bitcoin holders can stake their BTC directly from the Bitcoin network without wrapping or bridging, retaining full control of their assets.
These BTC stakers delegate their stake to Finality Providers, which help secure Babylon’s PoS chains, actively utilizing Bitcoin’s security beyond just storing value.
2. BABY Token Staking
BABY holders delegate their tokens to CometBFT validators, responsible for validating transactions and maintaining consensus on the Babylon Genesis chain.
This staking mechanism enhances the network’s reliability and performance.
Key Features of Babylon Coin (BABY Coin)
- Governance – BABY holders propose and vote on protocol decisions.
- Network Security – BABY supports validator operations and consensus.
- Transaction Fees – Used to pay for network transactions.
- Rewards & Incentives – Distributed to BTC and BABY stakers to encourage participation.
Understanding Babylon Genesis
Babylon Genesis is the first blockchain launched by the Babylon Project, serving as the foundation for decentralized systems secured by Bitcoin.
It acts as a control center for Bitcoin Secured Networks (BSNs) and introduces native BTC staking—allowing Bitcoin holders to secure PoS chains without custodial risks.
Babylon Coin (BABY Coin) Tokenomics
- Total Supply: 10 billion BABY tokens.
- Divisibility: Each token splits into 1,000,000 "ubbbn" units for micro-transactions.
Distribution Highlights:
- Community Incentives (15%) – Rewards for user engagement.
- Ecosystem Development (18%) – Funds partnerships, marketing, and grants.
- Private Investors (30.5%) – Locked for 1 year, then linearly released.
- Team (15%) – Vesting over 4 years.
Strategic Phases of the Babylon Network
- Phase 1: Bitcoin Locking – Enabled non-custodial BTC staking.
- Phase 2: Babylon Genesis Launch – Introduced PoS chain with BTC staking.
- Phase 3: Bitcoin Multi-Staking – Expands BTC’s role in securing multiple blockchains.
BABY Token Airdrop Details
600 million BABY tokens (6% of supply) distributed to:
- Early BTC stakers.
- Pioneer Pass NFT holders.
- Codebase contributors.
Final Thoughts
BABY Coin powers the Babylon Genesis ecosystem, enabling:
- BTC staking without relinquishing control.
- Governance participation.
- Earnings through staking rewards.
Babylon’s dual-staking model merges Bitcoin’s security with PoS flexibility, creating a groundbreaking DeFi and cross-chain security solution.
FAQs
1. What is Babylon Coin (BABY Coin)?
BABY is the native token of Babylon Genesis, enabling governance, staking, and transaction fees within the ecosystem.
2. How is Babylon different from other blockchains?
It allows native BTC staking without wrapping or bridging, combining Bitcoin’s security with PoS flexibility.
3. What is BABY used for?
- Paying transaction fees.
- Staking for rewards.
- Governance voting.
4. How can I earn BABY tokens?
- By staking BTC or BABY.
- Participating in community programs.
5. Is Babylon secure?
Yes, it undergoes regular security audits, and BTC staking is non-custodial.