Babylon Labs Launched HODLer Airdrops Exclusively for BNB Holders

Binance launched HODLer Airdrops exclusively for BNB holders. Users who subscribe to Simple Earn using BNB will receive airdropped tokens

Binance is launching exclusive HODLer Airdrops for BNB holders. Users who subscribe to Simple Earn using BNB will receive new tokens.

What Are HODLer Airdrops?

As part of its efforts to list new tokens and provide wider benefits to Binance users, the exchange will be launching new tokens with a large circulating supply. A portion of these new tokens will be used for Binance’s exclusive HODLer Airdrops.

These airdrops will be credited to users who subscribe to Simple Earn products (Flexible and/or Locked) using BNB.

How to Benefit from HODLer Airdrops

1. Head to [Earn] and search for BNB.

2. Subscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.

Those who are already subscribed to BNB Simple Earn will automatically be included in the airdrop.

3. Binance will post an announcement before a HODLer Airdrops of new token begins.

4. Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked). Binance will use historical snapshots of user balances at random periods after this announcement to calculate user rewards.

What Is Babylon’s Core Innovation?

Babylon’s flagship achievement is trustless Bitcoin staking. Unlike solutions that wrap BTC on a different chain, Babylon employs Taproot scripts directly on the Bitcoin network. This means users retain self-custody—no custodial bridging or third-party risk.

Simultaneously, Babylon Chain (built with the Cosmos SDK) acts as a coordinator between Bitcoin and various PoS networks, known as Bitcoin Secured Networks (BSNs). By embedding periodic checkpoints into Babylon Chain, Babylon leverages BTC timestamping for faster finality and reduced unbonding times.

What Is the Role of the $BABY Token?

🔥 Governance:$BABY is Babylon Chain’s native token, used for voting on network upgrades, parameter changes, and resource allocation.

🔥 Utility & Fees: Transaction fees on Babylon Chain are denominated in $BABY. A portion of fees from matching BTC stakers and BSNs could also flow to BABY holders, aligning incentives.

🔥 Distribution: A wide-ranging airdrop ensures that Phase-1 BTC stakers, finality providers, open-source contributors, and community members will all have a stake in Babylon’s success.

Could BABY become a cross-chain governance staple? The team believes it underlies the entire “Bitcoin security-sharing” marketplace, uniting the incentives of stakers, validators, and partner blockchains.

Where Does Babylon Operate Technically?

👉 Bitcoin Ledger: By using Taproot scripts, Babylon keeps BTC on Bitcoin’s main network.

👉 Cosmos Ecosystem:Babylon Chain is built with the Cosmos SDK, enabling IBC (Inter-Blockchain Communication) with other Cosmos-based zones.

👉 Future Ethereum/Solana Bridges: Babylon’s flexible design can extend BTC security to almost any PoS system or L2 rollup, fueling cross-chain potential.

How Does Babylon Labs Work. Staking Mechanics, Implementation, and BABY Airdrop

How Does Trustless Bitcoin Staking Operate?

💥 Taproot Scripts: BTC is locked in specialized addresses, ensuring self-custody.

💥 Babylon Chain Coordination: Relayers inform Babylon Chain about BTC transactions, linking staked BTC to validators and finality providers.

💥 Finality Providers (FPs): Users can delegate BTC stake to FPs who validate blocks on Babylon Chain and various PoS networks.

💥 Slashing Logic: If FPs cheat on any chain they secure, Babylon enforces a “programmable slashing,” making some staked BTC unredeemable.

How Does $BABY Fit In?

🔥 Governance: BABY holders vote on proposals affecting Babylon Chain—e.g., adopting new BSNs, adjusting fee policies, or upgrading software.

🔥 Fee Sharing: Part of the fees from matching BTC stakers to PoS networks may be distributed to $BABY stakers.

🔥 Airdrops: Phase-1 BTC stakers and community contributors will receive BABY allocations, fostering a decentralized ownership base.

Are users concerned about slashing BTC? Babylon has completed several audits and is rolling out features in phases to build trust that slashing will only occur for genuine misconduct. This careful approach is designed to safeguard the billions of dollars being locked in Taproot scripts.

Babylon Labs is revolutionizing decentralized finance (DeFi) by harnessing Bitcoin’s unmatched stability and liquidity to benefit the broader crypto ecosystem.

While Babylon Chain is built on the Cosmos SDK and leverages the interoperability of IBC, it’s crucial to note that Babylon is not integrating with existing Cosmos Hub staking. Instead, Babylon Chain acts as a separate entity, forging new connections with diverse PoS networks.

This integration is part of Babylon’s broader strategy to expand the capabilities of the Cosmos ecosystem while forging new avenues for liquidity and participation within the DeFi landscape.