Babylon has launched the first phase of its Bitcoin Staking Mainnet, where participants can stake their $BTC to earn Babylon points.
These points will be converted into the project’s native token in the future.
The project has secured $96 million in investments from top-tier investors, including Paradigm, Polychain, Binance Labs, and Hack VC, reflecting strong industry support.
Time required to participate: 15 minutes
Expected reward: Retroactive $BABYLON token airdrop
Risk level: Medium
Deadline: The first phase will last for 64,000 Bitcoin blocks or approximately 15 months.
Sign Up
Visit the Babylon Bitcoin Staking website and sign up.
Staking starts from August 22, 13:00 UTC.
Stake your $BTC
Ensure you have $BTC ready for staking.
The initial staking limit is 1000 $BTC, with deposits accepted on a first-come, first-served (FCFS) basis. You can stake between 0.005 $BTC (minimum) and 0.05 $BTC (maximum).
Monitor the staking progress
The first phase will last for 64,000 Bitcoin blocks (approximately 15 months).
If you wish to withdraw your $BTC, the process will take 1008 Bitcoin blocks (about 7 days).
Babylon is an innovative blockchain project that aims to leverage the security and robustness of Bitcoin by providing a dedicated staking protocol. It’s designed to enable Bitcoin holders to stake their assets, thereby participating in the network's security and governance while earning rewards. This approach allows Bitcoin, traditionally a Proof-of-Work (PoW) asset, to integrate more closely with Proof-of-Stake (PoS) ecosystems and decentralized applications (DApps).