The Babylon Foundation has officially announced the opening of registration for its highly anticipated airdrop event. Starting at 8:00 AM UTC on February 25th, eligible participants can begin the process to claim BABY tokens. This initiative is designed to reward early supporters and active contributors within the ecosystem.
Participants will need to create a dedicated BABY address and cryptographically link it to a Bitcoin wallet used for staking or to wallets associated with other qualifying activities. This process ensures that users can receive their allocated tokens upon the launch of Babylon Genesis. Babylon Genesis is the first Bitcoin-Secured Network (BSN), acting as a foundational platform for security and liquidity coordination for future BSNs. The airdrop registration and subsequent distribution will be managed by Cuneiform Assets, an entity operating under the Babylon Foundation.
For stakers who might miss this initial registration window—potentially due to current wallet compatibility issues—there may be a secondary opportunity to participate after the Babylon Genesis launch.
Eligibility Criteria for the Airdrop
Phase 1 Stakers
Users who participated in the Phase 1 staking program are eligible for the airdrop. This includes all individuals who staked their assets before the cap of 3,875,087 was reached.
Pioneer Pass NFT Holders
To express gratitude to early supporters, holders of the Pioneer Pass NFT are eligible for an additional allocation of the airdrop. A snapshot for NFT holders was completed at Polygon block height 68,305,555, approximately at 7:15 AM UTC on February 24, 2025.
Phase 1 Finality Providers
Individuals who served as finality providers on Babylon Git during Phase 1 are also eligible to receive a delegated allocation in the airdrop.
Eligible GitHub Contributors
The foundation aims to recognize and reward contributions to various open-source projects. This includes work in domains such as Cosmos, Bitcoin, Ethereum, shared security, cryptography, zero-knowledge proofs, and BitVM. The development of Babylon has been built upon the foundational work in these areas. A complete list of eligible code repositories is available on the official portal. The snapshot for GitHub contributors was completed at 8:00 AM UTC on February 24th.
Please note that you will be able to verify your eligibility and complete the registration process on the official airdrop registration portal.
Supported Wallets for the Airdrop
The foundation has indicated that the airdrop registration process will be compatible with several popular cryptocurrency wallets. While the official list is subject to updates, the following wallets were mentioned in relation to the process:
- Xverse Wallet
- Leather Wallet
- Tomo Wallet
- OneKey Wallet
- Unisat Wallet
It is advisable to check the official Babylon channels for the most current information on supported wallets and any specific integration instructions.
Social Media Airdrop Initiatives
Additional airdrop opportunities related to social media campaigns are expected. These will likely reward community members for participation in specific activities leading up to February 19, 2025. The community is encouraged to stay engaged for further announcements regarding these initiatives.
For a comprehensive guide on connecting your wallet and ensuring you meet all technical requirements, you can explore more strategies on dedicated platforms.
Frequently Asked Questions
What is the purpose of the Babylon airdrop?
The airdrop is designed to reward early adopters, stakers, and contributors to the Babylon ecosystem and its supporting open-source communities. It distributes BABY tokens to incentivize participation and secure the network.
I missed the registration snapshot. Can I still participate?
The initial registration snapshot has been completed. However, the foundation has indicated that a second chance for registration may be offered after the Babylon Genesis launch for those who missed the first window due to issues like wallet incompatibility.
How do I know if my GitHub contributions qualify?
A complete list of eligible code repositories and contribution criteria is available on the official Babylon airdrop registration portal. You can check this list to see if your work in relevant fields like cryptography or Bitcoin development qualifies.
What can I do with my BABY tokens?
While specific utilities will be fully revealed with the Babylon Genesis launch, BABY tokens are expected to play a core role in the security and governance of the Bitcoin-Secured Network. For the latest updates on token functionality, view real-time tools and announcements from the foundation.
Is there a risk involved in registering?
Registering for an airdrop is typically a low-risk process of proving eligibility and providing a receiving address. Always ensure you are using the official website and never share your private keys or seed phrases with anyone.
Will I have to pay gas fees to claim my tokens?
Gas fees are often required on the network to process transactions, including token claims. The specific details regarding any costs associated with claiming your BABY tokens will be communicated by the foundation closer to the distribution date.
Legal Disclaimer
This information is not an offer to sell or a solicitation of an offer to buy any BABY tokens. It does not constitute any form of advice, including legal, investment, financial, or tax advice. The content should not be relied upon as a substitute for professional consultation.
This announcement contains hypothetical, forward-looking, and predictive data that is not guaranteed to be accurate and is subject to change. The Babylon Foundation and its affiliates make no representations or warranties regarding the completeness, reliability, validity, or accuracy of this information, which may contain errors. All information is subject to change without notice.