The Babylon Foundation is pleased to announce the official Babylon early adopters airdrop program. This initiative celebrates Phase 1 Bitcoin stakers, Pioneer Pass NFT holders, and open-source developers who have contributed to the success of the Babylon ecosystem.
Cuneiform Assets, a Babylon Foundation company, will manage and conduct the airdrop. Airdropped BABY tokens will be transferred to eligible recipients who previously registered for the airdrop. There is no separate claim process. Please note that the Airdrop Terms include requirements, terms, and conditions that apply to the airdrop. All the airdrop categories described below are subject to the Airdrop Terms, and required prospective recipients register by March 25, 2025.
Below is a breakdown of the various categories of the airdrop. Airdrops in all categories will be distributed at the launch of the Babylon Genesis blockchain (the Network Launch), except for category (c), which will be distributed 6 months after the Launch.
30M BABY are allocated to eligible stakers who participated in Phase 1. This reward covers all valid stakes from Phase 1 which includes both accepted and overflow stakes.
Eligible stakers and their delegated Finality Providers in Phase 1 will receive a base staking reward airdrop. A fixed number of BABY is allocated per BTC block of the Phase 1 staking period, and this reward is shared among all the active stakes at that BTC block proportional to their stake size. The airdrop an eligible stake receives is the sum total of the rewards it receives across all the BTC blocks in which it is active, minus the commission its delegated finality provider charges.
The reward per BTC block is as follows:
Active stakes on March 31, 2025 will get a further bonus airdrop as a multiplier on the airdrop they receive in (b) if they successfully transition to Phase 2. To receive this bonus, users must remain staked, register for staking on Babylon Genesis within 4 weeks of the Network Launch, and continue staking for at least 100 consecutive days after registration. (Details of the Phase 2 registration process will be announced soon.) The 200M BABY bonus airdrop is shared among all such stakes, in proportion to the base staking reward airdrop they receive (category b)). Note that only Phase 1 stakers receive this bonus airdrop, and this bonus is in addition to the staking reward that they receive for securing the Babylon Genesis chain. (see BABY Tokenomics for more information about the BTC staking reward on Babylon Genesis.)
Pioneer Pass NFT holders who registered for the airdrop will receive 300 BABY tokens per NFT. A snapshot of eligible NFT holders has been taken at Polygon block 68305555 (February 24, 2025, at 7:15 AM UTC). Any unclaimed portion from this category will be reallocated to the community incentives (See BABY Tokenomics for more information about BABY token allocations).
5M BABY are allocated to open source contributors. Eligible repositories can be found here. A snapshot has been taken at 8 am UTC February 23rd. Any unclaimed portion from this category will be reallocated to the community incentives(See BABY Tokenomics for more information about BABY token allocations).
You can check your airdrop allocation from categories (a), (b) and (d) by visiting Cuneiform Asset’s airdrop checker page or API and entering your BABY address.
If you have registered your BABY address but your allocation does not appear in the airdrop checker page, most likely what happened was that you haven’t signed the Airdrop Terms. A signing page will be provided after the launch for you to sign the Airdrop Terms, and then your airdrop allocation will be transferred to you if you are eligible.
Stakers that missed the concluded airdrop registration will have a second chance. More specifically, once a stake is 1) transitioned to Phase 2 and secures Babylon Genesis chain (as defined in (c) above) 2) sign the Airdrop Terms, 3) meet other eligibility requirements, it will receive (a), (b) and (c) as defined above. The airdrop BABY address will be the BABY address the staker used for Phase 2 transition.
A list of BABY addresses that may be eligible but haven’t signed the Airdrop Terms can be found here.
A dedicated airdrop is planned for social media contributors who supported Babylon from the first Bitcoin staking cap on 22 August 2024 to 19 February 2025. More details—including eligibility and timeline—will be shared shortly after the Babylon Genesis launch. We appreciate your continued support and patience.
Please note that there are other airdrops not covered by this announcement, such as wallet campaigns and liquid staking incentives. For more information, please refer to the airdrop registration announcement.
THIS IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY BABY, AND IS NOT AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT OR ANY FINANCIAL PROMOTION THAT CAN BE CONSTRUED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY OR SIMILAR. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL.
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