Babylon Genesis Tokenomics and Airdrop FAQ

‍Early Adopters Airdrop Related

Q: Am I eligible for the Airdrop? Where to check my allocation?
A: The Babylon Early Supporter airdrop covers Bitcoin staking Phase-1 stakers, Phase-1 finality providers that have received delegations, and contributors to selected open-source Github repositories. You can check your allocation here:
https://airdrop.babylon.foundation/checker. Requirements and other terms are detailed in the A irdrop Terms.
Q: Do I need to claim? When and where will be the token available?
A: Registration is enough. You don't need to make a separate claim. BABY is the native token of Babylon Genesis. The airdropped BABY tokens will be directly transferred to your registered BABY wallet address upon the Phase-2 launch, i.e., the launch of Babylon Genesis.
Q: Will there be any technological transfer restrictions on the airdropped token (locking)?
A: No. The airdropped BABY tokens will not be locked against transfers.
Q: My stake is not an active one, do I have an allocation?
A: Yes, all Phase-1 stakes, regardless of whether it is accepted, overflow, unbonded, or withdrawn, will generally receive allocation. Note that there are requirements and other terms in the A irdrop Terms that apply.
Q: Are there other airdrops?
A: Yes.
- There will be a social airdrop for social media contributors that supported Babylon during Phase-1 for activities before 19 February 2025. Details will be announced later.
- There are also airdrops conducted by third parties such as wallet providers, exchanges, and ecosystem projects. Please follow their announcements.

Phase-1 stakers that transition their active stake to Phase-2 and remain staked for a period of time will receive extra BABY tokens by airdrop. Please refer to the airdrop announcement for more details.

6. Q: Has the Babylon Labs points program continued? Do those points still keep accruing?
A: No. It stopped on 2nd April.

7. Q: When will Bitcoin staking on Babylon generate BABY staking rewards programmatically? Will there be incentives for me to continue staking?
A: Yes. Once you transition your stake to Phase-2:

You will start to receive BABY rewards for BTC staking that are programmatically emitted by Babylon Genesis for providing security to Babylon Genesis. The staking rewards are shared among all the Phase-2 Bitcoin stakes proportionally. Note, staking on a proof-of-stake network like Babylon Genesis comes with slashing risks, so please do your own due diligence.
Phase-1 active stakes that transition to Phase-2 and remain staked for a period of time will also receive extra BABY via airdrop. Please refer to the airdrop announcement for more details.

8. Q: I staked Bitcoin through a third-party such as liquid staking token (LST) protocol, am I eligible for the airdrop?
A: You are not eligible for the stake-related airdrops because the staker is the third-party. Please contact the third-party for their potential incentives.

9. Q: The checker page said my wallet has no allocation.
A: It could be due to:

You provided a wrong/ineligible BABY wallet address.

You registered but didn’t sign the Airdrop Terms. Please refer to this list of BABY addresses that may be eligible but didn’t sign the Airdrop Terms.

You failed to meet applicable requirements.

10. Q: I forgot to sign the Airdrop Terms, what can I do?
A: If you registered for the airdrop but forgot to accept the Airdrop Terms, then Cuneiform Assets is expected to make available a separate acceptance page after the Babylon Genesis launch. Details will be announced later.

11. Q: I missed the registration. Will I have a second chance?
A: If you are a Phase-1 staker and are transitioning your BTC stake to Phase-2, then yes. Once you transition your stake to Phase-2 and sign the Airdrop Terms, your allocation (if any) will be airdropped to you. Details will be announced later. For other categories (NFT, Github), unfortunately, no.

12. Q: Who is conducting the main BABY airdrop? Who do I reach out to with questions?

A: The BABY token airdrop is being conducted by Cuneiform Assets, a Babylon Foundation company. You can send questions to c[email protected].

Tokenomics Related

Q: What is the total initial supply of BABY?
A: 10,000,000,000 (ten billion)
Q: Is BABY inflationary?
A: Yes. The inflation is 8%, where 4% goes to BABY stakers as staking rewards, and 4 % goes to BTC stakers as staking rewards.
Q: What are the utilities of Babylon Genesis and the BABY token?
A: Babylon Genesis is a Layer 1 proof-of-stake blockchain and the first Bitcoin secured network (BSN). It also serves as the control plane for other BSNs, as well as a liquidity hub that manages Bitcoin liquidity through on-chain applications that are secured by Babylon Genesis.
BABY is the native token of Babylon Genesis. It is both the gas token and the governance token of Babylon Genesis, and can also be staked to secure Babylon Genesis and earn staking rewards. Please refer to this blog for a further description of Babylon Genesis.
Q: What is the unlocking period of the investor/core team/advisor token?
A: 4 years from the upcoming public launch of Babylon Genesis. There will be no unlocking in the first 12 months.
Q: Can investor/core team/advisor stake their locked tokens?
A: They cannot stake their locked tokens in the first year. They can stake their locked tokens in subsequent years.

The foregoing FAQ is a summary intended for informational purposes only, and interested readers should read the Airdrop Announcement and Tokenomics blog posts here and here.

Legal Notice:

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.

This page contains hypothetical, forward-looking, and projected figures, which are not guaranteed and are subject to change. Actual numbers may vary. Babylon Foundation and its affiliates make no representation or warranty, express or implied, as to the completeness, reliability, validity, or accuracy of this information. The content here may contain incorrect information and errors. You agree and acknowledge that any information contained herein is subject to change without notice. No advice or information, whether oral or written, obtained from Babylon Foundation, will be construed to create any warranty or representation. All information in this document is provided on an “as is” basis without any representation or warranty of any kind.

The documents provided herein describe certain planned and specified economic fundamentals of a digital asset, BABY. These materials are intended for informational purposes only and are meant to outline the usage and functionalities of the asset within Babylon Genesis. It is important to understand that the primary purpose of BABY is to pay for fees, provide a mechanism for securing consensus, and allow for decentralized governance on Babylon Genesis; it is not intended to serve as an investment.

Our Terms of Use (found here) include additional risk disclosures, warranty disclaimers, and limitations on liability. We recommend that you read the Terms of Use carefully to ensure you understand the full scope of the applicable terms and conditions.

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