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Title: CoinW Has Launched Babylon (BABY) and Kick off a $10,000 USDT Reward Program
CoinW officially listed the Paradigm and Polychain Backed Babylon (BABY) at 10:00 (UTC) on April 10th and opened the BABY/USDT trading pair. To celebrate the listing of BABY, we are launching the “BABY Bounty Program" event with a reward pool of 10,000 USDT. Babylon: Securing PoS with Bitcoin Babylon is a cutting-edge mainnet project designed to enable Bitcoin holders to secure Proof-of-Stake (PoS) blockchains through its innovative Bitcoin Pledge Protocol. By bridging Bitcoin Security Networks (BSNs) with BTC holders, Babylon enhances cross-chain trust without relying on traditional wrapping or pegging mechanisms. Over 56,000 BTC (worth approximately $5.6 billion) have already been pledged through the protocol, making Babylon a standout in the BTCFi track. BABY, the native token of Babylon Genesis, serves both gas and governance functions, allowing holders to vote on protocol upgrades. Its dual pledge model—using both BABY and BTC—provides a robust, decentralized framework for long-term network security and user engagement. Supported by Industry Giants with Strong Tokenomics Babylon has raised $88 million in funding from top-tier investors. In December 2023, it closed an $18 million round led by Polychain Capital and Hack VC, with support from Framework Ventures, OKX Ventures, and others. In May 2024, Paradigm led a $70 million round, cementing Babylon’s position as one of the most well-backed projects in the Bitcoin security space. The total supply of BABY is 10 billion, with thoughtfully allocated vesting across community incentives (15%), ecosystem building (18%), and R&D operations (18%). Early private investors and team members have multi-year vesting plans, ensuring long-term alignment and preventing early token dumping. Ma...
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