Babylon, the layer-1 blockchain that pioneers Bitcoin staking, has not too long ago introduced the conclusion of its Testnet-5, scheduled for October ninth, marking the start of Testnet-6. New customers can be a part of the Testnet-6 to earn $BABY, the community’s native token.
This text serves as a complete information to the Babylon airdrop, detailing the steps to assert it, verifying eligibility, and offering extra info such because the launch date, withdrawal course of, and extra. Let’s get began.
What’s Babylon?
Earlier than we get into the small print of the airdrop, let’s test what Babylon really is. Babylon permits the Bitcoin hodlers to earn rewards by staking their BTC with out the requirement of good contracts. Babylon cryptographically emulates good contract-like behaviour in order that the holders can stake their BTC whereas sustaining the self-custody of the belongings. The staking rewards will likely be in $BABY, which may also be staked to earn further rewards.
Past staking, BABY tokens may also be used for governance functions. As a decentralized community, holders can take part within the core decision-making course of. Additionally, BABY can be utilized to scale back the gasoline price of the transactions contained in the community.
How Does the Babylon Airdrop Work?
Babylon airdrop works by rewarding the customers who take part within the community by staking their BTC. Round 57246.72 BTC, valued at $7.13 billion, has already been staked in Babylon as of right this moment. Contributors can stake their BTC and take part within the Testnet-6 actions to earn rewards in $BABY.
Is Babylon Airdrop Free? Full Eligibility Standards
As a staking plus testnet airdrop, Babylon calls for that the members stake both their BTC or BABY cash. Additionally, extra transaction charges (minimal) will likely be there. However there is no such thing as a minimal staking quantity, it isn’t a free-to-participate airdrop. Additionally, you have to create a $BABY pockets deal with to obtain the rewards. Apart from this, no particular eligibility is required to partake.
It is very important keep in mind that airdropped tokens might have tax implications. In line with the IRS FAQ on digital forex transactions (airdrop tax therapy) and the IRS Income Ruling 2019-24 airdrops and arduous forks, airdrops could be handled as taxable revenue.
Methods to Declare the Babylon Airdrop? Step-by-Step Information
A beginner-friendly information for Babylon Airdrop participation is supplied beneath.
- Entry the official web site of Babylon Labs and faucet “Staking Interface.”
- Click on “Join Wallets” within the top-right nook.
- Settle for the Phrases & Situations, and faucet “Subsequent.”
- Select both the BTC pockets or the BABY pockets.
- Should you don’t have a BABY pockets, faucet “Create Pockets.”
- After connecting the pockets, navigate again to the staking interface.
- Enter the quantity you want to stake.
- Full the method by approving the authentication requests.
Methods to Withdraw Your Earnings? $BABY Worth
After the initiation of the staking course of, you’ll begin receiving the rewards in $BABY. As a token that has been buying and selling since Might 2025, you may entry the listed centralized or decentralized exchanges to swap your $BABY. The present worth is $0.95246, and market observers anticipate a bullish pattern quickly. High centralized exchanges that facilitate BABY buying and selling are listed beneath.
- Binance – BABY/USDT and BABY/USDC
- Bybit – BABY/USDT
- Upbit – BABY/BTC
- OKX – BABY/USDT
- Bitget – BABY/USDT
- Gate – BABY/USDT
- MEXC – BABY/USDT
- KuCoin – BABY/USDT
- Kraken – BABY/USD
Babylon Airdrop Launch Date & Finish Date
The testnet airdrop is ending its fifth section on October ninth. In line with the insider sources, the Testnet-6 will start on the identical day. Most likely, it can proceed until the tip of the 12 months. You’ll be able to comply with the official X (Twitter) deal with of Babylon Labs to remain up to date on the airdrop.
🚨 Testnet replace
Testnet-5 will likely be sundown on Oct 9 and changed with Testnet-6, preserving every part aligned with the upcoming Babylon Genesis launch.
🟠 Please unbond and withdraw your Signet BTC from Testnet-5 earlier than 10/9.
🟠 Directions for becoming a member of Testnet-6 will likely be shared…— Babylon (@babylonlabs_io) October 2, 2025
Last Ideas: Is This a Legit Airdrop?
Babylon looks as if a reliable platform. David C, co-founder of Babylon, is a reputed Stanford professor, and the platform has secured greater than 57K BTC for staking, which is considerable. Nonetheless, it is very important do your individual analysis to confirm its genuineness via your first-hand expertise. At all times DYOR, and comfortable airdropping!
