The new project in the cryptocurrency circle has arrived today Rise and fall are appearances Essentially, it is liquidity The direct problem of poor liquidity A very small amount of capital can manipulate the market Pulling and smashing stocks makes it easier for individual investors to suffer from head to head injuries Binance's strength lies in its liquidity Retail investors, whether buying spot goods or short selling contracts All contributing liquidity And this liquidity dividend Holding BNB can provide some transportation options Let's talk about the recent BNB holder airdrop project Baby Discuss some aspects of the project itself Not investment advice Baby is Babylon What we're doing is Bitcoin staking. Simply put Let BTC holders not have to bridge to other chains Directly staking on the Bitcoin network Private key not available for sale Take control of asset security on your own Previously, if you wanted to make money in a multi chain world using BTC Usually, BTC needs to be handed over to a cross chain bridge Replace with anchor coins such as WBTC The process is tedious, not to mention There is still a risk of the custodian running away or the contract being hacked It is not uncommon for cross chain bridges to be hacked in history There are currently over 150000 anchored BTC circulating on Ethereum and other chains This indirectly illustrates how strong the market demand is for BTC to integrate into DeFi It also means how much risk exposure there is Babylon completely eliminates these hidden dangers When the PoS new chain starts Often lacking sufficient capital to support security Even with a certain scale of funds The PoS chain itself also has some security risks For example, validators often find it difficult to prevent PoS blockchain from lacking security guarantees through operations such as "long-range attacks" Bitcoin assets idle with nowhere to play Contradiction? Babylon sees an opportunity It's about grafting resources from both sides together The security advantages of Bitcoin Lend PoS chain as a shield This also allows Bitcoin holders to earn extra interest, so the problem arises How to pledge BTC? After all, in traditional cognition Bitcoin does not have a solution for smart contract Babylon Utilizing Bitcoin's scripts and time locking To achieve the effect of "pledging" The user locks BTC for a specified time Cannot move during this period This lock will be recognized and verified by the Babylon protocol Equivalent to submitting a deposit to Babylon Network Prove that this portion of BTC will not be sold or transferred during this period Babylon uses this as the basis for credit Provide secure endorsement for other chains Of course, BTC locking alone is not enough Babylon also designed its own chain Called Babylon Genesis Chain Baby is the native token of this chain. Babylon uses a dual staking mechanism BTC needs to be pledged Baby also needs to pledge BTC lock provides economic guarantee Baby token is responsible for network operation and governance Simple understanding BTC is equivalent to margin Baby is like equity certificates and governance notes Two types of pledges jointly ensure the reliable operation of Babylon network With Bitcoin as an external guarantee PoS verification node is equivalent to submitting the 'no wrongdoing guarantee deposit' If anyone attempts to compromise network security It is possible that the pledged BTC may be confiscated With this layer of constraint The anti attack capability of PoS chain is significantly enhanced, and the significance of Babylon Genesis chain exists On the one hand, as a demonstration network Verify the feasibility of Bitcoin staking scheme On the other hand, it acts as an intermediary between multiple PoS chains and Bitcoin Babylon bridges the coordination of 'borrowing' Bitcoin security operations Multiple PoS chains can share the security dividend of Bitcoin For BTC holders A BTC pledge can also serve multiple chains On the other hand, it is even better to obtain returns from multiple sources Babylon significantly reduces redemption time Traditional PoS chain quality assurance locks often have to wait for several weeks Babylon's unlocking time for BTC staking The Babylon project was founded by Professor David Tse from Stanford University Accumulated financing of nearly $100 million since 2022 Top institutions such as Paradigm, Polychain, Binance Labs, etc Bet one after another Binance announces the launch of BABY token in April And use it as the 14th phase of the HODLer airdrop program https://www. ((binance.com))/zh-CN/bnb The so-called HODLer airdrop It's a reward for loyal BNB holders BNB holders have enjoyed a "lying down and earning" benefit this time in the week of early March From 0:00 on March 7th to 23:59 on March 12th Deposit BNB into Binance Simple Earn Whether flexible or regular Or users who participate in on chain revenue generating products All automatically qualify for BABY airdrop activities without the need to spend extra money to purchase coins Just lock in holding BNB and wait for a few days At the end of the event Platform based on position snapshot Proportion of BNB per person Divide and distribute 75 million BABY tokens among the airdropped BABYs One hour before Baby goes online for trading Directly distribute to the user's spot account BNB holders participate in lock up Improved the usage and retention rate of BNB The project party leverages Binance's platform Distribute tokens to numerous loyal BNB users Once launched, it has a huge user base and liquidity support The exchange has increased user activity It's also good to buy in stock Short selling is fine The project financing is good The team can actually do it too There are market makers dedicated to maintaining Good liquidity There are still opportunities for both ups and downs https://www. ((binance.com))/zh-CN/my/dashboard