Babylon is a layer1 blockchain founded by Professor David Tse of Stanford University. The project's mission is to bring Bitcoin's unparalleled security to all PoS blockchains without any additional energy costs. The team consists of researchers and experienced developers from Stanford University and experienced business consultants.
Prepare
1. New users register a Binance account
If you don’t have a Binance account, register one first, then download the Binance APP to operate:
Registration method 1: Click the link to register (if it cannot be opened, you can copy the address and open it in the browser)
https://accounts.suitechsui.red/register?ref=10115905
Registration method 2: Scan the QR code to register directly
2. Update the Binance App to the latest version.
2. Prepare BNB
Prepare some BNB in the Binance APP, and then transfer it to the WEB3 wallet (BNB Chain). In the task below, you will not only need it to pay for the GAS fee, but also need to use it to exchange for the solvBTC we need for staking.
3. Enter WEB3 wallet
In the Binance APP, select the [Funds] bar at the bottom right corner, and then select the [Web3] button at the top to enter the wallet. If you already have BNB (BNB Chain) in your WEB3 wallet, skip this step.
4. Transfer BNB
Open the WEB4 wallet and transfer BNB from the Binance APP to the WEB3 wallet
Operation tutorial:
Step 1: Exchange
1. Exchange the newly transferred BNB into SovBTC in the WEB3 wallet
Method: Click the Exchange button at the bottom of WEB3, switch to the exchange page, as shown in the figure below, and exchange some BNB for SolvBTC.
2. Exchange the newly transferred BNB into BTCB in the WEB3 wallet
Method: Click the Exchange button at the bottom of WEB3, switch to the exchange page, as shown in the figure below, and exchange some BNB for BTCB.
Step 2: Stake to complete task list 1 and 2
1. Enter the event page
Click on the Babylon event banner image on the Web3 homepage to enter the event page and click to join now.
2. Stake SovBTC
Find [Solv Protocol] in the [Task List] and select [Stake Now] below. Select [BNB Chain], select [MAX] for the quantity, check the protocol, click [APPROVE] below, then click [Stake] and confirm in the wallet.
Pledge Success
The rule here is that for every 1U of assets pledged, you can get 12XP, and the more you pledge, the higher the points.
After we pledge, we will get SolvBTC.BBN directly in our wallet. Don’t rush to sell this coin. You can sell it at any time after receiving the airdrop.
3. Stake Chakra
The steps are as follows:
Find [Chakra] in the [Task List] and select [Pledge Now] below.
After entering the page, enter the invitation code: 92d73a
Then click [Enter the code] and sign in the wallet to confirm.
Then enter a new page, select [Binance Staking Pool], select [MAX] for the quantity, then click [Stake] and confirm in the wallet.
Some notes on Chakra
Stake a minimum of 0.0001 BTCB and a maximum of 0.0005 BTCB on Chakra.
Limited to 20 BTC, first come first served. One pledge to get Babylon and Chakra points
Once you have successfully staked, you will be eligible for future Babylon staking rewards and Chakra Prana rewards. Use invitation code 92d73a to receive a 10% bonus on your points
Babylon's mainnet staking has only been open a few times, and each time it was sold out within 15 minutes. This 7-day staking opportunity is rare. The Charka task is relatively simple, suitable for novices, and does not require a staking quota, so it is cost-effective.
Activity Rules
Event time: 2024-08-01 08:00:00 to 2024-08-07 23:59:59 (UTC)
Staking limit: Maximum 0.0005 BTCB and minimum 0.0001 BTCB per user.
1-2 USD worth of BNB is required to pay for the gas fee of the BSC network.
award:
Potential Babylon staking rewards (Chakra promises to stake 20 BTC on the Babylon mainnet)
Chakra Prana Rewards (1 Chakra Prana per day for every 0.0001 BTCB staked)
Chakra Prana Rewards: Issued through the staked BTCB amount in daily snapshots.
Step 3: Complete Task Lists 3 and 4
Tasks 3 and 4 are relatively expensive, so decide whether to participate based on your actual situation.
1.【BEDROCK】
【BEDROCK】For this task, you need to use wBTC of ETH mainnet for staking, so you need to have mainnet ETH (ERC20) in your wallet.
Then convert part of ETH into wBTC (ERC20), and then stake it on BEDROCK. If you choose a time period with lower GAS, it will cost about a dozen dollars.
2.【PSTAKE】
【PSTAKE】This task requires staking with BTC mainnet tokens, so you must have BTC in your wallet (wallet address starts with bc1)
