BTC stake protocol Babylon will issue coin? Babylon Chain and multiple stake are expected to go live this year

The Babylon Foundation, which supports the development of BTCstakeprotocol Babylon, officially launched its official X account yesterday (24) and released its first tweet, which was considered by the community to hint that Babylon may be about to TGE (Token Generation). (Synopsis: Introducing stake (Staking) to BTC, how does Babylon unlock the k-dollar market? (Background supplement: 2024 encryption industry review and outlook: the rise of Stable Coin payments, BTC L2 has great potential) The Babylon Foundation, which supports the development of BTCstakeprotocol Babylon, officially launched its official X account yesterday (24) and released its first tweet, which was considered by the community to suggest that Babylon may be imminent TGE (Token Generation). Hello World pic.twitter.com/9RZobe2UuV — Babylon Foundation (@bbn_foundation) February 24, 2025 What is Babylon? As a BTCstakeprotocol, Babylon aims to leverage the security of the BTC network to provide shared economic security for other PoS (Proof of Stake) chains, thereby dropping the time and cost of building a trusted network on these chains. In simple terms, for users, Babylon allows BTCholders to earn revenue through stakeBTC using the "Proof of Stake" (PoS) mechanism, and users can lock BTC on the BTC network and rent out its security to other PoS chains, thus helping these chains to get up and running quickly. Read more: What is BTCstakeprotocolBabylon? Three features, potentials and challenges, how to ensure security Babylon development history Babylon protocol mainly enhances the security of PoS chain through three core functions, namely BTC's timestamp service, block space and asset value. These elements form the core of Babylon's secure sharing protocol, which improves the security and efficiency of all types of PoS networks. Specifically, the development history of Babylon is: February 2023: The Babylon project was established and the official X account was launched. May 22, 2023: Babylon announces the completion of an $8.8 million seed round led by IDG and Breyer Capital. December 7, 2023: Babylon announces the completion of a $18 million Series A funding round led by Polychain Capital and Hack VC. February 28, 2024: Babylon Testnet is online, open for testing Token Signet BTC (SBTC) claims, including BTC timestamp protocol and stakeprotocol. As of March 1, the cumulative number of STAKE participants reached 100,000. April 27, 2024: Babylon announced partnerships with more than 60 Cosmos application chains, including Ethereum RAAS vendor AltLayer, BTC L2 protocol Lorenzo Protocol, Bison Labs, Nubit, and more. May 17, 2024: Babylon partners with multiple Wallet service providers, BTC L2, Decentralized Finance protocol, Rollup service provider, and more. May 28, 2024: Babylon Testnet Testnet-4 goes live. May 30, 2024: Babylon announces the completion of a $70 million funding round led by Paradigm and involving 30 institutions. August 22, 2024: Babylon Phase 1 Mainnet goes live. January 9, 2025: Babylon announces the launch of its new website. Babylon Trailer Launches Babylon Chain and Multiple Stake According to an article published by Babylon (Chinese) on the X platform on January 15, Babylon attracted 135,290 stakers in the first phase of BTCstake, and the number of stakeBTC reached 57,290; At the same time, in 2024, Babylon has made significant progress in ecological development, with a total of 25 BTC-protected networks committed to integrating with Babylon and cooperating with 12 Web3 Wallets, which have been participated and adopted by institutions. For 2025, Babylon's major plans include: launching Babylon Chain in the second phase, becoming the first BTC-protected network and creating a Block chain security market; In the third phase, the multi-stake feature was launched, allowing BTC to secure multiple networks at the same time and earn multiple rewards. Combined with the launch of the Babylon Foundation, perhaps we will soon see a new token go live. 展望 2025 年 第二阶段 Phase-2:推出巴bi龙链 (Babylon Chain),成为第一个受比te 币保护的网络并打造区块链安全市场。 第三阶段 Phase-3:多重质押功能,支持比特币同时保护多个网络并获得多重奖励。 — Babylon English (@babylon_zh) January 15, 2025 Related Stories Babylon has performed mediocre in 1 month since its launch, can the BTCFi narrative be tenable? Why is BTCstakeprotocol "Babylon" difficult to replicate the success of EigenLayer? BTC Stake" Babylon & Chakra Staking Tutorial "BTCstakeprotocol Babylon will issue coins? This article is expected to launch Babylon Chain and multiple stakes" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".