Babylon is a Bitcoin staking protocol that will let BTC holders stake their coins on proof-of-stake blockchains and earn rewards.
Built using the Cosmos SDK, Babylon chain provides Bitcoin timestamping services to PoS chains and acts as a control plane to synchronize between the Bitcoin network and the PoS chains.
Lets begin with the steps to position ourselves for the confirmed $BBN airdrop!
Step by Step Guide
Download Keplr
– If you already own a Keplr wallet skip this step.
– Go to: http://keplr.app/download
– Set up the wallet.
– Make sure you copy the private key / phase and safe it!
Add Babylon testnet
– Go to: http://chains.keplr.app
– Type “Babylon Testnet”
– Add the network.
Faucet $BBN tokens.
– Go to: http://discord.gg/babylonglobal
– Navigate to the “faucet-test-bbn” channel.
– Type “!faucet” and paste your $BBN wallet address.
OKX wallet
– If you already own the OKX wallet extension skip this step.
– Go to: Download Chrome Extension
– Download and setup the wallet.
– Make sure to safe the private keys.
Faucet $sBTC on OKX wallet
– Go to: http://signetfaucet.com
– Open the OKX wallet and search for the sBTC address (Signet Bitcoin).
– Copy the address and go back to the faucet.
– Enter your $sBTC address.
– Click “Send”
Staking
– Go to: http://btcstaking.babylonchain.io
– Connect your Keplr and OKX wallets.
– Select a BTC finality provider.
– Set up staking terms.
– Click “Preview”
Zealy
– Go to: http://zealy.io/c/babylonchain
– Complete all easy quests.
That’s all for now. We hope you find value in this guide.
Share this information with your friends on X or Tokenhunters Social and become eligible together!
Make sure to follow us on twitter and hit that notification button!
Comments