Basri Caneri 
Bitcoin staking protocol Babylon has officially launched a foundation account called Babylon Foundation, generating a lot of interest in the ecosystem. Babylon’s official account has reposted posts from this new foundation, which means that according to many investors, the Token Generation Event (TGE) process could begin soon.
What is Babylon?
Babylon is a staking protocol that allows Bitcoin holders to earn rewards by staking their BTC. Unlike traditional staking systems, Babylon offers passive income generation using Bitcoin’s own security.
Users who participate in Babylon’s staking system earn rewards called “Babylon Points”. However, these points do not represent any currency or property rights and cannot be transferred, redeemed or cashed out.
What does the launch of the Babylon Foundation mean?
The announcement of the Babylon Foundation may be part of the project’s plans to expand its ecosystem. Typically, large projects establish a foundation ahead of a TGE (Token Generation Event) to increase community support and create a formal structure to guide the ecosystem.
The fact that Babylon’s official account reposted the foundation’s posts caused a stir in the community, with many speculating that this could be a signal that a token launch is imminent.
Especially as the concept of Bitcoin staking continues to gain traction in the DeFi space, Babylon’s launch of its own token could be considered a significant development in the industry.
Babylon’s Future: Is BTC Staking a New Trend?
Bitcoin has traditionally been considered a “non-stakeable” asset, but protocols like Babylon offer a new use case by turning BTC into a passive means of income. If Babylon announces TGE, a new BTC ecosystem based on the staking model could emerge and the popularity of BTC staking in the DeFi world could grow even further.
We will continue to closely follow Babylon Foundation’s activities and possible token launch.
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