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Cap3 of Babylon Bitcoin staking mainnet Phase-1 is launching soon! Stake with imToken to secure a guaranteed reward of 100 USDC and earn up to 800 USDC — first come, first served. The more you stake, the greater the rewards!

⏰ Time:  Starting on Dec 10 2024 at 7:20pm (UTC+8) and lasting for 1,000 BTC blocks (roughly a week)
🏆 Total Prize Pool: 17,500 USDC (provided by Babylon)

Rules

1️⃣ Participation Rewards 

Stake 0.005 BTC to qualify for rewards!

  • The first 100 users to successfully complete staking through imToken and comment with a screenshot of your staking under this tweet will each receive 100 USDC.
  • Participants who stake successfully will also earn Babylon points.

2️⃣ The More You Stake, The More You Earn

  • During Cap3, the top 10 users with the highest BTC stakes (with at least 0.1 BTC in accumulated staking amount) will each receive an additional 700 USDC.

(Note: Rewards from 1️⃣ and 2️⃣ can be combined.)

3️⃣ X Rewards

FAQs

1. How to participate in the event with imToken?

  • Switch to a BTC account starting with bc1p or bc1q in imToken. Open the Babylon DApp from the browser tab, connect your wallet, select a finality provider (validator), enter the staking amount, and confirm to complete the staking process. Once staking is successful, you can check your record in Stake history.
  • Tutorial 👉 https://support.token.im/hc/en-us/articles/36702982047257

2. How will rewards be distributed?

  • After successfully staking, please fill out the form to provide your reward address 👉 https://forms.gle/PQvzVT1vv2Av1oGs8
  • Rewards will be distributed on the Arbitrum network within 7 business days after the event ends.

3. How to confirm eligibility for rewards?

Staking rewards will be calculated and announced after staking is completed. Users can follow imToken X for updates.

For further questions, join the imToken Discord to contact us.

4. Important Notes

  • Rewards apply only to staking completed during the event period; pre-event staking is not eligible.
  • Users must complete staking through the imToken wallet to qualify for rewards.
  • In Phase-1, staked Bitcoin has a lock-up period of a maximum of approximately 15 months. Early unlocking requires a wait of about 7 days before withdrawal. For more details, visit the Babylon website.

 

imToken Team

December 10, 2024