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
- Like and retweet this tweet https://twitter.com/imTokenOfficial/status/1866320741039550621
- 25 lucky users will be randomly selected to win 10 USDC each!
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