{"id":11186,"date":"2024-02-29T16:52:53","date_gmt":"2024-02-29T14:52:53","guid":{"rendered":"https:\/\/forklog.com\/en\/babylon-launches-testnet-for-bitcoin-staking-protocol\/"},"modified":"2024-02-29T16:52:53","modified_gmt":"2024-02-29T14:52:53","slug":"babylon-launches-testnet-for-bitcoin-staking-protocol","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/babylon-launches-testnet-for-bitcoin-staking-protocol\/","title":{"rendered":"Babylon Launches Testnet for Bitcoin Staking Protocol"},"content":{"rendered":"<p>The team behind the Babylon protocol for staking the first cryptocurrency has launched a test network and announced an NFT giveaway for early users.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">AND. WE\u2019RE. LIVE ?<\/p>\n<p>It&#8217;s time to join the Bitcoin Staking Revolution??<\/p>\n<p>Babylon Testnet, the first ever Trustless Native Bitcoin Staking protocol, is now officially live!<\/p>\n<p>Get involved, stake Signet <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> and claim your free Pioneer Pass now.<a href=\"https:\/\/t.co\/kdBgiu12Fq\">https:\/\/t.co\/kdBgiu12Fq<\/a><\/p>\n<p>?? <a href=\"https:\/\/t.co\/l0eZTmZzev\">pic.twitter.com\/l0eZTmZzev<\/a><\/p>\n<p>\u2014 Babylon (@babylon_chain) <a href=\"https:\/\/twitter.com\/babylon_chain\/status\/1762824546854510914?ref_src=twsrc%5Etfw\">February 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To participate in earning income from securing PoS networks, users need to connect browser wallets OKX and Keplr, and acquire some BTC Signet and BBN tokens through the project&#8217;s Discord channels.<\/p>\n<p>According to the website, users must select a specific Proof-of-Stake chain, a provider (or create their own), and designate the amount and duration of the lock-up. Funds can be withdrawn at any time.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"166\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Staking-Pioneers-Google-Chrome-1024x166.jpg\" alt=\"Bitcoin-Staking-Pioneers-Google-Chrome\" class=\"wp-image-227156\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Staking-Pioneers-Google-Chrome-1024x166.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Staking-Pioneers-Google-Chrome-300x49.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Staking-Pioneers-Google-Chrome-768x125.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Staking-Pioneers-Google-Chrome.jpg 1343w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/pioneers.babylonchain.io\/\">Babylon<\/a>.<\/figcaption><\/figure>\n<p>The team warned that transaction confirmation could take up to an hour.<\/p>\n<p>Connected users are eligible for additional rewards in the form of non-fungible tokens called Pioneer Pass. A Polygon network address is required for this. The offer is time-limited, with applications for the collectible asset open until March 6.<\/p>\n<p>In December, the project raised $18 million in a Series A funding round led by Polychain Capital and Hack VC.<\/p>\n<p>In February, Binance Research experts noted a boom in the restaking segment, which includes Babylon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the Babylon protocol for staking the first cryptocurrency has launched a test network and announced an NFT giveaway for early users. AND. WE\u2019RE. LIVE ? It&#8217;s time to join the Bitcoin Staking Revolution?? Babylon Testnet, the first ever Trustless Native Bitcoin Staking protocol, is now officially live! Get involved, stake Signet #BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1289],"class_list":["post-11186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-staking"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11186"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11185"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}