What is Babylon Finance (BABL) | What is Babylon Finance token | What is BABL token

Introducing Babylon.finance

The first decentralized asset management protocol where funds are owned and led by the community.

A new age of investing

We are witnessing the end of a 30-year secular downtrend in interest rates. We reached zero. End of the road.

Bonds are no longer a viable hedge for portfolios. Equities are at an all-time high in terms of P/E ratios. Central banks are increasing the money supply faster than ever. Inflation looms on the horizon.

We need an alternative.

Vision

Bitcoin showed us the way. Crypto is the only asset class that has outperformed the increase in the money supply by central banks.

The asset class is just getting started. Every asset is eventually going to be tokenized and become a crypto asset. Forex, Commodities, and even equities are already available via  Synthetix.

And that’s on top of the digital native assets that are already out there. Artists around the world are selling digital creations for hundreds of thousands of dollars on SuperRare. Mark Cuban and Chamath are rightly obsessed with NFTs.

The total addressable market of Asset Management in traditional finance is approximately $100 trillion. DeFi by comparison is only  $40 billion.

There is a huge opportunity ahead.

Democratization of Investing

We want to bring everyone access to this generational opportunity. It is not just another asset. Trustless networks are going to give you access to investments that were previously locked by regulations, jurisdictions, and accreditation rules. Decentralized protocols are going to bring the deals that happened behind closed doors to the public.

Web 2.0 allowed anyone to become a creator, a YouTuber, a blogger, or a podcaster.

Web 3.0 is going to turn the world into investors. Everyone can own a stake in the products they believe in, sharing the upside.

Number of investors +++

In order to make this happen, we need to remove the barriers that prevent mass adoption. We need to give everyone a chance to participate. We need to rethink asset management from scratch.

We need tocreate a community-first platform.

By the people, for the people**.**

Community First

Wall Street Bets, Seeking Alpha, and Real Vision show the power of investing as a tribe**. Members of these communities **want to collaborate on a shared vision of the world and are willing to put their money on it. GME and Dogecoin showcase how powerful communities and memetic desires are.

Asset management starts with an investment thesis or an idea. The idea can be simple — for example, long an asset — or it can be a complicated lattice of derivative plays. No matter the complexity, the idea will only grow stronger with input, energy, and attention from like-minded peers. In our interconnected world, chances are you are not the only one with that investment thesis.

Thanks to Ethereum & the DeFi (Decentralized Finance) money primitives, coordination, and trust are now possible without intermediaries. Consequently, there is no fundamental reason why investment funds need a single manager. Communities can organize around an investment thesis, make it stronger and collaborate to increase the returns from the idea.

For the People. By the People.

The incident between Wall Street Bets and Robinhood has again brought mainstream awareness to the inherent risks of centralized platforms. If you are not paying to use a proprietary platform, you are the product. Asset Management has to be trustless, permissionless, and community-owned.

A Game of Incentives

However, investing in crypto is not easy. There are so many opportunities out there but few people know how to take advantage.

What if the people that know the opportunities share them and get rewarded?

You can just passively participate in a community. Or you can choose to engage, join the conversation and discuss opportunities. Better yet, you can lead and suggest investment ideas to the community.

In a group or community:

1. Participants are incentivized to find and share the best investment opportunities.
2. Other participants in the same group can endorse or downvote these ideas to ensure that only the best ideas rise to the top.
3. The best ideas will activate the pooled capital. The rewards for good ideas will be shared between the ideators, curators, and investors.

A long tail of assets

The only way to take advantage of this enormous opportunity space is with a community. No single person can keep up with the pace in NFTs, Yield Farming, and liquidity pools all at once. An informed community on a permissionless platform is best positioned to tackle this problem.

A community that will enable investors to access the best opportunities even if individuals don’t have the capital, the know-how, or the time to do it alone.

There are a lot of valid ways to make money in this ecosystem and we welcome them all. You can find a community focused on investing in digital NFTs, join another one that invests based on macro factors, or start a community focused on providing liquidity to stable coin pools on Balancer.

Within Babylon.finance, investors can find both the opportunities and communities that match their time, risk and liquidity preferences.

Every community will be able to choose where to deploy their capital and which protocols to use. We hope to enable visionary investors by providing a rich set of integrations and balanced incentives for both idea generators and passive participants. We see the space as a positive-sum game and it’s also our goal to provide as much liquidity to the ecosystem as we can.

Here are some of the protocols that we are integrating for our launch:

DeFi -> Stronger together.

Call to the Community

Our launch is coming soon. We believe it is really important to be public and transparent about our plans and to engage the community early. The best way to build a network is by sharing our plans and getting feedback.

We want to hear from you. We cannot create this platform alone.

• If you are an **investor **🤑, and you want to participate in the first funds, we want to hear from you.
• If you are a **DeFi expert **🧠, and want to lead a community around your thesis, please contact us.
• If you are **working on a DeFi protocol **🤝, and want to collaborate, let’s chat.

**$BABL Mechanics **

The $BABL token ensures that Babylon.finance is owned by its users. We planto distribute 69% of $BABL tokens to the community, dynamically rewarding stakeholders for investing, generating ideas, curating plays, and managing communities based upon a community’s performance and AUM.

BABL holders will share protocol ownership and vote on proposals through both an on-chain and off-chain governance system. If you are new to Blockchain governance

We have designed the protocol with the goal of self-sustainability and governance-minimization. Coordination is a complex and expensive task. Members need assurances that the protocol is not going to change against their interests. Shareholders may change over time. In order to remain credible, the protocol needs to be resistant to value capture. Babylon.finance has the smallest governance surface area needed to function, also known as “essential governance”.

The $BABL governance token will control the following:

• Treasury Management. The $BABL holders will decide how to allocate the fees collected by the protocol.
• Protocol Fees. Exit and performance fees can be changed through governance.
• Integrations. $BABL holders will be able to add/remove integrations with other DeFi & Ethereum protocols.
• System upgrades. Proposals will be able to upgrade several core components of the protocol like the price oracle or the assets whitelist.

Handing over the

The team will execute towards progressive decentralization. The founding team’s goal is to create a secure and usable protocol that reaches protocol-market fit. The ultimate goal is to remove any dependency from the founding team as soon as it is viable to do so. These are the expected stages of decentralization:

• Development & Launch. Initially, there will be a multi-sig comprised of team members and advisors that will be able to change the protocol parameters and perform rescue functions in case of an emergency.
• A few weeks after launch, we will open off-chain governance through Snapshot. We will extend the multi-sig to more members of the community.
• Before the end of the year, once the protocol is battle-tested and has reached a stable equilibrium, the team will remove the upgradeable contracts and hand over full control of the multi-sig. On-chain governance through GovernorAlpha will be enabled.

$BABL Distribution

As we have mentioned before, Babylon.finance is designed to be owned by the community. The founding team and the seed investors will provide the capital and work required to make the project a reality. Both the team and seed investors have token vesting in place to ensure long-term sustainability. Here are the details:

Token Name: BABL

Token Supply: 1M (1,000,000) *

• 69% for Babylon community members. These tokens will be distributed to community creators, ideators, stewards, and passive members. More details on this will be released in the upcoming weeks.
• 19% Seed Investors, Advisors & Partners. These tokens will be vested linearly over a three-year period with a one-year lock period.
• 10% Team. Founding team members will have a four-year vesting period with a one-year cliff.
• 2% Reserved. For a potential future round.

The majority of the community tokens will be split between different participation mining programs and initial liquidity programs.

These programs will last 10+ years and will decrease slowly over time.

• Note on Inflation: Governance holders will be able to propose an annual inflation rate (capped at 5%) to guarantee the sustainability of the protocol beyond the initial reward supply period. However, inflation cannot start until at least eight years have passed since the protocol launched.

How and Where to Buy Babylon Finance (BABL)?

BABL has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BABL

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since BABL is an altcoin we need to transfer our coins to an exchange that BABL can be traded. Below is a list of exchanges that offers to trade BABL in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase BABL from the exchange.

Exchange: …

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BABL gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information BABL

☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3

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