Airdrop for BABB & ReDeFi Supporters
Most of you who attended our latest Town Hall, (btw you can watch the recap here) are already aware of the 1st airdrop we’re planning. With that being said, we want to give you the full scoop as to why we are doing an airdrop and how you can participate.
So please, keep reading. 👇
What is RED?
First of all; What is RED and why would you want to participate in this airdrop?
RED will be the native utility token of the ReDeFi L2 blockchain, a network solution designed to scale our Layer-1 with a unique private feature appealing to our main target audience: banks, FIs, businesses, CEXs and so on. As the core token of the L2, RED will have several functionalities within the network, like staking nodes (becoming a validator once the network is open), or being a nominator (any holder can delegate RED to a validator’s set, since running a validator requires a lot of resources and experience) and earn rewards while securing the network. You can read the full RED tokenomics here to understand this better.
But wait, there’s more…
We’re currently running a limited-time private sale for $RED tokens, available on a first-come, first-served basis. This is your chance to get in on the ground floor and secure your $RED at a discounted rate before the pre-sale or public sale even begins.
Don’t miss out on this exclusive opportunity — click on the image below to get directed to the detailed article for participation.
👇 Click on image👇
Why an Airdrop?
This is one of our ways of saying THANK YOU to every community member who supported us through good and hard times. Airdrops in general require a lot of grinding, bridging assets, making swaps, or participating in testnet environments that take time and effort from a user perspective.
While of course, all these initiatives are respectable (as we will have more airdrops in the future with different criteria), are not user-friendly by any means. So for the 1st airdrop, we wanted something simple for all our loyal supporters.
Eligibility Criteria
To participate in the 1st airdrop is quite simple, but please read carefully:
- Users need to hold BAX in either the BABB app OR a self-custody wallet that supports ERC-20 (like Metamask, Trust Wallet, Ledger etc) OR BAX in ReDeFi L1 (more on this TBA). If you have any questions regarding eligibility criteria, reach out to us via our Discord or Telegram channels.
- The snapshot date/time will be random to avoid any kind of manipulation.
There are also multipliers in place for you to consider, depending on where you decide to hold BAX:
- Self-custody wallets: x1
- BABB App: x1.5
- ReDeFi L1: x2
If you haven’t downloaded the BABB app, you can do so here:
⚠️ PLEASE READ: Important Note
We will not post or send any links or emails regarding this airdrop. This will be done AUTOMATICALLY through the aforementioned snapshot.
NEVER click anything, even if it seems to be from our team. Stay safe!
And if you haven’t joined our channels yet, don’t miss this chance to be a part of the TRUE Future of Finance community. 👇
All Official Links:
Risk Disclaimer:
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
