Hello everyone, it’s been a while, isn’t it?
Here is an update from us as to where we stand and where we are headed.
As many of you know, the team was recently in India to discuss Onchain Money implementation with local businesses and exchanges (specifically CoinDCX). The result and end discussions were positive to adopt Onchain Money and connect India <> UK.
RED Airdrop is Rolling Out
The first batch of the RED airdrop is already in motion! Qualified external BAX holders who were eligible for 37 RED or more have started receiving their allocations. If you were part of this group, check your wallets!
Official RED ERC-20 address: 0x458679f285A429C359355FF29050d4C35992A0dC
For those who hold BAX in self-custody wallets, you’re the first wave. Once that distribution is complete, the next phase will begin — BABB app users will receive their respective allocations. We’ll announce exact dates, numbers, and further details so you have a better overview of this airdrop.
RED Listing Updates & Market Conditions
We know many are anticipating the RED token listing, and we appreciate your patience. Originally planned for late January, we’re pushing it to late Q1 if the market allows it. Timing is key, and we want to ensure the best possible launch conditions.
That said, we’re still moving forward:
- The first exchange to list RED will be BitMart, followed by CoinDCX.
- We’re also in discussions with a tier-1 exchange to list both BAX and RED — hopefully, we’ll have more news on that by EOM.
The Road Ahead
Everything we’re doing now — from finding new talent to optimising RED’s launch — is about building the right foundation to launch ReDeFi and our MVP Onchain Money. Your support and patience mean everything as we push forward.
More updates coming soon. Until then — we keep building.
— The BABB Team 💙
