Price
$0.0047
11/30/2022, 8:25:01 AM
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Market

Market stats

Market cap

-

Volume (24h)

$25,172.28

Circulating supply

-

All time high

$0.79

Price change (1h)

+0.67%

Price change (24h)

-1.63%

Price change (7d)

-17.89%

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Babylons is on the decline this week.

The price of Babylons has fallen by 17.89% in the past 7 days. The price declined by 1.63% in the last 24 hours. In just the past hour, the price grew by 0.67%. The current price is $0.0047 per BABI. Babylons is 99.41% below the all time high of $0.79.

The current circulating supply is 0 BABI.

About

What is Babylons (BABI)?

Babylons is a community-driven NFT marketplace on the Binance Smart Chain for gaming enthusiasts and art communities. Babylons is a place for creators, investors, users, and collectors. Users can create, participate, collect and earn on the platform. As per the whitepaper, the platform stands out with some unique offerings for the users like low-cost minting, weekly rewards, and a Decentralized Autonomous Organization (DAO) governance model that puts the control to manage the platform in the hands of the community. Minting is the process of creating new coins using the Proof of Stake consensus algorithm.

Furthermore, the Babylons platform aims to solve two main problems in the crypto sphere. Firstly, by being deployed on the Binance Smart Chain rather than Ethereum, as most platforms do, the project saves its users from the high transaction fees on the Ethereum blockchain. Secondly, the project is designed with an aim to give back to the community by supporting the creators and artists and rewarding them in two unique ways.

  • Volume-based reward mechanism for the active users – The token holders are rewarded according to their share in the total weekly volume. BABI is the native token of the Babylons platform.

  • Weekly buyback and burn system – The Babylons team ensures to reward the active users who contribute by promoting liquidity on the platform by staking their tokens. Staking rewards are 30 percent. The platform also employs a buyback and burn system to strengthen the value of BABI tokens. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

Users can do multiple things on the platform like they can create their NFTs, highlight their digital goods, get and collect others’ NFTs, sell their own NFTs for profit. Additionally, users can also earn rewards for holding BABI tokens. And can utilize governance rights and vote using the DAO mechanism. One of the unique offerings of Babylons is the royalty system. Users can set a certain percentage as a royalty for secondary sales to always get their share from the added value.

BABI is a governance token and gives the token holders the right to vote on the major decisions of the platform.

History of Babylons (BABI)

Furkan is the CEO of the Babylons project. The maximum supply of BABI tokens is 195,000,000 tokens.

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FAQ

What is the current price of Babylons?

The price of 1 Babylons currently costs $0.0047.

What is the market cap of Babylons?

The current market cap of Babylons is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Babylons?

The all-time high of Babylons is $0.79. This all-time high is highest price paid for Babylons since it was launched.

What is the 24 hour trading volume of Babylons?

Over the last 24 hours, the trading volume of Babylons is $25.17K.

What other assets are similar to Babylons?

Assets that have a similar market cap to Babylons include Euler Finance, Ryoma, Upper Pound, and many others. To see a full list, see our comparable market cap assets.

How many Babylons are there?

The current circulating supply of Babylons is 0.