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.

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.

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