Babylon - The Prophets Are Coming
A Protocol named after the book “The Richest Man in Babylon” - Babylon is a community-led asset management protocol built on the Ethereum network which enables users to invest in DeFi together. It is non-custodial, transparent, permission-less, and governed by the community.
Anyone is allowed to create an investment community called a "Garden". Users can then participate in the Garden by depositing capital. Members of the Garden can suggest and vote on Investment Strategies. They will receive rewards based on their contributions.
Babylon has a two-layer governance system:
- $BABL - Governance Token that holders use to vote on changes to the protocol and also determine how the treasury is managed
- Garden Tokens - Can only be obtained by depositing funds in a Garden. It is proof of the member's ownership in the specific garden
‼‼ Special NFT Event happening from November 15th -19th.
Prophets are a limited collection of 10,000 unique randomly generated NFTs that come with $BABL tokens.
Currently only the first 9,000 Prophets will be sold:
- 8,000 Common - Comes with 5 $BABL tokens each
- 1,000 Great - Comes with 6 to 1,000 $BABL tokens each & has special "boosting" powers
100% of the proceeds will go to the treasury. This will enable the protocol to bootstrap a liquidity pool on a DEX. Auction participation priority for Common Prophets will be given to SUSHI/xSUSHI holders. Successful purchasers of Prophets will be granted immediate access to Babylon's private beta with higher mining rewards. Get ready for an explosive auction!
Full AMA Summary found here.