BABYELON is a token inspired by Elon Musk, the tycoon who owns the social network X (formerly Twitter), Neuralink, Starlink, SpaceX and Tesla. The coin's founders are anonymous, but enthusiasts of both the crypto world and the entrepreneur's trajectory.
This is not the first time that one of the richest men in the world has stimulated the digital asset community. Dogecoin is one of Musk's favorites. Every time the token is quoted by it, the market value increases considerably.
BABYELON mission and vision
According to BABYLON's official website, the coin's mission is to expand the possibilities of the world of cryptography. She wants to bring people closer to a financial environment that reaches the entire planet, for everyone to transact with digital assets.
The token's developers want to offer a secure financial transaction platform to establish “new standards of reliability, accessibility and innovation”. The asset has already been listed on some DEX. The system undergoes constant smart contract audits.
The token runs on the Ethereum platform and was recently launched, with pre-sale in January 2024, arriving on the PancakeSwap exchange first. Smart contracts were also published during this period, allowing negotiations to be initiated with the currency.
Development phases
The BABYELON token counted on influencers from the crypto world to further publicize its proposal. The idea is to form partnerships with other memecoins that have a very engaged community. One of the future projects is to create a meme-only NFT marketplace.
Developers are even planning events in digital asset communities to further promote BABYELON. Listing on CEX is on the to-do list for the future of the token, as well as putting it up for sale on larger cryptocurrency markets.
One idea from the coin's creators is to create their own ecosystem, with a specific dApp. Marketing campaigns are quite comprehensive in the blockchain environment, with the aim of making more people aware of the token and interacting with it.
Committed community
On blockchain, memecoin communities are one of the most engaged. In general, members exchange many experiences about cryptocurrencies in general, as well as the pop world, in addition to discussing financial applications.
In addition to DOGE, the best-known memecoins are WIF, PEPE, BONK, FLOKI and SHIB, which was considered one of DOGE's rivals. They are quite speculative. So, it's worth studying them before investing.
Tokenomics
The quantity of BABYELON available on Web3 is 420 quadrillion, of which 255 quadrillion (60.71%) were reserved for pre-sale. For the liquidity pool, 29.42% (123.54 quadrillion) were allocated, while 41.45 quadrillion are blocked.
BABYELON's supply is impressive, but it is similar to that of SHIB, which has almost 590 trillion tokens available today. In any case, it doesn't beat SHIBZ, which has 69 sextillion units.
In the DeFi world, tokens with a large supply tend to have a very low unit value, which attracts the attention of those just starting out. It is easy to buy a significant amount with just a few reais, dollars or other digital assets.
Learn more about cryptocurrencies
BABYELON is a novelty in the crypto world and another investment option. To stay up to date with blockchains and digital assets, follow the NovaDAX blog. Take the opportunity to invest in cryptocurrencies on the exchange and diversify your applications!
