Tomo Wallet Introduces 50K Bitcoin Staking Rewards Campaign with Babylon
Los Angeles, California, December 9th, 2024, Chainwire
Tomo Wallet, a multi-chain wallet available on Telegram, iOS, Android, and Chrome, has joined forces with Babylon Bitcoin staking protocol to launch a Bitcoin staking incentivized campaign. The initiative rewards participants who stake Bitcoin through either platform with exclusive prizes to celebrate advancements in the Bitcoin ecosystem. Amid Bitcoin’s recent price surge and institutional adoption through spot ETFs, Babylon brings staking capabilities to Bitcoin holders. Tomo Wallet users can access these staking features directly through the app, offering rewards through this integration.
Campaign Details
Starting December 10, 2024 at around 11 AM UTC (block 874088), Bitcoin holders can stake a minimum of 0.005 BTC through the Tomo Wallet app (iOS, Android) or the Babylon staking portal. The campaign will run for approximately one week (1,000 BTC blocks), with participants eligible to receive rewards on a first-come, first-served basis.
Early participants can receive one of 300 limited-edition surprise box rewards drawn from a 50,000 prize pool. These rewards are designed to incentivize Bitcoin staking while advancing the integration of Bitcoin in DeFi.
How to Participate
Users can participate through two methods: by accessing the ‘Earn’ section within the Tomo Wallet app to stake BTC via the mobile or desktop interface, or by using the Babylon Bitcoin staking portal, where they can connect their Tomo Wallet and stake BTC through the dedicated platform. To participate, each participant is required to fill out this registration form and provide their BTC address and staking method.
Both options offer a secure and user-friendly experience for Bitcoin holders looking to participate in the campaign. Participants can get Babylon points through either platform, with additional Tomo points available for those using the Tomo Wallet app.
For a step-by-step guide on how to stake Bitcoin, users can see the tutorial at https://medium.com/tomoinc/how-to-participate-in-the-tomo-wallet-bitcoin-staking-incentivized-campaign-complete-guide-bf91d61d59b8
The campaign launches amid growing interest in Bitcoin staking solutions as the asset continues to see increased institutional adoption and reaches new market highs. Through this integration with Babylon, one of the leading Bitcoin staking protocols known for its robust security infrastructure and innovative approach to Bitcoin staking, Bitcoin holders can now access staking features while maintaining custody of their assets. This setup also provides the opportunity to earn rewards from a substantial prize pool.
Disclaimer: Users cannot participate in these wallet campaigns if they’re from a restricted jurisdiction. Users may refer to Babylon’s terms of Use for more information.
About Tomo Wallet
Tomo Wallet is a multichain crypto wallet that unifies crypto management across Telegram, iOS, Android, and Google Chrome. The platform supports trading on EVM networks, Bitcoin, Solana, TON, and more through an easy-to-use interface. Users can track real-time token analytics, execute one-click swaps, monitor their portfolios, gift tokens, and secure their assets with social recovery options. Tomo Wallet wants to make crypto management easy for both newcomers and experienced traders.
Users can learn more about the campaign through: Community, X (formerly Twitter), iOS app, Android app, Website, Blog
About Babylon:
Babylon is a project that designs Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to participate and gain value without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility. Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.
Website: Babylon Labs
Blog: Babylon Labs Blog
X (formerly Twitter): babylonlabs_io
Discord: Babylon