About

Babylon is a community-led asset management protocol that enables users to create investment clubs, called Gardens, and invest in DeFi together.

It’s built on the Ethereum network. It is non-custodial, transparent, permission-less, and governed by the community.

History

In late 2020, Ramon ideated Babylon through his desire to share opportunities in crypto with friends and family. This crowdsourced approach of Crypto investment clubs enables collective wisdom to help outperform individuals.

To ensure Babylon acts in the best interests of its users it uses a DAO model utilising the BABL token to enable community voting. The community controls the treasury and essential protocol elements such as the fees charged. To promote durable community support the BABL mining program (50% of the total supply) will be dispersed over 10 years.

Babylon went through seed financing in February 2021 attracting reputable investors such as Semantic Ventures. The latest financing round in November 2021 was a NFT IDO launch of "The Prophets" collection, which also provided Babylon ecosystem perks. Public launch is expected for the end of March 2022.