Babylon

During Phase 1, you'll need to lock your BTC, for which you'll earn points:

Total limit for Phase 1: 1000 BTC

Minimum stake amount: 0.005 BTC (around $300)

Maximum stake amount: 0.05 BTC (around $3000)

Withdrawal will be possible within 7 days.

Download a BTC wallet if you don't have one Fund your wallet with the planned amount (min 0.005, max 0.05 BTC) + add extra BTC for gas fees, around $60-$100. There will be a lot of demand, so be prepared to spend a few dozen dollars on gas. 

You will need two wallets installed to use the Babylon Testnet.

• Keplr — This will connect you to the Babylon appchain where you will secure staking rewards
• OKX Wallet — this will connect you to Signet, the Bitcoin test network, that runs parallel to the Bitcoin main chain.

Secure some testnet bitcoin.

• Visit the official testnet Bitcoin network faucet at https://signetfaucet.com and enter your Bitcoin Signet address from your OKX wallet. You can only request a maximum of 0.01 test Bitcoin, once daily.