Community Update v2.0: Security & Decentralization

Babylons
2 min readSep 9, 2021

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Babylons Governance Tokens ($BABI) started being distributed on 17th August 2021 concurrently with the listing on ApeSwap, initiating a major actor in our vision to be a fully active Decentralized Autonomous Organization (DAO). In line with our genuine business model, the following smart contract ownerships are given to the Gnosis Safe:

Gnosis Safe is the most trusted and viable platform to manage such digital assets with their state-of-the-art multi-signature feature for DAOs and teams.

A pre-defined number of signatures are required to confirm transactions to be executed within the safe which helps prevent unauthorized access to company crypto assets and smart contracts. In our case, 6 signatures are required to authorize transactions, which helps to keep Babylons smart contracts decentralized, safe and secure. All 6 of the signatures are owned by unique crypto wallets, whose ownerships are verifiable with the information given below:

Decentralization Efforts

Babylons adopts Gnosis Safe to improve the decentralization of the project.

The deployment of Gnosis Safe is at

0xf81c93Cb96f05a13c73f7B83Bc5A03A3Dc2f527b.

with following owners/co-signers:

0xb3D7dECDd197D8F8806967D410E00E681Da590B3,

which is added through transaction

0x47bda23be48fe55d53256efb527bb2f36ead186f1b9fffe8a8fc2074d06fb3b8.

0x0A5C08eb32CA68b803607C8607420ec9aD3ECD79,

which is added through transaction

0x9db62f153400a579b106d2b40bec70429c9633eea82af1803f8e2fd9aedf685f.

0xddc4674DEA99446DbE0Dd0a47E2678348dC053ab,

which is added through transaction

0x18235f89e8b592f5ee10641a57ddd9d1eaea0b45f9cdef34d49f484f28af2229.

0xe02aDa81b3f7edd915F8be31bFbC712198C0B82f,

which is added through transaction

0x606464ca7d288ec4aeea18df1b4cc9f65e425d06233ae19a32a72cdb91804235.

0x8ad7E110d37E0033F2A1a1Fd4aC6Ea691b5f352B,

which is added through transaction

0xad856b7a266b733c5d7a1dc96513af9a509504a5d2997602e76d0fdd2cba15e3.

Given first 5 wallet addresses are owned Babylons core team members.

0xc658150DF9b3847e8A65Ad3ee9d2686647d78A18,

The last one is owned by Bitexen Teknoloji Inc. Co. & added through transaction

0x5d997eba08ffa4cbe9d388baf74a47eec3a5f064591cbc52b5205d940a9835e4.

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DISCLAIMER

The Babylons project is in early stages and should not yet be considered as an investment under the concurrent circumstances. This is an experimental project operating in an experimental space due to the fact that the history of NFTs doesn’t go so far back. We hold no liability or responsibility for lost funds. Please only interact with the platform and protocols in case you fully comprehend the risks involved.

OFFICIAL BABYLONS LINKS

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🦊 The Ultimate Web3.0 Solutions Provider | #NFT Platform | Pioneer #Launchpad | Premiere #GameFi Destination | #DAO Governed by #BABI Token 🚀

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