Post
Topic
Board Altcoin Discussion
Topic OP
Binance released its BAB token
by
malcovi2
on 10/09/2022, 02:33:50 UTC
Binance released its own version of Soulbound token, The concept was discussed first by Vitalik Buterin but CZ made the first move to deploy the idea, lets see how far will this go.

What is BAB token?
used as proof of identity for Binance users who have completed KYC verification, on 2022-09-08 at 09:00 (UTC). Users will be able to mint BAB tokens on BNB Chain as identity credentials, and participate in building multiple projects and earn rewards.

Features of the BAB Tokens:
Non-transferable: Users cannot transfer BAB tokens to other users.
Revocable: Users can revoke their BAB tokens.
Unique: One verified Binance user ID allows the user to mint one BAB token only on a certain chain.

additional info here: https://www.binance.com/en/support/announcement/0fe1e7c8781844e29f56cb674231dfd7

How to mint the BAB token:
https://www.binance.com/en/support/faq/bacaf9595b52440ea2b023195ba4a09c