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.
Sometimes I feel the CZ guy is just too overzealous. He wants to be everywhere and capitalize on everything. I think it's more top do with too much greed, and it's not healthy in the long run. You can't have everything.
KYC this and proof of identity that.... I still don't get the whole point about the token.
the token is the identity.
It also brings advantages and disadvantages
- reduces multiple accounts or fake accounts participating in projects and people no-longer have to do KYC because the wallet or token has an identity linked to it.
- somewhat deanonymize wallets because they can track the wallets activity and agencies can reach out to Binance to seek out the personal data.