Post
Topic
Board Altcoin Discussion
Re: Soulbound tokens or simply SBT cannot be transferable and sellable?? then how?
by
Ivartheragnarson
on 07/03/2023, 13:09:31 UTC
Could be a fake "soul-bound" NFT, the creator/owner of that NFT must have been just riding the hype about this new concept of token Vitalik was talking about on his blog.
 
Binance has its own soul-bound token, Account Bound (BAB) Token and in order to get it, you will need to pass their KYC Verification. So, in theory, you can't transfer it, only you own it. Bound to your "soul".

Souce: https://www.binance.com/en/support/announcement/binance-to-launch-binance-account-bound-bab-token-the-first-ever-soulbound-token-on-bnb-chain-0fe1e7c8781844e29f56cb674231dfd7
"Could" is a wrong word when they are absolutely fake. Soul bound tokens by definition can't be traded in markets. And it's not only in theory that you can't transfer it. it's by design trading it would go against the whole concept. This is equivalent of someone selling tokens called house, and people would be asking that surely those are not real houses you can walk in.
yes, i also ask the same thing. if they are actually soulbound tokens as they promise, why they are transferable and sellable??