Binance is launching the Binance Account Bound ($BAB) token, a Soulbound Token used as proof of identity for Binance users who have completed KYC verification by 2022-09-08 at 09:00 (UTC), who will be able to mint $BAB tokens on the BNB Chain as identity credentials and participate in building multiple projects and earn rewards. Details will be announced by BNB Chain at a later date.
Binance Account Bound (BAB) tokens are the first-ever Soulbound Token (SBT) built on the BNB Chain. $BAB token is non-transferable and has no monetary value. It will function as digital identity credentials for Binance users who have completed KYC verification. What this means is that developers and project owners can specifically reach out and ensure that there is a KYC-ed individual/entity behind the wallet addresses that you’re intending to engage.
Requirements to earn free crypto coins
Native blockchain
Step-by-Step Guide ''How to Mint Binance Account Bound (BAB) Token''
- Have a verified Binance account.
- Log in to your Binance App.
- Follow the steps outlined by the Binance Guide to Mint your $BAB token.
▪️ $BAB will function on BNB Chain as an identity credential and allows participation in building multiple projects and earning rewards. Details will be announced by BNB Chain at a later date.
▪️ BNB Chain users can learn about "Liquid Staking on BNB Chain" and earn serious rewards along the way! The reward pool is $250,000 worth of tokens. Successful users will receive tokens as shown in the Prize-Pool Table. The campaign ends on September 29, 2022 (12:00 PM UTC).
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: Investors should take the time to research any given product before they invest their funds (DYOR).
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