Binance Account Bound (BAB) tokens are identity credentials for Binance users who completed KYC verification. It will first be issued on the BNB Chain by Binance. A couple of projects on BNB Chain will be introducing the BAB tokens as identity credentials to their communities. Once a verified Binance user creates a BAB token, the user will be able to participate in building the supporting projects on the chain and receive rewards. Details will be announced by BNB Chain at a later date.
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.
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How To Mint Binance BAB Tokens
00:00 Intro
01:41 Binance BAB token minting gas fee
02:55 How to mint the Binance BAB token
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