Binance will launch the Binance Account Binding (BAB) token on September 08, 2022 at 17:00 (East 8th District Time).

Users can mint BAB tokens on BNB Chain as identity credentials, and can participate in the construction of multiple projects to get rewards.

Binance Account Bound (BAB) tokens are the identity credentials for users to complete KYC authentication on Binance.

It will be issued on BNB Chain first. Some projects of BNB Chain have introduced BAB tokens as identity credentials to their communities.

When KYC-certified Binance users mint BAB tokens, users will be able to participate in building projects supported on the chain and receive rewards. BNB Chain will announce the details in the announcement.

Go to Binance’s Official Website

BAB Token Features:

Non-transferable:
Users cannot transfer tokens to other users;
Revocable:
Users can revoke BAB tokens;
Uniqueness:
A verified Binance user ID can only mint one BAB token on a chain.

All Binance users who have completed KYC verification will be able to mint BAB tokens.

If you have not downloaded the Binance App, please click here to download it.

Minting BAB tokens requires an on-chain fee, which will be deducted from the user’s funds or spot wallets on Binance. The initial on-chain fee is fixed at 1 BUSD.

Users can revoke their own minted BAB tokens, but there will be a 72-hour lock-up period after that. Users can re-mint BAB tokens after the lock-up period.

BAB tokens will be displayed in the user’s on-chain wallet address.

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