{"id":64166,"date":"2022-09-08T18:28:08","date_gmt":"2022-09-08T11:28:08","guid":{"rendered":"https:\/\/wikibinance.com\/?p=64166"},"modified":"2022-10-07T14:56:07","modified_gmt":"2022-10-07T07:56:07","slug":"binance-account-bound-bab","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/binance-account-bound-bab.html","title":{"rendered":"Binance launches the\u00a0Binance Account Bound (BAB)\u00a0token"},"content":{"rendered":"<div class=\"css-vkkztj\"><span class=\"css-6hm6tl\"><a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-exchange.html\">Binance<\/a> is launching the\u00a0<strong class=\"css-1lohbqv\">Binance Account Bound (BAB)\u00a0<\/strong>token, a\u00a0<\/span><a href=\"https:\/\/ecoinomic.io\/en\/knowledge\/terms\/soulbound-token-sbt-the-soul-of-a-decentralized-society.html\" target=\"_blank\" rel=\"noopener\"><span class=\"css-1f5vusx\">soulbound token<\/span><\/a><span class=\"css-6hm6tl\">\u00a0used as proof of identity for Binance users who have\u00a0<\/span><span class=\"css-1f5vusx\">completed<a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/kyc-identity-verification-2.html\"> KYC<\/a> verification<\/span><span class=\"css-6hm6tl\">, on\u00a0<strong class=\"css-1lohbqv\">2022-09-08 at 09:00 (UTC)<\/strong>. Users will be able to mint BAB tokens on BNB Chain as identity credentials, and participate in building multiple projects and earn rewards.<\/span><\/div>\n<h2 class=\"css-3oriw4\"><span class=\"css-6hm6tl\"><strong class=\"css-1lohbqv\">About BAB tokens<\/strong><\/span><\/h2>\n<div class=\"css-vkkztj\"><span class=\"css-6hm6tl\">Binance Account Bound (BAB) tokens are identity credentials for Binance users who completed KYC verification. It will first be issued on the <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/add-bsc-to-metamask.html\">BNB Chain<\/a> by Binance. A couple of projects on <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/bsc-binance-chain-bnb-chain.html\">BNB Chain<\/a> 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.\u00a0<\/span><\/div>\n<div class=\"css-vkkztj\"><em>&gt;&gt;&gt; Related: <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-sign-up.html\">Guide to register Binance account update 2022<\/a><\/em><\/div>\n<figure id=\"attachment_64115\" aria-describedby=\"caption-attachment-64115\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-64115 \" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874.jpg\" alt=\"Binance launches Binance Account Bound (BAB) token\" width=\"750\" height=\"407\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874.jpg 1592w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-300x163.jpg 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-1024x556.jpg 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-768x417.jpg 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-1536x834.jpg 1536w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-750x407.jpg 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/Binance-launches-Binance-Account-Bound-BAB-token-e1662635953874-1140x619.jpg 1140w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-64115\" class=\"wp-caption-text\">Binance launches Binance Account Bound (BAB) token<\/figcaption><\/figure>\n<h2 class=\"css-3oriw4\"><span class=\"css-6hm6tl\"><strong class=\"css-1lohbqv\">Features of the BAB tokens<\/strong><\/span><\/h2>\n<ul class=\"css-19iug37\">\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">Non-transferable: Users cannot transfer BAB tokens to other users.<\/span><\/li>\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">Revocable: Users can revoke their BAB tokens.<\/span><\/li>\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">Unique: One verified Binance user ID allows the user to mint one BAB token only on a certain chain.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_64149\" aria-describedby=\"caption-attachment-64149\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-64149\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1.png\" alt=\"BAB is a\u00a0soul-bound token\u00a0for Binance users who have\u00a0completed KYC verification\" width=\"750\" height=\"422\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1.png 1600w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-300x169.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-1024x576.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-768x432.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-1536x864.png 1536w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-750x422.png 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/09\/BAB-is-a-soul-bound-token-for-Binance-users-who-have-completed-KYC-verification-1-1140x641.png 1140w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption id=\"caption-attachment-64149\" class=\"wp-caption-text\">BAB is a\u00a0soul-bound token\u00a0for Binance users who have\u00a0completed KYC verification<\/figcaption><\/figure>\n<h2 class=\"css-vkkztj\"><span class=\"css-6hm6tl\"><strong class=\"css-1lohbqv\">Note<\/strong><\/span><\/h2>\n<ul class=\"css-19iug37\">\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">All Binance users who have\u00a0<\/span><span class=\"css-1f5vusx\">completed <a href=\"https:\/\/wikibinance.com\/en\/knowledge\/kyc-identity-verification.html\">KYC<\/a> verification<\/span><span class=\"css-6hm6tl\">\u00a0will be able to mint their unique BAB tokens.<\/span><\/li>\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">Gas fee applies whilst minting BAB tokens, which will be deducted from the user&#8217;s Funding or Spot Wallet on Binance. The initial gas fee is fixed at 1 BUSD.<\/span><\/li>\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">Users may revoke their minted BAB tokens, after which there will be a 72-hour lock period. Users may mint new BAB tokens after the lock period.<\/span><\/li>\n<li class=\"css-usuhj8\"><span class=\"css-6hm6tl\">BAB tokens will be displayed on users\u2019 on-chain wallet addresses.<\/span><\/li>\n<\/ul>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;64166&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance is launching the\u00a0Binance Account Bound (BAB)\u00a0token, a\u00a0soulbound token\u00a0used as proof of identity for Binance users who have\u00a0completed KYC verification, on\u00a02022-09-08 at 09:00 (UTC). Users will be able to mint BAB tokens on BNB Chain as identity credentials, and participate in building multiple projects and earn rewards. About BAB tokens Binance Account Bound (BAB) tokens [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":64119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[392],"tags":[4272,1457,4271,1564],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64166"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=64166"}],"version-history":[{"count":3,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64166\/revisions"}],"predecessor-version":[{"id":65656,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64166\/revisions\/65656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/64119"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=64166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=64166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=64166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}