Binance launched its soulbound token BAB on the BNB Chain

Chain Catcher news, Binance officially launched Binance Account Bound tokens (BAB) at 17:00 (UTC) on September 8, Beijing time. As a soulbound token, it serves as proof of identity for Binance users who have completed KYC verification. Users will be able to mint BAB tokens on the BNB Chain as identity credentials and participate in building multiple projects to earn rewards.

It is reported that the token is non-transferable but can be revoked, and a single Binance user ID can only mint one BAB Token on a specific chain. (Source link)