Binance launched the Binance Account Bound ($BAB) token, a soul-bound token used as proof of identity for Binance users who have completed KYC verification, on 2022-09-08 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. The token is reportedly non-transferable and revocable. One verified Binance user ID allows the user to mint one $BAB token only on a certain chain.
