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Join us as we take a closer look at how you can utilize and get the best out of Binance Account Bound (BAB) tokens.
Binance Account Bound (BAB) tokens are identity credentials for Binance users who have completed KYC verification. What this means is that developers and project owners can specifically reach out and ensure that there is a KYC-ed individual/entity behind the wallet addresses that you’re intending to engage.
Features of the BAB Tokens:
Check out:
BAB tokens can have any form of utility, some examples are as follows:
Learn more about our first usecases here: https://www.bnbchain.org/en/blog/binance-account-bound-bab-token-holders-set-for-exclusive-usecases-across-bnb-chain-ecosystem/
Depending on the type of project you have, you can incentivize BAB holders to explore and engage with your project by providing interesting and innovative utilities.
Wallets essentially need to be checked for the BAB token in order to receive the BAB utility attached.
You would be able to find more information on the contract address as well as logos for reference in the documentation here: https://developers.binance.com/docs/babt/introduction
Once integrated you may choose to apply for a chance to get listed on DappBay through this form here: https://wkf.ms/3BeXnSz
Disclaimer: BAB Token is a non-fungible token issued by Binance characterized as a soulbound token. Getting a BAB Token is optional for Binance users and Binance's role is limited to issuing (upon request) the BAB Token for users who have completed identity verification procedures for their Binance account, which may vary depending on the user's country of residence.
Third-party projects such as decentralized protocols, decentralized autonomous organizations, or decentralized applications have sole authority and discretion to decide whether or not to integrate BAB Tokens into their ecosystem, the purposes for which they will use it and whether BAB Tokens are suitable for their product or ecosystem, without any involvement of Binance.
Binance is not making any representation to third-party projects about the holders of the BAB Tokens. Use of BAB Tokens by third-party projects in any way should not be construed as a recommendation, vetting, or endorsement of such third-party projects by Binance, BNB Chain, or any other affiliated entity.
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