There are two different tokens named "BAB" on the Binance platform:
# Binance Account Bound Token (BAB)
- Purpose: Represents a digital identity for identification on the platform, designed specifically for online identification purposes.
- Characteristics:
- Non-transferable
- Has no monetary value
- Can be revoked by Binance if necessary
- Issued to Binance users who have completed identity verification (KYC)
- Obtaining it: Binance users who have completed identity verification can obtain it through the Binance app
# Bauble Token (BAB)
- Purpose: Not clearly defined, but can be used as a project token or community token
- Characteristics:
- Tradable
- Has market value
- It is traded
It should be noted that both tokens have the same name "BAB", but they serve different purposes, so the token address should be verified to ensure dealing with the correct token.