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The Binance Account Bound (BAB) token, a Soulbound Token (SBT) for Binance users, has no monetary value and is not tradable or transferable. It serves as a digital verification tool for users who have completed Identity Verification on Binance. BAB tokens are non-transferable, revocable, and cannot be moved from one address to another.
Here's a breakdown:
Non-Transferable: BAB tokens cannot be sent to other wallets or users.
Non-Tradable: They have no market price and cannot be bought or sold.
Digital Verification Tool: BAB tokens act as a proof of verified identity on Binance.
Revocable: If a user loses access to their wallet, they can revoke the token and mint a new one after 72 hours.
Unique to User: Each user can only have one BAB token associated with their Binance account and on a specific blockchain.
Binance Account Bound Token

Binance

An Overview of Binance Account Bound (BAB) - Pontem Network
Binance Account Bound (BAB) token is non-transferable and has no monetary value. It will function as a digital verification tool for Binance users who have comp...
Pontem Network
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Binance
Basecoin Price Today | BAB to USD Live Price, Market Cap & Chart
Digital Verification Tool: BAB tokens act as a proof of verified identity on Binance.
Revocable: If a user loses access to their wallet, they can revoke the token and mint a new one after 72 hours
