WHAT IS BAB TOKEN (BABT)?
BABT (Binance Account Bound Token) is a special type of token, used to verify the Binance Account in Web3 Wallet.
The BABT proves that this wallet verified and linked to a real Binance account.
BASIC PURPOSE:
The main purpose of BABT is to verify user identity or participation in certain activities without giving away personal info. They act as a digital credential, sometimes called soul-bound tokens (SBTs).
KEY FEATURES:
*Identity-bound: Linked to a verified Binance account.
*Non-transferable: It cannot buy, sell, trade, transfer or exchange with other user.
HOW BABT WORKS:
1. User Verification
*You perform KYC on Binance.
*Binance verifies your identity.
*Binance charge 1 USDT as minting fee for minting (creation) of BABT.
2. Human Verification:
*Issuance of BABT confirms that the user is real human and it is not a BOT in web3 world.
*Binance Ecosystem Activities:
*Proof of membership for certain Binance ecosystem activities.
*For example, it can use for staking, airdrops, governance, or rewards in partner platforms that require verified accounts.
4. Token Issuance
*Once verified, Binance issues a BABT token to your wallet.
*This token is non-transferable, meaning it cannot sent to other users.
5. Integration with Web3 Platforms
*Some platforms like OpenOcean, PancakeSwap, or certain DeFi projects can check your BABT to allow exclusive participation (like staking, claiming rewards, or beta testing).
6. Proof of Eligibility
*BABT acts like a digital badge, proving your account has verified without sharing sensitive data.
HOW CAN THE USER GET BABT:
Step 1: Have a Verified Binance Account
*BABT is only be issued to verified users, so your Binance account must have completed KYC (identity verification).
#To check KYC:
*Log in to Binance.
*Go to Profile → Identification.
*Make sure your status shows Verified.
Step 2: Claim or Receive BABT In Binance:
*Binance sometimes issues BABT automatically after verification for eligible users.
*If it’s a special program, you may need to claim it via minting;
*Go to the Main Page of Binance.
*Scroll down the page, Marketplace page will appear
*Popular-BABT Token-Minting-Pay 1 USDT as fee -Check in Web3 Wallet (NFT’s)
Step 3: General process on a partner platform:
*Go to the platform that supports BABT (e.g., OpenOcean).
*Connect your wallet.
*The platform will detect your Binance verification (via BABT).
*If eligible, BABT will appear in your wallet through an automatically linked.
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