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BNB Chain: Holders of Soul Binding Token BAB can receive special rewards from 14 projects including ApeSwap
Binance announced today that it has officially launched the soul-bound token BAB at 17:00 on September 8, Beijing time. BAB will serve as the identity proof for users who have completed KYC. Users can mint BAB tokens on the BNB Chain as their identity Credentials, and participate in construction projects and earn rewards. Binance said the tokens are not transferable but can be revoked.
Although the token adopts a concept similar to "soul binding", it does not adopt the same name, but is called "account binding" by Binance, namely BAB (Binance Account Bound).
This BAB only supports users who have completed KYC verification to participate in Mint. Binance uses it as the identity certificate that the user has completed KYC verification, and a single account ID can only mint one BAB token.
The following is the operation tutorial:
1. Open Binance App and log in, click "More" on the homepage.
2. Scroll down to find "Events and Rewards" - "BABT", and click to enter.
3. After entering the BABT page, the necessary steps for Mint will be listed, including KYC, connecting wallet, and signing.
4. Choose the wallet you use and link the wallet. Currently supports MetaMask, Imtoken, TrustWallet, TokenPocket, and Argent five wallets. Take the Trust wallet as an example here.
5. Connect wallet
6. Signature verification ownership.7. After connecting, a payment confirmation will pop up, confirm and pay the gas fee required by Mint. It is worth noting that,This fee is not paid by the wallet, but by the Binance account,
Therefore, you can also use Mint with an empty wallet.
8. Mint is successful, you can further check the TX details in BscScan.
How to check my BAB?
1. After Mint succeeds, you can see the detailed information of your Mint.
2. The user can click "View via BscScan" to view the successful Mint transfer.
We can see that an ERC-721 token named "BABT" has been received in the wallet.
