How to Mint Binance Account Bound (BAB) Token

What is Binance Account Bound (BAB)
First issued on the BNB Chain by Binance, Binance Account Bound (BAB) tokens are identity credentials for Binance users who completed KYC verification. Once a verified Binance user creates a BAB token, the user will be able to participate in building the supporting projects on the chain and receive rewards.

Soulbound tokens are a new type of tokenized credential, identity, or affiliation. SBT’s are non-transferable and non-financialized. Ethereum creator, Vitalik Buterin first introduced the idea along with E. Glen Weyl and Puja Ohlhaver, earlier this year.
For more information, please refer to soulbound tokens

How to mint Binance Account Bound (BAB) tokens on Binance?

What can I do with my BAB token
I imagine you’re wondering exactly what these incentives might entail. Let’s get right into it. With a mix of GameFi, Metaverse and Social platforms a part of this initiative, there is a lot for users to look forward to:

While, ApeSwap will create a claimable NFT that represents a raffle exclusively for BAB holders, Apollox will provide BAB holders a privileged reward program.

BAB holders will receive PearDAO’s GameFi tokens. This would provide BAB holders special voting rights to enhance DAO governance and dispute handling in the PearDAO ecosystem, among other benefits such as minting Pear's own NFT and gaining greater incentives and higher trading limits.

BAB token holders will be added to Project Galaxy’s credential database as a mechanism against Sybil Attacks. Meanwhile, these BAB token holder credentials will be published on an individual's Galaxy ID to indicate that they have completed the KYC verification process on Binance.

Gaming ecosystem, X World Games will incorporate BAB token with all existing and future games. BAB token-holders who completed KYC will receive a one-time airdrop prize upon first login to each game. Depending on the game or mode, BAB token holders will additionally get VIP perks.

Metaverse platform, Ultiverse will exempt BAB holders from KYC and grant daily bonus points in Terminus City, among other unique benefits like minting SBT tokens, voting rights, and more.

Decentralized social graph protocol, Cyberconnect will display BAB on a user's profile to signify a real user (not bots) and access to proof of attendance for Link3, a new feature to streamline online event creation.

Metaverse platform, P12’s benefits will include admission ticket to all BNB Chain and P12, P12 x BAB Exclusive OAT, premium user access, and token airdrops.

Furthermore, Play-to-earn protocol, Summoner's Arena, multichain wallet, Mathwallet, NFT marketplace, Liveart, DeFi protocol, OpenOcean, blockchain gaming protocol, TinyWorld, and GameFi platform, The Harvest will have exclusive community and membership benefits for Binance BAB token holders.

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