Binance has officially launched its soulbound token, BAB (Binance Account Bound), on the BNB Chain. If you're a Binance user, you can now mint this non-transferable digital credential directly through the Binance mobile app. This guide walks you through the entire process with clear, step-by-step instructions to help you claim your BAB token seamlessly.
Binance, founded in 2017 by Canadian-Chinese entrepreneur Changpeng Zhao (CZ), has grown into the world’s leading cryptocurrency exchange. With strong adoption across North America, Europe, and Asia, Binance offers a wide range of crypto services including spot trading, futures contracts, leveraged tokens, and Binance Savings. It stands out in the Asian market for supporting Traditional Chinese and offering access to one of the most diverse sets of cryptocurrencies available.
The platform also introduced its native utility token, BNB (Binance Coin), built on blockchain technology to reduce trading fees and power various ecosystem functions. Now, with the introduction of BAB, Binance is expanding its identity infrastructure on-chain.
What Is the BAB Soulbound Token?
According to Binance's official announcement, the BAB token serves as a decentralized identity proof for verified users. Unlike traditional tokens, BAB is not meant for trading or transferring—it’s a digital badge tied to your identity.
Key Features of BAB:
- KYC-Linked Identity Verification: The BAB token acts as an on-chain proof that a user has completed Binance’s KYC (Know Your Customer) verification process.
- On-Chain Participation Credential: Users can mint BAB on BNB Chain and use it to engage with partner projects and earn rewards.
Core Characteristics:
- Non-Transferable: You cannot send or sell your BAB token to another wallet or user.
- Revocable: Binance reserves the right to revoke the token under certain circumstances.
- Unique: Each verified Binance account can mint only one BAB token per supported blockchain (currently BNB Chain).
This innovation aligns with emerging Web3 identity frameworks where reputation and verified status matter more than anonymous participation.
👉 Discover how decentralized identity is shaping the future of Web3—learn more today.
Step-by-Step Guide to Mint Your BAB Token
Before you begin, ensure you meet the following prerequisites:
- You have a verified Binance account
- You’ve completed KYC verification
- You’re using the Binance mobile app (iOS or Android)
- Your wallet is compatible with BNB Smart Chain (formerly BSC)
Step 1: Open the Binance App
Launch the Binance app on your smartphone. Navigate to the homepage and tap "More" at the bottom right corner.
Step 2: Access “Activities & Rewards”
Scroll down and select "Activities & Rewards". Look for BABT (Binance Account Bound Token) in the list of ongoing programs. Tap on it to proceed.
Step 3: Connect Your Wallet
You’ll be prompted to connect a Web3 wallet. Currently supported options include:
- MetaMask
- Trust Wallet
Choose the wallet you regularly use. After selection, confirm the connection when redirected to your wallet interface.
💡 Even if your wallet has zero balance, you can still proceed—this step only verifies ownership.
Step 4: Sign the Authentication Message
Once connected, tap “Sign Message” in the Binance app. This cryptographic signature proves you control the wallet address without exposing private keys.
Open your wallet app and approve the signing request. No gas fee is required at this stage.
Step 5: Mint Your BAB Token
After successful verification, return to the Binance app and click “Get BAB Token” to initiate minting.
A small processing fee of 1 BUSD will be deducted from your Binance spot wallet. Make sure you have sufficient funds before confirming.
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Confirming Your BAB Token Receipt
After payment, the system will display a confirmation message indicating that your transaction is being processed.
To verify receipt:
- Copy your connected wallet address from your Web3 wallet.
- Visit BscScan (note: external links removed per guidelines).
- Paste your address into the search bar.
- Check under the "Token Holdings" section for BAB (Binance Account Bound).
If everything went smoothly, your BAB token should appear shortly—usually within minutes.
Why Does BAB Matter in Web3?
Soulbound tokens represent a shift toward reputation-based ecosystems in decentralized networks. As DeFi, NFTs, and DAOs evolve, proving real identity—without compromising privacy—is becoming critical.
With BAB, Binance enables users to:
- Prove they are real, verified individuals
- Participate in whitelist-only airdrops or early access events
- Build trust across dApps integrated with BNB Chain
- Avoid Sybil attacks (where bots create fake identities)
Projects building on BNB Chain may soon require BAB tokens for participation, unlocking exclusive features or reward tiers.
Frequently Asked Questions (FAQ)
Q1: Is there any cost to mint BAB besides 1 BUSD?
No. The only cost is the 1 BUSD minting fee. There are no hidden charges or subscription fees associated with claiming or holding your BAB token.
Q2: Can I mint multiple BAB tokens?
No. Each verified Binance account can mint only one BAB token on BNB Chain. Attempting to mint again will result in an error.
Q3: What happens if I lose access to my wallet?
Since BAB is linked to both your Binance account and wallet address, losing access means you’ll need to go through recovery steps for your wallet first. However, you can always reconnect a new wallet later via the Binance app and re-mint.
Q4: Is BAB an NFT?
Technically, yes—it exists as a non-fungible token on BNB Chain. But unlike collectible NFTs, it cannot be sold or transferred. Its primary function is identity verification.
Q5: Will BAB work on other blockchains?
Currently, BAB is only available on BNB Chain. Future expansions to other chains may happen depending on ecosystem demand and integration progress.
Q6: Can I get banned for misusing BAB?
While there’s no public policy yet on misuse, since BAB is revocable, Binance could theoretically revoke it if used in violation of terms—such as fraud or impersonation.
Final Thoughts
The launch of BAB marks a significant step in bridging centralized exchange verification with decentralized identity standards. By allowing users to export their KYC status as a soulbound token, Binance empowers individuals to own and control their digital identity in Web3.
Whether you're participating in future airdrops, accessing gated communities, or proving authenticity in DAO governance, having your BAB token could become essential.
Don’t miss out—mint yours today and take control of your on-chain identity.