Binance, the world’s highest-volume cryptocurrency exchange, announced that it will issue the first Soulbound Token (SBT) built on the BNB Smart Chain.
In its August 1 blog post, Binance announced that it is the first to be built on BNB Smart Chain. Soulbound Token (SBT), Binance Account Bound (BAB) to take out ready announced it was. To be introduced as a pilot project of the BAB, KYC will be distributed to users who have completed their Binance mobile only The information that it will be accessible on the application was given.
On the blog, the token will be issued during the SBT issuance process, where users will be entitled to print their own SBT via the Binance mobile app after completing the initial KYC procedures. select the account to connect is expressed.
Binance, SBTs inalienable He also stated that tokens will be There is no financial equivalent. The company is one of the SBTs. like identity that it will serve the users so that the crypto money universe represents more than a financial community a reminding sense of responsibility He said he believes he will improve.
Soulbound token idea, creator of Ethereum (ETH) Vitalik Buterin, E. Glen Weyl and Puja Ohlhaver by January 2022 was introduced in.