Binance has introduced a token for account binding, abbreviated as BAB. Minting requires 1 USDT, it cannot be transferred, and has no monetary value, essentially serving as an on-chain ID.

Holding the BAB token allows participation in projects within the BNB Chain ecosystem, such as receiving exclusive airdrops, NFTs, or VIP privileges. Multiple projects have committed to providing special benefits for BAB holders, such as voting rights, in-game rewards, or higher trading limits.

Other uses include DAO voting to enhance fairness; building a Web3 on-chain identity to reduce bot interference; and increasing DApp interaction and activity. If you're interested, you can check it out by clicking on the service widget on the homepage and searching for BABT.