How to Claim Airdrop with Binance Account Bound (BAB) Token?

Binance launched Binance Account Bound (BAB) Token on Sep. 08. (Binance to Launch Binance Account Bound (BAB) Token, the First-Ever Soulbound Token on BNB Chain.) You may wonder how to mint the BAB Token or are curious about what benefits we can get with the BAB Token. In this article, we will get through the procedures about how to mint the Binance Account Bound (BAB) Token and show you the use cases of the BAB token, eg, claim airdrops.

What Is Binance Account Bound (BAB)?

Binance Account Bound (BAB) tokens are the first-ever Soulbound Token (SBT) built on the BNB Chain. BAB token is non-transferable and has no monetary value. It will be a digital verification tool for Binance users who have completed Identity Verification. In another word, it is a "Binance KYC Token", which means it aims to tackle identity verification issues in Web3, serving as a digital verification tool for Binance users who have completed KYC.

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

Binance users who have completed Identity Verification can mint their BAB directly on their wallets. The steps are as follows:

• Step 1: Log in to your Binance App and tap [More] on the homepage. Scroll down to [Gift & Campaign] - [BAB Token].

• Step 2: If you meet all the requirements, then click "Verifi Now".

• Step 3: There are three ways to connect your wallet, if you have the Trust wallet or WalletConnect, you can select these two wallets, otherwise, you may click the Binance Wallet.

• Step 4: Tap [Sign Message] - [Sign] to verify your wallet ownership.

• Step 5: You can now mint your BAB token. Tap [Get BAB Token].

• Step 6: You will see a pop-up with the gas fee for minting your BAB token. Choose to pay from your Spot Wallet or Funding Wallet and choose the payment currency. Tap [Continue].

• Step 7: Your BAB token is minted.

What Can I Do with the Binance Account Bound (BAB) Token?

According to the announcement of Binance, 14 projects across the Binance chain have already pledged to offer users unique use cases that are tied to the BAB tokens. The projects are as follows:

• ApeSwap
• Apollox PearDAO
• Project Galaxy
• X World Games
• Summoner's Arena
• Ultiverse
• Cyberconnect
• P12
• Mathwallet
• Liveart
• OpenOcean
• TinyWorld
• The Harvest

Binance and BNB Chain users will be able to leverage these perks by minting BAB tokens to their wallet address on BNB Chain. Third-party protocols will be able to use BAB tokens to airdrop NFTs, prevent bot activity, and facilitate DAO governance voting, among other use cases. It means you may claim NFT airdrop on the third-party platform with the Binance Account Bound (BAB) token.

How to Claim Free NFT on ApeSwap with Binance Account Bound (BAB) Token?

ApeSwap and Binance BNB Chain have partnered to create a unique, commemorative NFT, free to mint for BAB Token holders for the month of September 2022. So if you have the BAB Token, you can mint a unique NFT on the ApeSwap platform, the steps are as follows:

• Step 1: Visit: https://apeswap.finance/bab-raffle
• Step 2: Connect your wallet to ApeSwap, please noted that the wallet address should be the one that holds the BAB Token. If you mint the BAB token with your Binance Defi Wallet, you can install Binance Wallet for Chrome. Then find the seed phrases on your Binance app and import the account to the Binance Wallet for Chrome. Or you may import to other wallets such as MetaMask.

• Step 3: Click "CLAIM RAFFLE"

• Step 4: Click "Confirm" on the pop-up window of Binance Wallet.

Note: You should have sufficient BNB on your wallet to pay the gas fee.

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