Cryptocurrency exchange Binance launched its first soul token on the BNB chain on September 8, 2022. It is called Binance Account Bound (BAB). Soulbound tokens are non-transferable NFTs; as such, they are unique and permanent to their owners. Therefore, they are used in applications where proof of identity is important, for example, in the case of a diploma. BAB owners can prove that they are verified users of Binance, because only those who have passed the identity verification process can hit it.

Why should you invest in Binance Bound token? As a BAB holder, you can take part in supporting activities and, in exchange, get paid. Currently, 14 projects will accept the BAB symbol and offer only benefits to holders. These include

ApeSwap Defi Hub will host the said NFT raffle.
ApolloX cryptocurrency exchange will introduce a rewards program. PearDao's decentralized marketplace will distribute GameFi tokens that allow for voting, exclusive NFT coins and high trading volume.
Galxe authentication software will add BAB holders to its database to strengthen protection against sybil attacks. World X Games will offer a special airdrop to access each game.
CyberConnect, a decentralized public mapping protocol, will use the BAB token to prove that a linked social network profile belongs to a real person, not a bot. In addition, the BAB will act as a POAP (proof of acceptance process) for the live program.
Other BAB partners include metaverse platforms Ultiverse and P12, as well as the game-winning Summoner's Arena, NFT art platform Liveart, GameFi platforms Tiny World and Harvest, as well as MathWallet and OpenOcean. You can follow new partnerships on Binance's announcement page.

How to add mint tokens to Binance account? You are eligible for BAB installments if you have completed the verification process. Once received, you can hit BAB directly on the Binance app. Since it serves as a proof of identity, you can only hit one mark.

Other requirements for seeding are connecting to a compatible Binance Smart Chain (BSC) wallet and verifying wallet ownership. Also note that mining requires a gas fee which, at the time of writing, is about 1 BUSD, Binance's stablecoin pegged 1:1 to USD. Binance deducts these gas fees from your wallet during the processing process.
Source: NFTNewsToday.com
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