Let's deep dive into SBTs: :arrow_down:

Soulbound Tokens (SBTs) are digital identity tokens that represent the traits, features, and achievements that make up a person or entity.
This could include medical records, work history, and any type of information that makes up a person or entity.
Players cannot sell or transfer soulbound items.
Today, most NFTs are ownership certificates for digital art or collectibles, such as Bored Ape Yacht Club.
Health records – Switching doctors or healthcare providers could be accelerated using an SBT that holds a person’s medical records.
Besides creating a reputation-based voting system, SBTs may potentially improve the integrity of DAO voting — namely, defending against Sybil attacks — one of the biggest threats to the current DAO governance model.

Source - https://academy.binance.com/en/articles/what-are-soulbound-tokens-sbt?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

$Qtoken #Qoneqt #QTO #Oboswap #soulbound #Token #NFTs #DeFi #dApps #Ethereum #Binance #Polygon #cryptocurrency #CryptocurrencyNews