🌟Connection between BNB and SBT

There is a connection between these two tokens (BNB and SBT). Since September 2022, the first non-transferable token on the BNB Chain network was issued by Binance, and it was called Binance Account Bound (BAB). BAB can be created by any user who has undergone identity verification (KYC) on the platform. After that, SBT is linked to the address and serves as a confirming certificate that can be accepted by third-party applications. If the token owner wishes, they can destroy it and reissue it after 72 hours.

🦾Where to use SBT?

SBT is a language of facts, so the areas of its use can be very diverse, ranging from its integration into medicine to employment records.

✅Areas for the use of Soulbound Tokens (SBT):

🧾Education. In this case, SBT serves as a certificate of attendance at a specific educational institution or course. In such a situation, a university can be considered the "soul" that can issue certificates in the form of SBT to other entities connected to it. These SBT, in turn, contain information about the student's performance and certify the successful completion of education.

🩺Healthcare. SBT can function as a blockchain-based medical card containing all the necessary information about its owner, including medical history and contacts with healthcare institutions.

💸Legal and financing. Obtaining credit based on social rating and reputation is no longer a fantasy. This can also be realized through SBT, which will serve as a means of confirming social rating, demonstrating this rating without the possibility of making changes to it.

🗣️Participation in DAOs and communities. SBT tokens can be used as part of the governance mechanism in decentralized organizations of various levels, as well as as a certificate of belonging to a DAO. In addition to the rating that can be voted on within a DAO, SBT can contribute to greater transparency, protecting the decentralized organization system from corruption and Sybil attacks. During such an attack, thieves acquire a majority of control tokens for a specific DAO to increase the voting weight of their wallets.

🎈AirDrops and marketing. SoulBound tokens can help improve the mechanism of AirDrop distribution. AirDrop is a marketing activity within projects that involves distributing rewards to the project's community.