Binance released its BAB token

[Wapfika]

What is the interest if iit s not transferable? What is the real value ? D'ont tell us "it is a new thing in binance and it will be... bla bla" what is the real project and how we can participate on clear basis?

No real value at all and it's about proof of validation if you have been verifying your account to be fully verified with KYC. Im not sure about why binance was launching the token but im sure that if this proves if you have completed the KYC verification.
Binance was thinking about something that didn't even predicted by another exchange site but this token looks so weird.

This is a proof of KYC that records on blockchain. It serves as a voting power on what being build binance or other blockchain because 1 token = 1 real user. This is the only way to filter organic user only that often being abused in crypto by using multiple account. This is not an investment opportunity but rather a new way on countering bot user that often abused votes, giveaways and other things that require user participation. Maybe they will introduce later a reward system for those token holder that participate on building on blockchain.

[mindrust]

Binance released its own version of Soulbound token, The concept was discussed first by Vitalik Buterin but CZ made the first move to deploy the idea, lets see how far will this go.

Sometimes I feel the CZ guy is just too overzealous. He wants to be everywhere and capitalize on everything. I think it's more top do with too much greed, and it's not healthy in the long run. You can't have everything.

KYC this and proof of identity that.... I still don't get the whole point about the token.

It is another surveillance system. They will track down any activity you do. I just read that Huobi banned anonymity coins. Soon you won't be able to lift a finger without verifying your identity first. It is completely against the ideals of a crypto currency imo but that's the way the world is headed right now. As for CZ, he is just a clueless noob which happened to be in the right place at the right time. The token is, like you said is completely pointless. They are trying hard to come up with a new idea but it is just another shitcoin.

[tvplus006]

a new token (bab) that will be issued by binance only to those who made the kyc and will not be transferable? mah in my opinion as useless as it is discriminatory

Yes, this BAB token cannot be transferred to another address. In his announcement, Binance points out: "Once a verified Binance user creates a BAB token, the user will be able to participate in building the supporting projects on the chain and receive rewards. Details will be announced by BNB Chain at a later date" - https://www.binance.com/en/support/announcement/0fe1e7c8781844e29f56cb674231dfd7

[samuraijin]

That's their way of marketing to get income, any means can be done by big exchanges like Binance, so don't be surprised if they release their BAB coins and require an identity to be able to get BAB coins, I don't think this will boost the already popular BNB and BSC they made...

[AnonBitCoiner]

BabT NFT is big NFt for Binance kyc users. Holding this NFt will eligible you many new Airdrop in future. I saw some 2 days ago a free nft which was just  for baby holder's and it's floor Price was 13$ . This is starting trend of this NFt and we may seen very big airdrops in future from Binance and third part.

[bocyaj]

Binance was good platform to inverse your money.When the coin is listed in Binance,surely their will be increase in the price of that coin.Most of the coin listed in the Binance,the price of that coin increase minimum to 10$.Even the price of the coin listed with the value of 0.001$.Binance had good potential to rise in the price of the any potential altcoin.So we can check some minor check and make investments in BAB token to get profit.

[Xal0lex]

I don't think this will be successful in the future, it's too complicated to get tokens, and not to mention using a very sensitive identity, will BaB be able to become big like BNB, BSC??

What's the difficulty? In order to get a token, you need to perform a few simple actions and spend $1 on commission. You haven't seen a really complicated scheme yet, when you need to interact with several smart contracts, blocking some liquidity before that, then you need to take tokens through several bridges, take them out to a certain internal DEX, where you get certain internal tokens and that can be exchanged for a unique NFT. Now this is a truly complex scheme, while getting a BAB token is very, very simple. True, it's not yet clear what good it will do in the future.