Binance recently launched its Binance Account Bond (BAB) token. The token can be used to identify users of BNB who have completed KYC verification. The official launch of BAB BAB is announced on Twitter.
Furthermore, this new version will let users use this to prove their identity, create various projects, and earn rewards through the platform. In the wake of BAB’s announcement BAB declaration, BNB’s price has risen by 6 per cent in less than 24 hours. This makes BNB one of the most sought-after cryptocurrencies in the market.
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Binance Coin overtakes 1 billion in trading volume
As per CoinMarketCap, Binance Coin’s price has risen by 2.04 per cent. It is trading at $295.28 at press time. In addition, the number of transactions has also increased by over one billion as a result of the most recent upgrades.
The Market Value Represented Value (MVRV) Ratio has also increased and will continue to rise in the coming days.
“BAB token holds no data or utility other than to signify that the wallet holder has passed KYC checks through Binance.” Changpeng Zhao, the chief executive officer of Binance, has stated in a tweet.
BNB The token that is the mainstay that Binance uses has been through a rapid growth rate since it was first introduced. It is mostly used to avail reduced or no-cost trading fees and sign up for the Binance Launchpad.