Soulbound Token
Definition
A non-transferable NFT permanently bound to one wallet address, representing identity or achievements.
Example
Soulbound tokens are used for verifiable credentials in Web3.
Related Terms
Frequently Asked Question
What is a Soulbound Token?
A Soulbound Token is a non-transferable NFT permanently bound to a single wallet address, representing identity, credentials, or achievements. Unlike regular NFTs, Soulbound Tokens cannot be sold or transferred.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.