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What about Basic Attention Token?
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Basic Attention Token (BAT) Overview
There are thousands of digital assets on the crypto market, but only a few of them are true top-performers. Along with Bitcoin and Ethereum, there is another player that is attracting everyone’s attention. BAT. Basic Attention Token is the utility token created on the Ethereum blockchain and designed to incentivize users of the Brave Browser who choose to watch privacy preserving adverts.
Basic Attention Token (BAT) is an Ethereum-based utility token utilized as a medium of exchange between advertisers, publishers, and users within a blockchain-powered digital advertising and services platform. BAT has been integrated into the Solana blockchain, allowing users to leverage it as an SPL token within the Solana ecosystem.
The current price of Basic Attention Tokens is available on the interactive chart above. Access the latest BAT-USD price, the asset’s current market capitalization (market cap), recent price change, 24-hour trading volume, and other valuable indicators to get a clear picture how Basic Attention Token (BAT) is performing on the cryptocurrency market.
On our cryptocurrency exchange platform, you can easily and immediately trade BAT coins for any other digital assets, such as Binance Coin, with a profitable exchange rate. If you consider Basic Attention Tokens a good investment, you can buy BAT (Basic Attention Token) with fiat currency on our platform, with little to no effort too.
What Is the Brave Browser?
Why are innovations like the Brave browser important? The matter is that a user gets under immediate surveillance every time they try to access the Internet. Nearly every website uses special software to identify you and keep track of your every movement on the web.
The Brave browser aims to stop this snooping activity by blocking ad trackers and data-grabbing malware. Therefore, Brave allows you to surf the worldwide web freely, anonymously, and with faster content loading. The official Basic Attention Token website claims that the Brave browser consumes up to 35% fewer battery resources compared to competitors.
The browser features the Binance widget, letting users access the Binance com and Binance US websites to buy, sell crypto assets, review digital asset balances, and obtain deposit addresses, all within the browser.
Brave Browser, Brave Search, and all their incredible features are created by Brave Software Inc, an independent company that is not owned by any other tech giant. Brave stands against the privacy violations committed by Big Tech and strives to protect real people, not faceless corporations.
One unique aspect of Brave is that it is open source. It is built on the open-source Chromium Web core, and the client code is released under the Mozilla Public License 2.0.
When compared to Chrome, Brave truly excels with its speed. In fact, the Brave Browser is 3 times faster than Google Chrome. By default, Brave blocks privacy-invading ads and trackers, resulting in faster webpage loading times. This not only saves you time and battery life but also ensures a safer online experience.
Best part? Brave is completely free to use. You can download the Brave browser on your desktop, Android, or iOS devices and start enjoying its benefits without any cost.
Brave Search is also accessible for free at search brave com, allowing you to use it as your default search engine.
If you're looking for more advanced features, Brave offers subscription-based options such as Brave Talk Premium and Brave Firewall + VPN. These additional features enhance your browsing experience and provide even greater privacy and security.
What Are Brave Rewards?
Brave Rewards is a totally optional program, an element of the Brave browser. It gives you the possibility to view first-party, privacy-protecting ads while you explore the internet through the Brave browser, and these advertisements come from the Brave Private Ads network. If you view these ads, you earn BAT coins.
Brave Rewards are available on all desktop devices (Linux, macOS, and Windows), and on Android smartphones. As for iOS mobile devices, Brave Rewards can only be used to support creators due to Apple's restrictions. Apple does not allow apps to incorporate their own cryptocurrency or reward systems, so the program of Brave Rewards is limited to supporting creators by tipping them with fiat currency.
What is the Basic Attention Token?
Once you download the browser, you will be invited to join the Brave Rewards program that is based on the Basic Attention Token BAT. It is a token meant to transform digital advertising by rewarding users’ attention and perking up content creators and privacy-promoting ad publishers.
The primary use case for the Basic Attention Token (BAT) is a payment medium for running advertising campaigns through the Brave Ads feature. Advertisers are required to commit to a minimum ad spend of $2,500 per month in BAT to launch their campaign. However, a self-serve platform with potentially lower limits is in development.
If a user chooses to view ads as they browse the Internet, they earn BAT coins. Users are able to pay publishers for services with the BAT crypto or use BAT tokens to support content creators via BAT tips or monthly donations.
View the live BAT price on the chart above. Buy crypto like Basic Attention Token instantly and securely through our platform.
How Does BAT Work?
When you join the Brave Rewards program, your browser automatically starts counting (in your device's local storage only) the attention you pay to the sites you visit. It means, the browser begins learning your browsing preferences, so as to offer you more relevant ads.
Once a month, Brave Rewards will send a certain portion of BAT tokens from your local browser wallet to the sites you have visited, based on the user attention to those sites. You can remove sites you don't want to support and pay the content authors directly.
Content creators can then convert the earned BAT tokens into the currency of their choice.
However, not only content creators can earn the Basic Attention Token cryptocurrency, but ordinary Brave users, too. The browser features Brave Ads, which incentivize you with a certain amount of Basic Attention Tokens every time you choose to view an ad. Brave Ads are shown separately from your web content at a convenient time and guarantee total confidentiality and anonymity of your personal data.
The company intends to issue only 1.5 billion BAT tokens as a total supply, of which 1 billion will be in circulation. This will prevent inflation and ensure steady growth of the BAT price. That way, it makes sense to buy Basic Attention Token today while its cost is fairly low to catch the train.
The current market cap of the Basic Attention Token exceeds $390M. A high market cap suggests that the digital asset is highly valued by traders and investors.
When Was Basic Attention Token Launched?
The project started in 2015 with the aim of creating a web browser that prioritizes user privacy, security, and a better browsing experience. The foundation team of Brave, a blockchain based digital advertising platform, consists of Brendan Eich (CEO), Brian Bondy (CTO), and Yan Zhu (Chief Security Officer), who are highly experienced in the internet browsing software industry.
The team's innovative approach includes blocking unnecessary ads and trackers, providing faster browsing speeds, and introducing a privacy-preserving advertising model that rewards users for their attention while respecting their privacy. The Brave web browser has grown in popularity and continues to push the boundaries of what a search engine can do to enhance the online experience for users.
The BAT price history is available on the chart above, including the lowest price and the highest price paid for the digital asset. Our Brave crypto price chart is updated regularly, so you have a clear view of how the average price of the BAT cryptocurrency changes.
What is the BAT ICO?
The Basic Attention Token (BAT) Initial Coin Offering (ICO) took place in May 2017. Brave Software, the company behind the BAT project conducted it. The ICO raised approximately $35 million in less than 30 seconds.
During the ICO, 1 billion BAT tokens were created, with 200 million allocated to the ICO participants. Brave Software retained the majority of the tokens, with 300 million for user growth and adoption, 200 million for the development team, and 100 million for the Brave browser development pool.
The remaining tokens were allocated to the user growth pool, which is used to incentivize users and content creators. Over time, these tokens are distributed to users who opt into the BAT ecosystem and engage with digital advertising.
What Are Use Cases of the Brave Crypto?
BAT, Basic Attention Token, the official cryptocurrency of the Brave browser, offers several practical uses. For instance, you can incorporate BAT to purchase gift cards from TAP Network, a trusted partner of the Brave project.
Furthermore, BAT holds value within various Web3 applications (decentralized applications or dApps), allowing you to make in-app purchases. This feature expands your possibilities and enhances your overall attention based advertising experience.
Another valuable aspect of the BAT crypto is its ability to support websites and creators you admire. Through Brave Rewards, you have the option to contribute directly to your favorite websites or creators either on-demand or by enabling automatic contributions managed by Brave itself.
BAT can be exchanged for a diverse range of currencies, both traditional fiat currencies and other cryptocurrencies. This flexibility enables you to convert BAT into your preferred form of currency, enhancing its utility and value.
To check Basic Attention Token's price live in the fiat currency of your choice, you can use our converter tool at the top of this page.
What is The Difference between the Brave Wallet and Brave Rewards?
The Brave Wallet is a Web3 wallet that enables users to buy, store, send, and swap various cryptocurrencies and NFTs. It allows you to manage your entire crypto portfolio, connect to other wallets and Web3 dApps. It offers self-custody, meaning you have sole control over your assets.
Brave Rewards is a program that lets you earn BAT based on your time, or “attention,” spent on viewing Brave Ads. To participate in Brave Rewards, you need to connect a custodial account from one of Brave's partners, such as Uphold, Gemini, or bitFlyer.
Currently, there is no direct connection between Brave Wallet and Brave Rewards. To move your earned BAT from Brave Rewards to your Brave Wallet, you can withdraw the BAT from your Uphold, Gemini, or BitFlyer account and send it to your Brave Wallet address.
What Is the Current Basic Attention Token Price?
Changelly offers an interactive Basic Attention Token price chart that shows the latest-data market statistics of the BAT cryptocurrency. Our BAT price chart allows users to track and analyze the historical and current market trends of the BAT coin.
By displaying real-time BAT USD price data, 24-hour trading volume, current market capitalization (market cap), recent price change, current circulating supply, and other relevant parameters, users can make well-informed decisions regarding their Brave crypto investments.
Apart from viewing the comprehensive BAT price statistics, you can also read our Basic Attention Token price prediction. It is based on fundamental and technical analysis and suggests a potential growth of the crypto asset in the near future, driven by increased attention toward privacy-focused web search.
However, our BAT price prediction is not guaranteed because the cryptocurrency market is highly volatile, and the BATs price may fluctuate dramatically. Be cautious every time you decide to buy, sell, or trade BAT coins or other digital assets. Follow Basic Attention Token news to stay updated on the latest developments in the digital advertising industry and make informed investment decisions.
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