Basic Attention Token review details (BAT)



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Basic Attention Token (BAT) launched in 2017 on the Ethereum blockchain. Its ICO was able to raise about $35 million in less than a minute, and today, the coin is mostly used in the USA, Canada, and the United Kingdom. As its name suggests, the coin is meant to reward users for their attention on the internet. This way, it is able to give advertisers a better return on investment.
BATUSDT (-1.39%)
$0.4157
August 18, 2022, 2:00 pm [UTC]

9.17 rating

›› Buy/Sell the Basic Attention Token here

 

Basic Attention Token is a utility token that is built on top of the Ethereum blockchain, but also works on Matic, One, Avalanche and Energi blockchain. BAT coin is used on the Brave browser, a privacy-focused competitor of Google and Mozilla. It is quite popular among advertisers, content creators, and regular internet users as it ensures that advertising resources are distributed fairly. Advertisers can be certain that their funds are going towards the growth of their brand, and content consumers can get paid for viewing ads and consuming content. At the same time, content creators receive payments for holding the attention of internet users.

 

Briefly about Basic Attention Token

This cryptocurrency was created by Brendan Eich and Brian Bondy, both of who have a lot of experience in the browsing software industry. The goal of this cryptocurrency is to fairly and efficiently distribute advertising money among publishers, advertisers, and consumers of online marketing content. The token is used on the Brave browser and works on the Ethereum blockchain.

Basic Attention Token Aims to Make Crypto and DeFi accessible and useable for everyone.CryptoLists.com
 

This token tracks the amount of time consumers spend on the Brave browser, an open-source and privacy-protecting web browser that blocks ads and trackers by default. Using Brave Payments, users can support their favourite publishers and content creators. The system automatically calculates the users contribution as they browse, and it is able to determine the distribution at the end of every month. Users who opt into this program will naturally get a unidirectional and in-browser BAT wallet that will hold their payments. Users can also opt into BAT Ads, a program that allows them to receive a share of the revenue obtained from advertising. With this program, users can receive 70% of the ad revenue for viewing ads in private slots.

 

Utility of Basic Attention Token?

This token is used to compensate users for watching ads, and in this way, users can get paid for their attention. At the same time, you will be able to maintain your privacy. The token is also used to pay content creators for making great content. These payments are derived from ads, user contributions, and tips. Advertisers will also enjoy better returns as the anonymous accounting lets them know the effectiveness of their ads.

Basic Attention Token Price details

ERC20 Contract address: 0x0d8775f648430679a709e98d2b0cb6250d2887ef




Very speculative and theoretical potential data
Last updated: August 18, 2022, 1:59 pm
›› BAT tokenomics and social media
 

Advantages at Basic Attention Token

+ It allows brands to get better value for their money.
+ BAT is available on a wide range of crypto exchanges.
+ Many major companies participate in the ecosystem.
+ Basic Attention Token is backed by an experienced team.
 

Disadvantages

- Brave browser has to compete with Google and Mozilla.
- You cannot mine Basic Attention Token.
- Advertisers may have a challenge converting users into customers.
- There are potential ways of gaming the system.
 

Costs

▪ Rated at 9/10

The transfer fee will vary depending on the blockchain you use. On Ethereum, you will have to pay a fee of about $20, and if you choose to use Solana, the fee will go down to about $0.00025. It is worth noting that Solana has some of the lowest transfer fees in the entire blockchain sector.

 

Reputation and Buzz

▪ Reputation rated at 10/10
▪ Buzz rated at 9/10

Basic Attention Token and the Brave browser have achieved a lot of user uptake since BAT was launched. Today, the browser has more than 20 million active monthly users, and the token is held by more than 368,000 unique wallets. Since the coin has a fairly large market cap, lots of people are confident that it has excellent long-term prospects. The coin has attracted a lot of attention in the crypto community and has more than 260,000 followers on Twitter. It also has a fairly active community on Reddit.

 

FAQ

Who is the founder of this cryptocurrency?

The BAT ecosystem was developed by Brendan Eich and Brian Bondy. Brendan serves as the CEO of Brave Software, and he was also the founder and CTO of Mozilla. He also invented Javascript in 1995. Brian worked at Mozilla, Corel Corporation, and Khan Academy.

Can I trade this DeFi coin?

Yes, you can buy and sell this altcoin on various crypto exchanges, including Kraken, Binance Exchange, Bithumb, Coinbase Pro, and Huobi Global. You will usually need to trade it against more established cryptocurrencies like Bitcoin and USDT.

What is the supply of this altcoin?

The total supply of this cryptocurrency is 1.5 billion coins, and almost all these coins are currently in circulation. In its 2017 ICO, a total of 1 billion tokens were sold to investors. The other 500 million tokens were placed in the development pool and user growth pool.

Which wallets can I use to store BAT coin?

As an ERC-20 token, this cryptocurrency can be stored in any wallet that is compatible with ETH. Some of the best crypto wallets for this token include Ledger Nano S, Atomic, Trust, Trezor, My Ether Wallet, and MetaMask.

What is Brave?

This is a privacy-focused browser that is integral to the functioning of BAT. It allows content consumers and creators to get paid fairly for their contribution to the browser. At the same time, Brave allows advertisers to get more value for their money.

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Screenshots from Basic Attention Token

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More sites where to buy/sell/trade Basic Attention Token

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
BAT, BAT/EUR, BAT/CHSB, BAT/USD
 

Basic Attention Token details and tokenomics

Basic Attention Token Ticker: BAT
ERC20 Contract address: 0x0d8775f648430679a709e98d2b0cb6250d2887ef
MATIC Contract address: 0x3cef98bb43d732e2f285ee605a8158cde967d219
AVAX Contract address: 0x3cef98bb43d732e2f285ee605a8158cde967d219
Type of crypto: ethereum-token
Launch/ICO Date: May 31, 2017
Resources & Social media
Blockchain URL: https://etherscan.io
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