Basic Attention Token
What is a Basic Attention Token?
The Basic Attention Token went live on May 31, 2017. The project has a very interesting concept, so at the ICO stage (Initial coin offering) raise as much as $35 million in less than one minute.
The minimum price for 1 BAT was $0.07 in 2017, the maximum price for 1 BAT was $1.92 in 2021.
The purpose of creating the Basic Attention Token is very peculiar. Brendan Eich is a famous software developer who made JavaScript and was the creator of Mozilla. He founded Brave Software in 2016 and planned to create a new browser. As planned, this project will be able to solve the current problems of the industry.
This browser and similar programs are powered by the Chromium core. Its code is open and it has separate functionality for tracking protection and ad blocking. Brave takes a slightly different approach by offering to view ads voluntarily. These ads are targeted. In this case, all personal data about the user will be stored only on his device.
Basic Attention Token (BAT) is a utility token created on the Ethereum blockchain.
Its main principles:
- Advertisers buy ad space with BAT token
- Publishers and content creators profit from BAT
- Users receive BAT for taking the time to advertise
Brave Payments was created to serve this process. Here’s what it looks like for content creators:
The user through the Brave software goes to the advertiser’s website and the time spent on the page is translated into BAT for the ad creator. The amount of payouts directly depends on the time and attentiveness of viewing ads. Those who make content receive their reward once a month. Also, users have the opportunity to manually transfer coins to the content creator they like. BAT and Brave browser in theory should change the approach to online advertising.
Mining Basic Attention Token
For BAT mining, the Brave browser is used, which, at the same time, is one of the most important parts of the entire Basic Attention Token project.
How do I purchase a Basic Attention Token?
There are quite a few options for buying cryptocurrencies. For example, Basic Attention Token can be bought through the crypto exchange Leoexchanger. It’s fast, convenient and safe.
Basic Attention Token price dynamics (USD)
As of August 2022, 1 BAT is worth approximately $0.3377. The total market capitalization is $505,922,512.
The price movement chart of Basic Attention coin to usd is shown below:
How to store Basic Attention Token?
BAT cryptocurrency can be stored in an online crypto wallet right in the Brave browser.
It can also be stored on an exchange account like Binance or CoinBase.
More information:
