Basic Attention Token BAT

In other words, you can get in on the crypto action in the same app you manage your money. These are just some of the reasons why our customers trust us with all things money. The value of investments is variable and can go down as well as up. To help you reach a final decision on the Basic Attention Token, here is a summary of its pros and cons.

Built on Ethereum blockchain, the Basic Attention Token (BAT) uses a specialised web browser known as ‘Brave’ — a new digital advertising and services platform. Reportedly, the analysts believe the token has potential and will likely reach $3 within the following year. They also mentioned that BAT could hit $3 much sooner if investors deem it to be a quality investment, much like buying Bitcoin (BTC).

BAT is Bringing a New Concept to the Market

By deploying blockchain technology, BAT reduces fraud on behalf of advertisers and enhances the effectiveness of targeted ads. It securely tracks user attention and translates it into rewards for publishers. In addition, BAT ensures privacy by keeping the user’s private data only on the device https://www.tokenexus.com/ that they use the Brave browser on. Once it gets to its maximum supply, no more coins will be issued, so users will have to share the 1.5 billion tokens. Considering that the BAT ads ecosystem is growing in popularity and attracting more users, demand for the tokens is more likely to increase.

Currently, BAT coins in circulation are 1.49B, almost getting to the maximum supply. With the number of users on this browser growing by the day, the number of BAT users is also bound to grow and probably contribute positively to its value. The more the demand for BAT on the Brave browser, https://www.tokenexus.com/what-is-basic-attention-token-and-how-does-it-work/ the higher its price could rise. You rest knowing that your money is safe and that you can access it without too many unnecessary restrictions. The transaction charges are also too low, and you can increase your earnings to cover those charges by simply watching the ads on the platform.

Step 2. Sign up and fund your account

So, what does it mean when we say users get paid BAT for watching adverts? Well, with Brave, the idea is that people can choose to watch adverts. If they do, then they get a small payment in the Basic Attention Token. This determines a user’s contribution as they browse, automatically calculating how much people get at the end of each month based on time spent viewing content.

His co-founder Brian has worked as a senior software engineer at Mozilla and Corel Corporation. In addition to these two, there are about 16 other experienced developers, researchers, and engineers. This depth is an indication of just how this project is going to be big. There are more than four thousand cryptocurrencies, but most are just trial versions of not very established developers.

Use of Ethereum-based Token

Beginning the year at $0.24, BAT had a tremendous surge of 400%, hitting an all-time high of $1.91 in November. The purported goal of this unique blockchain system is to provide users with a platform that has fewer ads according to their interests, along with maintaining their privacy. Those who place ads know that they will get an audience, so they pay for the advertising space on the platform.

There are more than 2,500 launched campaigns since the launch of the platform from over 190 countries. There are lots of reasons why you might want to invest in Basic Attention Token (BAT). Many think that they have to be a savvy investor with lots of capital — but, with some common sense and research, it’s pretty accessible, even for beginners. The Basic Attention Token has been built on Ethereum’s decentralized platform.

For instance, Gov Capital’s BAT price prediction suggests a price of only $0.41 by the end of September, but spike in value in late October and pass the $0.50 mark. The site then suggests there will be a general uptrend to around $0.67 by the end of December. However, like a lot of cryptocurrencies, things started to change for the BAT coin in 2021. A growing coin market benefitted Basic Attention Token, and it shot up in value. Basic Attention Token is based on the Ethereum blockchain network and is used as a utility token.

• During the rally, BAT price broke out of the 200 day EMA and created positive hope for its investors.
• It then dropped to $0.46 on 20 July 2021, before peaking and troughing over the next two months, reaching a high of $0.98 on 5 September and then a low of $0.58 on 28 September.
• Beginning the year at $0.24, BAT had a tremendous surge of 400%, hitting an all-time high of $1.91 in November.
• The web browser was designed to block ads and trackers by default.
• You cannot foretell everything, but at least you can distinguish between a serious project and a scam or pyramid scheme.
• Currency.com is a global cryptocurrency exchange platform that allows you to trade crypto and other assets.
• There are more than four thousand cryptocurrencies, but most are just trial versions of not very established developers.

By the time of launching BAT, Brave browser had already established a massive following and users. If you were to go big and buy like 1000 tokens which would cost you about $230, and the price surpasses its one-year high, you would make some good money in the long run. A loss would not be as much either so that you can include some of these tokens in your portfolio. The project seems promising and has attracted very serious partners.