Basic Attention Token (BAT)

As individuals, we spend up to four hours and sometimes more on our phones or computers every day, especially nowadays with the growing market for remote jobs in almost every field. People now spend more and more time at home, no one can escape viewing ads on all social platforms.

The seconds become minutes and then hours which we rack up watching these ads while the ad revenue goes to companies like Google, and Meta.

How would you like to go from being just a mere daily consumer to making money from ad revenue which makes up 70% of global digital advertising revenue?

Basic-Attention-Token

The Basic Attention Token was created to fill this need.

In a world with several cryptocurrencies or crypto tokens, it is vital to identify tokens that stand out. That offers more than average and is reliable. This is where the Basic Attention Token (BAT) comes in.

If you are new to the crypto world, it helps if you understand the following terms:

Cryptocurrency

This is a digital currency created using an encryption algorithm, it is an alternative to the general form of payment that we are used to like cash, cheques, and debit cards. It functions as both a currency and a virtual accounting system.

Token

This represents what you own. It is a tradeable asset or utility that allows the holder to use it for any purpose; economic or for investments.

What is BAT?

BAT is a new token in the crypto world, issued on the 31st of May 2017. It is a digital advertising industry that takes away the middleman and connects content creators directly to the users. It is also a blockchain-based system for tracking users’ consumption time and their attention on different websites. The Brave web browser is used.

BasicAttention Token (BAT) rewards users’ attention to ads, remodels the status quo of the current industry and allocates the bulk of ad revenue and income to content creators who opt to view privacy-preserving ads anonymously.

Basic Attention Token is a moderately great investment as it does not have a high explosion potential according to investors and judging from its price history so far. It provides good returns in the long run and has an undeniably high market cap of over a billion USD. By the end of 2024, BAT is predicted to possibly hit 1.36 USD. As of the time of the publication of this article, 1BAT is worth 0.237USD. Just like other cryptocurrencies, it is not a stable asset as its value also fluctuates.

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Its goal is to expertly distribute revenue or income made from advertisements between advertisers, publishers, and readers of marketing content online, especially ads.

You can buy or sell BAT for fiat currency or other digital currencies. It is an Ethereum token that powers Brave Software’s blockchain-based digital advertising platform.

How Does Bat Work?

First, you should download the brave browser as the usage of this token can only occur on this special browser. Then, you register as an advertiser. You immediately get up to 40 tokens for downloading the browser and 35 tokens for every referral. You immediately begin to earn even before viewing ads.

Since there is no middleman involved like with other tokens, the BAT network guarantees a higher ad fee for content creators and advertisers. Also, users are compensated for visiting the site and paid for every ad that they watch. Imagine making money from the comfort of your home just from watching ads. These are the same ads you watch on other platforms without getting paid while making money for corporate giants.

BAT Token

A fixed supply of 1.5 billion tokens is the total number of BAT tokens ever created, which was sold for 156.250 ETH when it was issued on the 31st of May, 2017 by the ICO of BAT.

Right now, there are 300 million tokens in the user growth pool & 200 million BAT tokens in the development pool. To encourage users, the system rewards each user from the user growth pool. This is done as soon as the brave browser is installed or a referral is made.

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BRAVE Browser

The BRAVE browser was founded by the creator of Javascript and the former CEO of the Mozilla firefox corporation in 2015 for security, and privacy, a special browser,

This is a secure browser that is user-friendly, accessible, and compatible, especially where it concerns BAT, it is your best bet. If you need a private and security-conscious browser.

This private ad network is the first of its kind with a presence in 188 countries and counting and over 2.5 thousand active campaigns since its launch even as they continue to work with other industry big brands to increase its presence, and ensure the continued survival of its users.

Generally, the brave browser is better than other browsers because it provides several security features. This enables users to be able to keep their browsing history exclusive to themselves which in turn gives them additional control over their data.

The Brave software inc. is located at its headquarters in San Francisco, California. As of October 2022, the company claims it has 57.35 million active users, and over 19.92 million daily active users.

Although the company makes its income from advertising and selling subscriptions to its video conferencing, VPN, and firewall products, its users get to keep up to 70% of advertising revenue while the company keeps the remaining 30%. It is a truly private browser that prevents third-party ads, hackers, and trackers. By default, it also upgrades internet security to HTTPS whenever the need arises. As a Brave user, you can earn revenue in the form of BAT by simply opting to view ads.

Brave Verification

To verify your Brave rewards profile, you need to connect it to a custodial account. A Custodial Account is a company that holds your BAT for you, such as Gemini, bitflyer, or Uphold.

After connecting or verifying your brave rewards account with a custodial partner you can now:

  • Withdraw your $BAT from your Brave Rewards balance.
  • Add more $BAT to your Brave Rewards balance.
  • Send tips from your custodial account to creators.

The following countries now have brave rewards uphold verification re-enabled:

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Andorra, Cyprus, Greece, Iceland, Liechtenstein, Luxembourg, Malta, Monaco, Poland, and Switzerland.

After verification, your Brave rewards balance and your BAT balance in your custodial account become the same. So, if you had 100 BAT in your Gemini account prior to verification, afterwards, you will also have 100 BAT in your Brave Rewards profile.

How To Verify Brave Rewards Profile

  • Open your Rewards panel
  • Click on the triangular BAT in your profile.
  • Select which custodial service you would like to use.
  • Log in to your account from the custodial service if you have one(Ensure your account is verified), otherwise, sign up with your selected custodial service.
  • Authorize your Brave browser with your custodial account, afterwards, you would see verified in the top left of the rewards panel.

FAQs On Basic Attention Token (BAT)

What Is Basic Attention Token (Bat)?

Basic Attention Token (BAT) is a block-chain based system hosted on a privacy-centred Brave browser that rewards its users directly with Tokens for viewing ads thus eliminating the need for a middle-man.

Does BAT work on only the brave browser?

Yes, the BAT system can only be used on a Brave browser.

Is the brave browser the best browser?

For privacy, to prevent hacking, and for exclusive browsing history, the Brave browser is one of if not the best browsers to use.

Conclusion

The Basic Attention Token (BAT) platform was developed to make DeFi and crypto available without discrimination to everyone. BAT aims to revolutionize the digital advertising industry. This is for everyone who already views ads or creates content online without getting paid. Download the open-source brave browser which is a privacy-focused browser. Register, and connect your custodial account by following the steps listed above. Select the ads you would like to view, sit back, relax and watch your earnings increase on a geometric scale.

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