Basic Attention Token (BAT) Price Prediction: Bulls or Bears To $1?
- 3 years ago
What is Basic Attention Token (BAT)?
BAT is the native token of Brave web browser which is built on the Ethereum blockchain. Created by co-founder of Mozilla & Firefox, Brendan Eich, in 2017 it is a blockchain-based system built to attract the media consumer’s attention using Brave web browser.
The token is in use for mediating payments between advertisers and content creators who lend space on their webpage for the ads. Also, to users who view the ads. Thus, Brave acts as a blockchain-based advertising platform powered by the BAT token.
Built on Ethereum, BAT is an ERC-20 token and allows the creation and transfer of smart contracts for irreversible payments happening over the network. It works on a PoW consensus like most cryptocurrencies now. Also, you can mine these tokens. Currently, the token is capped at a total supply of 1.5 billion.
The network’s first ICO was held in 2017, and it set off to be the most popular sale that happened. The coin offering climaxed with a sale of nearly One billion BAT tokens to investors across the world. The remaining 500 million tokens were locked for User growth and development in pools. However, as 2020 ended, these reserves turned nil.
The BAT can be used as a means of exchange between users, advertisers, publishers, etc, which is specialized to obtain several other advertising services. The main objective of this blockchain system is to provide the users with a platform with fewer ads according to their interest by maintaining their privacy. Also, it improves cost efficiency to advertisers and gets rid of intermediates, keeping every ad popping on the browser safe and transparent.
If you are interested in buying and starting trading Basic Attention tokens outside the network, look out for exchanges that list the tokens. According to Coinmarketcap some of the most popular exchanges are Binance, Clinbase Pro and Huobi Global.
Fundamental Analysis
With conventional internet experience, moving to a website to read an article or blog, the server takes some time to fetch the data. However, if ads have collaborated, then they must be fetched too! This will eat up an extra amount of data.
#BAT #battoken #batcrypto
BAT is the native token of Brave web browser which is built on the Ethereum blockchain. Created by co-founder of Mozilla & Firefox, Brendan Eich, in 2017 it is a blockchain-based system built to attract the media consumer’s attention using Brave web browser.
The token is in use for mediating payments between advertisers and content creators who lend space on their webpage for the ads. Also, to users who view the ads. Thus, Brave acts as a blockchain-based advertising platform powered by the BAT token.
Built on Ethereum, BAT is an ERC-20 token and allows the creation and transfer of smart contracts for irreversible payments happening over the network. It works on a PoW consensus like most cryptocurrencies now. Also, you can mine these tokens. Currently, the token is capped at a total supply of 1.5 billion.
The network’s first ICO was held in 2017, and it set off to be the most popular sale that happened. The coin offering climaxed with a sale of nearly One billion BAT tokens to investors across the world. The remaining 500 million tokens were locked for User growth and development in pools. However, as 2020 ended, these reserves turned nil.
The BAT can be used as a means of exchange between users, advertisers, publishers, etc, which is specialized to obtain several other advertising services. The main objective of this blockchain system is to provide the users with a platform with fewer ads according to their interest by maintaining their privacy. Also, it improves cost efficiency to advertisers and gets rid of intermediates, keeping every ad popping on the browser safe and transparent.
If you are interested in buying and starting trading Basic Attention tokens outside the network, look out for exchanges that list the tokens. According to Coinmarketcap some of the most popular exchanges are Binance, Clinbase Pro and Huobi Global.
Fundamental Analysis
With conventional internet experience, moving to a website to read an article or blog, the server takes some time to fetch the data. However, if ads have collaborated, then they must be fetched too! This will eat up an extra amount of data.
#BAT #battoken #batcrypto