• Latest
  • Trending
How to Buy Basic Attention Token (BAT)

How to Buy Basic Attention Token (BAT)

October 11, 2021
SVB collapse chilled NFT trading volumes: DappRadar

SVB collapse chilled NFT trading volumes: DappRadar

March 17, 2023
How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

March 16, 2023
XRP Price Analysis for March 16

XRP Price Analysis for March 16

March 16, 2023
DigiDaigaku Dragon Eggs, Little Tinas Fantasy, Khuga by Khuga Labs, Wonky Stonks and more collections added to Kraken NFT

DigiDaigaku Dragon Eggs, Little Tinas Fantasy, Khuga by Khuga Labs, Wonky Stonks and more collections added to Kraken NFT

March 16, 2023
Latest Price Forecast for Top 5 Cryptocurrencies by Crypto Market Capitalization

Latest Price Forecast for Top 5 Cryptocurrencies by Crypto Market Capitalization

March 16, 2023
Is Ether a Security?

Is Ether a Security?

March 16, 2023
The Top 12 Best Long Term Crypto Investments Poised For Massive Gains in the Coming Years

The Top 12 Best Long Term Crypto Investments Poised For Massive Gains in the Coming Years

March 16, 2023
A Secret Bitcoin Bull Signal?

A Secret Bitcoin Bull Signal?

March 16, 2023
Loopring Breaks Channel, What Now?| And More

Loopring Breaks Channel, What Now?| And More

March 16, 2023
  • Privacy Policy
Friday, March 17, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

How to Buy Basic Attention Token (BAT)

J_News by J_News
October 11, 2021
in Crypto, Top News
0
How to Buy Basic Attention Token (BAT)
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


The Basic Attention Token (BAT) is an Ethereum-based cryptocurrency that creates a transparent and decentralized advertising experience while benefiting users, publishers, and advertisers.  Basic Attention Token is digital innovation aiming to revolutionize the $330 billion digital advertising industry by creating a blockchain-based digital advertising exchange that eliminates any chance of fraud.
This article is designed to teach you everything you need to know about the project and how to buy Basic Attention Token. Read on to learn more.

The Reason for BAT

The Basic Attention Token forms part of Brave’s ecosystem of collaborative technologies and is an innovative approach to solving the problems in the digital advertising industry. The creators of BAT see current trends of data privacy violations, the growth of malware infestations, and increased demands on data and battery life as disadvantaging users, publishers, and advertisers alike.

They believe that the Brave Browser that connects publishers, advertisers, and users in a mutually beneficial system solves all problems. As a result, users benefit from heightened privacy, autonomy, ad relevance, and the ability to earn BAT for surfing the internet. Publishers find new sources of revenue, and advertisers get less expensive customer attention based on documented user content preferences and interests. They can also avoid fraud more efficiently.

What Is Basic Attention Token (BAT)

Brendan Eich and Brian Bondy are co-founders of Basic Attention Token (BAT). Their goal was to improve the security, fairness, and efficiency of digital advertising through blockchain technology. Brendan Eich is also the co-founder of Mozilla and Firefox and the creator of JavaScript. Brian Bondy is also a key figure in the development of Khan Academy, Mozilla & Evernote.

The Brave browser is fundamental to BAT and is an open-source, privacy-focused desktop browser that automatically blocks third-party ads and tracking. In 2019, the Brave browser introduced ‘Brave Rewards,’ an opt-in feature that pays users Basic Attention Tokens (BAT) to view advertisements and interact with them.

BAT is the native token of the Brave web browser and is an ERC-20 token that utilizes smart contracts to confirm user attention — allowing advertisers to verify both target audience and user engagement without infringing on privacy.

As of Sept. 23, 2021, there are 36.2 million monthly active users and 12.5 million daily users of the Brave browser.

How Does the Basic Attention Token (BAT) Work

Brave is an open-source privacy-centered browser designed to block all unnecessary ads, trackers,  invasive cookies, and malware by default with Brave Shields. It also anonymously and securely tracks user attention with a built-in ledger system to improve users’ advertising experience. This is done by calculating the amount of time each advertisement is viewable to a user and the number of pixels they can see.

Publishers of digital advertisements are rewarded for user attention with Basic Attention Token. Brave matches content with advertisers that are genuinely relevant, while feedback mechanisms ensure that users receive advertising for the products they are most likely to buy. All of this data is encrypted and stored on the device only, and Brave protects the identities of its users.

Brave also utilizes anonymous user attention data to assist advertisers with targeting and fraud reduction.

BAT is the digital currency linked with attention value, which is calculated based on both incremental duration and pixels in view for any relevant advertising content.

Anyone using the browser can turn on the Brave Ads feature to get paid in Basic Attention Token for their time viewing advertising. They can also turn on the Brave Rewards feature which will automatically divide up their chosen monthly BAT token contribution between the sites they visit according to time spent on each. 

Users can also tip their favorite content creators directly, either through the browser’s reward panel or by clicking the tip button next to the URL bar on sites such as YouTube, Twitter, and Reddit.

How BAT Is Distributed

Basic Attention Token has a total supply of 1.5 billion BAT tokens, almost all of which is currently in circulation. One billion BAT coins were sold to investors in the 2017 ICO. 200 million of the remaining tokens went to a development pool. The final 300 million BAT coins were reserved for a user growth pool to incentivize participation in the BAT ecosystem and reward early adopters.

The Basic Attention Token is a unit of exchange. It can provide an essential source of income for content creators and a means of payment for effective ad campaigns for advertisers.

Users who opt into advertising on the Brave platform receive a small portion of the Basic Attention Tokens distributed for their attention. They can use BAT to sell, tip publishers, purchase Brave premium services, etc.  Advertisers pay BAT to capture users’ attention. Publishers earn the majority of BAT involved in a transaction.

Each month, BAT is transferred directly either to the Brave Wallet or to other Ethereum-compatible wallets. Users receive 70% of the tokens they earn, with the rest split between advertiser and Brave.

“Brave Payments” and the decentralized “Brave-Micropayment ledger” provide additional in-browser functionality for the cryptocurrency. They enable Brave-browser users to directly support content creators with BAT donations by pressing a button on a YouTube video or Tweet. Content creators with a verified Uphold account can convert BAT to fiat and transfer it to their bank accounts.

As more users opt for Brave’s browsing experience, they will need to purchase the Basic Attention Token. This could increase Basic Attention Token price and market cap in the future.

How to Buy Basic Attention Token (BAT)

To purchase the Basic Attention Token, follow the following steps:

  • Open an online account. You will have to create an account and sign up with a broker to buy BAT. Since BAT was launched only in 2017, not all exchanges or brokers will allow you to trade BAT. Ensure to choose a well-known broker to minimize chances of fraud.  It would help if you also verified that the payment methods are secure and safe on the platform. Note that transaction fees vary from broker to broker. 
  • Buy an eWallet (optional). You’ll need to set up a crypto wallet that can store your public and private keys. Your electronic wallet can directly interact with various cryptocurrency exchange platforms and lets you send and receive digital currency. There are several types of digital wallets you can choose from – Desktop wallet, Mobile wallet, Web wallet, Paper wallet, and Hardware wallet.

Make Your Purchase. To buy BAT, you must deposit money into your trading account via wire transfers and/or a credit or debit card. It is crucial to go through the list of available cryptos offered by online brokers before you begin trading. BAT is available on Kraken, CoinStats, Binance, and Coinbase. You should also compare the price and commission fees of BAT on different platforms before you begin trading.

How to Buy Basic Attention Token on CoinStats

Basic Attention Token can currently be traded on CoinStats. The https://coinstats.app/blog/ link is recommended for additional tips on crypto trading.

To buy BAT on CoinStats, all you have to do is create an account and start trading. Credit card payment options are currently available for U.S. users only.

How To Get Basic Attention Token for Free

Basic Attention Token shares 70% of its ad revenues with users. All you have to do is download the Brave browser, enable “Brave Ads” within the browser, and get notified about ads to earn free BAT while surfing the web.

You can also earn BAT by claiming random token grants worth 25-40 BAT. Enable “Brave Rewards” to be eligible for possible token grants. A notification will appear on the Rewards icon when a grant is available.

Follow our step-by-step guide on how to get free BATs below:

Step 1: Download and install the Brave Browser. Brave Ads is currently available on the desktop app.

Step2: Launch the browser and click on the Basic Attention Token logo.

Step 3: Click on Join Rewards.

Step 4: Navigate to brave://rewards// and ensure that Brave Ads is on.

Step 5: You will be presented with offers in the form of notifications. Engage with the notifications, view the ads, and you will earn a 70% revenue share from the viewed ad.

Step 6: At the close of the Brave Rewards monthly cycle, you can claim your accumulated tokens. Soon you will be able to convert BAT to fiat currency through cryptocurrency exchange platforms.

Please note that Brave Ads are geo-restricted to the following countries: U.S., UK, Canada, Germany, and France. More geographies will be available soon.

Conclusion

The Brave Browser has a unique ledger system and shields for measuring user attention.  It also loads pages faster than its competitors by blocking advertising and trackers.

The Basic Attention Token creates a new efficient marketplace, offering excellent opportunities for advertisers to reach valuable customers. It also grants users a share in ad revenue and the ability to tip their favorite content creators directly.

BAT has over 1 million verified content creators registering for BAT rewards.

More than 400 advertisers are part of the Basic Attention Token ecosystem, and the Brave Browser has reached 25.4 million monthly active users and 9.2 million daily active users.



Source link

Related articles

SVB collapse chilled NFT trading volumes: DappRadar

SVB collapse chilled NFT trading volumes: DappRadar

March 17, 2023
How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

March 16, 2023
ShareTweetShareShare
Previous Post

Where to buy Shiba Inu as SHIB continues to rally

Next Post

Crypto Outflows from China to Foreign Exchanges Fell by 40% After Govt. Strengthened Its Policies

Related Posts

SVB collapse chilled NFT trading volumes: DappRadar

SVB collapse chilled NFT trading volumes: DappRadar

by J_News
March 17, 2023
0

Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as...

How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

How Bitcoin Halving Shapes the Future of Cryptocurrency | by DEFIX SOLUTIONS | The Capital Platform | Mar, 2023

by J_News
March 16, 2023
0

Bitcoin halving is a term used to describe the reduction in the rate at which new bitcoins are created. This...

XRP Price Analysis for March 16

XRP Price Analysis for March 16

by J_News
March 16, 2023
0

Bears are not going to give up so easily, according to the CoinMarketCap ranking. XRP/USD The rate of XRP has...

DigiDaigaku Dragon Eggs, Little Tinas Fantasy, Khuga by Khuga Labs, Wonky Stonks and more collections added to Kraken NFT

DigiDaigaku Dragon Eggs, Little Tinas Fantasy, Khuga by Khuga Labs, Wonky Stonks and more collections added to Kraken NFT

by J_News
March 16, 2023
0

We’re thrilled to announce that we have added seven new NFT collections to Kraken NFT for our clients to explore,...

Latest Price Forecast for Top 5 Cryptocurrencies by Crypto Market Capitalization

Latest Price Forecast for Top 5 Cryptocurrencies by Crypto Market Capitalization

by J_News
March 16, 2023
0

Across the past week, the cryptocurrency market has once again begun to fall in volume following the previous week’s upward...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

VIVERSE Partners With ZombieClub to Create New Web 3.0 Metaverse Experiences

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT