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BAT

Basic Attention Token (BAT) Price Index

$ 0.326434 Ƀ 0.00000477
  • MarketCap
    $ 484,781,839
  • Volume
    $ 77,121,487
  • Change
    2.51%
basic-attention-tokenBasic Attention
$ 0.326434
$ 0.326434
2.51%
0,300996
BAT
Basic Attention Token (BAT)
$ 0.326434
BAT
Basic Attention Token (BAT)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 4 min
Updated on Dec 28, 2023

Overview: What is Basic Attention Token (BAT)?

Introduced in 2017, Basic Attention Token (BAT) is a blockchain-based system that disrupts the way online ads are served to audiences. Created by Brendan Eich, the creator of JavaScript and the co-founder of Firefox web browser, BAT powers the Brave ecosystem, a privacy-focused web browser that aims to transform the relationship between users, advertisers, and content creators. BAT rewards users for their attention while simultaneously providing advertisers with a more efficient and effective means of targeting audiences. By incorporating blockchain technology into the digital advertising arena, BAT aims to combat fraud and lack of transparency in the industry. BAT, an ERC-20 token, is used as a unit of exchange in this first-of-its-kind advertising ecosystem, facilitating value transfer between advertisers, publishers, and users of the Brave browser.

What Makes Basic Attention Token Coin Unique?

Basic Attention Token stands out for its innovative approach to digital advertising. Unlike traditional models, the focus is primarily on user privacy and consent. The Browser collects anonymous user data, with the user’s permission, enabling more precise ad targeting and reducing fraud. The user can then choose to block or watch ads. If they agree to be exposed to the ads, they are rewarded with BAT tokens.  This approach not only benefits users and advertisers but also empowers content creators by providing them with a new revenue stream.

 

What is Basic Attention Token(BAT) Used For?

Basic Attention Token is used primarily within the Brave browser. Tokens can be used to tip content creators or access premium content. Advertisers use BAT to pay for advertising space, benefiting from the more efficient and transparent digital ad environment that Brave offers.

 

How does the Basic Attention Token work?

In the Brave ecosystem, BAT functions as a tool for value exchange.

BAT is integrated with the Brave browser, which blocks traditional ads and trackers. The system measures user attention on ads and users who opt to view ads are rewarded with BAT tokens.

Advertisers purchase ad space using BAT, ensuring a transparent and efficient allocation of advertising resources.  BAT tokens are then used within the ecosystem to reward content creators and publishers.

All ecosystem transactions are recorded on the Ethereum blockchain, ensuring transparency and security.

 

How is the Price of Basic Attention Token Determined?

The price of Basic Attention Token, like other cryptocurrencies, is determined by market supply and demand dynamics. Factors such as adoption rates, technological developments, regulatory news, and broader market trends can influence its value. With its unique use case in digital advertising, the BAT price is also affected by its integration with the Brave browser and ongoing successful adoption by users and advertisers.

 

 

What is the Basic Attention Token coin (BAT) price prediction for 2030?

The inherent volatility and unpredictability of the crypto market makes predicting the future price of any cryptocurrency, including Basic Attention Token, a challenge. However, considering its unique value proposition and growing adoption, some analysts remain optimistic about its potential growth by 2030. The integration of BAT into broader digital advertising and the potential expansion of its use cases could positively influence its value. By 2030, the Basic Attention Token is expected to climb to approximately $3.30 USD, a rise of approximately 1,500% from its price in 2020.

 

How Is the Basic Attention Token Network Secured?

As an ERC-20 token, Basic Attention Token leverages the security protocols of the Ethereum blockchain. This includes the robust, highly secure of Ethereum’s consensus mechanism, which guarantees the integrity of all transactions within the BAT ecosystem.

 

Where can you buy Basic Attention Token (BAT)?

Basic Attention Token can be purchased on a wide selection of cryptocurrency exchanges. These include leading platforms like Coinbase, Binance, and Kraken. Users need to create an account on these exchanges, undergo ID verification processes, and then exchange fiat currency or other cryptocurrencies for BAT.

 

How can you store Basic Attention Token?

BAT can be stored in any wallet that supports ERC-20 tokens. This includes hardware wallets such as Ledger or Trezor that provide the greatest security of any wallet type, or software wallets like MetaMask or MyEtherWallet that proioritize ease of access and use.

 

BAT can also be stored in a Brave Wallet, built into the Brave browser. Since no extensions are required, this results in reduced security risk and reliance on extra CPU and memory. A Brave wallet allows you to connect to other wallets and Web3 decentralized apps, and enables you to buy, send, swap and manage all types of cryptocurrencies and other digital assets.

 

Conclusion

Basic Attention Token represents a major innovative step forward for the digital advertising industry. Its focus on user privacy, advertiser efficiency, content creator benefits, and user rewards positions it as a unique player in the cryptocurrency space. While the future of BAT is tied to the success of the Brave browser and broader market dynamics, its current trajectory suggests a potentially promising future.

 

FAQs

Is Basic Attention Token a Good Investment?

Investing in BAT, like any cryptocurrency, carries risk. Its potential as a good investment hinges on the continued adoption and success of the Brave browser and its digital advertising model. You will need to keep a close eye on Basic Attention Token news to assess its success in this regard and track the price trajectory moving forward.

Does Basic Attention Token have a Future?

BAT has potential due to its unique positioning in the digital advertising space and its growing user base. The future of BAT will be influenced by the broader adoption of the Brave browser and developments in digital advertising.

How Can I Earn Basic Attention Token?

You can earn BAT by becoming a Brave browser user and opting into its privacy-respecting ad system.

Is BAT based on Ethereum?

Yes, BAT is an ERC-20 token, which means it is built on and utilizes the Ethereum blockchain.

Who accepts BAT?

Content creators and publishers within the Brave ecosystem accept BAT. In addition, a number of online services and retailers are starting to accept BAT as a form of payment.

What is the maximum supply of BAT token?

The maximum supply of BAT is capped at 1.5 billion tokens, which helps to prevent inflation and maintain scarcity.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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