Happy October! Halloween month is officially here! Investing in crypto doesn’t have to be scary, which is why we have added a new asset, Basic Attention Token (BAT). You may not have heard of BAT until now, which is why we are going to cover everything you need to know about it! At Bitcoin of America, our customers can now turn their BAT into cash.
What is BAT?
BAT is known to make Crypto and DeFi accessible and useable for everyone. The Basic Attention token uses the Ethereum blockchain and a special web browser. Brave is the name of this special web browser. Customers care able to use their Basic Attention token as a currency on Brave. They can even acquire advertising services. The Basic Attention token was made to be swapped between the user, publishers, and advertisers. You can think of it as a new way for advertising business to operate in a growing digital space.
Since launching, the Basic Attention token ecosystem has expanded at a rapid pace. To date, there are 57.4 million monthly active users, 19.3 million daily users, 10.6 million BAT wallets, and 3.89 million on-chain transactions. There is around 2 million creators that range from Youtube to Twitter. As of October 5th 2022, the price of BAT is $0.3. The market cap is at $452.52M, the total supply is 1.5B, and their are 451.37K holders.
The Basic Attention token Continued
The Basic Attention Token ecosystem focuses on the users, the creators, and the advertisers. According to their website, users are actually able to earn for their attention. Users are able to maintain privacy as well while, then earn the token for viewing ads. They even offer Brave rewards. The creators are able to earn money for making amazing content. Both publishers and creators are able to earn ad revenue and user contributions. They can even earn tips. Creators are able to join their verified creator network. Lastly, advertisers are able to earn a “better” return. One of the advantages of Brave is that their anonymous accounting lets the advertisers know how their ads are performing without creating privacy issues.
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