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Basic Attention Token Price (BAT/USD)

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About Basic Attention Token (BAT)

Basic Attention Token (BAT) is an Ethereum-based token used to tip content creators and other functionality on the privacy-focused web browser named Brave As BAT is an ERC20 token, it can be stored in several Ethereum wallets. BAT is an innovative utility token that users get as a reward through watching digital advertising using the Brave browser. In return, this gives online advertisers a better ROI on their ads. The Brave browser has almost 10M daily users while over 1 million verified users accept BAT. The upward trend of BAT’s price pushed the market cap to reach $1.02 billion.

BAT gets value as this is used as a unit of exchange and as more users opt for Brave’s browsing experience, more advertisers will join the Basic Attention Token ecosystem to purchase BAT. It has a total supply of $1.5 billion and almost all coins are in circulation. Investors got the 1 billion BAT coins during the 2017 ICO, 200 million went to the development pool while 300 million coins were reserved for the growth pool. The Basic Attention Token has reached a dramatic level of adoption when it comes to active clients, the number of verified creators and on-chain transaction volume.

BAT Breakdown

The Basic Attention Token was created to address issues surrounding digital advertising. This was built on the Ethereum blockchain with the purpose of creating a decentralized ad exchange marketplace to connect users, publishers, advertisers and creators. BAT is the native token used to pay users for watching ads on the Brave browser without any middlemen. Brave is an in-house and open-source web browser that is unified with the BAT ecosystem.

The decentralized nature of the BAT takes the mediators out of the publishing process and permits advertisers to pay publishers straight away — growing the share return publishers receive. BAT has also been integrated into several tipping services, including Vimeo and Reddit. Brave has also launched an encrypted video service called “Brave Together”, an in-browser video conferencing feature to cater to the increased use of video calls. As many people use this technology and companies want to integrate their service to the Brave browser, this means attracting more users that can notably impact the token’s circulation and increase the BAT rate.

BAT Price Prediction

Basic Attention Token History

May 2017 marks the launching of the Basic Attention Token, created by Brave’s software founders Brendan Eich and Brian Body. Brendan is known in the tech world, a co-founder of Mozilla Firefox browser, and helped develop JavaScript, while Brian also helped with Firefox’s development and other well-known software like Khan Academy and Evernote. With such credentials, you can see that there is a bright future in BAT.

The Brave browser was started in 2016 as an innovative digital advertising platform. The following year, the Basic Attention Token (BAT) was launched and had successful ICO sell-outs that took less than one minute to raise $35 million.

In 2019, Brave 1.0 was launched, showing how a powerful browser has a big advantage for both users and companies alike. Brave browser gave way to Brave Shields, Brave ADs and Brave Rewards.

In 2021, Basic Attention Token surpassed the price records. BAT’s price reached the $1.63 ATH (all-time high) on April 9.

BAT Price Factors

Basic Attention Token price is affected by a lot of the standard factors such as program news and developments, market sentiment, the in/outflow on the cryptocurrency exchange and overall economy.

Availability

Basic Attention Token price is directed by the balance of BAT’s supply and demand in the crypto market at any particular time. Since the total supply of tokens is definite at 1.5 billion, an increase in adoption means a rise in the demand, which will lead to more advertisers buying BAT to pay for their ads campaign. This will drive the BAT rate and market cap upward.

Acceptance

Since BAT is created to monetize users while watching ads, this innovation made people drawn to this discovery. BAT is a native token for the Brave browser that helps its ecosystem to thrive. As more and more users and advertisers join the Brave platform, it will cause a growth in trading volume and affect the BAT price too.

Government regulations

The effect of government regulations across the globe can still be limited. Since decentralized exchanges have been getting popular for their advantages and anonymity, government officials are planning into regulating them. There are still no updates on any regulations happening in the future, and so far, the BAT price shows significant strength to endure it as long as users and advertisers continue to use this token.

News in the media

Positive news coverage on the Brave’s ecosystem and its Basic Attention Token can immensely impact its price. This happens on every announcement including partnership and integration that the Brave company relay to their audience. This type of news gets investor’s interest and provides more growth on the Basic Attention Token rate

Trading Basic Attention Token

You’ll need to open an account with an online broker to start trading BAT. There are now a number of brokers that will allow you to buy and sell BAT as compared to its first launched in 2017. You can sign up for an account on the web page of your desired broker. Once completed, you may start funding your account with fiat currency.

Significantly the most famous Basic Attention Token trading pairs are with Tether (USDT) or Bitcoin (BTC). After choosing the market on your broker's platform, you’ll find ample information that can assist you to make a thorough trading decision: the last price, BAT chart, trading volume, order book, market depth, etc.

BAT is also usually traded on its Brave browser among users, advertisers and publishers. The monetizing feature of BAT can possibly convert it to a profitable digital coin in the near future as it strengthens Brave’s ecosystem. As with any trading no matter what the market is, the risk is present and having proper risk management will minimize your loss.

If you are a beginner, crypto signals like the ones we at FX Leaders offer can help you with your trading decisions. Our trade ideas are based on our analysts’ reading of the BAT chart and fundamental analysis. Learning the basics and how to analyze the Basic Attention Token chart will significantly help you in utilizing all the available online information to your advantage.

BAT/USD - FAQs

What is Basic Attention Token?

Basic Attention Token or BAT is an ERC20 token that is an element of Brave, a blockchain-based digital advertising browser. Brave was designed to fairly reward its users with BAT for watching digital ads on its browser. BAT was created to monetize exchanges within its marketplace.

How can I trade Basic Attention Token?

The BAT coin is supported by crypto exchanges globally. Choose a reputable exchange firm with several payment options for your convenience. Convert your fiat funds to buy BAT and start trading.

How can I store Basic Attention Token?

Wallets are essential to store your cryptocurrencies, including BAT, and interact with various platforms and exchanges. You can use Brave’s Uphold wallet to store your BAT earnings. Basic Attention Token can likewise be stored in several types of Ethereum wallets. There are several types of wallets, you may choose between hot or cold storage. Hot wallets are easily connected to the internet either on the desktop, web browser, or mobile. Cold wallets refer to offline storage like a hardware device to store your crypto funds like BAT. This type of wallet is expensive but offers more security.

What can you buy with Basic Attention Token?

You can use it to reward content creators through the direct tips feature in the Brave browser. You may also take advantage of using it to purchase products from the Brave Swag store, in blockchain gaming for events and NFTs (non-fungible tokens). There is also an option to swap BAT for rewards through the TAP network applicable to U.S. users.

Is it legal to buy Basic Attention Token?

BAT is considered legal to buy, sell and hold as you wish. The legality will greatly depend on the exchange that you are going to use, as some of it is prohibited in some countries.

Is Basic Attention Token regulated in the UK?

There is no ban on cryptocurrency in the UK, although there is a regulation that applies to crypto asset businesses. If you wish to buy BAT in the UK, all you have to do is search for a regulated crypto exchange that offers competitive fees and convenient payment options.

What are the risks in trading Basic Attention Token?

The crypto market forecast is very unpredictable. Therefore, you must consider your financial standing and limitations prior to trading BAT. Use a reputable broker and trusted sites to avoid any online attacks or thefts which can help minimize loss.