Review on Basic Attention Token by Huseyn Akberov

Recently, diversity in cryptocurrencies has accelerated. One of them is Basic Attention. BAT coin is the token that powers a new blockchain-based digital advertising platform designed to reward users for their attention while giving advertisers a better return on ad spending. BAT coin rises and falls momentarily. So, what is BAT Coin? (18 March) Basic Attention (BAT) Coin review and graphic

Basic Attention Token today costs ₺5.99, 24-hour trading volume is ₺2,806,863,042. Basic Attention Token has fallen 100 percent in the last 24 hours. Instant CoinMarketCap ranking #69, market value ₺8,929,972,142. Circulating supply 1,490,853,106 BAT coins and maximum supply. supply does not exist.WHAT IS BAT COIN?

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to reward users for their attention while giving advertisers a better return on ad spend.This experience is provided through Brave Browser, where users can watch ads that protect privacy and receive BAT rewards for doing so. On the other hand, advertisers can serve targeted ads to maximize engagement and reduce losses due to ad fraud and abuse.The Basic Attention Icon itself is the reward unit in this ad ecosystem and is exchanged between advertisers, publishers, and users. Advertisers pay for ad campaigns with BAT tokens. While a small portion of this budget is distributed to advertisers, 70% is distributed to users, agents that typically increase advertising costs are removed from the equation to increase cost effectiveness.The Basic Attention Token was launched in 2017 following one of the fastest-selling first coin offerings of all time - ICOs - and the platform raised a total of $35 million in less than a minute. Since then, through the Brave Rewards program, it has delivered the attention-based advertising experience to users in most countries.As of November 2020, the United States, The United Kingdom and Canada had the most active advertising campaigns.Who are the Founders of Basic Attention Token?Basic Attention Token has two founders: Brendan Eich and Brian Bondy - two highly distinguished people in the internet browsing software industry.Brendan Eich is CEO of Brave Software, Inc., the parent company behind the Brave browser and Basic Attention Token. Prior to his tenure at Brave, Eich was the founder and CTO of Mozilla and invented JavaScript in 1995. He also helped launch Mozilla Firefox, one of the most popular web browsers in the world, in 2004.Likewise, Brian Bondy joins as CTO of Brave and Basic Attention Token. Bondy is a highly experienced engineer who previously worked as a senior software engineer at Mozilla, a software developer at Corel Corporation and a software development leader at Khan Academy. Together, Eich and Bondy have over 50 years of software development experience.In total, the Basic Attention Token website lists 16 team members, most of whom have a history of development, engineering or research.What is the Difference between Basic Attention Token?The primary use case for Basic Attention Token is a pay token to run ad campaigns through Brave Ads. As of November 2020, advertisers must spend at least $2,500 a month on advertising to launch their campaigns, but a potentially lower self-service platform is currently on the way.Currently, this advertising budget must be paid entirely with Basic Attention Tokens, which advertisers can obtain from various third-party exchange platforms. Apart from that, Brave receives a small commission, and the rest is distributed to publishers and users.One of the main distinguishing features of the Basic Attention Token and Brave Browser ecosystem is its capacity to reward (tip) users who are not yet part of the network - this includes both websites and individual Twitter users. These users can then securely sign up for the platform to collect the tips they have accumulated.Both Basic Attention Token and Brave Browser have gained significant user intake since their launch. As of October 2020, Brave Browser has a total of 20.5 million active monthly users, while Basic Attention Token is currently held by more than 368,000 unique wallets.How to Secure a Basic Attention Token NetworkThe Basic Network Token (BAT) is an ERC-20 token. Therefore, Ethereum is built on the blockchain. Like any ERC-20 token, BAT is secured by a rigorously tested proof-of-work (POW) consensus algorithm powered by a comprehensive Ethereum miner network.This consensus algorithm ensures that only valid transactions are approved, while the combined operation of the Ethereum mining network ensures that BAT transactions are essentially irreversible after they are approved.How Many Basic Attention Tokens (BAT) Coins Are In Circulation?Basic Attention Token has a maximum supply of 1.5 billion tons. This cannot be increased until a new icon is signed into a smart contract.Almost all of this supply is in circulation. As a result, the Basic Attention Token can be considered almost completely diluted.In its 2017 ICO, a total of 1 billion BAT tokens were sold to investors, while the remaining 200 million tokens were locked in a development pool and 300 million BAT was allocated for the user growth pool (UGP). As of November 2020, both the development pool and UGP pool addresses are almost empty.Where to Buy Basic Attention Token (BAT)?Basic Attention Token can currently be bought and sold on most popular cryptocurrency exchange platforms and currently has excellent liquidity. Binance, Coinbase Pro and Huobi Global are among the most reputable exchanges for BAT trading.

How to Store Basic Attention Token (BAT)?

The Basic Attention Token (BAT) is a digital asset produced in the Ethereum blockchain and can be stored in any wallet that supports ERC20-based Ethereum assets. Bat balances earned by users in exchange for ad impressions are stored in the Brave Rewards account paired with the browser. You must have an uphold account with an online wallet service provider to withdraw your accumulated balance. After transferring your BAT balance to your Uphold wallet, you can transfer it to the built-in Ethereum wallet built into the Brave browser. Web3.0 wallets (Metamask, etc.) or desktop, web, mobile, or online Ethereum wallets can be used as browser plug-ins to store BAT assets. Hardware wallets with Ethereum wallets also support BAT.