{"id":20589,"date":"2019-12-08T11:00:24","date_gmt":"2019-12-08T10:00:24","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=20589"},"modified":"2023-03-28T15:56:05","modified_gmt":"2023-03-28T15:56:05","slug":"basic-attention-token-bat","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/basic-attention-token-bat\/","title":{"rendered":"Basic Attention Token [BAT], What is this cryptocurrency and how does it work?"},"content":{"rendered":"

Basic Attention Token<\/strong> is a cryptocurrency<\/a><\/strong> created in accordance with the ERC-20 standard, which operates in the Ethereum<\/a> blockchain<\/strong>. The token is a key element of the advertising platform integrated in the Brave web browser. <\/strong><\/p>\n

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On May 31, 2017, the BAT ICO was held, all tokens sold out in less than a minute, which makes it one of the fastest fundraising in history.<\/p>\n

Only 130 people were able to participate in the ICO. One of the participants invested around 5 million dollars in the project and between 5 people accumulated more than 50% of the tokens.<\/p>\n

The developers put into circulation a billion and a half tokens. In the future, new currencies will not be issued. One billion tokens were sold in the ICO. The rest will be used to reward developers and attract new users.<\/p>\n

What is Basic Attention Token [BAT]?<\/strong><\/h2>\n

\"basic<\/p>\n

The Basic Attention Token<\/a> [BAT]<\/strong> token was created by Brendan Eich to comprehensively solve the current problems of the advertising industry.<\/p>\n

Brendan Eich in addition to CEO of Brave<\/strong> <\/a>is the inventor of the JavaScript programming language.<\/p>\n

Brendan has developed a system in which statistics of user actions based on a new algorithm are generated.<\/p>\n

Thanks to these statistics, the Brave browser receives accurate information that allows advertisers to offer their products or services only to users with a real interest in them.<\/p>\n

Advertisers will use BAT currencies to pay for the exchange of advertising messages with those who use the Brave browser and, at the same time, is the target audience of a particular ad.<\/p>\n

How to get BAT tokens?<\/strong><\/h2>\n

As we have mentioned before, all BAT Tokens are divided between the sale of the ICO and the foundation’s reserve to keep the project alive, so it is not possible to undermine them.<\/p>\n

So to acquire these tokens there are 2 options,<\/strong> through one of the exchanges<\/strong> that have the cryptocurrency listed or using the Brave browser<\/strong> as a reward for the ads seen in the browser.<\/p>\n