{"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 <\/p>\n 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 <\/p>\nWhat is Basic Attention Token [BAT]?<\/strong><\/h2>\n