Basic Attention Token Price Live BAT Value Chart & Market Cap 2023

This metric can be used as a predictive indicator of the asset’s future market capitalization. The Basic Attention Token was created by Mozilla co-founder and Javascript inventor Brendan Eich, in an attempt to improve digital advertising through the use of blockchain technology. BAT is an Ethereum-based ERC-20 token that’s supported by the Brave web browser. BAT is designed to facilitate the modern attention-economy, and it can be exchanged between advertisers, users, and businesses with ease. From a technological standpoint, Basic Attention Token doesn’t really have any special properties as it is simply a token using the ERC-20 standard that exists on the Ethereum blockchain. BAT is a utility token and is exchanged between advertisers, publishers, and users that operate on its platform.

The trading volume and liquidity is different for each exchange and those differences are what affect the price. After one of the fastest-selling initial coin offerings of all time – in which $35 million was raised in less than a minute – Basic Attention Token hit the market on June 1st, 2017 trading at around $0.16. Its price doubled in the next couple of days before falling to $0.07 the following month. From mid-July to the start of September, BAT price saw tremendous growth when it reached a price of over $0.30, which was followed by two months of consolidation.

Its surge at the end of 2017 which continued into the start of 2018 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such a strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies. Basic Attention Token can currently be traded on the majority of popular cryptocurrency exchange platforms, and currently has excellent liquidity. Binance, Coinbase Pro and Huobi Global count among the most reputable exchanges for BAT trades. The Basic Attention Token price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

Market Overview

It doesn’t have much explosion potential, both according to investors and judging by its price history so far, but it can provide good returns in the long run. It also has a relatively high market cap of over 1 billion USD. Every year, cryptocurrency experts prepare forecasts for the price of Basic Attention Token. It is estimated that BAT will be traded between $3.85 and $4.33 in 2029.

Brave mentions that you will earn 70% of their ad revenue that they receive from advertisers. In exchange for your attention, you will be able to accumulate tokens as you browse the web. Brave ETC browser’s value proposition is its privacy-centric advertisements which does not track users, and that they are only opt-in. As users browse the web and opt into advertisements on Brave, they are rewarded with BAT for their attention. Both Basic Attention Token and Brave Browser have achieved significant user uptake since their launch. As of October 2020, Brave Browser has a total of 20.5 million active monthly users, whereas the Basic Attention Token is now held by a total of more than 368,000 unique wallets.

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It aims to democratize the attention economy, by giving users the choice of viewing ads, including which ones, and then rewarding them. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

In the last 24 hours.BAT has a circulating supply of 1.5 B BAT and a max supply of 1.5 B BAT. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.

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BAT users on the Brave browser are also rewarded for specific services and premium content options . 4 Ways to Earn Cryptocurrencies in You can now earn cryptocurrency as a consumer or content creator without having the skill to mine or invest in a single crypto coin. Like many cryptocurrencies, BAT can be purchased directly using fiat at a variety of brokers or can be traded against fiat assets on platforms like Kraken and Bithumb. Currently, this advertising budget must be paid entirely in Basic Attention Tokens, which advertisers can acquire from a variety of third-party exchange platforms.

About Basic Attention Token

The percent change in volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 1 hour ago. What is Basic Attention Token and How to Earn BAT Learn how Basic Attention Token on Brave browser is solving privacy issues with mainstream digital advertising and making DeFi more accessible. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.5 Billion BAT tokens are in circulation today. Depending on how the emission schedule of BAT tokens are designed, it might take multiple years before FDV is realized.

The privacy-focused https://www.beaxy.com/ browser employs an on-device, local machine-learning algorithm to serve appropriate ads to users, based on their interests. These ads, which are fetched from a pool of verified advertisers, are served either on the publishers’ web pages or via system notifications. 70% of the total ad revenue is allocated as a reward for users’ attention. As BAT can exist both as an ERC-20 and SPL token, it inherits the security features of Ethereum and Solana blockchains, respectively. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

What is Basic Attention Token?

Exchanges match buyers with sellers so when you want to buy BAT, you indirectly buy them from another person who uses the same exchange as you. The exchange will take a small fee for facilitating the transactions. You can find a list of exchanges listing this token here on CoinCodex. The Basic Attention token price is expected to be around $2.5 in 2025. BAT token was launched in 2017 following an extremely successful ICO. Choose the fiat provider that offers the best exchange rate and various payment methods (Visa/Mastercard, bank transfer, or Apple Pay).

BAT’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying BAT than selling it, the price goes up, and when more are selling than buying, the price goes down. Given BAT’s volatility, its live price can change by a large amount in a very short space of time.

The bat coin value was developed to enhance transparency in digital marketing while rewarding network users, marketers and digital publishers in the process. BAT runs on the popular Brave decentralized web browser, which was built to track users’ attention in order to identify their organic interests and align them with relevant advertisers. Advertisers have the ability to set parameters to target the most relevant users according to matched interests, whom they can select for tiered rewards based on targeting accuracy. Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

At the time of writing, the Brave browser has more than 25 million monthly active users and over 1 million verified creators that accept BAT. Basic Attention Token’s current circulating supply is 1.50B BAT out of max supply of 1.50B BAT. The current yearly supply inflation rate is -0.03% meaning -394,964 BAT were created in the last year. In terms of market cap, Basic Attention Token is currently ranked #13 in the DeFi Coins sector and ranked #32 in the Ethereum Tokens sector.

Brave Web Browser was first founded in 2015 by web pioneer Brendan Eich and CTO Brian Bondy. Following that, Brave browser launched in 2016 with its key feature of ad and tracker blocking. Built on the Ethereum blockchain, and embedded into the Brave browser – it is an incentive token built into the browser to reward all players in the ecosystem – the user, advertiser and publisher.

We’ve compiled everything you need in order to get a better understanding of BAT price and the factors that influence it. The current circulating supply for Basic Attention Token is 1,497,353,046 BAT. Basic Attention Token BAT currently has a market cap of $403,609,777. Bitcoin and ether are sinking, as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading yesterday. Forex.com Global Head of Research Matt Weller shares his reaction. The total maximum supply of BAT has been set to 1.5 billion BAT tokens, 100% of which have been released into circulation.

When someone turns Brave Ads on, their browser begins learning their preferences to show occasional relevant ads. Brave Rewards uses an anonymous contribution system so no one can see what websites each user chooses to support. How to Complete Identity Verification Identity Verification or Know Your Customer standards are designed to protect your account against fraud, corruption, money laundering, and terrorist financing. Binance requires users to complete Identity Verification to increase their account security.

This means it doesn’t collect data, unless you want it to provide you with data. The most notable thing here is the fact that the BAT crypto token is used as a payment token when it comes to running advertising campaigns through Brave Ads. All of the BAT transactions are settled on Ethereum, which is a public blockchain that allows developers to create as well as deploy custom cryptocurrencies and applications. The objective here is that people get fewer ads, and the ones they do end up getting are far better tailored towards their specific interests.

• BAT was founded in 2015 by Brian Bondy and Brendan Eich, co-founder of the Mozilla Firefox browser and creator of the popular programming language Javascript.
• Furthermore, as of November of 2020 at least, advertisers need to commit and spend at least $2,500 per month in order to launch their campaign.
• Explore AdEx Network — the blockchain-powered advertising platform.
• Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings of all time, with the platform raising a total of $35 million in under a minute.
• Content creators and publishers receive BAT tokens as tips and/or ad revenue.

It aims to solve the issues both users and advertisers are facing by making ads lucrative for users to see. This way, users have an incentive to look at ads and advertisers are not as threatened by AdBlock or ad blindness. Publishers and content creators also see an increase in profit as a result.

The most traded Basic Attention Token pairs in the last 24 hours are BAT/USDT, BAT/KRW, and BAT/USD. There are currently 1,497,353,045 Basic Attention Token coins circulating out of a max supply of 1,500,000,000. It’s impossible to make price predictions with any kind of certainty as a whole host of different factors can affect BAT’s future value.

However, only 130 people took part, which could make BAT less decentralized than other coins. BAT serves as the exclusive payment token for the Brave browser. Advertisers are required to purchase ad space using BAT, users receive BAT for viewing adverts and can also tip their favorite content creators using the token. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade .