In this article we take a look at the Basic Attention Token (BAT) and answer the question, “Is BAT token a good buy?” The BAT token has been referred by some as the Google Chrome of crypto. Here’s why:
What is Basic Attention Token(BAT) and Is it a Good Buy?
BAT is the token of the Brave ecosystem, a web browser that aims to change the way we interact with web content and advertisements. Instead of bombarding users with invasive ads, BAT pays users to watch them. The platform also doesn’t track users’ behavior like other browsers do.
Why does Basic Attention Token have value?
Basic Attention Token, and Brave as a whole, improves the experience for users on the Internet. Advertisements are tailored to your location, and you can set how many ads you’re willing to see.
Moreover, you can tip content creators on platforms like Twitter or YouTube. BAT puts the power of your data back in the users hands and allows you to have a more direct relationship with content creators.
● The platform doesn’t track your browsing behavior or sell your data.
● You can tip content creators on different platforms.
● Brave software is less resource-consuming than other alternatives.
What are the Cons of Basic Attention Token?
● It is relatively small compared to other centralized competitors.
What are BAT’s tokenomics?
The maximum supply of BAT is 1.5 billion. 1 billion was sold in the ICO; 200 million were reserved to fund development; and 300 million went to a User Growth Pool.
Who founded Basic Attention Token?
Brendan Eich and Brian Bondy.
Who are Basic Attention Token’s Investors?
Basic Attention Token has conducted 3 funding rounds. The main investors are Fundamental Labs, ICONIUM, Genesis One Capital, All Blue Capital, Henok Tekle, and Alexis Berthoud.
I give the BAT Token project a B+ rating. This is because I love the idea behind Basic Attention Token and believe that it is one of the main tenants of the Web 3 philosophy… YOU own your data not some Web 2 company looking to monetize it.
I think over the years the Brave browser will grow in popularity and with it the BAT crypto – which will be good for everyone. Right now they have over 54 million monthly active users which is great and that number will continue to grow each year.