BAT
Basic Attention Token
Introducing Blockchain-Based Digital Advertising
Basic Attention Token (BAT) radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
Led by Brendan Eich (creator of JavaScript and co-founder of Mozilla), Basic Attention Token (BAT) project is an open-source, decentralized ad exchange platform built on the Ethereum platform. The project seeks to address fraud and opaqueness in digital advertising.
The token aims to correctly price user attention within the platform. Advertisers pay BAT to website publishers for the attention of users. The BAT ecosystem includes Brave, an open-source, privacy-centered browser designed to block trackers and malware. It leverages blockchain technology to anonymously and track user attention securely and rewards publishers accordingly.
Making money on the cryptocurrency markets is commonly associated with active day trading. But there are passive alternatives like using the Brave browser and getting paid for that in Basic Attention Tokens (BAT).
The idea of earning cryptocurrency for something you’d do as part of your everyday life is incredibly attractive, and therein lies the appeal of Brave rewards. Brave, an open-source, privacy-centric web browser modeled on Google Chrome (but minus the ads and trackers), monetizes users’ attention span by paying them in Basic Attention Tokens (BAT) every time they view privacy-respecting adverts.
Users determine which sites they want to support and can even tip their favorite content creators directly. According to Brave, web users earn 70% of the revenue Brave receives from advertisers, and by paying it forward, they can support the content they love. As for content creators, they can utilize Brave’s partner exchange Uphold to convert BAT into a currency of their choosing. Hence, everyone’s a winner.