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Trade BAT on Beaxy

Basic Attention Token or BAT was developed by the co-founder of Mozilla and creator of JavaScript, Brendan Eich. He studied the flow of advertisement data on the internet and aimed to develop a blockchain-based digital advertising platform.
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BAT profile

BAT Features

OPEN SOURCE
Brave, the blockchain-based digital advertising platform, blocks invasive ads, and prioritizes the privacy of the users. It evaluates user attention with the use of a ledger system that anonymously measures it, then rewards BATs to users. Brave browser studies user data with an on-device machine learning personalizes the user’s ads, then compensates the user for his attention. Brave also eliminates third-party trackers and middlemen to prevent malware and data leakage.
TRANSPARENT AND SECURE
With Brave, users are assured that their privacy is not violated because user ads are tracked anonymously. With this platform, they can avoid advertisements and save data charges by eliminating ads that only aim to profit out of their user’s attention. They can view ads according to their interests, protect their privacy, and get paid in the process with Basic Attention Token or BAT. Each BAT is equivalent to the measured user attention spent on ads.
DECENTRALIZED
Brave is a blockchain-based digital advertising platform that utilizes the Ethereum blockchain. BAT are tokens that serve as rewards to users, publishers, and advertisers for their participation in ads. BAT as a cryptocurrency is decentralized, which means it is separate from a central authority. It is also autonomous and only Brave has full control over it. This decentralization allows BAT to be transferred or exchanged in various platforms in any part of the world within seconds. It is not under international monetary regulations or laws.
EFFICIENT
BAT improved digital advertising by presenting a token that can be exchanged between users, publishers, and advertisers. These tokens can be earned by all three members of the digital advertising platforms, and these tokens could also be shared as rewards or tips. The exchange or the transfer of BAT all happens on the Ethereum blockchain, where privacy is secured and data is encrypted. This token can be utilized to get various advertising and attention-based services on the Brave browser.
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions mobile

BAT Technology

Brendan Eich founded the blockchain-based web browser, Brave, which aims to provide users, publishers, and advertisers a better way of utilizing ads. With Brave, the “middlemen” in digital advertising is eliminated, therefore ads are directly presented to users themselves.
The creation of the BAT system through Brave provides advantages to all three persons of digital advertising. For the users, it can provide strong security when viewing ads, improve ad relevance, and reward them with BAT tokens. For the publishers, BAT can improve revenue by eliminating fraud and providing better reporting. For advertisers, they can benefit from cheaper customer attention, less fraud, and a more efficient attribution.
Publishers will have higher revenue because customers will no longer have to use adblock to prevent ads from using too much data charges. As long as users know that they also earn from the ads they view, they will willingly engage in it. This means higher revenue for publishers. In translation, this would also mean cheaper user attention for advertisers and less fraud to deal with on platforms.
User attention is monitored privately on the Brave browser, and all user data is stored on the user’s device only. Ads are personalized to the user’s interests to increase engagement and user attention.

How to Mine BAT?

Let’s get it out of the way: BAT is not generated anywhere. It cannot be mined. The crypto was created during the ICO and has since then has had a fixed supply. What advertisers do to acquire the digital coin is to pay for ads using BAT. One can also earn BAT through watching those ads.
Users on the Brave browser on the web or mobile devices are commonly rewarded for their participation a.k.a. user attention. When you view ads by the Brave browser, you will earn from their ad revenue and receive tokens for your participation.
You may also earn BAT from participating in random BAT awards, which happens every month at a worth of 25-40 BAT. These rewards are usually only claimed by the first few users to participate in their Reward settings. Lastly, you may also earn BAT through tips from site visitors. This is most applicable to publishers.
Despite the fact that BAT is only available on the Brave browser, this does not mean that you cannot spend it outside the scope of the platform. BAT is ETH-powered, so if you want to exchange it for fiat money, you must first trade it for ETH, and then to fiat currency.
You can trade your BAT on various exchanges like Binance, Kraken, and Coinbase Pro. You may also grow your BAT holdings through depositing them in trading exchanges like Coingecko. Your earnings will depend on how long you’ve deposited your BAT on the exchange. The longer, the higher interest you’ll get.

Risks of Trading BAT

INVESTMENT RISK Trading BAT on popular exchanges such as Kraken will not automatically guarantee profits. Trading, in general, contains many risks and you must be fully aware of these before you begin investing. BAT has lesser volatility compared to other cryptocurrencies, but this does not guarantee that the crypto will not experience sudden highs and lows. With a $363 million market capitalization and innovative ideas on digital advertising and maximizing user ads, BAT may become one of the leading cryptocurrencies in years’ time. Invest with caution. SECURITY RISK Brave is a privacy-based digital advertising platform, so users are guaranteed for their privacy and the security of their data. However, the security risk that must be discussed is the storage of your Basic Attention Tokens (BATs). Since BAT is ETH-powered, it is also compatible with an ETH wallet. Ensure that your ETH wallet is fully secured and protected from cyber-attacks. It is recommended to keep an offline ETH wallet to keep your BAT secure. Storing your tokens or any crypto for that matter in an online wallet is more liable to cyberattacks, since it is easier to get into users’ accounts with the help of the internet. REGULATORY RISK In 2016, when Brave debuted the Basic Attention Token (BAT), it was given a cease and desist order by the Newspaper Association of America or NAA. The letter sent to Brave stated that BAT posed a threat to traditional paid advertising content by aiming to replace it. The letter also stated that Brave’s own advertising violated the law and the rights of a few publishers enclosed in the letter. Although the order did not push through and Brave went on to have 10 million active users per month at the end of 2019, orders of cease and desist may occur again in the future. These kinds of risks to BAT’s regulatory status or even rights to distribution should be considered by the investor.
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BXY is an exchange token that works as loyalty rewards and functional fuel for the Beaxy exchange ecosystem. Greater rewards, discounts, and potential of the platform can be unlocked with BXY.

NEO is an asset run on a distributed smart contract platform. You can exchange NEO and BTC when you place an order on Beaxy.

XRP is a cryptocurrency known for speed and use in global banking. If you’re interested in XRP you can navigate to the coin page to learn more, or the trading page directly to trade.

Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies.

Ethereum Classic is a decentralized network that is tailored to application development. If you’d like to trade ETC for BTC, you can do so directly on the exchange page.

Monero was built for anonymity and is the most popular privacy-focused cryptocurrency. You can move in and out of BTC when you place an order with XMR on Beaxy.

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DASH is a decentralized payment solution that features instantly settled payments. You can trade DASH and BTC directly on Beaxy.

Basic Attention Token is the native asset of the Brave browser. You can earn BAT by consuming content on the Brave browser. Exchange BAT and BTC efficiently on Beaxy.

AION is a native asset that performs critical functions for The Open Application Network. You can swap AION and BTC directly on Beaxy.

MTL is the base asset for the Metal Pay ecosystem. MTL is used for quick and easy peer-to-peer transactions. Trade for MTL and BTC directly on the Beaxy Exchange platform.

ICX is the native asset of ICON, a decentralized blockchain network that focuses on interoperability. Seamlessly trade ICX and BTC on Beaxy.

VideoCoin (VID) is a cryptocurrency that runs on the Ethereum blockchain. The asset is rewarded to producers and consumers of web-based video content. You can swap VID and BTC directly on Beaxy.

WAVES is a cryptocurrency that is designed to cater to developers. You can conveniently trade WAVES and BTC on Beaxy.

ZRX is the native asset for 0x, an open-source smart contract development platform. ZRX holders can use the token to vote on updates to the network. Seamlessly swap ZRX and BTC on Beaxy.

TOMO is the base asset for the TomoChain platform which uses Proof of Stake Voting to reach consensus. Easily trade TOMO for BTC by placing an order on Beaxy.

GO is the native asset on the GoChain network. GoChain uses Proof of Reputation as a consensus mechanism. You can easily swap GO for BTC on Beaxy.

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Dragonchain is a commercial-grade hybrid blockchain that enables developers to rapidly build private blockchains and decentralized blockchain applications.

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