Buy Basic Attention Token (BAT)
What is Basic Attention?
Basic Attention Token (BAT) is an Ethereum-based cryptocurrency designed to improve the digital advertising industry by creating a blockchain-based digital advertising exchange that enhances transparency, efficiency, and fairness. It aims to eliminate fraud in the sector and reward users for their attention, while protecting their privacy. BAT is integrated within the Brave browser, allowing users to earn tokens by viewing ads and enabling advertisers to directly reach consumers.
How does Basic Attention work?
BAT works by integrating with the Brave browser, which tracks user attention anonymously and securely using blockchain technology. Users can earn BAT by viewing ads, which are selected based on locally stored data using machine learning algorithms. Advertisers pay BAT to publishers to run ad campaigns, and the ad budget is distributed among publishers, advertisers, and users. This system leverages Ethereum smart contracts for transparency and uses the Brave Ledger Protocol to handle interactions and track rewards.
What are the potential use cases for Basic Attention?
Basic Attention Token (BAT) can be used in various areas:
- Digital Advertising: Advertisers can purchase ad space with BAT for targeted, privacy-respecting ads, while users earn BAT by viewing these ads.
- Content Monetization: Content creators can receive BAT tips from users, providing a new revenue stream for monetising digital content.
- E-commerce and Online Services: BAT can serve as a form of payment within the Brave ecosystem, facilitating transactions for online services and products.
Notable partnerships with companies like Uphold and publishers such as The Washington Post and Vimeo showcase BAT's practical applications.
What is the history of Basic Attention?
Basic Attention Token (BAT) was created by Brendan Eich, founder of Mozilla and creator of JavaScript, and launched by Brave Software. The project aimed to address digital advertising's fraud and privacy issues. BAT had one of the fastest ICOs in 2017, raising $35 million. It's integrated with the Brave browser, expanding its market presence through listings on major exchanges like Coinbase Pro. The project continuously evolves towards privacy-centric advertising and broader adoption with technical advancements and expanding partnerships.
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Frequently Asked Questions (FAQs)
What is the current price of Basic Attention Token (BAT)?
The Basic Attention Token price is $0.34009899 AUD, representing a -10.24% from the day prior.
Where is the best place to buy Basic Attention Token (BAT) in Australia?
The best place to buy Basic Attention Token (BAT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Basic Attention Token (BAT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Basic Attention Token (BAT)?
The trading volume of Basic Attention Token (BAT) is $64.9M AUD in the last 24hrs, representing a -10.24% from the day prior.
How can I buy Basic Attention Token (BAT)?
Basic Attention Token (BAT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Basic Attention Token (BAT)?
The current market cap of Basic Attention Token (BAT) is $500.9M AUD.
Can I convert Basic Attention Token (BAT) to cash?
Yes - With Coinstash you can convert your Basic Attention Token (BAT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Basic Attention Token (BAT) are there?
The current circulating supply of Basic Attention Token (BAT) is 1.5B.
Is Coinstash a safe place to buy Basic Attention Token (BAT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Basic Attention Token (BAT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.