Basic Attention Token (BAT)

Basic Attention Token is currently trading at $0.2051, after a price change of 2.03% in the last 24 hours.

Ranked as cryptocurrency #91 by capitalization today, BAT market cap is valued at $307,195,082. BAT trading volume reached $29,718,809 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on BAT coin price prediction page.

What is Basic Attention Token?

Basic Attention Token is a utility currency for digital adverts on Brave Browser. BAT is built upon Ethereum and secured with the proof-of-work consensus model. Brave browser is a privacy browser that filters third-party ads and leverages a ledger system that measures users’ attention for fair compensation. Privacy is enhanced on the platform by barring advertising agencies from accessing IP address information.

Brave features a pool of pre-examined advertisers who fund their ads. Part of the fund is used to pay users for viewing the adverts. Publishers are equally paid whenever an ad is viewed from their platform.  

There are 1.49 billion BAT tokens from a total supply of 1,500,000,000 and a matching hard cap. The token compensates browser users for their viewership without compromising on confidentiality. The token links promoters, users, and publishers to offer an enhanced advertising network free from fraud and abuse. The protocol seeks to generate the most from adverts without compromising confidentiality. 

Brendan Eich and Brian Bondy started BAT in 2017.