it's not just for tipping! It's also how advertisers have to pay to get their ads featured on brave. Normally, BRAVE blocks all ads but it has an option if the user opts in, to replace them with BRAVE supported ads. If they do so, they also get a small slice of the advertisting revenue, again in BAT:
Basic Attention Token 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.
One billion BAT was sold. In addition to the tokens sold, we created a development team pool of 200 million tokens. Finally, we created a user growth pool (UGP) of 300 million BAT.
The last 300 milion have yet to be distributed fully, they are used for marketing, bounties etc. In a way, you can say those act as inflation, but the max number of tokens is fixed and they will probably be over soonish.
if you do, try doing some swinging everytime you see a nice pump. Imo, there are whales constantly pumping and dumping it so it's a nice coin to increase your stake during the bear market. It's almost too predictable even for a dummy like me. At least that's what I am doing, i just regret not doing right from the start XD
Store of value and not reliant on SWIFT network for transactions (true for all crypto). Also doesn’t require bank account or KYC unless you want to convert to USD. Pretty basic perks.
it's not just for tipping! It's also how advertisers have to pay to get their ads featured on brave. Normally, BRAVE blocks all ads but it has an option if the user opts in, to replace them with BRAVE supported ads. If they do so, they also get a small slice of the advertisting revenue, again in BAT:
via: https://basicattentiontoken.org/
Aha ... so you can run an ads campaign with it?
That makes sense.
Thanks!
Oh and this ...
Do you know the inflation?
How its printed?
No inflation, total is 1.5 billion bat.
via: https://basicattentiontoken.org/faq/#distribution
The last 300 milion have yet to be distributed fully, they are used for marketing, bounties etc. In a way, you can say those act as inflation, but the max number of tokens is fixed and they will probably be over soonish.
Wow .... need to get some BAT then!
Thanks for all the info!
if you do, try doing some swinging everytime you see a nice pump. Imo, there are whales constantly pumping and dumping it so it's a nice coin to increase your stake during the bear market. It's almost too predictable even for a dummy like me. At least that's what I am doing, i just regret not doing right from the start XD
Store of value and not reliant on SWIFT network for transactions (true for all crypto). Also doesn’t require bank account or KYC unless you want to convert to USD. Pretty basic perks.