Buy Basic Attention Token in Australia on CoinJar

Buy Basic Attention Token (BAT): This token is all about making digital advertising better for everyone, and it does this by using blockchain tech.

What Is Basic Attention Token (BAT)

Created by Brendan Eich, the mastermind behind JavaScript and Mozilla/Firefox, the main goal with BAT is to create a fairer and more transparent advertising ecosystem for advertisers, content creators, and users.

Pretty much, Basic Attention Token (BAT) is a token designed to revolutionise digital advertising.

Here are the critical issues within the digital advertising landscape that BAT was designed to tackle.

Privacy

In the current advertising ecosystem, user privacy is often compromised. Advertisers and trackers collect vast amounts of personal data without explicit consent. BAT seeks to protect user privacy by enabling anonymous monitoring of attention without compromising sensitive information.

Intrusive advertising

Traditional online ads can be super annoying. They slow down browsing experiences and stop user engagement. BAT aims to provide an alternative by promoting non-intrusive, consent-based ads that respect users’ preferences and browsing flow.

Inefficient ads

Advertisers aren’t necessarily having a great time either. Users are bombarded with irrelevant ads, which means that a lot of advertising budgets are wasted.

BAT aims to create a more targeted and efficient ad delivery mechanism, benefiting both viewers and advertisers.

Fair payment

BAT aims to use a fair compensation model. Users receive BAT tokens for their attention, while publishers are rewarded based on user engagement. This equitable distribution of value is designed to offer a more balanced ecosystem, at least theoretically anyway.

Spending BAT

BAT is designed for use within the Brave ecosystem, however, it is starting to escape into other areas of life. For example, it can be used in games like Splinterlands.

Origins of BAT crypto

The story of BAT begins with the launch of the Brave Browser in 2016. The privacy-focused browser blocks unsolicited ads, trackers, and malware.

Brave also rewards users with BAT for voluntarily viewing privacy-preserving ads. Brendan Eich’s commitment to user privacy and valuing attention played a central role in the conception of both Brave Browser and the BAT project.

How does BAT work?

User attention rewards

When users opt in to view ads, they earn BAT directly. This crypto-native browser ensures that users’ attention is compensated.

Advertiser-publisher interaction

Advertisers pay BAT to publishers for posting ads. Users’ data is compiled and shared with verified advertisers, allowing them to create targeted campaigns.

Brave says that 70% of advertising revenue is distributed to users as compensation for their time spent viewing ads.

Integration with the Brave browser

Since its integration into the Brave browser’s global private ad platform, BAT claims it has:

-60 million monthly active users

-23 million daily active users

-1.8 million verified creators accepting BAT

-Creation of millions of wallets

-Thousands of ad campaigns with leading brands

-Growing utility in innovative blockchain gaming projects.

Bridging Ethereum and Solana

BAT now spans both Ethereum and Solana blockchains, offering utility to both ecosystems.

Impressive stats

Brave claims that BAT is the first crypto application with over one million users.

They have 4.1 million on-chain transactions, 10.62 million wallets have been created, and they have 1.7 million verified creators.

There are 67.1 million monthly active users, 25.3 million daily users, and 233,000 verified creators.

There are nearly 1 million participants that accept BAT, including major internet and crypto companies.

Why Own BAT?

Privacy

Brave Browser lets users control the ads they view and how their data is used. No more intrusive ads or data commodification without consent.

Crypto-native ecosystem

BAT aligns with the blockchain ethos of compensating end users directly, bypassing centralised entities.

Support of content creators

Users can also support their favorite content creators by automatically sending them BAT tokens based on engagement.

Basic Attention Token (BAT): Conclusion

BAT’s innovative approach to digital advertising empowers users, rewards attention, and disrupts the status quo. Whether you’re passionate about privacy, supporting content creators, or simply want to explore the crypto world, BAT is something you need to dig into!