What is BAT
What is BAT?
Basic Attention Token (ticker BAT) is a payment system created to develop the content-making industry. The creators of BAT coin strive to become a leader in the advertising industry. With its help, content creators have the opportunity to monetize their activities, and ordinary users receive rewards for viewing ads.
BAT is a popular cryptocurrency included in the TOP 10 digital currencies in the global Coinmarketcap rating. This is an internal token of the Brave Internet browser, which is anonymous and adblocking. Active browser users can receive BAT tokens to their cryptocurrency wallets. The rewards directly depend on the amount of time the user spends in the browser and performs tasks. This function is not implemented on WhiteBit. However, on the exchange, users have the opportunity to trade quickly and conveniently with a commission of only 0.1%.
The main task of BAT is to provide a transparent and decentralized mechanism for the exchange of digital advertising, which will be based on blockchain technology. The creators of the token assure that users who own the BAT token can not worry about the safety of their data. Privacy is a priority for Basic Attention Token developers. Without the knowledge of users, sites cannot identify them. Users of the Brave browser have the opportunity to configure the privacy level for each website independently.
Basic Attention Token also has a revenue distribution system that offers publishers ideal solutions, overcoming the problems associated with the pressure of centralized services.
The BAT cryptocurrency works in the Brave browser. It is based on the idea of zero-knowledge proofs, allowing consumers ‘ data to remain on their devices without transferring it to Brave or other parties.
In addition, Basic Attention Token currently works with both automated and anonymous micro-donation systems for publishers, known as Brave Payments.
Price of BAT
It was possible to buy BAT immediately after the listing (in June 2017) at 16 cents per token. Three days after the listing, the BAT exchange rate almost doubled and reached the level of 29 cents. After that, a correction followed, and the price of the coin fell to 7 cents.
During the previous bull market, the price of the BAT coin reached the level of 89 cents, after which it rolled back up to 11 cents. In April 2021, the exchange rate of the coin set a new historical maximum – $1.53.
As of writing this article, the BAT exchange rate is 77 cents, and the total market capitalization is $1.147 billion. Basic Attention Token takes 90th place in the global rating of cryptocurrencies.
Prospects of BAT coin
One of the critical factors that determine the future of a particular project is recognition by other market players. For example, Basic Attention Token is a strategic partner of Uphold and DuckDuckGo. In addition, the creators of BAT have entered into a partnership with Dow Jones Media Group. The startup will be responsible for broadcasting premium content to the media giant’s audience and testing blockchain technology.
Many experts characterize the BAT token as promising. The fact is that almost all Internet users are interested in a fast and confidential browser. Well, for advertisers and content makers, this is an excellent tool for analyzing the behavioral factor of the audience and monetizing their business. The developers do not stop there – many more innovations are planned, each of which will invariably affect the exchange rate of the BAT cryptocurrency.
How do I purchase a BAT?
To buy a BAT, you need to take a few simple steps:
- Register on the WhiteBit exchange or log in to your account if you already have one;
- Go to the “Trade” section;
- Select the cryptocurrency pair of interest (BAT/USDT or BAT/BTC)
- Create a purchase order.
The market order is executed immediately, and the limit order is completed when the asset reaches the specified price.
To convert BAT to BTC, go to "Trade" - "Professional." Select this pair and make an exchange.
The minimum purchase amount on the WhiteBIT exchange:
- 5.05 USD, USDT;
- 4.20 EUR;
- 0.0001 BTC.
You can track the current BAT to BTC rate here.