Posts about Basic Attention Token
Basic Attention Token (BAT), one of the widely used ERC-20 tokens with a real-life application, is having a rally to new all-time highs above $1.70. BAT, a token tied to the Brave browser and tokenized online ads, has lagged behind other assets despite its wide adoption.
BAT rose by more than 44% overnight, extending its previous rally, to recover its previous all-time high and achieve price discovery at $1.73. The recent climb also coincided with near-peak trading volumes above $2.7B in the past 24 hours.
The immediate reason for the BAT rally is a recent announcement the asset would be accepted as payment at Regal Cinemas.
But for BAT, the buildup to a new all-time high has happened over the years. BAT hovered around $0.22 for years before its breakout in 2021, leaving behind its all-time high from early 2018 at just $0.89.
BAT has also remained behind the trend of DeFi, with only limited usage as a liquidity token. Most BAT circulates in the Brave browser online ad economy. The latest growth model shows Brave browser carries more than 36M active users per month.
BAT is held in more than 400,000 wallets, which is about 10 times the usual holding rate of other ERC-20 tokens. The asset is immensely popular and widely distributed, though about 20% of the tokens may be available on centralized exchanges for speculative trading. Read Full Story
Story Highlights:
Basic Attention Envisions Gaming Future
Is BAT a Good Investment?
BAT May Follow Game Token Trend
Altcoin Economy Gains Dominance
TLDR: What is the roadmap/long term commitment to paying users for engaging with ads? How do we know BAT will not be abandoned by its creators (slowly... or quickly) the way BERRY (from RentBerry) was https://etherscan.io/address/0x6aeb95f06cda84ca345c2de0f3b7f96923a44f4c
As a happy brave products user, asking this question almost feels silly - as it places an emphasis on the token's value (I want the price of BAT to go up) rather than the product value (I already get a lot of value out of the browser, built in TOR browser, tipping, brave Talk, etc.). That said, Brave Attention Token has historically been core to Brave's vision, so I think it's a fair question to ask. As Brave roles out Search Ads, Brave Talk, potentially Brave email (which may or may not have ads in it), is there a statement from Brave indicating that BAT will be used to mediate payments for our attention to ads in all of those products? Has there been any statement indicating that users seeing a Brave Search Ad will get 70% of the revenue as they do with current Brave Rewards? Or more generally, is there any mention that Brave's advertising products (of any current or future form) will maintain the 70/30 user-brave payout split?
Would love to see links to relevant public notices or to hear directly from the Brave team if that's an option.
**EDIT**
These are all interesting replies but none of my questions have been answered so far :(