Coinbase is the leading crypto exchange in US. And listing on Coinbase will give access to BAT token for millions of new users. Basic Attention Token (BAT) has already proved itself with the number of users with aggressive and referral marketing on websites and blogs. They have announced on October that Brave had 4.6 million monthly users: This seems to be a great future ahead for BAT Token.
Coinbase Launches Support for Basic Attention Token (BAT). Major U.S. cryptocurrency exchange Coinbase has announced it is accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro, according to a blog post published Nov. 2.
What is Basic Attention Token (BAT)
BAT aims at radically improving the efficiency of the digital advertising industry. The token can be exchanged between publishers, advertisers and users on the Ethereum blockchain. It is used to obtain a variety of advertising and attention-based services on the BAT platform. Its utility is based on the user’s attention, which means his/her mental focus and engagement.
BAT is an Ethereum-based token integrated with the blockchain-powered privacy-focused web browser Brave. Durings its Initial Coin Offering (ICO) for BAT, Brave raised $35 million in 30 seconds.
Coinbase added support for BAT tokens on its Coinbase Pro platform, while it will enable trading on the BAT/USD order book only when sufficient liquidity is established. Coinbase notes that BAT trading will be available in most jurisdictions, except for residents of the state of New York.
BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI
— Coinbase Pro (@CoinbasePro) November 2, 2018
The Brave Browser Project is the effort behind BAT
The Brave browser project is the primary effort behind BAT, which is aimed at rewarding users for enabling ads. Brave browser has ads disabled by default. BAT tokens have a real-world value assigned by market traders and benefit both sides of the content world – the viewer and the content provider. Last year, Brave enabled them on YouTube videos and over the past few weeks, prior to the listing on Coinbase Pro, the token has seen a rally due to the program entering beta and increased awareness.
Brave Browser discourages tracking, malvertising
Tthe Chrome-based browser itself has millions of active users and discourages tracking, malvertising, and inefficient website coding. Current market share reports on browsers do not sufficiently differentiate user agents enough to tell the difference between various forks of Chrome; thus, it is hard to estimate how many people are currently using the browser. Nevertheless, as market share of it grows, the native utility of the BAT will continue to grow, and thus so will demand for it.
Brave browser has about 4.6 million users
Most of the cryptos in the market today are heavily speculative. They have no use in the real world, other than a promise that they could change society at some point in the future. This means that lots of investors are actually gambling away their money. They are gambling in the sense that they are investing in the promise that things could work out well in the future. While some of them will achieve their goals and make investors insanely wealthy, an equally high number will die off. To reduce the risk of loss, it makes sense to go for cryptos whose use-case is clear, and there are real signs of adoption. One crypto with such prospects is the Basic Attention Token (BAT).
Basic Attention Token (BAT) Future Forecast
Basic Attention Token (BAT) is the token used to reward users on the Brave browser. Publishers on the brave browser are rewarded with BAT tokens depending on the attention that users give to their content. Basically, the whole idea is to ensure that content is more worthwhile and that online advertisers get better value for their money. On their part, users get more targeted adverts that are actually useful to their needs.
According to Cryptorecorder, The best part is that this is not just a concept. It is actually being used. As of October, the brave browser now has about 4.6 million users. That’s a 15% month-on-month growth in the number of users on the brave browser. This means that the usage of the BAT token is actually growing, not speculatively, but in real hard numbers.
In essence, BAT is a low-risk buy, one that has the potential to shoot up in value going into the future. As a matter of fact, it is already showing signs of organic growth, independent of the rest of the market. In the last month, the adoption of the brave browser has shot up.
In tandem with this increased usage of the brave browser, the value of the BAT token has been moving up too. Today, BAT is up by over 4% even as the rest of the market records sluggish growth. That’s an indicator that the BAT token is growing based on real usage, and not just on speculation. This conclusion is backed the fact that BAT is now one of the most liquid tokens on Bancor. This high liquidity goes to show that there is heavy usage of this token and that its price moves in the market are backed by real demand on the brave browser.
Going by this trend in the value of Basic Attention Token (BAT), it’s easy to deduce that the BAT token is a safe bet, that is somewhat guaranteed of growth going into the future. Going forward, as the brave browser grows in adoption in the market, the BAT token could easily decouple from bitcoin. Its value growth in the market could be more akin to that of a stock, in that it would be driven by the fundamentals of the underlying asset (the brave browser) more than it is by the largely irrational price movements of the crypto market. Basic Attention Token is definitely an interesting hold for long-term investors.