The team behind Basic Attention Token has announced that it will be distributing $500 million in BAT tokens to Brave browser users every month.
BAT token was developed by Brendan Eich, creator of the Javascript web programming language, as a built-in currency in the Brave browser.
It is believed to be the first browser with a built-in cryptocurrency wallet, which, among other things, was designed to support the new economic model of websites for monetizing content. This model provides anonymity for users as well as non-personal metadata for advertisers.
It is also worth noting that the BAT token is one-way. Once the token is transferred to the Brave browser wallet, funds cannot be withdrawn. They can only be transferred to one of the 1,600 websites or YouTube channels that are registered as Brave publishers.
The number of active users of the Brave browser is approaching three million. Brave Browser/BAT Project seems to be one of the leading candidates for the most popular cryptocurrency projects.
According to icoexaminer
You May Also Like
The bear market may continue after the launch of Bakkt
The Intercontinental Exchange (ICE) regulated exchange ecosystem for Bakkt launches on December 12, however, the public is concerned about the platform's possible impact on the market. Following a series of Twitter posts on the topic, securities lawyer Jake Czerwinski has clarified some of the issues surrounding the Bakkt platform, which is currently awaiting regulatory approval to launch operations.
Who dropped Bitcoin again?
The pressure on cryptocurrency is increasing every day and is negatively affecting its rate. Over the past 24 hours, the Bitcoin rate has dropped by 6.5% and currently stands at $8,450. The Ethereum rate has fallen by more than 9%, and this currency is trading around $515. The NEO token fell the most in price, falling by 12% and currently worth $65, reports CoinMarketCap.
