The incredible scope of BAT
Basic Attention Token, or as it is called BAT, has been having a solid run for the past few months. It has become a huge user-advertiser friendly project from being a relatively unknown one just a year ago. Launched on the 31st of May in 2017, the BAT project has taken the market by leaping at the forefront of major topics like privacy, safe search, rewarding the user, among other things. Brave, the project's browser product has all the aforementioned properties. It has proven itself to be a fan favourite among BAT investors.
What does BAT do?
BAT or Basic Attention Token is a cryptocurrency that users earn through browsing the internet on the Brave browser. BAT, like any other cryptocurrency, is a storage of value or just an alternative currency. However, there are several more advantages. Brave allows users to donate BAT to creators you deem worthy of receiving a tip. It is just as simple as clicking the tip button and funding the work of worthy artists.
BAT is also an excellent investment in the long term. It has grown tremendously in the past year, and the profits have come in the form of a strong community.
How good of an investment is BAT?
BAT has grown from a simple project started in 2017 to a fan favourite in not long. It commands the attention of over 30 million monthly users, with over 10 million people logging in daily. It has its own wallet, the Brave wallet, which has had a total transaction volume of 382 million USD and 12 million users.
The best part? This is all just the start. With most of the internet still not scouted by the brave infrastructure, it is a terrific opportunity for people to look for safer alternatives than the present industry giants. For any company to become a good investment, it has to win the trust of the people. Brave has proven that being open and working with the masses’ interest is the need of the hour. As an outcome, people have been accepting this project more than ever. Public personalities like talk show host Joe Rogan have said publically that he prefers Brave (and DuckDuckGo) to Google.
What does the future hold for brave?
Brave has a lot of new things in the making with their roadmap document 2.0 out for everyone. Its decentralised exchange will add a cryptocurrency exchange to its already booming ecosystem of a browser, search engine and cryptocurrency.
Then comes the new and improved crypto wallet that brave is developing. It would allow the user to transact money both on desktop and mobile. With added features like geolocation, support for blockchains beyond Ethereum and Hierarchical Deterministic (HD) wallets, brave would allow users to get all the good features of the cryptocurrency market in a single application. HD wallets change the keys of a user on the bitcoin blockchain after every transaction. This allows maximum privacy and increases overall security from malicious parties.
Then there are the plans to delve into the decentralised exchange (DEX) corner of the market. Brave Swap would serve as a DEX Aggregator for the crypto market while being on the brave wallet itself. Decentralised exchanges work on the Ethereum blockchain and are an alternative to the traditional marketplace. DEX is used for direct peer-to-peer transactions without the need for buying or selling with the blockchain itself.
Brave commands over a million verified creators across platforms. This makes the simple relation of user and advertiser into a multilateral cross of user-creator-advertiser. This phenomenon allows better connectivity of users with different spheres of an online presence.
Then there is the THEMIS project which would decentralise the advertisement infrastructure itself! There would be basically automation of ads for the development of Web3.
Why are we talking about all these?
Any good investment needs to tick the basics of being scalable and grounded in reality.
For the whole of brave, and by extension the BAT project, the masses have accepted the project. Of course, there is always room for improvement here and there, but the consensus till now has been positive. As for scalability, 30 million monthly users is proof in itself.
Brave is innovating rapidly in the field of crypto. It has solutions for new wallets, uses its massive brainpower on the scale of ETH, could become as prominent as BTC, has an awesome team like CARDANO, exudes longevity like MATIC and is as innovative as SOLANA.
Brave is here to innovate.
Brave is here to soar high.
Brave is here to stay.
