What is Basic Attention Token (BAT)?

in #cryptocurrency7 years ago

      The ICO for BAT sold out in 30 seconds, raising over 35 million dollars. What sort of cryptocurrency would raise this much money, this fast?

Basic Attention Token’s goal

       Basic Attention Token’s goal is to change the world of advertising by eliminating the middle man, removing fees, and rewarding users for their attention. Currently advertising is controlled by a few monolithic companies such as Googlewho take enormous fees for advertising. Also, advertising viewers are having their data tracked and used without any payment from the companies

There are many cryptocurrencies for changing advertising, so what makes BAT different?

      Basic Attention Token is different from other advertising cryptocurrencies such as AdBank for two reasons:

  • Basic Attention Token rewards users for their attention and for their data being tracked, in BAT, unlike other ICOs, where users are not even thought about.
  • Basic Attention Token has a solid plan for collecting data and protecting users’ anonymity, which is integral to any advertising network.

How it works

The Advertiser

The advertiser will broadcast a transaction, attaching all details and attaching a BAT pay to it. The network links the advertiser to a publisher willing to show the advertisement.

The Publisher

The publisher, who owns a website and is willing to show the ad, is linked to the advertiser, and the advertisement is shown to a user. Note that when the network grows, it will be extremely efficient, using user data to show targeted ads and connecting a user to an advertiser in the most profitable way. The publisher gets a reward for showing the advertisement.

The User

The user, using the Brave browser, views the advertisement. The Brave browser is a fast, open-source, private browser that blocks malware, and is built for the Basic Attention Token project. The Brave browser anonymously tracks the user's attention in order to reward publishers better and make sure that advertisers receive the attention that they pay for. Users are paid for their attention in BAT. The Brave browser also anonymously tracks users' data in a totally secure and anonymous fashion.

The end result

The final result of this is that everyone benefits. The advertiser gets a better return on investment, receives more data on users' attention, and have better targeting on their advertisements. The publisher's rewards have no fees, bots do not work on this network, and there is no ad-blocking that stops the publisher from showing advertisements. The user earns tokens for their attention to advertisements, they are not being constantly tracked by malicious organizations, and the Brave browser blocks malware and protects users. Basic Attention Token is the most promising advertising blockchain project there is, and is truly the future of advertising.

Follow me @shredz7 and make sure to upvote! Resteem if you think your followers will like this! Comment on what cryptocurrency and/or subject I should talk about next, and tell me your thoughts on BAT! 👍

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Thanks very good post !!!!

Awesome Work!

Keep it up!!!

@cryptoinvestinfo

Thank you! I am trying to get attention, and am super happy for your support. Thanks for resteeming too!
:D