The platform was created in collaboration with the Brave browser. BAT is the backbone of the economy of the new browser because it is an electronic payment system that improves the process of monetization of content for creators and users of internet advertising through the advice of loyal fans.
The Basic Attention Token marker reads people’s attention as part of the payment that the browser distributes based on the surfing business model. This new currency has several uses.
For those who want to advertise on Brave, the token can be used to purchase advertising space and attract the attention of other users. In this particular model, the founders receive advertising revenue in the same tokens.
Other currencies can replace coins, and in fact, Brave pays users for views. Instead of targeted advertisements that appear when browsing other browsers, Brave uses its ads that target an anonymous aggregate of their user base.
Basic Attention Token is one of the few cryptocurrencies with a legal use case and availability of a working product. The main percentage of the functionality of the coin is predetermined only by the attention and involvement of the user in the content. The more users view ads, the more coins they get.
The currency can be used not only when collaborating with Brave, but also with other web browsers. In 2017, all tokens were sold out in 24 seconds, thus making about $35 million.
What influences the price
BAT is not a cryptocurrency in the full sense of the word. By its nature, the coin is closer to fiat money because it is used as a universal equivalent for exchange within a system.
But behind the complicated wording lies the main advantage of the coin. The only thing that affects it is demand. Neither news, nor political decisions, nor whatsoever, are yet able to influence Basic Attention Token.
Traders will be interested to know that the coin volatility is very high. The time interval between the peaks is about 25 days. This is because the coin is actively being used when ordering advertising campaigns in Brave.
To successfully trade a token, a trader needs to concentrate only on this type of cryptocurrency and conduct his analysis of the trends inherent in the Brave system.
A clear understanding of when and how much money the participants of the system will spend on advertising and ordering services will allow the trader to act on time and put up futures for the sale or purchase of an asset.
The quotation chart demonstrates incredible stability. From 2017 to 2019, there were seven pumps when the currency rose in price by 100-150%. On shorter distances, it can also be traced that the volatility of BAT is consistently high and does not repeat any of the other cryptocurrency charts.
For beginners, this is the right choice, since the mechanism of coin operation is quite understandable and open to logical prediction. Experienced investors who prefer to trade futures will also be able to make a good profit from trading.
With the market stagnation, which lasted from October 2018 to May 2019, Basic Attention Token was the only primary cryptocurrency that continued to bring in dividends from trading.