DD: Basic Attention Token (BAT)
I posted this as a reply to another thread, but it pains me to see Blinders new to crypto chasing animal coins or creating their own pump and dump schemes, or not knowing where to invest in market corrections. I've been in crypto since '16 and during the last bullrun did a TON of research on cryptos, settling on only a few. Some of those I researched turned into vaporware or never returned to ATH previously reached. Below is (not comprehensive) info on one of my favorite cryptos, Basic Attention Token (BAT). If you are willing to buy and hold for at least a couple of years, I believe you will be happy you did. DYOR and this is not investment advice. ---- BAT (reddit.com/r/batproject) - crypto underpinning the brave browser, part of an ecosystem that includes content creators (YouTube, etc), advertisers, and users - rewards users for their attention - capped supply (1.5 bn) - growth of brave browser increases buying demand of token (25 million users, projecting 50 EOY) - tied to privacy first browser so I can get behind the mission - real company with legit team, founder created java script and mozilla (brave.com/careers) - building their own search engine - building a video/media aggregation engine (watch videos with no ads or allow 2-3 ads an hour and get paid in BAT) - working on their own DEX - roadmap includes simplified defi and wallet for the average person - bat can already be used for transactions in video games/physical products - you can use BAT you earn by browsing to reward content creators - the team has been focused from day 1 on not getting in any sort of compliance issues, by not doing scammy pump tactics like Justin Sun (TRX), animal coins, Elon etc - team is building fractional bat rewards/tips into browser, so even when it moons the ecosystem remains same - one of the most stable coins in terms of price fluctuations (means it won't tank to 0 like shitcoins) - more info here: https://brave.com/bat-roadmap-2-0/ I've been accumulating BAT for years, and will continue to do so. It's around $.83 per token rn, the market cap of BAT is only 1.28 bn, rank 73. I and many others believe it will 40x, which would only put it at top 35 compared to some of the absolute shitcoins with wayyyy more supply being above it. I only hold 4 coins: BTC, ETH, LTC, and BAT, and it would take a lot of convincing for me to get behind any other project. Thanks for reading my blog post #crypto #bat
I've got about $400 of BAT just from using brave. I setup automatic monthly donations to my own website. Not much but why not
$400?? Whoa I've gotta commit more. I started ignoring it.
You have to set up something??
Brave is great even if you don’t hold BAT. Might be worth it to hold just cause you get paid for simply browsing the web if you use Brave Rewards
in crypto since 2016 and you are holding LTC 🤣
Yes I know. It's my least favorite. But high visibility, visa partnership, actually usable and quick versus how Eth and BTC can get clogged, "silver to bitcoin gold", name recognition etc. I only plan on holding till $1,000 or when ltc/btc ratio improves enough to move it over to BTC
Lol, the jokes on you if you’re laughing at LTC. @jukes
To the 🌝!
“It’d take a lot of convincing for me to get behind any other project” Depends on what you value. Return on investment or value in the project or both. Cardano, HBAR, DOT etc are fantastic projects. Probably needs least convincing, if you’re sold on BAT.
Hbar >>> ada
Cardano has 32bn supply and the creator does a lot of sketchy shilling on Twitter that puts me off. Will look into others I've heard of them.
Bitcoin
Also - advertisers need to buy bat in order to advertise on brave browser, ad spend has been growing every month for the last year. Right now only large accounts are able to buy ads by working with an account manager. Soon they will allow for self serve ads. Self serve ads = millions of dollars in ad spend from dropshippers who want to differentiate or spend their crypto so they don’t have to pay tax. BAT is a no brainer
Thanks I forgot about that. I think brave bought $1.3 million last month, versus $100k month last year. Isn't that reflective of the ad buys?
Yep. Growth is incredible
I forgot the THEMIS initiative, which is something I didn't quite understand until I just read this comment: "Digital ad business is a $330 billion dollar industry with majority going to Google and Facebook. They charge advertisers money based on how many people have seen the ads. This number, computed by Google/FB, is fraught with fake views and clicks. As the company paying, you don't have much choice but to believe and pay whatever Google/FB is billing you. Brave is trying to change that. Currently, it's doing the calculation on Brave's servers (similar to Google/FB) but its always been their goal to leverage the public and immutable (non changing, transparent) ethereum blockchain. It can't easily do this because ethereum tx is expensive and slow. Given Brave's already huge user base (by blockchain standard), they need one of the L2 implementations for lower cost and faster speed. This event was to ask various L2 implementations to offer their design to solve Brave's problem. The end goal here is that advertisers and users for rewards can verify metrics (e.g. views, click through rates) on their own without having to take Brave's word for it which is a huge upgrade over Google/FB. A trusting system will attract more advertisers and users. In addition, by stamping out the protocol, in the future, another browser or app interested in displaying ads and rewarding users in BAT could leverage the same system."
You're right about liquidity and volume. 99% of most coins will have people who have paper gains but are unable to exercise.
Have been holding bat from 2018 it is still the same
Same.