What Is Basic Attention Token (BAT)?
Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.
To learn more about this project, check out our deep dive of Basic Attention Token.
This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.
The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users – whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.
Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.
As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.
Who Are the Founders of Basic Attention Token?
Basic Attention Token has two founders: Brendan Eich and Brian Bondy – two highly distinguished individuals in the internet browsing software industry.
Likewise, Brian Bondy joins as Brave’s and Basic Attention Token’s CTO. Bondy is a heavily experienced engineer with previous experience working as a senior software engineer at Mozilla, software developer at Corel Corporation and software development lead at Khan Academy. Together, Eich and Bondy have a combined 50+ years of software development experience.
In total, the Basic Attention Token website lists 16 team members, many of whom have a development, engineering or research background.
Basic Attention Token Price Prediction
If you’re looking for Basic Attention Token price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Basic Attention Token (BAT) will go in the future? We will analyze the past prices of Basic Attention Token (BAT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
Basic Attention Token Overview
|Coin Name||Basic Attention Token|
|USD Price||$ 0.67|
|24h Volume||$ 91,464,953|
Basic Attention Token (BAT) Price Prediction
At reconshell.com we predict future Basic Attention Token price predictions/BAT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Basic Attention Token. We do our best to collect maximum historical data for the BAT coin which include multiple parameters like past price, Basic Attention Token marketcap, Basic Attention Token volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Basic Attention Token Price Prediction 2022
According to our deep technical analysis on past price data of BAT, In 2022 the price of Basic Attention Token is predicted to reach at a minimum level of $0.93. The BAT price can reach a maximum level of $1.16 with the average trading price of $0.96.
Basic Attention Token Price Prediction 2023
The price of Basic Attention Token is predicted to reach at a minimum level of $1.38 in 2023. The Basic Attention Token price can reach a maximum level of $1.64 with the average price of $1.42 throughout 2023.
BAT Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Basic Attention Token is predicted to reach at a minimum level of $1.96. The BAT price can reach a maximum level of $2.37 with the average trading price of $2.03.
The price of 1 Basic Attention Token is expected to reach at a minimum level of $2.88 in 2025. The BAT price can reach a maximum level of $3.40 with the average price of $2.98 throughout 2025.
Basic Attention Token Price Prediction 2026
Basic Attention Token price is forecast to reach a lowest possible level of $4.16 in 2026. As per our findings, the BAT price could reach a maximum possible level of $5.07 with the average forecast price of $4.28.
Basic Attention Token Price Prediction 2027
According to our deep technical analysis on past price data of BAT, In 2027 the price of Basic Attention Token is forecasted to be at around a minimum value of $5.95. The Basic Attention Token price value can reach a maximum of $7.22 with the average trading value of $6.16 in USD.
Basic Attention Token (BAT) Price Prediction 2028
The price of Basic Attention Token is predicted to reach at a minimum value of $8.88 in 2028. The Basic Attention Token price could reach a maximum value of $10.55 with the average trading price of $9.13 throughout 2028.
Basic Attention Token Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Basic Attention Token is expected to reach at a minimum price value of $12.81. The BAT price can reach a maximum price value of $15.34 with the average value of $13.26.
Basic Attention Token (BAT) Price Prediction 2030
The price of Basic Attention Token is predicted to reach at a minimum value of $18.61 in 2030. The Basic Attention Token price could reach a maximum value of $22.19 with the average trading price of $19.27 throughout 2030.
Basic Attention Token Price Prediction 2031
Basic Attention Token price is forecast to reach a lowest possible level of $27.78 in 2031. As per our findings, the BAT price could reach a maximum possible level of $32.77 with the average forecast price of $28.55.
What Makes Basic Attention Token Unique?
The primary use case for the Basic Attention Token is as a payment token for running advertising campaigns through Brave Ads. As of November 2020, advertisers must commit to a minimum ad spend of $2,500 per month to be able to launch their campaign, but a self-serve platform with potentially lower limits is currently in the pipeline.
Currently, this advertising budget must be paid entirely in Basic Attention Tokens, which advertisers can acquire from a variety of third-party exchange platforms. Out of this, Brave takes a small commission, and the rest is distributed to publishers and users.
One of the main distinguishing features about Basic Attention Token and the Brave Browser ecosystem is the capacity to reward (tip) users who are not yet part of the network – this includes both websites and individual Twitter users. These users can then securely register to the platform to collect any tips they have accumulated.
Both Basic Attention Token and Brave Browser have achieved significant user uptake since their launch. As of October 2020, Brave Browser has a total of 20.5 million active monthly users, whereas the Basic Attention Token is now held by a total of more than 368,000 unique wallets.
How Many Basic Attention Token (BAT) Coins Are There in Circulation?
Basic Attention Token has a maximum total supply of 1.5 billion tokens. This cannot be increased without switching to a new token smart contract.
Almost all of this supply is in current circulation. As a result, Basic Attention Token can be considered almost fully diluted.
In its 2017 ICO, a total of 1 billion BAT tokens were sold to investors, whereas the remaining 200 million tokens were locked in a development pool, and 300 million BAT was reserved for the user growth pool (UGP). As of November 2020, both the development pool and UGP pool addresses are nearly empty.
How Is the Basic Attention Token Network Secured?
Basic Network Token (BAT) is an ERC-20 token. As such, it is built on the Ethereum blockchain. Like any ERC-20 token, BAT is secured by a rigorously tested proof-of-work (POW) consensus algorithm supported by an extensive Ethereum miner network.
This consensus algorithm ensures only valid transactions are confirmed, while the combined work of the Ethereum mining network ensures BAT transactions are essentially irreversible once confirmed.
Where Can You Buy Basic Attention Token (BAT)?
Basic Attention Token can currently be traded on the majority of popular cryptocurrency exchange platforms, and currently has excellent liquidity. Binance, Coinbase Pro and Huobi Global count among the most reputable exchanges for BAT trades.
Like many cryptocurrencies, BAT can be purchased directly using fiat at a variety of brokers or can be traded against fiat assets on platforms like Kraken and Bithumb.