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UpBots Academy – Know your coins- BAT - Last week we reviewed the case of LINK, which among other things allows real-world information to be passed onto the blockchain by means of oracles. This week we're going to look at a slightly different project, more focused on privacy and fairer advertising, Basic Attention Token.

UpBots Academy – Know your coins: BAT

Last week we reviewed the case of LINK, which among other things allows real-world information to be passed onto the blockchain by means of oracles. This week we’re going to look at a slightly different project, more focused on privacy and fairer advertising, Basic Attention Token.

Creation

As said above, Basic Attention Token is a project that focuses on online advertising and was created by a well-known person in the tech world: Brendan Eich. Indeed, we owe him the Javascript language and he co-founded Mozilla, no less!

BAT was created to remedy the problems of the advertising sector on the Internet! More and more Internet users are educated on the subject and use a lot of ad blockers. The content creators have more and more difficulty monetizing their content, it is in a state of mind of change and justice that BAT was born.

Usage

Currently, the only web browser that allows Basic Attention Token to work is the Brave browser, created by the BAT development team.

Using smart contracts based on the Ethereum blockchain, advertisers, after tying up BAT tokens, can show ads to Brave users. Each time a person views the ad, a portion of the BAT tokens is unlocked and distributed as follows:

– A percentage goes to the users who watched the ad.

– The Brave browser takes a portion.

– The person who created the content also gets a percentage.

It’s a win-win system, users who don’t want to watch online ads can do so, and those who want to watch targeted ads for a BAT reward can do so as well. This allows content creators to earn more money by monetizing more efficiently and provides more accurate statistics to advertisers.

Brave Wallet

The Brave Wallet has existed in its current version since November 2021. Previously, the browser-integrated crypto wallet Brave was a fork of MetaMask. Now, this Web3 wallet has similarities with MetaMask in its operation, such as compatibility with hardware wallets (Trezor and Ledger) and the Ethereum Virtual Machine (EVM).

Its goal is to allow you to store cryptocurrencies, but also to buy them, swap tokens, and connect to decentralized applications.

Technical Analysis

From a technical perspective, BAT is currently trading in a major support zone, at levels not seen since the beginning of 2021.

The indicators on a 3-day time horizon are of course negative and nothing shows an improvement in the short term.

Before doing anything, we have to wait and see how prices react in this support area.

UpBots Academy – Know your coins: BAT

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Conclusion

And here is another new coin that no longer holds any secrets for you! This one was a different project in comparison with all the others we covered in this series. Next week, we will discuss another very interesting project, once again Dapps and NFTs focused, Solar. See you next week!

 

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