Basic Attention Token
Basic Attention Token (BAT) is an ERC20 token built on top of Ethereum. It is an amazing concept that is founded by Brendan Eich (creator of Javascript and Co-founder of Mozilla and Firefox) and Brian Bondy(previously Khan Academy, Mozilla, and Evernote) and backed by many other amazing people like Ankur Nandwani and Angel Investor Greg Badros.
How does the ecosystem work?
This is a concept for advertisers. In the ecosystem, advertisers will give publishers BAT coins based on the user's attention level and users will also receive BAT coins in order to participate. This is a way for advertisers to get better data and find ways to increase performance based on your data. This system will be implemented on the Brave browser(currently available for iOS and Andriod) and users will have the ability to turn on this feature. They promise that they will measure user attention level anonymously. In conclusion, "It pays publishers for their content, and users for their attention and provides advertisers with more return for their ads."
What amount of coins is being sold?
They are targeting a cap of 1.5 billion tokens and sale proceeds of as much as $24 million
When do I buy?
The sale will begin on Wednesday, May 31, 2017, at 3 pm GMT. The sale will last up to 30 days or until the cap of the equivalent $24 million in ETH is sold.
How do I buy?
ETH only.
To find out more visit ('https://basicattentiontoken.org/')
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It would be great to hear a follow up to this post, I heard they sold out in 24 seconds and generated $35 million? Is that true?
It did really well according to what I have read but the actual coin value has started going down, it's usually what happens after every new coin is launched, So I guess we will just have to wait and see if they can bring it stable. I think it is worth more than $.18 per token only if they can rack up enough support. Keep on the look out as I may post an update : ) Thanks
Good points in this post. Really appreciate you bring this to our attention. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? I found this great website: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. See: https://www.coincheckup.com/coins/Basic Attention Token#analysis To watch Basic Attention Token Analysis