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5 Reasons Why BAT is A Good Investment

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BAT

In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by choice. When that happens, you get rewarded for participation with BAT tokens, which you can spend later on.

In the end, the project cuts out the middleman in the process of advertising, which is usually a large company such as Facebook, Google, and alike.

2. An established web browser — Brave

While BAT is a project that received a lot of attention, the fact that it comes already integrated into a functioning web browser called Brave Browser is certainly helping. Brave is a browser that was launched in January 2016, and it has millions of users already. Considering that BAT did not arrive before May 2017, this gave Brave over a year to establish a presence, which is exactly what it did.

The browser is gaining popularity fast, and it surpassed 3 million users in July of this year. It is fast, open-source, it blocks ads, keeps users’ privacy private, and rewards them for participating in advertising. In addition, it is available for Mac, Linux, Windows, as well as iOS and Android.

3. Partnerships

In less than three years that the browser exists, it managed to make some pretty important partnerships. The first big one was with DuckDuckGo, a known search engine that is one of Google’s rivals, in December 2017. After that, BAT announced a new partnership with Dow Jones Media Group in April 2018. The goal of this partnership is to allow users easy access to premium content, as well as to test payments done via blockchain.

Only a month later, in May, Brave partnered up with TownSquare Media. The partnership was made in order to test the use of BAT platforms for payments even further, as well as to re-engage ad-blocking users. In the meanwhile, BAT works with over 400,000 wallets, 11,000 YouTube channels with 180 million subscribers in total, and is always looking for additional publishers, creators, and features.

4. BAT was listed on Coinbase

Everyone familiar with the crypto space knows that Coinbase is one of the exchanges that most cryptos would do anything to get listed on. Unfortunately, the exchange was always quite picky when it comes to accepting coins, and it only ever listed a handful of them. In early 2018, they announced that this will change soon, and throughout the year, the exchange expressed interest in numerous altcoins.

Of course, all of them needed to be properly researched first. Coinbase needed to confirm that they are safe and a good project that will actually attract investors. While the exchange ended up researching and considering a lot of coins, most of them are still in the air. However, BAT is among the first ones to actually get listed. The adoption was done quite recently, but it still did happen, which means that BAT managed to pass Coinbase’s strict inspection. Many believe that the fact that this coin is good enough for Coinbase has to mean that it is good enough for everyone else.

5. Coin’s performance

BAT is a coin that attracted attention as soon as it came out. It is an Ethereum-based token which managed to generate over $35 million and was initially sold within 30 seconds. On its first day, it became the 25th largest coin by market cap, and it is close to that position to this very day. Right now, it holds the 29th place, although many believe that it will rise up on the list in due time.

Its current price is still relatively low, at $0.213304 per coin. However, it should be noted that the coin managed to survive the bear market of 2018, and the mentioned price and rank are after suffering bear attacks for the most part of the year. All in all, the coin was doing rather well ever since its ICO, and the goal of the project is not something that will become obsolete anytime soon. Because of that, BAT is one of only a handful of altcoins from outside of top 10 that you can safely invest in, knowing that it is the right move to make.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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