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Basic Attention Token (BAT) has a visionary purpose, but powerful nemeses

An overview of the ADA Ethereum token

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Basic Attention Token
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There are few cryptocurrencies more controversial than Basic Attention Token, the grandiloquent project from the creator of JavaScript and the co-founder of Mozilla and Firefox. Their purpose and functionality, as explained by their whitepaper, is totally convincing. Anyone reading will be promptly persuaded that current digital advertisement, while companies like Google and Facebook are making billions with it, is not that much efficacious. At least not a bit as much as the solution they present. Anyone who works with digital advertising knows that actual conversion (when the user goes through several steps and reach the end of the DA funnel: buying the product/service advertised) is an extremely rare phenomenon, which is becoming even more infrequent as more and more users are using ad blockers. To get around the ad blocker issue, some pages annoy their users with a giant pop-up asking for them to turn it off, or, frequently, just block the page for anyone using an ad blocker until they disable it.

Basic Attention Token was built on the Ethereum and uses the decentralized platform to automatically payback (with BATs, of course) users who pay attention to ads, based on their algorithm (which they claim is immune to fraud) to determine what “attention” is. Users decide whether they want to see ads or not, what kind of ads they are ok with showing up and publishers automatically get revenue as users pay attention to the advertisement they publish. And there are no middlemen to take a share of the revenue, no Google Ads or Facebook Ads, publishers get the whole lion’s share they deserve.

But there’s a catch...

For everything to function as the developers intended, users will have to adopt the browser they developed, called the Brave browser – and there’s the big plot twist. We can see how they can convince advertisers and publishers to use their application instead of the old ways of digital advertisement. But it will be meaningless if a significant amount of the users viewing the ad are not using the Brave browser. Regardless of the initial mistrust on the actual applicability of the token, some people seem really optimistical about the coin’s future and it rose to the 56º position in market cap.

The community seems divided regarding expectations toward the widespread use of BAT. It’s almost a consensus (and that seems pretty obvious) that their biggest challenge will be making people switch to Chrome or Safari (or even IE) to Brave Browser, although people are praising the application functionality and it may be really superior to the other browsers.

The mobile version, though, seems more feasible to be adopted than the desktop one, as people are more prone to actually install new apps and use on their mobile devices than on their desktops. It’s also faster and cheaper because, according to them (and this can be tested in any major website), the cost for downloading ads and trackers surpasses the costs for downloading actual content.

BAT has one of the biggest world-changing potentials in blockchain-technology, but it bets on too much to work. They have interesting partnerships which include a donation system and a bland referral program with YouTube content creators and Twitch streamers, which seems to be surprisingly working very well.  Their price dropped a fair amount (more than 50%) after a sudden huge rise earlier this year, it’s becoming stable (at higher than last year’s price). This could be due to a large number of tokens they are offering in their referral and donations programs (the YouTube million dollar giveaway program just finished two days ago), not to actual sudden generalized disinterest in BAT investing. This, obviously, will cause inflation.

All-in-all, they seem to be doing very good, with their last report (in January) announcing they had over 1 million monthly active users, which may probably have increased quite a bit after their partnership YouTube and Twitch programs, at the cost of the price depreciation. 2500 sites officially publish advertisement using the BAT system, including DuckDuckGo. While the price has seen a huge surge and fall earlier this year, it’s doing better than last year and will probably rise even more after the Twitch program ends, with userbase increasing considerably and inflation getting in check.

The market, so far

Source: https://coincheckup.com/coins/basic-attention-token/charts

As an investment, BAT Is highly debatable, and probably one of the riskier there are. There are investors going all-in that believe it will be the digital advertisement solution of the future, you can find many of them on their Reddit, etc. There is almost the same number of people that think they are aiming too high to be significant. They sure have a highly competent team which is working hard (and probably in the right way) to publicize the token. And there’s also the “people love getting free things” factor. Even if it is (and it currently really is) a very tiny amount of actual money, some people are just drawn to the “getting money for free” factor. On the other hand, they have a huge nemesis on their way which is the browser-dependent usability. And, of course, the fact that they are also literally competing with companies like Google and Facebook, which will probably not going to be very receptive to it. Anyway, BAT is certainly not going to be a niche token. It’s one you’ll be hearing about a lot in the early future. Or, unfortunately, not at all.

We will be updating our subscribers as soon as we know more. For the latest on BAT, sign up below!

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.

Image courtesy of Danie Ware via Flickr

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What Changes May the Crypto Space Experience in 2019

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crypto
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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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