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
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.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
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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%.
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Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…