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The Basic Attention (BAT) cryptocurrency: Token's price and market development

Basic Attention Token (BAT) offers an alternative to centralised digital advertising, which is susceptible to inefficiencies caused by intermediaries, trackers, and fraud. The project aims to enable decentralised and transparent digital advertising exchanges on the Ethereum blockchain. Instead of a coin, the Basic Attention (BAT) cryptocurrency uses a token for transactions.

The total supply of Basic Attention Tokens is 1.5 billion BAT tokens, with almost all of them currently in circulation. In 2017, one billion BAT tokens were sold to investors during the Initial Coin Offering (ICO). A development pool received 200 million of the remaining tokens, and the remaining 300 million BAT tokens were reserved for a user growth pool, which aimed to incentivize participation in the BAT ecosystem and reward early adopters. Once the user growth pool is depleted, no new tokens will be created.

The Ethereum blockchain serves as the foundation for the Basic Attention Token (BAT). BAT was created as an Ethereum-based ERC-20 token and utilises the Ethereum blockchain as its primary infrastructure. This has helped raise awareness and usage of BAT, reflecting positively in its price.

Basic Attention Token (BAT) price: Milestones and significant events

The price history of the Basic Attention Token (BAT) has been highly volatile since its introduction in 2017. In January 2018, the BAT price reached its first peak at nearly $0.90 per token before experiencing a significant decline alongside the general crypto crisis affecting other cryptocurrencies.

Since then, the token's price has recovered and continued to rise. In April 2021, the BAT price reached a provisional all-time high of nearly $1.50 per token. This price surge was driven by a combination of factors, including the integration of BAT into the Brave Browser, the release of new features like the Brave Wallet, and the growing acceptance of cryptocurrencies in general.

In the following months, the BAT token price fluctuated again, dropping below $0.50 per token in June 2021. However, the BAT price recovered and reached its previous all-time high in November 2021, reaching $1.92 per token, following the crypto boom trend seen with many coins and tokens.

Subsequently, like many other coins and tokens, the BAT price experienced a harsh crypto winter characterised by falling prices on crypto exchanges due to several factors such as the crypto ban in China and the conflict in Ukraine. As of February 2023, the current market capitalization of the BAT token is over $460 million.

The most important events and milestones for the BAT cryptocurrency so far are as follows:

  • 2017: Launch
  • July 2017: $0.06621 per BAT (all-time low)
  • November 2021: $1.92 per BAT (all-time high)
  • February 2023: $0.31 per BAT

Announcement of the Brave Browser Influences BAT Price

The announcement of the Brave Browser had a positive impact on the price of the Basic Attention Token (BAT). Brave is a web-based browser focused on privacy and ad-blocking, and it has integrated the Basic Attention Token as a key element of its system.

The integration of the BAT cryptocurrency into the Brave Browser has helped increase the awareness and usage of BAT, resulting in higher demand and a higher price. Brave Browser users can receive Basic Attention Tokens as a reward for their attention when they agree to view ads or participate in surveys.

Strong Partnerships Strengthen BAT Price

One of the most significant partnerships that influenced BAT was the collaboration with Uphold. Through this partnership, BAT could be bought and sold with a variety of fiat currencies, increasing liquidity and supporting the price.

Another important partnership was the collaboration with TAP Network. Through this partnership, users could redeem BAT tokens for various rewards such as hotel bookings, flight tickets, and other products and services. This increased the demand for BAT and helped support its price.

The partnership with Gemini, one of the most well-known crypto exchanges, allowed users to trade BAT with US dollars, increasing liquidity and supporting the acceptance of BAT. Additionally, since 2020, the collaboration with BitFlyer, one of the largest crypto exchanges in Japan, enabled users to buy and sell BAT, further positively influencing the BAT price.

Announcement of the Brave Browser Influences BAT Price

The announcement of the Brave Browser had a positive impact on the price of the Basic Attention Token (BAT). Brave is a web-based browser focused on privacy and ad-blocking, and it has integrated the Basic Attention Token as a key element of its system.

The integration of the BAT cryptocurrency into the Brave Browser has helped increase the awareness and usage of BAT, resulting in higher demand and a higher price. Brave Browser users can receive Basic Attention Tokens as a reward for their attention when they agree to view ads or participate in surveys.

Strong Partnerships Strengthen BAT Price

One of the most significant partnerships that influenced BAT was the collaboration with Uphold. Through this partnership, BAT could be bought and sold with a variety of fiat currencies, increasing liquidity and supporting the price.

Another important partnership was the collaboration with TAP Network. Through this partnership, users could redeem BAT tokens for various rewards such as hotel bookings, flight tickets, and other products and services. This increased the demand for BAT and helped support its price.

The partnership with Gemini, one of the most well-known crypto exchanges, allowed users to trade BAT with US dollars, increasing liquidity and supporting the acceptance of BAT. Additionally, since 2020, the collaboration with BitFlyer, one of the largest crypto exchanges in Japan, enabled users to buy and sell BAT, further positively influencing the BAT price.

Basic Attention Token market stats

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