The Basic Attention Token (BAT), it is the token which comes with a new blockchain-based digital advertising platform. Basic Attention Token launched in 2017 and it is founded by two founders namely Brendan Eich and Brian Bondy. The BAT website lists 16 team members, who are having the background of development, engineering or research background. The primary function of the Basic Attention Token is a payment token for running the advertisement campaigns through Brave Ads. BAT is an ERC-20 token, it is built on Ethereum blockchain and it is secured by the tested proof of work (POW) algorithm supported by an extensive Ethereum miner network.
The total supply of Basic Attention Token is 1.5 billion and circulating supply is 1,491,567,763 BAT with a Market Cap of $302,396,736 USD. The total supply of BAT cannot be increased by without switching to a new smart contract and its supply is in current circulation so it is fully diluted. In 2017, an absolute stockpile of 1 billion BAT was offered to the speculators and the excess 200 million tokens was offered to an improvement pool, and 300 million
BAT was reserved for the user growth pool. You can exchange BAT on the different cryptocurrency exchange platforms like Binance, Coinbase Pro, and Huobi Global. BAT can also be purchased directly using fiat currency.
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