eToro Basic Attention Token Trading

Basic Attention Token (BAT) is the native cryptocurrency of the decentralized lending platform and non-custodial money market protocol of the same name. As an Ethereum token, users use the Basic Attention Token protocol to partake as either borrowers or depositors.

Depositors of Basic Attention Token bring liquidity to the market and in turn, they got to earn an extra passive income wherein borrowers pay for a variable interest rate in exchange for the chance to borrow cryptocurrencies.

In this page, you can get a lot of useful information about BAT, how it works, and how you can trade it with the eToro online platform. In addition, there's a basic step-by-step guide which you should read before making any investments so keep reading this article for more details!

Already thinking of trading BAT with eToro?

If you're planning on investing or trading BAT then it would be simpler to click the button below. This will take you to the eToro BAT trading page where you can easily check the current price of this cryptocurrency and buy BAT of any value you plan to invest.

Before trading BAT on eToro, just simply open an account with them. Don't worry, the whole process will only take a few minutes.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

History of Basic Attention Token

The Basic Attention Token (BAT) was designed and created by Brendan Eich, co-founder of Mozilla and Firefox, to improve the security, impartiality, and competence of digital advertising. He first published the white paper for BAT on January 7, 2018. Brave's native token, the BAT is built on Ethereum (ETH) and is a part of the Brave web browser. Even though a beta version of the Brave browser is available for download as of 2021, the project is still being developed. As of latest figures, there are 36.2 million monthly active users and 12.5 million daily users of the Brave browser.

Importance of Basic Attention Token (BAT)?

BAT has discovered loopholes in modern ad-tech, which was theoretical expected to be already an established and efficient industry. Instead, modern advertising technology is itself besieged by problems. Several companies tried to change the ad-tech space for the better before the emergence of Brave's Basic Attention Token system.

Technology and digital advertising companies laid out many optimistic plans for both creators and users, as well as for advertisers. Unfortunately, they were not realized. There are many complexions present in the ad-tech ecosystem. In addition, issues such as user privacy, malware boom, and slow speeds further hampered the overall experience. The situation was bleak until he Basic Attention Token System made a real impact on the global ad-tech market by introducing an innovative process of accurate ads targeting and measuring user’s attention to ads.

How Does Basic Attention Token Work?

As an open source browser, Brave offers privacy and security by blocking all redundant ads and trackers by default using Brave Shields. It also measures user attention anonymously with a ledger system to improve advertising experiences. This accurate method of measurement ensures actual rewards on attention.

The Basic Attention Token supports a decentralized advertising exchange. It connects advertisers, publishers, and users in creating an efficient marketplace using smart contracts based on the Ethereum blockchain. With the help of blockchain technology, BAT has opened a new avenue in the world of advertising. It is called attention-based economics. They are on a quest to remove all forms of traditional advertising including middlemen channels.

How Publishers Earn by Using BAT?

The Basic Attention Token (BAT) system is designed so that every publisher gets paid proportionally to the amount of attention their ad generates from other users. Basic Attention Tokens will be then transacted with the Brave Ledger system. Users of Brave can donate anonymously to publishers using Bitcoin as an exchange using this Zero-Knowledge Proof scheme.

First, an advertiser's ad is displayed along with the content and attracts the user’s attention who finds the content relevant. The end user's browser calculates how long the user is viewing the ad. Because of this computation, both the end-user and publisher receive advertising tokens. A publisher can redeem some of the advertisement's tokens on a public exchange that generates income. This transaction takes place under the blockchain.

1. The BAT Tokens, which are ERC20 tokens, will be used by advertisers to pay publishers for showing their ads to website audience using the Brave browser.
2. BATs are also paid to users after they viewed the ads following a "user attention" monitoring process that occurs on the device where they are using the Brave browser.

These steps in distributing the BAT allow advertisers to achieve better ROI because of a more accurate ad targeting and incentive-based system on ads viewing.

BAT in a Nutshell

• The BAT is a blockchain-based system that follows and tracks the time spent and attention directed by media consumers on website ads using the Brave web browser.
• The main goal is for website audience to only experience fewer but more tailored to their respective interests without surrendering their data privacy rights.
• The BAT is built on Ethereum, and aims to distribute advertising money efficiently to publishers, advertisers and the audience of website ads and marketing content.

BAT in Circulation

As of , BAT has a circulating supply of 1.49 billion which covers 99% of its total supply of 1.50 billion BAT.

Trading and Investing on BAT

BAT can be purchased and invested in through a broker or a trading platform. Trading platform apps like eToro are especially useful for newbie traders looking to invest in cryptocurrencies.

It is a great place to start since it offers a straightforward interface that allows for a seamless trading by clicking of a few buttons.

How to Trade BAT on eToro?

1. On your eToro dashboard, click "Discover".

   

2. Select "Crypto".

   

3. Scroll down to look for "BAT".

   

4. Click "Buy" and set the amount you want to invest.

   

5. "Click "Open Trade".

The eToro Wallet for Storing BAT

Another crypto solution that is offered by eToro for its users is its secured crypto wallet called the eToro Wallet. You can download this for free on Android or iOS.

This highly secure and accessible multi-cryptocurrency digital wallet can store over 120 cryptocurrencies, including BAT. In addition, you will be able to buy, store, receive and transfer all your cryptocurrency effortlessly.

BAT Price

BAT’s current price is with a 52-week range of $. It has a total market cap of and a volume of .

Reminder: Cryptocurrencies are highly volatile and its prices are rapidly changing so this may not be the exact value.

Is BAT a Good Investment?

With a team of savvy technology geniuses, there is no doubt as to if it has what it takes, but as to a question of when Basic Attention Token (BAT) will disrupt digital advertising for the better. It is quite o early to tell, but when it finally does, it could genuinely be one of the most groundbreaking projects to date attracting more users and also driving its crypto value higher.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.