Brave, the privacy browser’s Basic Attention Token (BAT) is going to be available for Trading on Gemini cryptocurrency exchange starting from April 24.
The updates have announced via Gemini official blog post on April 6.
Brave has become momentarily popular as a rival to Google Chrome. On March 16, the platform has filed a formal GDPR complaint against Google for infringing Article 5(1)b of the GDPR which shows the “purpose limitation” principle.
Brave’s signature token BAT has built on Ethereum blockchain. Being a utility token, it helps the users, publishers, advertisers, and the content creators to send and exchange cryptocurrencies amongst each other.
People can buy e-books, mp3s, apps, games, etc. at a BAT store in a way like the iTunes store does.
As per crypto data tracker, CoinGecko, BAT has a total market capitalization of $238,874,771, trading at $0.164268, at the press time.
BAT’s Whitepaper explained the token is a blockchain-based digital advertising model:
“Digital advertising is broken. And, the advertising concept has filled with “middleman” ad exchanges, audience segmentation, complicated behavioural and cross-device user tracking methods, and opaque cross-party sharing through data management platforms.”
“Traditional publishers have lost approximately 66% of their revenue over the past decade, adjusted for inflation. Publishers face falling revenue, users feel increasingly violated, and advertisers’ ability to assess effectiveness has diminished.“
“Brave’s BAT token is a solution to all the issues. BAT intends to solve the problems of unprecedented levels of malvertisements and privacy violations. The project is a decentralized, transparent digital ad exchange based on Blockchain.“
BAT by Brave is Ready for Trade on Gemini
Reportedly, users would be able to deposit BAT into their Gemini account from April 24 at 9:30 AM EST, with trading to start “after that.”
The blog post mentioned that “BAT deposits to existing Gemini Ethereum addresses are not supported.” The users have to create a new Ethereum deposit address by logging into Gemini portal and proceed to the Transfer page.
So far, Gemini has listed bitcoin, ether, bitcoin cash, litecoin, and Zcash. BAT is the sixth digital asset to be available for trading on the industry-leading security-focused crypto trading platform, which has earned an honour “Best in crypto Choice Award 2019).
“Invest with confidence using the first exchange and custodian to complete the SOC 2 Type 2 security examination,” Gemini claims.
Further, it has informed, people can also earn BAT “by participating in specific activities — for example, opting into viewing ads Brave normally blocks.”
The blog reads:
Brave Browser Report Shows Uptick Growth, Not effected By Covid-19 pandemic
The covid-19 pandemic has shown a crunching impact on the Global equity markets. The traditional markets are in shock; however, cryptocurrency exchanges and various other related platforms have appeared to be unaffected.
Brave is one of those platforms which has seen a spike in its new users. Reportedly, over I million users have registered in the browser, as a new user, during March. Das Martin, Marketing Head, @Brave tweeted–
During 2017 initial coin offering period, Brave sold $35 million worth of BAT in less than a minute and won the users trusts, as the price is affordable and the mechanism of the platform is compelling, secure platform.
Due to self-quarantine and economic slowdown, people are exploring additional financial support for their livelihood.
Though Brave’s tallied success isn’t the result of the covid-19 outbreak, Brave browser has earned respect because of its “User Privacy Blockchain-based” model.