πŸ”₯ Basic Attention Token Forecast 2021: BAT course analysis

Basic Attention Token website

A problem advertisers are dealing with? Advertising is usually perceived as annoying - many users even work with ad blockers to avoid being constantly presented with advertising. In addition, too much advertising not only makes websites slower, they also look unattractive.

Basic Attention Token - in short: BAT - wants to remedy this. Visitors can send BAT to publishers for good content, but can also rent out advertising space for BAT or even bill them transparently, so that they know exactly how much the advertiser gets.

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What is Basic Attention Token?

BAT team

Basic Attention Token is a decentralized and transparent advertising platform for publishers. The advertising platform was on the Blockchain from Ethereum built up. Brendan Eich, co-founder of Mozilla Firefox and inventor of Javascript, is behind the project.

The BAT token, the in-house KryptowΓ€hrung, was created through an Initial Coin Offering carried out on May 31, 2017. At the crowdsale, 1 billion tokens from BAT were exchanged for ether - at that time, 6400 tokens were received from BAT for one ether.

BAT successes at a glance

A total of 1.500.000.000 BAT tokens are available. At the sale, 1 billion were distributed - 300 million for brave users and 200 million tokens for developers.

Due to the fact that the BAT token runs on the Ethereum blockchain, it is a so-called ERC20 token; if you want to send BAT tokens, you also have to Ether transaction fee pay.

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What do you need BAT for?

BAT functionality graphic

End users suffer from advertisements. Around 50 percent of the data volume is required for loading advertising such as trackers - actually wasted. Of course, this has an enormous impact on the loading times of a website, on the battery life of the laptop or smartphone and, of course, on user-friendliness. But not only end users suffer from it - also creatives like publishers. Google and Facebook take 73 percent for every US dollar earned - and then there are ad blockers, which then block advertising so that it cannot be remunerated at all. In the end, the advertiser even has to accept losses and losses.

BAT ecosystem explained

In the end, BAT is about finding a solution for all three parties. That is, the advertiser pays in BAT tokenin order to then get the advertising space like attention of the user; Creatives and publishers are paid in BAT and the visitor can also donate BAT tokens after visiting the website. In the end, the end user then receives BAT tokens when he looks at the advertisement.

BAT end-user privacy statement

The focus is on the following three points:

  • Privacy: Browser data as well as the history can be kept absolutely private. This means that the third-party trackers are automatically blocked and data that is important for target group determination never leaves the device.
  • Ads are improved: BAT recognizes whether the advertisement is suitable for the user or not - a decision is therefore made as to whether this is the right time for the advertisement.
  • End users have better experiences: Due to the fact that no code has to be loaded, this optimizes the loading times, so that the surfing behavior is faster.

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BAT and BAT Coin - are there any differences?

The Basic Attention Token is the name of the BAT blockchain. The BAT token, on the other hand, is the native means of exchange that is used for placing advertising (here by the advertiser), for consuming the advertising (here by the end user) and for renting advertising space (here by the publisher). The BAT token is the means of payment in the BAT network. There will be no other in the network KryptowΓ€hrung accepted.

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Who uses the BAT network?

BAT commercials partner

There are, so to speak, three key players in the BAT network: advertisers, publishers and end users.

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# Advertisers

Advertisers use the BAT network in order to be able to advertise to specific user groups. They have previously agreed to receive appropriate advertising. In order to be able to advertise, you have to pay with BAT tokens in the network.

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# Publisher

The publishers publish and monetize content. You rent or sell advertising space - payment is made, as already mentioned, by the advertiser. As they are participants in the BAT network, publishers are paid with BAT tokens.

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# End User

End users are Internet surfers who have agreed to use the Brave browser - they are also participants in the BAT network. With the browser, users are presented with organized advertising.

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What is the BAT Wallet?

BAT Wallets CoinMarketCap overview

Due to the fact that BAT is a classic ERC20 token that is based on the Ethereum blockchain, a Wallet required, which is just ERC20 compatible. There are some providers, so it is sometimes advisable to make a comparison in advance - also when it comes to which type of wallet you choose. Would you prefer to use a hot (i.e. one that is always available online) or Cold Wallet (offline) work?

By the way, if you only speculate on the price, you don't need a wallet. That is because there are then no coins that you own - speculation is only about whether or not Cryptocurrency price going up or down.

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Long term investing or short term speculation?

BAT Reddit Group

This is exactly why it is important to ask yourself in advance whether you want to invest long-term or increase monthly income with short-term speculations.

You want invest long term, so it is advisable to buy coins and keep them in the wallet. Coins can be purchased via marketplaces or crypto exchanges. Due to the fact that there are different providers here, it may be advisable to make a comparison in advance. This is the only way to find the right provider who offers Basic Attention Token or who pursues a fair fee model.

BAT CoinMarketCap Markets Overview

But if it is only a matter of speculating with the price, this is it Online broker service to claim something. In this case, you do not acquire coins, but primarily decide whether to open a "long position" or a "short position". Long means the price rises, short means that the price falls.

Due to the fact that the market is very volatile, one should only invest freely available money and be extra careful. Strong price fluctuations are possible again and again - if you correctly assess the market here, you can make high profits. But if you are wrong, then high losses are inevitable.

Libertex website

There are some providers that do this Trading with cryptocurrencies to offer. That is also the reason why you should make a broker comparison here in order to get the certainty that you have found the best provider for you. In the course of the comparison, it is important that you only use regulated brokers - this includes, among other things Libertex.

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Step 1: Register with Libertex

The registration is ultimately self-explanatory. Registration is complete after a few minutes. Due to the fact that the broker Libertex is a provider that primarily also appeal to beginners you don't have to worry about failing due to possible hurdles or even difficulties. Libertex has created a user-friendly interface here.

Create a Libertex account

The Online broker Libertex is a regulated provider by the Cyprus Securities and Exchange Commission. The so-called CYSEC is one of the strictest regulatory authorities. Ultimately, the provider must also comply with the same rules as a broker based in Germany or France, since Cyprus is also part of the European Union - EU. So you shouldn't believe that just because the provider is based in Cyprus, different or less strict rules apply here.

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Step 2: Deposit with PayPal, credit card or instant transfer 

Libertex deposit methods at a glance

Libertex provides various deposit methods so that you don't have to compromise here - ultimately you can say that the preferred deposit method certainly wants to be available. Libertex offers payment by credit card, bank transfer or via eWallets at. Depending on the payment option, the money is then available either immediately or after a few working days.

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‍Step 3: Buy and sell Basic Attention Token 

Libertex Mobile Trading Platform

As mentioned earlier, Libertex is a broker. That means that you can only speculate about Libertex with the price or the price development. Due to the fact that the crypto market is volatile, one should work with risk-reducing instruments in order not to have to incur excessive losses in the course of a misjudgment of the market.

Who by the way Buy coins wants, must use the services of an exchange or a crypto marketplace. However, you cannot bet on falling prices here - if you think the market is about to correct, it is advisable to speculate about the broker.

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Prognosis

The crypto market is completely unpredictable, so it is not that easy to find a Prognosis to create how things will or can go on. However, there are some analysts like experts who have been quite good in the past few days when it comes to the price various cryptocurrencies to predict.

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# Wallet investor

Wallet Investor website

Wallet Investor is a very popular and well-known website that specializes in technical analysis. It should be noted that Wallet Investor is relatively critical and pessimistic. This is also the reason why the experts assume that the price of the coin will fall in 2021 - at the moment the crypto currency is 0,75 US dollars (as of June 2, 2021).

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# Cryptoground

Cryptoground website

Cryptoground is more optimistic. It is believed that BAT could even pass the US dollar barrier again by the end of 2021. The all-time high was set on April 1, 9 - at that time the price was 2021 US dollars. In other words, jumping over the US dollar limit would not be new territory for BAT.

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# Digitalcoinprice

Digitalcoinprice website

Digitalcoinprice is also more of the view that BAT could be in the $ 1 area towards the end of the year.

But are particularly interesting long-term forecasts. Especially with a look at the price history of the Basic Attention Token. Because in recent years the price has always been between 0,13 US dollars and 0,25 US dollars - there have only rarely been any outliers, both upwards and downwards. With the strengthening of the Bitcoin and many other cryptocurrencies, the price of the Basic Attention Token also rose - to over 1,60 US dollars.

BAT price chart CoinMarketCap

According to a few experts, it may well be possible that the price of the cryptocurrency could go in the direction of 2025 US dollars by the year 80. Mainly because the crypto market itself is getting stronger.

If you look at the market capitalization, BAT is in 82nd place. The market capitalization is 1.124.602.288 US dollars.

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Our conclusion: What is the next step with BAT?

The Basic Attention Token may be particularly promising if you want to invest long-term. The price history and the forecasts that deal with the next few years clearly show that there is enough room for improvement here. Therefore we find at Bitcoin-News.onethat the Basic Attention Token is an interesting cryptocurrency that is currently at a very interesting price.

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Thomas Cormik

Thomas Cormik started out with the sole focus on educating his readers about Bitcoin and its potential impact on traditional financial systems. Thomas prides itself on bringing quality content to the masses under the Bitcoin-News.one banner.

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