Basic Attention Token

BAT Debuts on BSC as Wrapped Token

The Brave token was launched as an ERC-20 standard token. However, it can now be used on the BSC ecosystem as a wrapped token, which will make it possible for BAT holders to access BSC projects like PancakeSwap, BakerySwap, Beefy Finance, etc., through “numerous bridges that connect Ethereum and Binance Smart Chain.”

Also, Brave intends to preconfigure support for BSC on its browser wallet later this year to enable users to directly access the BSC services without having to download additional applications. In addition to that, Brave also plans to leverage the low transaction fee on the BSC network to enable scalable P2P tipping within its browser.

Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market. […] With wrapped BAT now available on BSC, we believe this is achievable.

Brendan Eich, CEO and co-founder of Brave

Brave now adds to the list of popular Ethereum platforms that have migrated to the BSC network for some reasons that include cheaper transaction fees.

BAT Monthly Users Surpass $3 Million

BAT is one cryptocurrency with fast-growing demand. It’s the utility token of Brave Browser, which sees over 25 million monthly active users (MAU). More than 3.8 million users transact with the cryptocurrency on a monthly basis.

BAT was trading at US$1.20 on Coingecko during press time. It soared by over 7% on the 24-hour count, following the announcement on Monday. Its market capital currently sits around US$1.7 billion.

Privacy web browser Brave are planning to build a Decentralized Exchange Aggregator which will enable its users to swap tokens using the browser.

The browser recently achieved more than 25 million monthly users, who can get rewards using the Basic Attention Token (BAT) and will now be able to receive further benefits, like discounts on transaction fees for BAT holders.

BAT Roadmap 2.0 — Brave Decentralized Exchange (DEX) announced: Discounts when using BAT for transaction fees, discounts for BAT holders, BAT utility for search engines; new Brave Wallet, and more https://t.co/bJULXmKQEQ
— BasicAttentionToken (@AttentionToken) February 23, 2021

New features of the Platform include:

A new, native Ethereum wallet implementation, replacing the existing Crypto Wallets in Brave.
Redesign of the current UI with UX designed to reduce friction among accounts.
Mobile as well as desktop support.
A JavaScript Ethereum Provider API (window.ethereum) supplied to web pages by default, without the need to install a separate extension.
Custom experiences for DeFi and NFT use-cases.
Options for buying crypto with fiat payment methods such as credit/debit cards, bank accounts, and smartphone wallets.

Benefits of BAT token holders include:

Discounts when utilizing BAT for paying transaction fees.
Discounts for users that hold BAT balances in their wallet.
Multi-chain support with many assets and blockchains.

One of our goals is to make tokens and crypto easy to use for all of our users. The custom DEX which we plan to explore could help achieve this goal by enabling users to exchange BAT and other assets at lower fees, and with better user interface and security, by being built into Brave.
Brendan Eich, Brave CEO and co-founder

Good News for BAT HODLers

Fans, holders and HODLers of the BAT token were rewarded with a recent price jump since the announcement.

source

Decentralized Web

The new features will be the first of any web browser and will provide a new “decentralized web” for Brave users, including:

BAT utility for search engines.
Use of BAT for e-commerce.
Use of BAT for VPN and various private communication platforms.
BAT rewards for content verified on IPNS.
Ability to use BAT for content pinning on IPFS (file sharing).

Take a look at the BAT Roadmap 2.0 for more information.