Brave Browser Accused of Withholding BAT Tokens over Unfounded Allegations of Fraud
The topic about Brave withholding BAT token just recently popped up on r/cryptocurrency, which is the biggest subreddit on crypto. A user claims that he raised an issue with Brave and he was awarded some BAT tokens. He went on to claim that the subreddit for BAT was locked when he raised the issue as a move to censor and control the damage.
The Issue According To The Redditor
The Brave browser and BAT tokens are supposed to revolutionize the internet. In essence, users will be paid when they watch ads. This will allow visitors to a site to tip crypto for content that they like.
He went on to explain that he liked this concept and thus create badges as a way to promote Brave. The badges would make it easy to ask a user to download the browser and then promote them on their site.
Someone liked the idea and he was tipped a few hundred BAT tokens. However, Brave intervened and claimed it was fraud. As a result, they canceled the account and accused him of being a fraudster. In the appeal, he claims he was told to show that he did fraud the contributions. However, that was impossible.
Why This Happens
Brave has control over the account that holds the BAT tokens earned by being a publisher or watching ads. With Brave, users get an Uphold account for BAT tokens and a user account. While the tokens are in the wallet, the BAT team has total oversight over them. In the end, they will decentralize to a transparent public chain where confiscations will not be possible.
The BAT token is an Ethereum-based digital advertising token. It is an important element for the creation of an ad exchange where publishers, advertisers, and users are connected in a decentralized way. The token is denominated by user attention while getting rid of economic and social costs of the existing ad network.
BAT will be a unit of exchange that cuts out the middlemen. With the tokens, the system protects and rewards users while ensuring advertiser get better conversions. Besides that, publishers get higher yields.
How Users Earn
Users are paid in BAT when they spend attention on ads. Publishers get most of the ad revenue and advertisers spend on ads with higher ROI. Besides that, they get data that is more reliable to advertise.
The BAT system also has a web browser to ensure proper function. The browser is working great and has an in-house development team. It already boasts of a monthly user base of a million people.
The Other Side Of The Story
Another Redditor had some counter-arguments. He said that when a user opts to get ads, they get some free ads, which they can tip sites and creators. However, someone could abuse the system by installing Brave on various devices. They could then tip themselves with the entire BAT. He made it clear that Brave might consider that fraud. However, he did not clarify that it was what had happened.