Gemini To Add Sixth Crypto To Exchange; Brave's BAT Opens For Trading on April 24th

The famous New York-based cryptocurrency exchange Gemini is going to add the Basic Attention Token (BAT) on Friday, April 24, says a statement.

The trading of the token is going to begin at 9:30 am ET, on the same day. BAT will be tradeable against Bitcoin (BTC), Ethereum (ETH) and the US dollar. Back in September 2019, Gemini created its institutional-grade platform for custody services and started with 18 cryptocurrencies, amongst which the BAT was included.

What Is BAT?

BAT is Brave browser’s native currency. Brave is a Chromium privacy-first browser that gives its users the ability to choose what ads they’re viewing and the opportunity to earn tokens for looking at ads. At the same time, it lets them tip websites in crypto. What’s also great about is that it keeps identities and personal data protected. BAT commodifies the attention of users.

The distributed ledger on which it's built collects accurate data on what ads are going on and their effectiveness. When knowing all this, advertisers become more able to create very efficient marketing campaigns at lower costs. BAT can also be used to pay content publishers for their ad space, and users for the ads they have watched or clicked on.

What Makes BAT So Special?

BAT is a special token because it’s used to reward Brave users for interacting with ads. Besides, targeted ads make the browser experience much better, not to mention that pages with fewer advertising pop-ups load much faster. BAT keeps things private because it uses the ANONIZE algorithm in order for the information on its users to remain confidential.

Before their 2017 token sale, BATs were pre-mined. At the moment, the total BAT supply is of 1.5 billion tokens. A billion BAT were sold at the ICO, whereas 500 million are held in reserve for developing the BAT platform and increasing the numbers of token holders.

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Oana Ularu
Oana Ularu
Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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