Brave Purchases half a MILLION BAT From the Market - Why is it a Big Deal?

Brave Purchases half a MILLION BAT From the Market - Why is it a Big Deal?

By Brawnd0 | CryptoLetter | 10 Mar 2020

Hello fellow Brave and BAT believers, I’ve got some mildly interesting news concerning the project that may have slipped past you. 

The Brave team has repurchased over half a million - about 534,000 - BAT tokens, as a result of great performance with advertisers. This is likely because advertising performance has gone up greatly (you might have seen the slew of new features that the Brave team has implemented since Brave Ads went live), with advertisers buying ads with fiat or BAT and the Brave team in turn buying BAT with that (advertisers can choose to pay in BAT or fiat). All a part of the feedback cycle.

This buyback is a healthy sign for the token and project, and is part of the ecosystem loop that keeps the well-oiled machine running. To be honest, one needn’t even look at the price or buybacks to see how well the browser and token is doing. It’s been receiving rave reviews both generally and for its privacy preserving features. As one Reddit user noted, that's a 5 fold increase from February - roughly $2000 a day in ad purchases last month to $10,000 per day in 10 days of March alone.

Brave and BAT are widely considered to be one of the best altcoins and with good reason. The team just consistently release new features and have built a platform that benefits everybody. It also became the first supported token for MakerDAO’s multi-collateral DAI.  

It’s also worth noting that Brave’s new users numbers from the transparency feed, which CEO Brendan Eich tweeted about. The browser now sees about 12.2 million active monthly users and 4 million daily active users.

This news will definitely make BAT investors happy, knowing that their token is doing rock solid. Not that there was ever much reason to doubt that, but this is kind of like a little icing on the cake. The strength of the project is being proved time and time again.

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