Hello my Brave and BAT friends :) Today I’ve got 3 tidbits of some interesting and exciting news regarding our beloved BAT and Brave project!
I know the title for this post might be a little tricky, but I’m about to explain what it means and that it's a rare coincidence…
Without further ado, here’s what’s happened in Brave’s ecosystem very recently:
Brave Purchases half a MILLION BAT From the Market!
Brave Rewards Stats & Token Activity from the Transparency Data Feed
For this first piece of news, I’ve talked about it before but I’m going to repeat it just in case you missed it.
Earlier this month, the Brave team has repurchased over half a million (about 534,000 BAT tokens), as a result of great performance with advertisers and an increase in verified Brave Publishers.
Brave advertisers can purchase ads with either Fiat or BAT, and when purchased with Fiat, Brave turns that Fiat into BAT by repurchasing BAT from the market.
This creates a positive feedback cycle and the recent half a million buyback is a healthy sign for the BAT token and Brave browser.
MILLION DOLLARS in BAT moved – But Why?
Etherscan Blockchain Explorer – BAT token
Just recently on March 20, 2020, a very large sum of BAT tokens (4,166,656 BAT worth $550,384 USD) was moved from the BAT: UGP Reserve to another BAT token address.
This BIG transaction was quickly noticed by diehard Brave and BAT enthusiasts who quickly began to speculate as to why and where it was moved?
They took their speculation to Reddit where one user posted:
“So much BAT moved. What happened :O Whale going to do something?”
In response, BAT/Brave CEO Brendan Eich said:
"[This large transaction] is a one-time move, in part of a deal with a new ad client and potential partner.”
That being said, it looks like Brave just landed a BIG new ad client that might just turn into an on-going partnership.
Can’t wait to find out more and I’ll keep you guys posted when I do! :)
Brave hits HALF A MILLION verified creators!
BAT.Watch – Brave creator directory & growth stats
Brave continues to make unprecedented growth as the privacy-preserving browser just recently hit half a million verified creators.
This increase in verified creators should only blossom and grow from here as content creators spread the word about Brave and how they get paid directly by their audience for content, instead of relying on ad revenue.
People are waking up to Brave and BAT and it’s only just beginning.
So there you have it. Three news pieces with the “half a million” stat in each!
If these headlines prove anything, it’s that Brave and BAT are a powerhouse that continues to build and grow its ecosystem.
Even while the world is in turmoil with a pandemic ravaging the world and an impending economic collapse upon us, Brave continues to push forward.
They’ve expanded its ecosystem with new verified content creators, they’re acquiring huge ad clients and potential partners, and they’re repurchasing large amounts of BAT from the market because their business model is working.
Once this crypto market begins to turn around, I think it's safe to say that BAT will perform extremely well as the future for Brave and BAT looks very promising.
What do you think about Brave and BAT and how the project have progressed? Will the BAT token begin to reflect this growth soon? Let me know what you think in the comment section below.