BAT - A Really Good Idea For Rewarding Consumers (And Creators Too)!
2. What is it - In a nutshell
3. What can you use BAT for?
4. How can I get BAT
5. Why BAT is good for everyone (Especially for content creators)?
Hello Crypto Community! Welcome to another blog post by yours truly.
Early on to my crypto career, I was introduced to one of the best altcoins currently circulating in the market. The Basic Attention Token - Or BAT for short.
What it is - In a nutshell:
According to BAT.org, BAT is:
An utility token based on the Ethereum technology that can also be used as a unit of account between advertisers, publishers, and users in a new, blockchain-based digital advertising and services platform. The token is not a digital currency, security or a commodity.
In layman's terms it is a token used between people.
What can you use BAT for?
Advertisers can purchase advertising space on Brave using BAT, as opposed to USD. Much like Google, Facebook, or other ad platforms, they can view metrics such as views, clicks, conversions, and many others.
Brave is also working on letting users buy Brave products, such as the upcoming Brave Firewall + VPN, with BAT.
How do I get BAT?
BAT can be earned via the Brave browser for desktop and mobile device through the Brave Rewards program, bought via an exchange such as Binance or can be exchange P2P. BAT, however can not be mined due to all the tokens being in existence from its inception with a market cap of 1.5 billion tokens.
Why BAT is good for everyone (Especially for content creators)?
Content creators can earn BAT for publishing good content online and are tipped by users who like their work.
How do I earn BAT Token as a creator?
User visits your website and performs various activities through which you can earn BAT token.
- By accepting tip from user by verifying your website or social channels.
- By qualifying for a pool of BAT token through attention distrbution on monthly basis.
- By showing the ads on the website or social channels based on user interest.
These are some of the ways through which creators can earn BAT token. If you are new to the BAT token and your audience is yet to be on brave browser, you will not earn much during initial phase. But as more and more Brave browser users visit your page, they are likely to keep you for monthly attention distribution pool. This in turn earns you some token passively for qualified visits.
What type of content can be monetized?
You can monetize variety of content through BAT publisher program. You can monetize your audio through podcast hosting on your blog. You can monetize your text based blog as well simply by adding the meta tag into th blog. Publishers can also monetize their youtube channel, twitch channel and few other video hosting channels. I am personally monetizing my twitter account using BAT token. All it takes is one time account verification, which works the same way openID verifies your credentials.
After verification, all you have to do is make sure your content is reached by people who make use of the Brave browser. Once they browse your content, they can either tip you some BAT tokens. Or simply keep you in higher priority for monthly token distribution through their balance. From this point onwards, everything becomes passive income for creators.
BAT has been a great introduction to the mysterious world of cryptocurrencies early on to my crypto career and has been a great example of a versatile investment with a lot of potential. In conjunction with other crypto ventures, such as Presearch etc, BAT is the way to go for increasing your micro earnings and passive income.