The project also issued its own ERC20 token, the Basic Attention Token (BAT) in June 2017, and made more than $35 million by selling 1 billion tokens. BAT tokens are used as rewards for users that watch curated ads.
BAT also works as a tipping service through which websites and content creators receive monetary support for their work. Popular web encyclopedia Wikipedia recently joined the ranks of their verified publishers.
The browser also had plans of introducing a cryptocurrency wallet that would support storage and transactions with their native BAT tokens. But the wallet received a lot of backlash for the KYC requirements that would have been implemented. As such, Brendan Eich stated:
“Brave can’t let fraud bots with Ledgers or Trezors take us to cleaners, and we have to avoid going to jail if some Office of Foreign Asset listed evildoer were to take out BAT that way.”
The founder went on to say that BAT meets all its regulatory requirements through their collaboration with Uphold and that he would support his decision by quoting the increasing number of publishers and users of the project.
Featured image: Naked Security
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