BAT Price Jumps 7% on Brave 1.0 Launch News
Basic Attention Token (BAT), ranked 29th by market capitalization, is green throughout following the news of Brave launching version 1.0 of its privacy-focused browser.
BAT, the native token of Brave, the first decentralized browser based on blockchain technology that lets users earn tokens as they browse, is seeing a lot of green today. At the time of writing (11:33 UTC), the price is up 7% in the past 24 hours, and 3.6% in the past week. It’s also green in the past-month and past-year time frames, going up 17% and 10% respectively.
This comes a day after Brave announced the official launch of Brave 1.0 for Windows, macOS, Linux, Android, and iOS in 52 languages. A difference from the previous version is that “the Brave browser was previously in beta release,” the announcement states, adding that it “already has 8.7 million monthly active users across the globe.”
The version 1.0 of the open source creation of Brendan Eich, who is co-founder and CEO of Brave Software, Javascript creator and Mozilla project co-founder, includes:
- blocking device fingerprinting, trackers, invasive ads, phishing, malware, and malvertising thus improving speed (3-6x), privacy, security, performance, and battery life;
- Brave Rewards: users can support their favorite publishers and content creators by sending BAT as tips directly or as recurring monthly payments to fund the open web;
- over 300,000 verified websites: most of them are smaller publishers and creators, but a few large publishers have joined too, such as The Washington Post, The Guardian, and Wikipedia, as well as creators on YouTube, Twitch, Twitter, GitHub, etc.;
- Brave Ads: users can opt in to watch matched-up ads for which they’re compensated in BAT, with 70% of the revenue going to the user and 30% to Brave;
- earned BAT conversion: BAT can be kept in the browser to support the creators, or it can be transferred out of the Brave Rewards wallet and converted to other digital assets and fiat currencies, after completing a verification process with digital money platform Uphold, states the announcement.
BAT has a history of reacting positively to good news. In July, it went up 5% after Brave introduced a button for Reddit users to tip each other. Also, it jumped 10% in October after Brave surpassed 8 million monthly active users. In April, the browser celebrated a number of successes, and in May it started testing a new feature for tipping tweets.
