Basic Attention Token was launched in 2017 with the goal of revolutionizing internet browsing for all stakeholders. Users, publishers, and advertisers all stand to benefit from the Brave browser, which rewards all respective groups through a more equitable platform. Brave looks to eliminate issues relating to privacy, security, monopoly, and online experience creating a solid value proposition for internet users worldwide. BAT is the native currency of the Brave Browser ecosystem, which leverages the concept of user attention to exchange BAT between users, publishers, and advertisers.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy The Basic Attention Token?
Basic Attention Token, through Brave Browser, has had tremendous success in becoming widely accepted by both crypto enthusiasts and average internet users alike. That’s because there are significant problems with how the internet operates today, with apparent issues surrounding monopolization, security, and a user experience filled with annoying ads. Brave Browser aims to solve these problems and thus far has succeeded by surpassing 50 million monthly active users. Although the number is large and impressive, monopolies like Google, through its platform Chrome, have over 3 billion monthly active users showcasing the market opportunity.
How Can Brave Browser Afford To Pay Users?
Brave enables the blocking of ads seen on platforms such as Youtube and other online websites. However, Brave also runs “seamlessly integrated ads” on its platform, which users can opt into seeing in return for earning rewards. Instead of Brave taking the advertising money for themselves like most internet monopolies, Brave gives it back to users.
How Does Brave Browser Compare To Other Browsers?
Brave advertises itself as a faster, more secure, and safer platform than anything else out on the market. Additionally, its framework around advertising saves users time and lets them earn rewards for viewing advertisements that platforms would otherwise take.
How Can I Earn Bat Tokens?
BAT Tokens can be earned by using the Brave Browser and opting in to view seamlessly integrated ads on the platform. These tokens can be either withdrawn by connecting a crypto wallet or used to tip creators and websites you use the most.
What Makes Basic Attention Token Stand Out?
The tokenomics (token economics) of BAT make it stand out among other cryptocurrencies. At launch in 2017, BAT was pegged to the price of ETH at a ratio of 6,400 BAT tokens to 1 ETH. Although the peg between the two assets has softened in recent years, it remains true that the price movements of Basic Attention Token are very similar to those of Ethereum.
The two projects have always shared similarities, given that BAT runs on the Ethereum blockchain as an ERC20 token. Also, BAT has a supply cap of 1.5 billion tokens that will exist at any time. This makes BAT a deflationary asset that stands to benefit from increased usage within the Brave Browser ecosystem.
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FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy BAT in Canada.