How to Buy Basic Attention Token (BAT) in the Philippines

The Browser of the Future Built with the Future of Finance

Fast website boot up? No advertisement? Private browsing? Less data usage? Is this just imaginative or are we really going to have the best browsing experience? Well, imagine no more, the creator of JavaScript and co-founder of Mozilla and other renowned web developers have brought us the web browser that can do not only all that but gives rewards as well.

BAT is an ERC20 token, based on the Ethereum technology,  a utility token that can be used to solve problems in the web browsing and advertising industry. It bridges the advertiser, publishers, and users with the coin in the blockchain-based digital advertising and services platform.

“Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.” – Basic Attention Token website

NOTE: This article is for information purposes only and does not constitute investment advice.

Where to Buy Basic Attention Token in the Philippines?

Buy BAT on PDAX

BAT is one of the cryptocurrencies launched on PDAX, a leading locally licensed order book crypto exchange in the Philippines in June 2021.

1) If you haven’t yet, sign up for a PDAX account.

2) Verify your account.

3) Fund your account with Pesos.

Go to Funds > Payment In > PHP > Cash In > [Payment Channel]

Once the funds are in the account, go to the order book platform.

4) Find the BATPHP Trading Platform.

5) Trade your PHP to BAT

If on the mobile app, the user can trade on Basic Mode, which allows the user to quickly convert Pesos to BAT.

Use Cases:

BRAVE BROWSER: a fast, private, ad-free (if you want to), and rewarding open-source Chromium based browser where extensions from Chrome Web Store can be used as well. Below are some of the highlights of this browser:

Brave Rewards and Brave Ads:

Since ads has taken time from people, ad blocking has been popular to many. This, while beneficial to the audience in terms of saving time, but not to artists, writers, and content-creators. They have been losing that revenue from those ad-blockers. So why not save time, get content that’s valuable for you, earn passive income, and support your favorite content-creators? Brave Rewards do just that. Embedded brave content inside posts and pages lets the creators that matter with the help of machine learning reach out to specific audiences as long as they allow it. The browser automatically blocks unnecessary advertisements and trackers. There are over 30 million monthly active users and around 1,000,000 content creators already earning from brave rewards and Brave Ads. It’s also worth mentioning that not only is this beneficial to content-creators and users but also to the advertisers since it’s targeting the people who really care about their product/services.

How it works:

1) Users of Brave Browser own BAT by viewing privacy-respecting ads: Brave Ads

2) Content creators can get tips from subscribers, followers, or readers. Specifically:

Auto-Contribute where you can (or turn it off if you don’t want to) automatically give support by how much time you spend on their content in exchange for BAT and Tipping – voluntary tipping

3) Verified content Creators gives access to the Creators dashboard where those tips can be managed and an access to their referral link, which can be used to earn more BAT

4) Tips can be collected by using their partner Uphold to convert the token or transfer it to an external exchange and convert to your chosen currency

Eligibility:

Anyone who uses the browser is eligible, however not all countries can participate in Brave Reward due to regulations. There are some countries like Japan that use BAP as an alternative to tip content creators where those content creators receive local currency based on those points. But BAP cannot be exchanged for BAT

How to Start:

1) Download Brave Browser

2) On the upper right side of the browser, click that menu then click Brave Rewards

3) Now click on Start using Brave Rewards

Brave Shields

This is the one making it harder for ads and trackers to follow you across the web keeping you safe and making it possible to decrease your data usage, battery, memory usage and increase your browsing speed. You can even fine-tune this through the Shields panel possibly giving you the safest browsing experience but might also break some sites if not careful. Just set it to default if you’re not familiar with it as it is optimized to give you protection and browse the web seamlessly.

Brave Wallet: this is separate from brave rewards.

Brave Search: Brave search beta, the alternative to big tech who are monopolizing on your data, is now live. The first to offer web privacy on search and on the browser.

Other Use cases:

• Checking 404 error if there are any archived versions of the Web pages. This is definitely helpful for research purposes.
• Widgets: you can buy crypto on binance/crypto.com widget without having to go to the site itself. Check your FTX balance, explore future markets and convert on the widget too.

Future of BAT:

Since this is an open-source project, expect that third-party developers may use this token in terms of using the ecosystem as a more efficient, robust, and personalized way to give out advertisements and reward their users and creators. Tokens may also be used to buy digital contents and other goods when merchants come. 

Controversial 30 seconds:

BAT seemed less distributed compared to other tokens since it sold out within just 30 seconds upon its Initial Coin Offering (ICO) generating $35 million with only 130 people able to buy and one buyer even having bought $4.7million worth of tokens.

BAT reached up to $1.63 per token last April 2021 but now hovering around $0.52 around 32% down 3 months later. But considering that this is cryptocurrency, it is a really volatile asset. Unlike other tokens, it is not a governance token where you can vote for the system changes, it’s only used to obtain services, interact, and use the BAT platform.  They also made it clear on their website that they don’t encourage trading or exchange in any way. However, considering how it is an innovator in the web-industry who’s taking on big tech companies and actually gaining traction from millions of users now active, advertisers will definitely follow. Even without the growth in its price, it’s still relevant in a sense of use especially on their upcoming marketplace.  Anyone who uses crypto, knows that privacy is an important asset. And BAT not only promotes privacy of users, but also helps content-creators and publishers. Lastly I want you to consider 2 things: Consider accumulating BATs that costs $0.5 just by doing work, playing, trading, or anything actually and using that to buy an NFT or change it to the currency that you prefer and also who wouldn’t want a data-saving, memory-saving, battery-saving web browsing experience that’s private while at the same time earn some passive income?

Overall

BAT is the primary token used in the Brave browser. It is the reward that Brave users, advertisers, and publishers get. The Brave browser has its own native ad blocker that blocks malvertisements and trackers. It uses the ethereum blockchain to anonymously track the sites and content you’re visiting so its publishers can be paid with BAT. The team stresses that the information gathered is completely anonymous and will never leave your device.

This article is published on BitPinas: How to Buy Basic Attention Token (BAT) in the Philippines