What is the issuance amount of BAT coins?

What is the Issuance Amount of BAT Coins?

Basic Attention Token (BAT) is a cryptocurrency that powers the Brave browser. BAT is used to reward users for their attention and to support creators of online content.

Issuance Amount

The total issuance amount of BAT is 1.5 billion tokens. Of this amount, 1 billion tokens were created at the launch of Brave in 2017. The remaining 500 million tokens are being released gradually over time as rewards for users and creators.

Token Distribution

The 1.5 billion BAT tokens are distributed as follows:

• 70% (1.05 billion): BAT tokens distributed to users of the Brave browser as rewards for their attention.
• 20% (300 million): BAT tokens distributed to creators of online content as rewards for their contributions.
• 10% (150 million): BAT tokens held by Brave Software International, the company that developed the Brave browser.

Release Schedule

The remaining 500 million BAT tokens are being released gradually over time as follows:

• 200 million: Released over a period of 30 months starting in July 2017.
• 150 million: Released over a period of 12 months starting in June 2020.
• 150 million: Released over a period of 6 months starting in June 2021.

Current Supply

As of [date], the circulating supply of BAT is approximately 1.02 billion tokens. The remaining 480 million tokens are held by Brave Software International and are gradually being released as rewards for users and creators.

Conclusion

The total issuance amount of BAT coins is 1.5 billion tokens. Of this amount, 1 billion tokens were created at the launch of Brave in 2017. The remaining 500 million tokens are being released gradually over time as rewards for users and creators. The circulating supply of BAT as of [date] is approximately 1.02 billion tokens.