What is the issuance price of BAT coins?

BAT coins were initially offered for $0.035 each during their 2017 token sale, raising $35 million.

Nov 25, 2024 at 11:32 pm

What is the Issuance Price of BAT Coins?

Introduction

BAT (Basic Attention Token) is a cryptocurrency built on the Ethereum blockchain. It is designed to reward users for their attention and engagement online. BAT coins are used to pay for advertising on the Brave browser, a privacy-focused browser that blocks ads and trackers.

Issuance Price of BAT Coins

The issuance price of BAT coins was $0.035 per BAT. The BAT token sale was held in May 2017 and raised $35 million.

Token Distribution

The BAT token is distributed as follows:

• 70% to users
• 20% to the Brave team
• 10% to investors

Steps Involved in Purchasing BAT Coins

1. Create a Crypto Wallet

The first step is to create a crypto wallet to store your BAT coins. There are many different crypto wallets available, such as MetaMask, Trust Wallet, and Coinbase Wallet.

2. Purchase Ethereum (ETH)

BAT coins are ERC-20 tokens, which means they are built on the Ethereum blockchain. Therefore, you will need to purchase Ethereum (ETH) in order to purchase BAT coins. You can purchase ETH on a cryptocurrency exchange such as Coinbase, Binance, or Kraken.

3. Transfer ETH to Your Wallet

Once you have purchased ETH, you need to transfer it to your crypto wallet. To do this, you will need to provide the wallet's address to the cryptocurrency exchange.

4. Connect Your Wallet to a Decentralized Exchange (DEX)

Once you have ETH in your wallet, you can connect it to a DEX such as Uniswap or PancakeSwap. DEXs allow you to trade cryptocurrencies directly with other users.

5. Swap ETH for BAT

On the DEX, you can swap your ETH for BAT coins. You will need to specify the amount of ETH you want to swap and the amount of BAT coins you want to receive.

6. Store Your BAT Coins

Once you have swapped your ETH for BAT coins, you can store the BAT coins in your crypto wallet.

Advantages of Using BAT Coins

There are several advantages to using BAT coins:

• Rewards for Attention: BAT coins reward users for their attention and engagement online.
• Privacy: BAT coins are used on the Brave browser, which is a privacy-focused browser that blocks ads and trackers.
• Control over Data: BAT coins give users control over their data. They can choose which ads they see and how their data is used.
• Reduced Advertising Costs: BAT coins can help reduce advertising costs for businesses.
• Decentralization: BAT coins are decentralized, meaning they are not controlled by any single entity.