Brave Buys Back Almost 600,000 BAT Tokens to Reward Its Users

Brave acquires almost 1,000,000 BAT tokens in just one month

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Privacy-focused browser Brave bought 577,484 Basic Attention Tokens (BAT) tokens on July 2, according to its transparency page.

Notably, this is its highest single-day purchase to date (the previous record of 504,219 tokens was logged on March 30).     

The price of the BAT token is down 4.55 percent, but the dip was more likely caused by the overall market rout rather than Brave’s recent acquisition.  

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Rewarding users for surfing the web   

The main selling point of Brave is that it allows users to get a 70 percent chunk of its ad revenue that it converts from fiat into BAT tokens. 

The company, which is helmed by Mozilla co-founder and JavaScript creator Brendan Eich, made good on its ICO promise by launching the Brave Ads feature in April 2019.    

In 2020, active Brave users are expected to earn more than $220 worth of BAT in 2020 (depending on the number of active ad campaigns in their region).   

Tokens can be withdrawn and converted into other cryptocurrencies or fiat only after linking a verified Uphold account to your wallet.

Brave faces backlash 

Despite its emphasis on security and privacy, the browser was recently mired in controversy following its partnership with Binance. 

Brave was automatically redirecting its users to its affiliate link when accessing the leading exchange, but Eich admitted that it was a ‘mistake.’

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Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.