Market Performance
The total supply of the Basic Attention Token is 1,500,000,000 BAT and the supply is fixed and BAT cannot be mined. BAT is generated when a user sees one of the Brave ADS on the Brave Browser. The user receives a portion of the BAT proportionate which hits their engagement. Brave receives a portion and the remaining portion is paid to the content publisher that hosts the AD. The BAT tokens are spendable for premium content on the platform along with the ad blocks on the Google AdSense-like platform.
The Basic Attention token ICO happened in May 2017 and raised to $35 million in 30 seconds. One BAT token was sold in the ICO, 300 million were set aside for the user growth pool and 200 million was created for the development team. The BAT rewards from the UGP include the 5 BAT per month for the early adopters of the Brave Browser.
In addition to the recent Coinbase and Circle listings, the BAT can be bought, sold and traded on many crypto exchanges including Bittrex, Binance, UpBit, and CPDX. Over $13 million in BAT is traded daily and the trading pairs include BTC, ETH, and USDT. Because the BAT token is an ERC-20 token, it is supported by any compatible wallet including the Nano Ledger S and MyEther Wallet.