Review and test of the popular digital asset browser. We tell you what its features, advantages and disadvantages are, as well as what prospects it has
The Brave browser provides users with the opportunity to get BAT tokens and get acquainted with the work of various crypto services without investing their own funds.
Browser users are the owners of their data and can monetize it, and advertisers share the profit with all participants in the process.
Basic Attention Token (BAT) is an acronym that stands for Basic Attention Token. Unlike conventional businesses and social networks, where users’ attention to advertising isn’t rewarded in any manner, users of the Brave browser are paid with BAT tokens for their interest in the browser’s advertising offerings. Ads are presented to the user in the form of pop-up recommendations in the upper right corner, and their appearance is comparable to that of similar offers found in traditional browsers (for example, Microsoft Edge).
The distinction begins the instant you click the link. The user is charged a reward after spending more than five seconds on the site utilizing the advertising link, which comprises of a portion of the funds (up to 70%) provided by the advertiser for the user’s attention. Rewards are tallied and transferred to the user’s browser-based wallet once a month. The usage of tokens allows even the smallest payments to be taken into account in any jurisdiction, which is difficult to envision when working with today’s traditional financial instruments.
Aside from the benefits for seeing ads, the browser’s main feature is privacy. Brave bans all third-party adverts, maintains track of user-saved time and traffic, and blocks all third-party ads and location trackers. By removing 429,949 trackers and ad impressions over the course of a year, we saved 10.17 gigabytes of bandwidth and 6 hours of time.
How much can you earn?
There are various ways to customize the way promotional offers are displayed. The Brave browser can display advertising once, twice, three times, four times, five times, or ten times every hour, or it can be turned off entirely. The user is given the option of following the link or hiding it.
The value of the awards vary and is directly proportional to the number of advertisers and browser users who receive them. We didn’t click on all of the links because we wanted the testing to be as realistic as possible, so we just clicked on the ones that looked interesting. The majority of the ads were about cryptocurrency and financial innovations, and they were frequently repeated.
During the year of testing, a single click on an advertising link cost between 0.01 and 0.04 $, while a month of using the browser cost between 1.5 and 3 $. The sums aren’t huge, but they might be a big benefit to citizens in nations where there’s been a lot of economic turbulence and hyperinflation.
It’s worth noting that the dollar account balance might rise or fall depending on the price of the BAT token, whose price fluctuates similarly to the rest of the crypto market and rewarded customers who used the Brave browser with extra profit last year.
What can be done with the received tokens?
If a user does not like to keep their rewards in BAT tokens, they can be converted into other popular cryptocurrencies, more than 50 US stock market shares, or even precious metals. Conversions are performed without commissions, although at a slightly lower market rate (the difference is about 1-2 percent ).
The Uphold platform, whose account is linked to the user’s Brave browser , is in charge of all exchange activities and reward storage. To begin using Up hold’s services, you must first complete the identity verification process (KYC). The receipt of dividends is a significant distinction between buying US stock market shares on Uphold and buying them elsewhere.
Users can withdraw their funds to third-party wallets or exchanges in addition to the Uphold platform’s exchanges. To avoid losing a portion of your assets due to Ethereum network fees, you can convert to XRP, which will only cost a few cents to send.
In order to save money within its ecosystem, the Brave browser encourages users to spend their rewards on donations to the writers of sites or YouTube and Twitter channels that you frequently visit through the browser. These donations can be set up to be automatic and recurring. Sites or channels must be validated and registered as content creators with the Brave ecosystem in order to accept donations from other users.
New Brave feature and token price movements
The Brave browser is one of the few cryptocurrency projects that has a fully functional product with applications that go beyond blockchain technology. It may be beneficial to a wide range of users. Users can now conduct video calls and participate in video conferencing thanks to a recent update from Brave.
The price of the BAT token is technically associated with the price of the crypto industry as a whole. After a period of fast expansion, BAT, like most other market assets, is currently in a correction phase. The price reached a new all-time high of $ 1.64 per token in May 2021. The BAT token, like most other altcoins, has a significantly higher power reserve than the sector’s flagships, BTC and ETH, which are once again approaching historical highs. On the weekly period, BAT is still trading at more than half its historical maximum, with steadily dropping volumes.
