Basic Attention Token – Who is behind the crypto currency?

There are no strangers behind the Basic Attention Token development. Founder Brendan Eich once developed JavaScript and was involved in the founding of Mozilla and Firefox. The co-founder of the BAT token is Brian Bondy. He previously worked at Khan Academy, Mozilla and Evernote. Yhan Zhu is responsible for the security and privacy of the browser. She previously worked at Yahoo, TOR, HTTPS Everywhere and Privacy Badger. Consultants include Ankur Nandwani and Zooko Wilcox. Ankur Nandwani previously worked for Coinbase, Lookout and Qualcomm and Zooko Wilcox works for Zcash. So the team was also able to gather some crypto currency experts around them.

The token development was financed by an initial coin offering. At that time the token set a new record: Within 24 seconds, 1.5 billion tokens worth 36 million dollars were sold. Going there, the forecast doesn’t look so bad at all, even if the price then behaved quite normally.

Basic Attention Token Advantages and disadvantages for the Bitcoin revolution

Whether people will buy Basic Attention Tokens to participate in the network is a scam says onlinebetrug. They will probably earn it passively if they use the browser. Ultimately, the success of the token depends on how many people use the browser and how many companies want to work with the developers. Over 150 companies have already announced their intention to collaborate, so that’s not a bad thing. But so far there is not much that can be done with the Bitcoin revolution
crypto currency. The developers want to add new functions in the future.

Nevertheless, the share price has developed well over time and the ICO of the crypto currency has also been extremely successful. On the stock markets one seems to see a potential in the token and the concept behind it.

One or the other might be pissed off by the 70 that the developers earn from BATs. That the developers are claiming part of the tokens traded on the platform to finance their project is not new. But in most cases they are much smaller than 70%.

Basic Attention Token Course – Development – Forecast for the Bitcoin trader

The Basic Attention Token price started in June 2017 at around 20 cents per coin on the stock exchanges. As a result for the Bitcoin trader, the price fell continuously, in July even below 10 cents. In August and September, the price picked up again and was quoted at over 15 cents per coin. After a brief rise to over 20 cents at the beginning of October, the Bitcoin trader BAT crypto currency lost value again and was quoted at just over 10 cents in the remaining months of October and November.

In December 2017 a real hype about the crypto currencies started, which lasted into the new year. The BAT token was also affected by this hype and reached over 30 cents per coin in the pre-Christmas period. In the new year, the Basic Attention Token rate then rose to over 40 cents and doubled to around 80 cents. Then the hype subsided and the token lost value again.

This crypto currency is actually still much too young to issue a satisfactory Basic Attention Token prognosis. So far, the token has done well on the stock markets, even if it has only followed the current developments on the market. The BAT token certainly has potential, but people must also use the browser.