[{"data":1,"prerenderedAt":325},["ShallowReactive",2],{"api/learn-center-post-en-GB-what-is-basic-attention-token-bat":3,"en-gb/learn/cryptocurrency-guide/what-is-basic-attention-token-bat-en-GB-seo":57,"footer-en-GB":62,"navigation-en-GB-learn-center":235,"api/learn-categories-en-GB":285},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is Basic Attention Token? (BAT)","What is Basic Attention Token? (BAT) | Bitstamp by Robinhood ","What is Basic Attention Token? How does BAT work? Read our guide to Basic Attention Token and start trading BAT on Bitstamp by Robinhood – the original crypto exchange.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/What_is_Basic_Attention_Token_BAT_png_23c81e7a53_dcf612f14f.png","image/png",".png",1920,1080,"What_is_Basic_Attention_Token_BAT_png_23c81e7a53.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/cryptocurrency-guide/what-is-basic-attention-token-bat/","en",{"pathname":24,"locale":25},"/es/learn/cryptocurrency-guide/what-is-basic-attention-token-bat/","es",{"pathname":27,"locale":28},"/en-gb/learn/cryptocurrency-guide/what-is-basic-attention-token-bat/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-basic-attention-token-bat",false,"\u003Cp>Basic Attention Token (BAT) is a cryptocurrency used for the Brave Browser, an equitable internet browser designed to change the internet’s advertising model by creating more equity between consumers, creators and advertisers.\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>Basic Attention Token (BAT) is a cryptocurrency used for the Brave Browser, an equitable internet browser designed to change the internet’s advertising model by creating more equity between consumers, creators and advertisers.\u003C/p>\n\u003Cp>A common business model for internet companies involves the monetization of user data via advertising and relies on users’ lack of control over their digital identities and personal data. Brave Browser and the Basic Attention Token (BAT) were created to change this model.\u003C/p>\n\u003Cp>Brave Browser provides users with a more transparent and democratized way of surfing the web, while Basic Attention Token is built to change how advertising works online.\u003C/p>\n\u003Cp>Instead of Big Tech companies collecting and monetizing user data, BAT and Brave work together to create a value system based on online attention where users can choose which, or how many, ads they wish to see, and receive BAT rewards in exchange for viewing ad content. In return, advertisers are assured that their content is being viewed by a willing audience, and publishers are incentivized to deliver high-quality ads that can draw in more consumers.\u003C/p>\n\u003Cp>\u003Cstrong>History of Brave and Basic Attention Token\u003C/strong>\u003C/p>\n\u003Cp>Brave Software, Inc., the parent entity behind Basic Attention Token and Brave Browser, was founded in May 2015 by Brendan Eich and Brian Bondy. In 1995, Eich created the JavaScript programming language and co-founded Mozilla, the company that launched the Mozilla Firefox browser in 2004. Bondy is the current CTO of both Brave and Basic Attention Token and previously worked as a software engineer at Khan Academy, Mozilla and Evernote.\u003C/p>\n\u003Cp>In May of 2017, BAT conducted an \u003Ca href=\"/en-gb/learn/crypto-101/what-is-an-initial-coin-offering-ico/\">initial coin offering (ICO)\u003C/a> where 1 billion BAT were sold to investors at a ratio of 6,400 BAT per 1 ether (ETH). The ICO received a total of 156,250 ETH tokens worth $35 million at the time.\u003C/p>\n\u003Ch2>Diving Deeper into Brave and BAT\u003C/h2>\n\u003Cp>Basic Attention Token is built to operate on the \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> and \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-solana-sol/\">Solana\u003C/a> blockchains and is central to the revenue share model of Brave.\u003C/p>\n\u003Cp>Publishers produce content, and readers choose which ads they wish to see via an in-browser pop-up notification mechanism that allows users to opt out of specific ads at their discretion. When browsing, viewers also choose their own ad notification frequency (between 0 and 10 ads per hour) and receive BAT token rewards proportional to the number of ads they view per hour.\u003C/p>\n\u003Cp>Advertisers create ads — which are paid for in BAT via the verified creator network — that are targeted towards users they believe value their products and services. In this system, 30% of rewards are distributed to advertisers and publishers to help them maintain their services, while 70% is distributed to users.\u003C/p>\n\u003Ch3>Brave Browser: A privacy-focused and secure internet browser\u003C/h3>\n\u003Cp>Brave Browser is an internet browser that uses much of the same open-source code Google Chrome is based on. Unlike most internet browsers such as Microsoft Edge, Firefox, Google Chrome, and Safari, Brave is designed to preserve user privacy, security, and data integrity.\u003C/p>\n\u003Cp>Some of Brave’s most important features include a built-in privacy shield for web browsing and a specialized tracking system that allows users to keep track of the time they spend on ads and websites.\u003C/p>\n\u003Cp>Basic Attention Token and Brave Browser also provide several additional services, including:\u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Brave Search\u003C/strong> – a search motor designed to be a decentralized \u003Ca href=\"/en-gb/learn/web3/what-is-web3/\">Web3\u003C/a> alternative to Google, Bing, and others.\u003C/li>\n\u003Cli>\u003Cstrong>Brave Wallet\u003C/strong> – an in-browser crypto wallet that allows users to access and manage thousands of crypto assets via their computer or mobile device. The wallet allows users to also access features like crypto swaps, crypto credit and debit card purchases, and multi-chain \u003Ca href=\"/en-gb/learn/web3/what-are-nfts-non-fungible-tokens/\">non-fungible token (NFT)\u003C/a> support.\u003C/li>\n\u003Cli>\u003Cstrong>Brave Firewall and VPN\u003C/strong> – a virtual private network (VPN) and firewall that allows users to encrypt and secure their data on all apps and devices.\u003C/li>\n\u003C/ul>\n\u003Cp>Brave also offers other services like Brave Talk (free video calling), Brave News, Brave Playlist, and several additional products and services.\u003C/p>\n\u003Ch2>How does BAT work?\u003C/h2>\n\u003Cp>Users can either sell their BAT for cash, hold it, or use the tokens to reward their favorite content creators.\u003C/p>\n\u003Cp>The BAT coin is also used to help facilitate BAT’s \u003Ca href=\"/en-gb/learn/web3/what-is-decentralized-finance-defi/\">decentralized finance (DeFi)\u003C/a> ecosystem using the Brave Wallet.\u003C/p>\n\u003Ch3>Tokenomics\u003C/h3>\n\u003Cp>BAT has a total supply of 1.5 billion tokens. Of these, 66.6% of BAT were sold to investors in May of 2017, 13.3% were allocated to the project’s development team pool, with the remaining 20% allocated to the user growth pool (UGP, used to send BAT to Brave users). Of the 1 billion BAT sold, 58% of the funds were allocated to BAT development, 13% to contractors, 12% to marketing, 10% to administrators, and 7% towards a contingency fund.\u003C/p>\n\u003Ch2>BASIC ATTENTION TOKEN ESSENTIALS\u003C/h2>\n\u003Cul>\n\u003Cli>Basic Attention Token (BAT) is integrated with Brave Browser, a user-focused internet browser built on the premise of privacy, security, and equitability.\u003C/li>\n\u003Cli>BAT intends to change the advertising model of the internet by incentivizing advertisers, publishers, and users by fairly rewarding participants for consuming online content.\u003C/li>\n\u003Cli>Basic Attention Token and Brave are made up of various products and services including Brave Wallet, Brave Firewall and VPN, Brave Playlist, Brave Search, and Brave News.\u003C/li>\n\u003C/ul>\n\u003Cp>**This webpage has been approved as a financial promotion by Bitstamp UK Limited which is registered with the UK’s Financial Conduct Authority. Please read the \u003Ca href=\"/legal/risk-warning/\" rel=\"nofollow\">Risk Warning Statement\u003C/a> before investing. Cryptoassets and cryptoasset services are not regulated by the Financial Conduct Authority. You are unlikely to be protected if something goes wrong. Your investment may go down as well as up. You may be liable to pay Capital Gains Tax on any profits you earn.\u003C/p>\n","full","left",{"text":17},[],[],"July 29th, 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":224,"value":225,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":226,"geofencings":227},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":229,"value":230,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":231,"geofencings":232},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"items":236,"ready":33,"platformButtonText":281,"backButtonText":282,"logInButtonText":283,"signUpButtonText":284},[237,242,247,250,254,259,264,267,272,277],{"headerName":238,"sidemenuName":119,"url":239,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":240,"submenu":241,"tag":17},"Institutions","/en-gb/institutional-trading/",{},[],{"headerName":243,"sidemenuName":243,"url":244,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":245,"submenu":246,"tag":17},"Derivatives","/perpetual-futures/",{},[],{"headerName":134,"sidemenuName":134,"url":135,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":248,"submenu":249,"tag":17},{},[],{"headerName":251,"sidemenuName":251,"url":107,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":252,"submenu":253,"tag":17},"Mobile App",{},[],{"headerName":255,"sidemenuName":255,"url":256,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":257,"submenu":258,"tag":17},"Markets","/markets/",{},[],{"headerName":260,"sidemenuName":260,"url":261,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":262,"submenu":263,"tag":17},"Earn Stake","/en-gb/crypto-staking/",{},[],{"headerName":111,"sidemenuName":111,"url":112,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":265,"submenu":266,"tag":17},{},[],{"headerName":268,"sidemenuName":268,"url":269,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":270,"submenu":271,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":273,"sidemenuName":273,"url":274,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":275,"submenu":276,"tag":17},"Learn","/learn/",{},[],{"headerName":278,"sidemenuName":278,"url":107,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":279,"submenu":280,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[286,290,294,298,302,306,309,313,317,321],{"title":287,"url":288,"geofencings":289},"Blockchain technology","/en-gb/learn/blockchain/",{},{"title":291,"url":292,"geofencings":293},"Company profiles","/en-gb/learn/company-profiles/",{},{"title":295,"url":296,"geofencings":297},"Crypto 101","/en-gb/learn/crypto-101/",{},{"title":299,"url":300,"geofencings":301},"Crypto definitions","/en-gb/learn/crypto-definitions/",{},{"title":303,"url":304,"geofencings":305},"Crypto trading","/en-gb/learn/crypto-trading/",{},{"title":32,"url":307,"geofencings":308},"/en-gb/learn/cryptocurrency-guide/",{},{"title":310,"url":311,"geofencings":312},"People profiles","/en-gb/learn/people-profiles/",{},{"title":314,"url":315,"geofencings":316},"Security","/en-gb/learn/security/",{},{"title":318,"url":319,"geofencings":320},"Tutorials","/en-gb/learn/bitstamp-tutorials/",{},{"title":322,"url":323,"geofencings":324},"Web3","/en-gb/learn/web3/",{},1772794137091]