What does BAT stand for and what is it? It is a utility token based on the Ethereum technology that can also be used as a unit of account between advertisers, bitcoin wallet app osx, and users in a new, blockchain-based digital advertising and services platform.
BAT is a utility token meant for use in the BAT platform. The utility tokens are intended for use on the BAT platform, a new Blockchain-based digital advertising and services platform. Additional information regarding the utility of BAT is available in the terms and conditions. Brave’s ledger system, as well as a BAT wallet and related blockchain-attested functionality. The utility token is for conducting transactions and obtaining services on the platform. Given the open-source nature of the project, however, we also envision that as we develop the BAT protocol, third-party developers may come up with new and novel uses for the token.
Telegram bot: In messaging apps like Telegram, we foresee the possibility of users being paid in BAT to view one ad. Coinbase’s new Token app and Status app. These apps must be fraud-resistant if they are to participate. Why generate a distinct token, as opposed to using Bitcoin? BAT is not a digital currency, it is a utility token. It can be used as a unit of account between advertisers, publishers, and users on the BAT platform, and can be utilized to directly measure, exchange, and verify attention.
How do I view BAT tokens in my wallet? You can view BAT token balance in your non-hosted Ethereum wallet that supports ERC20 tokens by watching the BAT contract. Which wallets can be used to store BAT? BAT is an ERC20 token, and can be stored in ERC20 compatible wallets. Will I lose my BAT after 6 months?
As such, any purchased BAT are not subject to a 6-month “use it or lose it” policy. If these tokens are not claimed by recipients within 90 days then they will be returned to the UGP. I transferred some BAT from one wallet to another and it never arrived. We don’t maintain, or have any control over, the wallets where you choose to store your BAT, so we can’t help you directly. Why is the Domain Administrator based out of Panama? Domain administration is not handled in-house, and has no relevance to project operations. GST implications of my voluntary contribution?
GST, on the basis that they represent pure donations and are not linked to any benefits being derived by the voluntary contributor or another third party. However, as provided in the Brave Payments Contributor Terms of Service, you are responsible for determining what, if any, taxes apply to your voluntary contributions. You are also responsible for withholding, collecting, reporting and remitting the correct taxes, if any, to the appropriate tax authorities. You may wish to consult a tax advisor regarding these issues. What crypto-currencies were accepted during the sale? What is the distribution of tokens?
In addition to the tokens sold, we created a development team pool of 200 million tokens. What was the value of BAT sold? Will there be a follow-on sale? We sold the equivalent of 156,250 ETH, or 1 billion tokens.