Binance, the largest crypto exchange in the world, made an official announcement via its blog that the cryptocurrency pair BAT/USDT will open trading on its platform from March 4, 10:00 am UTC.
As of March 2019, BAT tokens are worth $0.175723 a piece, gaining 0.02% in the last 24 hours, according to CoinMarketCap. The market cap of the company is currently $217,996,193 with about 1,240,566,787 BAT in circulation. Basic Attention Token is ranked 27th by its market cap.
The BAT tokens are already trading in several pairs on Binance Cryptocurrency Exchange, including Binance (BAT/BNB), Bitcoin (BAT/BTC), and Ethereum (BAT/ETH). With a total activity of more than 32%, BAT/BTC pair remains the most active of the lot. Tether (USDT) is presently ranked 7th by its market cap and is backed by one US dollar for each token issued. Experts agree that the Basic Attention Token will gain an additional boost when paired with Tether.
BAT community primarily aims to address fraud in digital advertising because the technology created by the company identifies the attention of the user about the asset. Their website claim that middlemen, trackers, and fraud overrun the digital advertising business. “BAT can change the way in which digital content is published on the internet,” says Eich.
The team has also released Brave, an open source browser focused on privacy, as a part of the same BAT ecosystem. Through Brave, Eich is trying to close the gap that currently exists within today’s digital content market.
Basic attention token is funded by Founders Fund, Foundation Capital, Propel Venture Partners, Pantera Capital, DCG, Danhua Capital, and Huiyin Blockchain Venture among others.