It is no secret to anyone that there is a lot of advertising on the Internet, which literally awaits all of us at every corner. People don`t like it, but it is necessary for sites to simply survive and develop. But what if we tell you that there is another way to support the existence of people creating content on the Internet? As it turned out, it exists. A new concept of motivation for content makers was invented by the creators of the new browser Brave, which will be discussed in today’s article. Moreover, the developers are ready to pay all users for the installation and active use of their brainchild. So, let’s find out what it is and whether it is worth your attention.
What is the Brave browser?
ICO project was held in May 2017, we recall that in just a few minutes, the creators have collected 36 million US dollars. It is worth noting that this investment turned out to be very profitable for the first investors, as now the total capitalization of the project is more than 400 million US dollars.
First, it is worth to mention that the project’s executive director is Brendan Eich, who previously worked as the chief engineer at the Mozilla Corporation, besides that, he is the creator of Java. As you may have guessed, Eich is a fairly well-known specialist in the industry. Based on this, we can conclude that this project has a very serious team, which gives a good chance of success.
Not so long ago, the browser Brave bypassed Opera in the app store Google Play by the number of downloads. In August 2018, it was downloaded about 10 million times, and now this number exceeds 20 million.
Brave supports most of the Chrome extensions since these browsers are built on the same algorithm. Also Brave is very fast, according to the tests conducted by the developers, it loads web pages 2-3 times faster than its popular competitors.
The link to speed test from the official Brave channel.
What happens with ads in Brave?
The main idea is to replace advertising with a completely different way of monetization, which is one of the main features of this browser. It really blocks all this annoying advertising, and you can see all blocked scripts, trackers, etc on the main browser page. In addition, next to it is shown how much time you have saved on viewing all blocked ads.
This is all clear, and now let’s see how the Internet is monetized. The corporate token BAT (Basic Attention Token) is performed in the role of a substitute. By the way, since February this year, this coin has increased in price almost three times. Users decide which content creator will receive more donations. You can invest any amount of money per month (from zero to millions of dollars). After that, all these tokens will be distributed between those sites that you visit. The more time you spend on any resource, the more donates its owner receives from you.
But do not be afraid – it is not necessary, if you don’t want to donate, you should not do that. For this reason, the project creators are distributing tokens. For example, you get $5 in BAT cryptocurrency for downloading and installing the browser on your device. The project also has a referral system, according to which you also receive $5 for each installation of Brave upon your recommendation. To do this, you just have to go through verification following the instructions on the site, get a referral link in your account and distribute it.
The creators of the browser soon intend to launch another interesting feature, namely, viewing ads for money. That is, you can turn off advertisement blocking, and to receive BAT tokens for viewing it in return. Thus, users will receive 70% of the advertising budget, the remaining 30% will be distributed between the browser itself and the website, respectively. Users can withdraw obtained tokens using the Coinbase cryptocurrency exchange and Uphold wallet.
As a result, advertising will stop to annoy people so much if they know that they will receive some dividends for viewing it. At the moment, this feature is only available for developers, and ordinary users will have to wait for the update, the developers promise that it will be available later this year.
Frequently Asked Questions
1. How can the user withdraw BAT to another wallet?
Given that BAT is an ERC-20 format token, it can be stored in wallets like Leager, MyEtherWallet, etc. Tokens that are stored in the browser can be only withdrawn to the Uphold wallet so far, for this, you need to bind it in your personal account.
2. Is Brave safe in storing passwords, personal data, etc.?
It should be noted that this browser does not even have access to this data. It works by analogy with the Telegram messenger, where such information is stored strictly in the memory of the user’s device.
3. Is it possible to recover the wallet on the phone, if it was previously used only on the computer?
Yes, if you have a recovery key, you can find it in your personal account by going to the wallet settings.
4. Why do the BAT tokens burn out over time?
It should be understood that initially these tokens were created for the one purpose, namely, to motivate content makers to develop their resources. As the developers promise, in the future, tokens will accumulate in the browser and will not disappear anywhere.
Recently browser Brave is gaining popularity among users, as it really works fast, blocks all kinds of advertising and gives the opportunity to earn. But users do not yet have the opportunity to withdraw accrued tokens, this function will be added only after the introduction of the identification system.
“If our users started taking BAT out on their own initiative, we would be defrauded overnight massively.” Eich said.
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