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What is the issuance price and issuance volume of BAT coins?
BAT's initial issuance price during its ICO in May 2017 was $0.15, with a volume of 1.5 billion tokens.
Nov 20, 2024 at 05:50 pm
What is the Issuance Price and Issuance Volume of BAT Coins?
Introduction
Basic Attention Token (BAT) is an ERC-20 utility token that powers the Brave browser and its ecosystem. BAT was created to reward users for their attention and engagement with online content.
Issuance Price
BAT's initial issuance price was $0.15 during its initial coin offering (ICO) in May 2017. This price was determined based on the token's estimated value and the funds needed to develop and launch the Brave browser.
Issuance Volume
The initial issuance volume of BAT was 1.5 billion tokens, with a maximum supply capped at 1.5 billion tokens. This supply was divided as follows:
- 200 million BAT (13.3%): Sold during the ICO.
- 1 billion BAT (66.7%): Held by Brave Software International for development and operations.
- 300 million BAT (20%): Reserved for future distribution to users and contributors.
Additional BAT Issuance
Since the initial ICO, Brave has issued additional BAT tokens to fund the growth and development of the Brave ecosystem. These issuances have been conducted through various means, including:
- Brave Rewards: BAT is distributed to users who opt into the Brave Rewards program and view ads in the Brave browser.
- BAT Grants: Grants are provided to developers and projects that contribute to the Brave ecosystem.
- Strategic Partnerships: Brave has partnered with organizations to offer BAT as a reward for user engagement or as a payment mechanism.
The additional issuance of BAT tokens has increased the total supply beyond the initial 1.5 billion tokens. As of February 2023, the circulating supply of BAT is approximately 1.8 billion tokens.
Key Considerations
- Token Distribution: The distribution of BAT tokens among various stakeholders ensures a balance between funding development, rewarding users, and fostering ecosystem growth.
- Adjustable Issuance: The ability to issue additional BAT tokens allows Brave to adapt to changing market conditions and support the expansion of the Brave ecosystem.
- Token Value: The value of BAT fluctuates based on market demand, supply dynamics, and the overall adoption of the Brave browser and its ecosystem.
- Utility and Adoption: The success of BAT as a utility token depends on the adoption and usage of the Brave browser and the integration of BAT into the wider blockchain and digital advertising landscape.
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