BAT is no longer a top 100 crypto on CoinMarketCap, having fallen over 14% in the last month.
For those that don’t know, BAT is the crypto you receive for seeing ads on Brave browser.
I believe that BAT is still an incredible crypto for a number of reasons:
- Brave browser has 21.24 million daily active users and 55m monthly active users. This sort of activity dwarfs most other cryptos.
- Brave browser is a genuinely great browser which I would use even without the BAT rewards.
- BAT has a fixed supply of 1.5 billion tokens. No more will be printed.
- Brave uses its ad revenue to buy up its tokens to distribute as rewards. This constant buy pressure, along with a fixed supply, creates fantastic economics in the long-run. It is one of the only cryptos with genuine underlying cash-flows (that aren’t ponzi-esque in their dynamic)
- Brave has powerful companies using their ads service, with AliBaba a current ad provider.
I’m not going to make this post needlessly long. I think this short thesis is plenty of evidence for why BAT is an incredible asset.
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