The decentralized finance (DeFi) sector is rapidly growing but still faces significant challenges. For example, one of the biggest issues DeFi must address is Impermanent Loss (IL). This is a problem that can have serious consequences for liquidity providers. Today's review will examine how SMARDEX intends to solve the IL problem and end liquidity providers' unjust losses. We'll also look at all the services that SMARDEX offers and examine the project's tokenomics. What Is SMARDEX? SMARDEX is a project intending…
A Beginner’s Guide to Understanding Brave Browser and BAT
Brave browser is built to give users a better internet experience by ensuring fast, private, and secure browsing. It blocks ads and trackers and rewards users to view privacy-respecting ads using their Brave Rewards feature.
Brave uses Basic Attention Token (BAT) as an in-house crypto token to connect and reward users, publishers, and advertisers on its platform.
BAT is an Ethereum blockchain-based or decentralized platform transforming digital advertising into a transparent ads exchange medium. Through BAT token, users, publishers, and advertisers on the Brave browser can connect directly in a decentralized manner and be rewarded for their effort.
By blocking annoying ads and background trackers, you need to be aware of while browsing; Brave ensures you can safely surf the internet at warp speeds. It is faster than popular browsers, including Chrome, Firefox Safari, and Badu, and is available for PC and mobile phones.
Eliminating the Digital Marketing Middlemen, the Blockchain Way
There is no fraud, no tracking, and no third parties with Brave digital advertising. It has been referred to in the past as the next-generation smart browser that rewards users and enhances their experience while at the same time taking down the menace that is the current digital advertising industry.
Digital advertising has taken over the world, with over 30% of the world’s population having an online presence on more than two platforms. As a result, social media platforms are bombarded with ads, making them a nuisance for users, a nightmare for publishers, and a hit-or-miss affair for advertisers.
Today, the reality of using centralized servers is that the privacy, resources, and even the dignity of users are abused on the internet. But on the other hand, content publishers are overwhelmed, while advertisers need to be sure they will get quality for their money.
While advertisers and publishers benefit when a user watches an advertisement, the user rarely gets anything out of it. Most of the time, even indirectly, it costs the user to watch an ad.
The exploitation goes even further, with publishers collecting users’ data and using or selling it without the user’s consent to produce more personalized ads to target them and predict consumer trends. Again, this represents a major violation of user privacy and personal information.
Get Value for Your Attention with Brave
Blockchain technology is looking to transform every industry for the better. However, many industries use archaic models despite the digital revolution and need a better digital transformation.
Basic Attention Token helps users to monetize their attention while watching advertisements. This way, everyone gets paid; users choose to watch ads, advertisers get more honest feedback, and publishers are motivated to produce quality content.
All this magic happens inside Brave, where privacy and safety are paramount. For example, instead of being bombarded with unwanted advertisements, users can choose what ads they want to watch and get paid.
In regions where Brave Ads are available, users get Brave Rewards for viewing ads. They can also make extra money by choosing to view Brave native ads. Referrals also earn extra BAT if they refer Brave to people who download, install, and use it for a month or more.
Content publishers get tipped when they join the Brave publisher program. Users can also tip or contribute monthly to their favorite content publishers.
Brave creator estimated by 2020, users would earn more than $200 a year from viewing ads. 70% of revenue generated from ads goes to users, while Brave takes only 30%.
BAT tokens can be used to support content creators or be transferred and converted into fiat or other digital currencies through Uphold.
Brave Is Open Source, User-Friendly, and Streamlined For Optimal User Experience
Chrome lovers will especially love the Brave browser, which is based on chromium, just like chrome. If not for a few website compatibility preferences, the Brave browser offers a great browsing experience.
Chromium is part of the chromium open-source projects on which Google chrome and Chrome OS are based. It is built to provide a much more stable, safer, and faster browsing experience for its users.
The brave ad-block feature helps users save on their data plan, time, and money by constantly blocking ads that slow down the connection and serve spamming and unwanted advertisements.
Its modern, streamlined interface is easy to use and facilitates a smooth transition from other browsers. In addition, users can import cookies, bookmarks, and other details during installation.
Besides a few websites that prefer specific browsers for compatibility reasons, Brave can easily be any user’s default web browser for that fast, safe, and private browsing experience.
How to Buy and Store BAT
BAT is listed on over ten crypto exchanges, including prominent exchanges like Binance, Binance US, Coinbase Pro, Shapeshift, Huobi, Kraken, Bithumb, and Bitfinex.
You can opt to buy BAT using fiat currency on exchanges like Kraken. The process is rather lengthy, but you can buy BAT in USD. Alternatively, you can buy another cryptocurrency with fiat money and exchange it for BAT.
After buying BAT from an exchange, moving into a private wallet is safer than leaving them on the crypto exchange unless you plan to trade soon. Even though they are based on blockchain technology, exchanges use a centralized operation mode, which is more susceptible to hacking and puts your tokens at a greater risk.
Therefore, a private hot or cold wallet is the best way to store your BAT. The brave browser offers users their hot storage wallet, Crypto Wallet, which stores various cryptocurrencies, including BAT and ETH.
In conclusion, it is important to note that while the Brave Browser is available worldwide, Brave rewards are currently only available in the U.S., Canada, the UK, and France. However, the Brave team also promises to offer Brave other geographical locations and rewards.
Subscribing to BAT is completely optional, and users can still use their Brave wallets to store other cryptocurrencies once Uphold verifies them.