Showing posts with label Token. Show all posts
Showing posts with label Token. Show all posts
Brave Browser - Basic Attention Token (BAT)
Free BAT grants are given out each month and have a limited supply. If you do not see an option to claim any in Step 3, check back again next month! Or if you want to start earning, check out our tutorial on how to earn BAT by turning on Brave Ads.
This free BAT is given out by Brave from their User-Growth-Pool (UGP), which is intended for promoting the Brave platform. Thus, this free BAT cannot be withdrawn to your own wallet for personal use. And as such, this free BAT can only be used towards donating to your favorite websites, YouTubers, or Twitch streamers (more platform support coming soon).
Tokens vs Coins
Tokens -
Token is a unit of value for a technology platform or a project issued by a crypto company or a startup. It is intended to be a part of the ecosystem for that project. Tokens run on the blockchain, they are supported by it, one can say they are the opposite of coins which support the blockchain. Tokens are not mined and aren't primarily meant to be traded on crypto exchanges but in most cases they are traded. The most common term for tokens is "ERC-20 token" which refers to a type of a protocol on the Ethereum blockchain.Depending on the token's functionality it may be classified as a utility or a security token. Utility token represents a unit of account for the network. The bigger the network grows, the more utility in the token as the supply is limited. Security token is any token th
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