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Well, I'm talking about the Brave Browser which has been the number one go-to browser of crypto enthusiasts since its introduction in 2016.
It is fast and has strong privacy features but what has hooked many crypto users out there is the Basic Attention Token (BAT) which serves as reward to users its usage and for viewing privacy respecting ads built on the browser.
Yesterday, the BAT generated a lot of attention in social media because of its spectacular performance.
In just one trading session, its value increased by 35.57%, from $.6201 to $.8406.
What could have caused that rapid price appreciation of BAT?
There are two major events that triggered the BAT rally and these are:
1. BAT Road Map 2.0 - Issued in Feb. 22, 2021
With this roadmap, the company aims to make crypto and decentralized finance (DeFi) accessible and usable for everyone through:
- introduction of a new and improved BRAVE wallet
- decentralized exchange aggregator to enable token swaps with distinct advantages and added value for Brave/BAT users
2. Acquisition of a search engine - Published in March 3, 2021
In a move directly aimed at challenging the dominance of Google, BRAVE announced that it has acquired Tailcat, the open search engine developed by the team formerly responsible for the privacy search. Soon Tailcat will become the foundation of Brave Search development.
According to BRAVE, the search engine will be guided by the same principles that made the BRAVE Browser highly successful.
Brave Search is private: it does not track or profile users.
Brave Search is user-first: Brave serves the user first, not the advertising and data industries.
Brave Search offers choice: ad-free paid search and ad-supported search.
Brave Search is independent: it will rely on anonymized contributions from the community to improve and refine Brave Search.
Brave Search is transparent: it will not use secret methods or algorithms to bias results.
Brave Search is seamless: it will offer best-in-class integration between the browser and search without compromising privacy, from personalization to instant results as the user types.
Brave Search is open: Brave Search will shared to power other search engines.
Even before the Road 2.0, there was already accumulation happening in Feb. 9 which drove prices higher only to return back to the $.400 price level. Are they traders with nerves made of steel or someone with insider information? It could be both. One thing for sure, their boldness to enter early is now paying handsome rewards.
With these two events, I felt FOMOed (Fear of Missing Out). That same evening, I also bought my 121.269 BATs which amounted to $116.84 broken down as follows:
Amount 121.26999 BAT
Exchange rate @ USD 0.82461 / BAT
Subtotal USD 100.00
Processing fee USD 4.50
Network fee USD 12.34
Total charge USD 116.84
I felt unhappy with my purchase at Moonpay.com because there was a very high spread with what was published on Coingecko.com. I thought I was buying BAT at $.78 a piece but apparently I was mistaken. I was also surprised with the high network fee and processing fee. If you got a recommendation where could I buy BAT at a lower fee, please feel free to write your comments below.
The second trigger of the rally made me reflect which company might be affected by this acquisition. I was certain that it will affect competition with Google. However, another start-up company which is also a crypto favorite of mine will surely be coming up with strategies to counter this move. I am speaking about PRESEARCH.
If you have never heard about it, PRESEARCH is a decentralized search engine built on a blockchain that rewards users PRE Tokens for every search. The current value of 1 PRE Token is $0.060136.
I do not have any connection with the company I am writing about. I am not being paid to write this article.
I do this to spread awareness to other readers and users about various platforms using crypto currency and blockchain technology. If you like my content, please hit like and subscribe. Any amount of tip would be appreciated as I spend also countless hours to test and experiment these services so that I could write about them and in the process, get you informed.