Today Brave announced the launch of their new giveaway of $1M worth of BAT tokens giveaway to users of the Brave Browser in order for the to be able to support their favorite websites and video content creators on YouTube. Last month Brave was giving away 30 BAT tokens free to new users and now they are doing it once more, so if you have missed activating the Brave Payments option in the Brave browser you can do so now and claim your free BAT (Basic Attention Token) now. Last month Brave granted $50000 worth of BAT tokens to approximately 10000 users according to the company and all those tokens were claimed within 30 hours, so do not miss your chance now.
Each user that claims his free BAT tokens will receive approximately $5 USD in promotional BAT which must be used within 90 days, meaning that you need to send these tokens to websites or video creators that you wish to support. Publishers, websites, and YouTube channels that receive tokens from Brave users will open a new means of monetizing content amid declining ad revenues, increasing ad fraud, and arbitrary demonetization campaigns. Ultimately, publisher and user adoption should continue to drive greater utility for the BAT and that is the goal of these giveaways that Brave is doing lately, so don’t miss your chance to be a part of that…
How this works for users:
The promotion is available to all Brave desktop users using the latest Brave version (0.19.134). New users can participate by downloading the browser. Once a user accepts the grant from the promotion notification in the browser, the tokens will be displayed in their Brave Payments wallet (under the Preferences panel). Users can then support their favorite content providers automatically and anonymously.
How this works for publishers:
If you’re already a Brave-verified publisher, you can receive more BAT by announcing this promotion to your users and encouraging them to “pin” your site or channel in their Brave Payments panel. Users can also allocate a specific percentage to pinned sites. If you’d like to start receiving contributions from your audience, but are new to the BAT platform, simply verify your site or YouTube channel with us and Uphold. Publishers that set up an account with Uphold can collect these contributions 30 days after the end of the promotion, as BAT contributions are automatically converted to fiat and directly deposited into the publisher’s bank account via Uphold.
The freely distributed BAT tokens must be used within 90 days of being received to support publishers and creators, otherwise they will automatically return to the BAT User Growth Pool (UGP), a fund of 300 million tokens set up to incentivize users and publishers to join the decentralized platform. Do note that the Brave wallets are currently unidirectional, meaning that the tokens cannot be withdrawn and can only be given away to creators, so make sure to support your favorite publishers. This blog is a verified publisher supporting Brave Payments, so if you like what you read here feel free to show your support by using the Brave browser.
– For more details about the Brave announcement for $1 Million Crypto-Token Giveaway…