Brave (BAT) Joins the BSC Ecosystem To Accelerate DeFi Adoption
Basic Attention Token (BAT), the native token to Brave privacy browser, explores multiple blockchains as a part of its Themis initiative and is now also available on Binance Smart Chain (BSC) as wrapped BAT. BAT holders can use numerous bridges that connect Ethereum and Binance Smart Chain to participate in the DeFi ecosystem on BSC.
Brave’s browser wallet currently supports Ethereum and BSC through a configuration change in the wallet, but Brave is planning to preconfigure support for Binance Smart Chain later this year. This will allow users to access BSC without downloading additional apps, creating new wallets, and updating configurations in the Brave wallet. Given the low transaction costs on BSC, Brave is also exploring the use of BSC to enable P2P tipping within the Brave browser.
“With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and Dapps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance,“ said Xiaoguang Zhang, Binance Smart Chain Ecosystem Coordinator.
“Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market,” said Brendan Eich, CEO and co-founder of Brave. “With wrapped BAT now available on BSC, we believe this is achievable. We are especially excited by the low transaction fees and scalability of Binance Smart Chain and how that enables us to build scalable and seamless DeFi applications for Brave users,” he added.
Brave browser is the first client and gateway to utility for the BAT token. Brave has grown to over 25M monthly active users (MAU) and over 9M daily active users (DAU). With its tremendous utility, BAT has over 3.8M monthly transacting users and over 13M Brave/BAT Rewards wallets.
About Brave and BAT
Brave Software’s fast, privacy-oriented browser, combined with its blockchain-based digital advertising platform, is reinventing the Web for users, publishers, and advertisers. Users get a private, speedier web experience with a much longer battery life, publishers increase their revenue share, and advertisers achieve better conversion. Users can enable privacy-respecting ads that reward them with BAT (Basic Attention Token), a token they can redeem or use to tip or contribute to publishers and other content creators. The BAT tokens will be used in the future to receive discounts and pay fees in an upcoming Brave DEX Aggregator.
Continue reading for news on ad blocking, features, performance, privacy and Basic Attention Token related announcements.
In connection with the upcoming release of the new Brave Wallet, we will be launching the Brave Swap Rewards Program, a new program that will allow swap users to recoup 20% of their swap fees.
As users are increasingly adopting privacy-preserving tools to protect their Web usage, Brave now has 36.2 million monthly active users (MAU) and 12.5 million daily active users (DAU).
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Starting today, Brave users who opt into Brave Rewards can use the new Gemini User Wallet to custody their Basic Attention Tokens (BAT).
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