Let's put SMOKE on BAT !

6 months ago

Today I want to draw your attention on an idea that's been spinning in my head for the last couple of days. It has to do with the BAT (Basic Attention Token) project and how it can be beneficial to the Smoke ecosystem as well.

BAT Token. What it is?

The platform is running on the main Ethereum network and is focused on blockchain based digital advertising. They are creating a platform for ad market based on user attention and interaction. The BAT token is beneficial to publishers, advertisers, and users within the open-source pay-to-surf Brave browser. Right now BAT is in the top 50 cryptocurrencies with a market cap of $160M.

Enter Brave browser.

The Brave browser is a Web 3.0 compatible browser addressing the needs for the next generation of internet users as well as the crypto enthusiasts. A secure web browser that blocks trackers and ads on the websites you visit and rewards its users for quality engagement. Launched by the co-founder of the Mozilla project and creator of JavaScript, Brendan Eich, this is a project worth looking into. What's more, Brave is also a crypto wallet for your BAT tokens that can be spent by sending tips to your favorite publishers on the web! Users can reward publishers, and publishers can use these dividends to make their services even better or do whatever they like with their BAT tokens, creating an ecosystem of value, just like Smoke does.

All this is happening without a third party who takes away your pie, it's all executed in the blockchain in a decentralised and transparent way. As you can see the Brave browser and BAT token are closely connected. It's also compatible with all the newly emerging Dapps out there. (Check out Stateofthedaps.com for more supported dapps). I consider this browser to be better and more secure than most browsers I've used over the years. It gets rid of all the annoying ads and makes browsing a much more pleasant experience.

Here's a brief introduction to Brave and BAT presented by Eich himself.

Just like Smoke, BAT wants to disrupt the advertising industry and bring relevant content to its users. User interaction, quality content creation, and fair distribution are fundamental to both platforms. Let's unleash the huge potential the emerging attention based economies are offering. Decentralised social media and censorship-free channels are giving back the freedom and power back to the user with cryptocurrencies and blockchain innovations leading the way.

The wallet

The brave wallet is very easy and intuitive to use. You can find it in your Brave browser in the upper right corner. Don't forget to back up your recovery key somewhere safe. No one has access to your keys! Also, anyone with a Brave wallet will receive periodically free BAT tokens that can be used to send tips to verified publishers. Free crypto, yey!!!


Brave wallet on the left, Metamask on the right.

Disclaimer: Currently the Brave wallet allows to only add tokens and send tips. Sending funds to other wallets is not yet available. So if you want to hold or trade BAT tokens don't put them in your Brave wallet just yet. The token is a standard Ethereum ERC20 token that can be stored on Metamask for example. I'm sure that in the future many new features will be implemented. Use the balance in your Brave browser to send tips to websites.


SMOKE + BAT 🚀

So let's do what looks like the most logical thing and get smoke.io listed on the BAT publisher index. Let's make Smoke.io a Brave Verified Publisher. This process is completely free. Once smoke.io is verified as a legit website anyone can send tips. We need to spread the word and ask some of the creators of Smoke.io to verify and claim our domain name over at https://publishers.basicattentiontoken.org. The cool thing is that anyone using the Brave browser receives weekly free BAT tokens that can be used to reward verified sites. So why not put that into Smoke.oi?

You opinions and suggestions are welcome.


#bat #smoke #cryptocurrency #witness



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:)

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That's another good option to get added to the smoke network. Though smoke don't need an gadget with it, it already is pretty complete but a combination can still benefit more for both the projects.

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No we, don't really need that, smoke is just fine the way it is, but as these networks grow we can participate in something amazing and help each other. An if we make some crypto along the way even better.

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I’m not sure what or how you would want to add that to smoke and implement that. The main issue here is a “desire for free tokens”, I think. But it’s important to also realize that handing out too many tokens dilutes the value of a token. Why would anybody spend on a token if everyone else gets them for free, without “work”/creation?

Is the brave browser paying out yet?

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Looks like it ye. : Screen Shot 2019-01-21 at 10.27.27.png

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Yes, you get weekly grants of 35 BAT.

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$3.5 not a lot :/

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but at least it is something @indica :D

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Per Brave user. Imagine Google did this. :')

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Yeah , even if about 3000 unique users tip all of the 35 tokens monthly free BAT to smoke.io, it can easily be about $30,000+ on a monthly basis 🌿

Excellent idea. Pinging @stoner to this.

As both smoke and BAT eventually take off it will all add up. 🦇

Now Brave just needs to integrate BAT (time on site) in its mobile versions too but that maybe more of a challenge until it happens. Post-PC era aso.

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There is much more work to be done, but I think we are all heading in the right direction.
Thanks for the support!

Brave browser is already my favorite!!

Btw they also plan on paying the users soon for watching their ads. “Earn for watching adds”. Right now only blog owners/website owners can earn when people who visit tip them with their weekly/monthly free BAT allocated to them.

Users also get option to tip one website more than the other, and also you can tip multiple times(until you have some BAT token left).

Right now the program is encouraging for the content creators who owns the website. But soon it will also help the users as well.

Irrespective of the payment , the browser itself is amazing!!

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I wish both platforms luck!

Great initiative.

One downside I see is the use of the non scaling Etherium network.

Another problem I have, is the lack of a Debian package for Brave.
Trying to get the Ubuntu version to work.

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We are still in the very early stage. I'm sure as time goes on many more improvements will be made across the blockchain space.

So the smoke.io website would receive tips? What would be the use of these tips? Similar use to funds raised via ads? 🤔

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We will hodl these for some time I reckon. No point selling a small amount of BAT monthly.

It is quite interesting tho, as far as I can see Brave users get free BAT weekly which in turn goes to the sites they visit.

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Yes, you can set up Brave to tip automatically or you can do this process manually.

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Pretty cool. I wonder how they plan to scale this if its all on ETH. :D I guess the sites coins are all internal until someone withdraws to uphold.

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They’re probably having a case of STINC’itis.

Waiting for the roadmap. What with those 1m hourly transactions Vitalik said would be easy to achieve.

Imagine all the GAS wasted. 🙈

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It's up to the publisher. On smoke we get votes for free. What I do with the rewards is my own business. If we manage to raise some capital with the BAT network I'm sure the money will be well spent. I just want to give something back to Smoke.

Can you use Brave on IOS?

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Yes, it is supported in iOS
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