Brave, the company behind Basic Attention Token, has recently announced the release of ‘Brave Ads Rewards’ - a new incentive program which pays out BAT (LON:BATS) tokens to users who voluntarily view advertisements on the Brave website browser. The new opt-in feature promises to distribute 70% of all ad revenues to participating users, while Brave developers retain the remaining 30%. For now however, all BAT tokens received through the reward program can only be used for tipping content creators, and cannot be traded into fiat or other cryptocurrencies.
Brendan Eich, CEO of Brave tweeted,
https://twitter.com/BrendanEich/status/1085241158391844864
Following the announcement on March 8, bullish traders responded positively to the update helping the asset bank a further 20% gain. Yesterday however, the price action came up against a tough resistance at the 0.382 fibonacci level ($0.21), and started to correct. Today BAT is currently down 4.12% against the US dollar and flagging 3.61% behind Bitcoin. Can Basic Attention Token pick up where it left off and continue its impressive uptrend, or will the key fibonacci level prove to be too strong for BAT bulls? Let’s take a look.
The Story So Far
On the 1D BAT/USD chart we can see that the asset overall has been tracking inside a descending channel pattern f...
