Bathing in the Basic Attention Token (BAT) is it the first successful Utility Token?

The Basic Attention Token (BAT) is the most successful, and highest profile, Ethereum utility token, but what gives BAT its value?

For instance, BAT is the only Ethereum utility token that America’s most popular cryptocurrency wallet Coinbase lists. In addition, CoinmarketCap gave the Basic Attention Token a Market Capitalization of $249.886 million and a 24-Hour Market Volume of $16.291 million on 25 March 2019.

However, the BAT had a Coin Price of just 20.1₵ on the same day. In addition, the BAT is CoinMarket Cap’s 25th most popular token. Interestingly, BAT’s Market Cap is less than such questionable coins as Ontology (ONT) and Monero (XMR) in CoinMarketCap’s rankings.

However, there is a lot of interest in the Basic Attention Token (BAT). For instance, there was a Circulating Supply of 1.244 million BAT and a Total Supply of 1.5 million BAT on 25 March 2019.

Plus the BAT is part of the popular liquidity networks run by Bancor and the Nuo.Network. To explain, liquidity networks make it easy to borrow against tokens enabling margin trading and fast conversion. Hence, BAT tokens are very popular with speculators and trade on many exchanges.

What is the Basic Attention Token (BAT)?

Despite its popularity, the Basic Attention Token is not a cryptocurrency. Instead, the BAT is an Ethereum Request for Comment (ERC20)…