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That’s like asking where did all the Kickstarters go. The answer is it depends, some are now successful businesses/projects, some didn’t make it.
by theboywho 3y ago
That’s like asking where did all the Kickstarters go. The answer is it depends, some are now successful businesses/projects, some didn’t make it.
- petesergeant 3y agoWhich ICOs turned into successful businesses or projects?
- Kranar 3y agoBrave the web browser. Filecoin for data storage. Augur the decentralized prediction platform. Numerai the hedge fund.
- jeremyjh 3y agoBut which ones were successful?
- robopsychology 3y agoEthereum?
- pavlov 3y agoWhat does the Brave token do? How many of the browser’s users actually interact with the token? Was the ICO necessary for Brave in any way? Genuinely asking because it’s the only one of these which could be familiar to someone who’s not deeply into crypto.
- 0xbadc0de5 3y agoYou "earn" BAT by accepting ads via notification. You can then donate this to other sites/creators (at least in theory). I tried it and managed about $25 USD of BAT over the course of a year. The catch is that it's impossible to convert to anything useful. So it's basically just vaporware. I have since stopped that experiment.
- Kranar 3y agoThe conversion is useful for the advertiser, not the user. The user simply sells their BAT back to the advertiser.
- flarex 3y agoIt has inbuilt clients that connect to Tor, IPFS and an ad blocker that can generate a small amount of income just for browsing the web. Their token is used to pay users for receiving adverts. ICO probably wasn't necessary but at the time it was a good way of both marketing and raising money.
- pavlov 3y agoLooks like the Brave BAT token trades at 0.29 USD, roughly the same price as five years ago. That seems like a good performance for a 2017 ICO since most of them went to zero. I wonder how the secondary market works. It’s convenient for Brave to pay you in BAT for watching ads. Then you probably want to convert those BAT earnings to money since this is a token with no obvious reason to appreciate (as the price history shows). Who’s buying ad-earned BAT at 29 cents and why? Does Brave pay for market-making?
- Kranar 3y agoThe people advertising buy BAT back from the users so they can continue advertising. As ads get served, BAT gets transferred from the advertiser to the user. The user then sells their BAT on an exchange, and advertisers buy it so they can continue advertising.
- rainytuesday 3y agoThe most interesting thing about Brave Token is that they can distribute money without knowing bank details. They give you Brave tokens, you cash out through Coinbase. Coinbase needs your identity/bank routing details, but Brave does not.
- pavlov 3y agoSomeone needs to buy the BAT tokens on Coinbase. Who does that? There doesn’t seem to be an obvious reason for anyone to hold this token. Is it Brave themselves buying the tokens or paying a market maker? That would complete the loop you describe where the token is simply a way for them to pay semi-anonymously.
- Kranar 3y agoThe loop is that advertisers acquire BAT (typically by purchasing it for cash from an exchange like Coinbase). That BAT is then distributed to people who view the advertisements, who then sell it back to the advertisers for cash. Brave does not buy the token or pay any market maker, it's a simple cycle between advertisers and viewers.
- rainytuesday 3y agoi thought i read brave did buy them back from cb, but i dont have a reference handy
- flarex 3y agoAugur and Numerai are unlikely to be successful long run given their current usage. Filecoin is up in the air, Brave seems to be doing okay.
- Kranar 3y agoWhat's the issue with Numerai?