Convert
Israeli New Shekel (ILS) to Basic Attention Token (BAT) Instantly
Purchase Basic Attention Token (BAT) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
Basic Attention Token (BAT)
Basic Attention Token (BAT) is a digital advertising token built on the Ethereum blockchain, designed to revolutionize the digital advertising landscape through its integration with the privacy-focused Brave browser. The project aims to solve inefficiencies and privacy concerns prevalent in traditional online advertising by fairly rewarding users for their attention, while offering advertisers better returns and publishers a more equitable revenue share. BAT creates a transparent and decentralized advertising exchange, leveraging blockchain technology to connect advertisers, publishers, and users directly. This system improves ad targeting efficacy through on-device machine learning without compromising user data, a key differentiator from conventional ad platforms.
The core technology involves the Brave browser, which blocks invasive ads and trackers by default. Users who opt-in to view privacy-respecting Brave Ads are compensated with BAT tokens. These tokens can then be used to tip content creators and publishers, access premium content, or be exchanged for other digital assets. For advertisers, BAT serves as the payment currency for ad campaigns, ensuring their budget is spent on verified user attention. As an ERC-20 utility token, BAT’s tokenomics are central to its ecosystem, facilitating a novel attention-based economy. It represents a significant effort to establish a more ethical and efficient model for digital advertising within the burgeoning Web3 infrastructure, making the advertising experience less intrusive and more rewarding for all participants.
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Frequently asked questions
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What is the primary method for purchasing Basic Attention Token (BAT) with Israeli Shekel (ILS)?
Typically, you would use a cryptocurrency exchange that serves customers in Israel and supports ILS deposits. The most common process is to use a fiat on-ramp to deposit ILS via a local bank transfer or credit card, complete the required KYC/AML verification, and then trade ILS for a major cryptocurrency like BTC or USDT, which can then be exchanged for BAT on the platform's order book. -
What is the core utility of the Basic Attention Token (BAT) within its ecosystem?
BAT is an ERC-20 utility token at the heart of the Brave browser's digital advertising platform. Its primary function is to quantify and monetize user attention. Users earn BAT through Brave Rewards for viewing privacy-respecting ads, and they can then use this digital asset to tip content creators and publishers, creating a new micropayment economy that benefits all participants. -
Are there fees associated with withdrawing BAT to a private digital wallet after purchase?
Yes. Since Basic Attention Token (BAT) is an ERC-20 token built on the Ethereum blockchain, withdrawing it from an exchange to a secure, private digital wallet will incur a network fee, also known as a 'gas fee'. This fee is paid to Ethereum network validators to process the blockchain transaction and its cost can fluctuate based on network congestion. -
Why might a direct ILS/BAT trading pair have low liquidity on exchanges?
Direct trading pairs between smaller fiat currencies like the Israeli Shekel (ILS) and specific utility tokens like BAT are less common due to lower trading volume compared to major pairs like BTC/USD or ETH/EUR. Exchanges prioritize listing pairs with high liquidity to ensure tight spreads and efficient order book execution. Therefore, the standard route involves converting ILS to a high-liquidity asset first. -
How does using BAT for tipping creators on the Brave browser enhance privacy?
The BAT tipping system, part of Brave Rewards, is designed for privacy. It uses an anonymous contribution protocol. The browser aggregates users' attention and contributions locally, sending anonymized data to publishers. This avoids the direct tracking and data collection inherent in traditional digital advertising and payment systems, allowing for financial support of creators without compromising user privacy.
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