Purchase Basic Attention Token (BAT) with Morocco Dirham (MAD) easily at Switchere and benefit from fast, secure transactions.
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.
Direct MAD/BAT trading pairs are uncommon. Typically, the process involves using a P2P platform or a local fiat on-ramp that accepts MAD via bank transfer or local payment methods to buy a major cryptocurrency like USDT or BTC. You then transfer this digital asset to a major cryptocurrency exchange and trade it for BAT on the corresponding order book. Always use platforms with robust KYC/AML compliance.
Most exchanges prioritize trading pairs with high liquidity and trading volume, which are typically dominated by major fiat currencies like USD and EUR. The MAD/BAT pair has lower demand, so exchanges don't create a dedicated order book for it. The standard practice is to first convert MAD to a highly liquid digital asset like a stablecoin (USDT) or Bitcoin (BTC) and then perform a crypto-to-crypto trade for BAT.
The regulatory landscape for cryptocurrencies in Morocco is evolving. Historically, the authorities have issued warnings against their use. It's essential for users to stay informed about the current stance of the 'Office des Changes' (Foreign Exchange Office) and Bank Al-Maghrib. While P2P transactions are common, always proceed with caution and be aware of potential legal and financial risks associated with cryptocurrency transactions in the region.
BAT is an ERC-20 token on the Ethereum blockchain that revolutionizes digital advertising. Within the privacy-focused Brave Browser, users can opt into Brave Rewards to earn BAT for viewing privacy-respecting ads. This BAT can then be used for tipping verified content creators, redeeming rewards, or be held as a digital asset, creating a new economy based on user attention.
For secure trading and storage, it is crucial not to leave your BAT on an exchange long-term. Transfer your BAT to a personal digital wallet where you control the private keys. Since BAT is an ERC-20 token, it can be stored in any Ethereum-compatible wallet, such as a hardware wallet for maximum security or a reputable software wallet. Always back up your seed phrase securely and never share it.
Since BAT is an ERC-20 token operating on the Ethereum network, every blockchain transaction (like transferring BAT between digital wallets) requires an Ethereum network fee, known as 'gas'. Gas fees are paid in ETH, not BAT, and they fluctuate based on network congestion. Therefore, you must have a small amount of ETH in your wallet to cover the gas cost for any BAT transaction you wish to make.