Brave Browser Giving Away 100K BAT To Content Creators In New Contest

The privacy-focused Brave Browser is hosting a contest where they are asking content creators and publishers to produce a short video explaining why they are using the browser and why they are excited about its features. Brave is offering a huge cryptocurrency reward to the winner in the form of 100,000 Basic Attention Tokens (BAT), to be distributed between the top ten content creators.

Publishers are being asked to create a 2- to 5-minute video announcing that “Brave Crosses the 4 Million Monthly Active User (MAU) mark,” and post it through their YouTube accounts.

Winners will receive, 50K BAT for first place, 25K BAT for second place, 10K BAT for third place, 5K BAT for fourth place, 3K BAT for fifth place and 2K BAT each for sixth through tenth place.

The contest is said to commemorate the passing of the 4 million monthly active users milestone.

According to a post from Brave:

Anyone who is a Brave Verified Publisher can participate. Videos should be uploaded to YouTube by Friday, October 12th, 2018, and should be 2 to 5 minutes in length. Other than that, get creative, as we welcome any style and any format!Winners will be rewarded in Basic Attention Tokens (BAT). 100,000 BATs are up for grabs. They will be divided amongst the top ten winners of the leaderboard (based on the highest number of Brave user installs globally, generated by that video via a customized referral link), as well as the top three most creative videos. We’ll also promote winners in social media and in our community.

You can enter the contest on Brave’s website.

According to a recent online statement from chief executive Brendan Eich, Brave users will be able to earn sizeable rewards just for viewing ads.

Users and publishers will both be paid out in the Basic Attention Token (BAT), which has a native wallet build into the browser. Since the size of the payouts are actually tied to the price of BAT, Eich predicted that net user revenue could reach as high as $70 next year and a projected $320 in 2020 if BAT prices increase.

Earlier this month, CryptoGlobe reported that Brave dumped Google in France and Germany over concerns that the search engine was sharing user data with third-party companies for the purpose of personalizing advertisements. Brave has also filed a formal complaint against Google in Europe, alleging that Google's advertising practices violate the new General Data Protection Regulation (GDPR).

India’s Finance Minister Says Countries Are 'Rushing' Into Cryptocurrency

  • India's Finance Minister and Reserve Bank Governor cautioned against countries rushing into digital currencies. 
  • IMF Director Kristalina Georgieva said the organization is taking a "balance approach" to regulation.

Reserve Bank of India Governor Shaktikanta Das and Minister of Finance Nirmala Sitharaman cautioned that countries are rushing into cryptoassets, in the wake of Facebook’s handling of libra. 

Das spoke on cryptoassets earlier in the week at the annual meeting for the International Monetary Fund and World Bank. Sitharaman told Indian reporters of the meeting, 

On our side, the Reserve Bank Governor spoke about it during our turn to intervene. I got the sense that many countries were cautioning on rushing into this.

Das continued, explaining how some officials took issue with libra being labeled a ‘stablecoin,’

Some of them [countries] of course even suggested that they shouldn't be using, all of us shouldn't be using the name stable currency because that's the expression they used. Many cautioned to the extent saying even the name should not be stable currency, it should relate to virtual currency or something of the kind.

Sitharaman said the general consensus was that countries need to show “extreme” caution in the handling of digital currencies. However, she also admitted there were discussions about the benefits of digital currencies, saying that "presentations were also highlighting the strenghts of such virtual currency."

IMF Managing Director Kristalina Georgieva said the organization is taking a “very balanced approach” to crypto-assets while being “mindful” of the risks they pose for consumers. 

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