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).

Tether Gold (XAU₮): A New Tokenized Gold Product Built on Ethereum and TRON

Siamak Masnavi

On Thursday (January 23), Tether launched a new product called Tether Gold (XAUt), which is a crypto token -- available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain -- representing "ownership of one troy fine ounce of physical gold on a specific gold bar" held in a Swiss vault. 

Paolo Ardoino, CTO at Tether, had this to say:

There is growing demand for digital exposure to physical gold, making the launch of Tether Gold a timely innovation in the crypto ecosystem. Tether Gold provides the combined benefits of both physical and digital assets, removing the drawbacks of holding gold in more traditional ways, such as high storage costs and restricted access.

The XAUt token "can be transferred to any on-chain address from the purchasers' Tether wallet where it is issued after purchase." A particular gold bar(s) "will be associated with each on-chain address where Tether Gold is held."

The allocated gold is "identifiable with a unique serial number, purity and weight" and XAUt token holders are able to verify "the details of the gold bars associated with their address" via the Tether Gold product page on the Tether website. 

Tether Good Lookup.png

Tether Gold is a cryptoasset issued/sold by TG Commodities Limited (a UK company incorporated in December 1998). Each XAUt token represents "one troy fine ounce of gold on a London Good Delivery gold bar" and may be "fractionalized up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce)." 

Here are a few more important things you should know about Tether Gold:

  • You need a verified account with TG Commodities Limited if you want to buy XAUt directly from its issuer. The minimum purchase amount is 50 XAUt (worth approximately $78,250 as of 23 January 2020). The purchase price must be paid in USD.
  • XAUt tokens can be traded on supported exchanges (such as Bitfinex) "in fractions as small as the exchanges permit.", but you do need to pay 
  • There are no custody fees, but you do need to pay "a one-time 25 basis point fee at the time you purchase an XAUt from TG Commodities Limited and certain additional fees on redemption." 
  • To redeem Tether Gold tokens, you need a verified account with TG Commodities Limited. You must have at least "one full bar of gold worth of tokens" in order to use the redemption service. The physical gold can be delivered to either somewhere in Switzerland or the XAUt token holder can ask TG Commodities Limited to sell their physical gold and receive USD from the proceeds of the sale. 

Featured Image Credit: Photo via Pixabay.com