BAT Jumps 10% as Brave Releases Chromium-Based Browser

Francisco Memoria

The Basic Attention Token (BAT) has recently seen its price jump about 10% after Brave, a browser devised by JavaScript creator Brendan Eich, launched a new Chromium-based version with support for Chrome extensions.

The Brave browser is a privacy-oriented one, that has been downloaded over 10 million times from Google’s Play store and has a built-in ad blocker. It also blocks third-party trackers by default and, as such, uses the BAT token to reward publishers for their content.

According to CryptoCompare data the token saw its price surge from $0.21 to a high of over $0.245, before it started to correct and dropped down to about $0.232. In the last 24-hour period, it’s up by over 10%.

Brave's BAT token surged

The jump came shortly after Brave launched a new stable version of its desktop browser based on Chromium, which the organization claims is 22% faster than the previous version, an improvement that “can represent savings of 8 to 12 seconds on certain sites.”

The new version added support for Google Chrome extensions, as well as a few advantages including a BAT token airdrop for every user who downloads it. Other features still to come include cross-platform synchronization, as well as a release of its Brave Rewards program, which is currently in beta.

The Brave Rewards program has seen public trials get launched and a few details released. Reportedly, users who decide to see ads will receive 70% of the revenue from ads “delivered directly to the user in a separate ad tab,” and 15% from ads that appear on websites, called “publisher ads,” in the form of BAT.

Per the chief executive of the privacy-centric browser, users can make as much as $70 in the year of 2019 opting in to view ads. Its advantages have notably been helping Brave gain popularity, so much so it went from 4 million monthly active users in early September to 4.6 million in early October.

BAT holders may have other reasons to remain bullish. Back in July San Francisco-based cryptocurrency exchange Coinbase revealed it was considering several cryptoassets, one of them being BAT. Another cryptoasset it was considering, ZRX, has been listed.

Dubai-Based Real Estate Giant Aiming to Launch Token on JPMorgan’s Quorum

Siamak Masnavi

Dubai-based real estate developer Emaar Properties says that it plans to launch this year a blockchain-based referral and loyalty platform called EMR that is being built on Quorum, JPMorgan Chase's enterprise-focused fork of Ethereum.

Emmar Properties is one of the world's leading real estate development companies. Its best-known project is Burj Khalifa, which is the world's tallest building. This is a skyscraper in Dubai, United Arab Emirates (UAE) that has a roof height (i.e. total height - the height of the antenna) of 828 m (2,716 ft ).

According to a report published on October 17 by local media outlet ArabianBusiness.com, the EMR platform rewards Emmar's customers with EMR tokens. Emmar says that these tokens "will not only be redeemable in Emaar’s real estate, hotels, ecommerce operations and malls, but can also be traded with other users."

Emmar Chairman Mohamed Alabbar had this to say:

We didn’t become Emaar by standing still, or by thinking small. By launching the EMR utility token ecosystem, Emaar is expanding the concept of connection. We aren’t just looking into the future — we are building it.

It will be possible for customers to use a mobile app (available for iOS and Android) to "access the referral and loyalty system and earn or redeem EMR tokens."

Hadi Kabalan, director of tokenisation at Emaar, stated:

We have an existing ecosystem and a large customer base, as well as millions of further potential users globally who have yet to discover Emaar. Our blockchain token platform positions us to grow our user engagement with today’s digital-native, mobile-first generation who expect a fairer internet and want to be part of the conversation.

For those of you who have not come across Quorum before, here is how a member of the Quorum team described the project in a reply to a Reddit post in November 2018:

"Quorum is a fork of the go-ethereum (geth) client with a few updates that add enterprise level features such as supporting private txns, node permissioning, fast consensus algorithms, block finality, and some others. It was originally created through a joint effort by JPMorgan and core engineers from the Ethereum Foundation. Beyond that, it has advanced to keep up with geth releases and has a full time team dedicated to it and its sub projects... Quorum does not have a mainnet, and the expectation is that users of it set up their own network, be it private or otherwise (we are aware of several that are public)."

Featured Image Credit: Photo via Pixabay