Brave Browser Starts Testing a Twitter BAT Tipping Feature on Its Developer Version

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The popular cryptocurrency-powered Brave browser has recently started testing a Basic Attention Token (BAT) tipping feature for Twitter on its developer channel, allowing users to tip others for tweets they like directly on the microblogging platform.

According to Brave, the new feature is still being tested and will seemingly let users tip BAT as easily as they would like or retweet posts. The tips are instantly sent to verified content creators.

It’s worth noting the developer version is much less stable than the browser’s stable version, as it’s where developers often test new features before they’re rolled out to other users. The Brave Ads program was first tested on it as well.

The Brave browser offers users privacy-centric features, as it blocks ads an trackers by default. This, along with the premise of earning crypto for browsing, has helped it become popular, so much so it surpassed 20 million downloads in March of this year.

Notably, the feature comes shortly after Brave started allowing users to earn its BAT token for seeing ads. As covered, Brave users in the U.S., U.K., Germany, and France can opt-in to see ads and earn up to $5 a month worth of crypto for it, with the featured set to be rolled out to other regions in the future.

Tokens users earn are, by default, distributed to websites and content creators on platforms like YouTube and Twitch, according to the time they spend on their content. These parameters can be changed to allocate specific amounts to specific publishers, or users can simply keep their tokens while waiting for a withdrawal option to be available.

In April of this year Gab, a purportedly uncensored social media microblogging platform, forked the Brave browser to create a “free-speech browser” and, in the future, a “free-speech marketplace and app store” powered by bitcoin.

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. 

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