BAT has almost reached it's maximum circulation! How will price play out now?

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(Edited)

It looks like BAT, the native token of the BRAVE browser, is up closing it's max circulation of 1.5 billion tokens:

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As I have mentioned a couple times in the past, BAT is by far one my favourite cryptos. And now with its max circulation almost reached, I am really curious to see how the price plays out, as it will essentially become a deflationary token. There are no official burns, but you know... People die. People lose passwords..People lose their wallets etc etc.

Unfortunately, despite the fact that more and more people are using the BRAVE browser in the past 3 years, the price has been quite stagnant, ranging at around 10-30 cents. But although price is depressing, adoption is not, as BRAVE reached 20 million MAUS in October:

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Same for ad revenues, which are on a constant climb. In case you are not familiar with the tokenomics, BRAVE by default blocks all intrusive ads on the websites you visit. However, if you opt in, it replaces those ads with BRAVE ads. And the ad revenue from these ads is used to buy BAT from the market. 70 % of those bats returns back to the users of BRAVE and 30 % goes to the team for further development. Here's how these revenues and token buys look like in the last two years:

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source

As you can see there is a clear upwards trend (November has only begun so don't mind the steep dive in the end of the graphs).

With a slightly declining circulation and with MAUs and ad revenues increasing by the month, imo it's just a matter of time before BAT breaks. Or not. Lol.

All I know is LEO and BAT were two of my biggest investments and bets last and this year. The first has already started to pay off big and I think the time for BAT is coming soon so I am hodling my bag super tight. In the meantime, I will keep donating the free bats I earn from BRAVE to my favorite content creators and sites. That's one of the reasons I love BAT after all! I get to tip people...FOR FREE!

BTW, here's my most recent tip, send just a few seconds ago.

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Do you hold any bats? What do you think the future holds for it?

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Does it mean it s the time to hold bat? With maximum circulation , bat will be deflation while the users of brave browsers increase. Wow, as law supply and demand, will bat price increase significantly?

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BAT indeed is a pioneer in its field and being so it holds the advantage over the others. I know that other upper members from LEO Finance are invested in it, I hold also a small investment and I think there will be a great future for it.

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Check coingeko, it's showing 1,486,868,944 / 1,500,000,000...
Now check conimarketcap again and it's... 1,494,764,488. It's not even what you have in your screenshot. I refuse to use coinmarketcap any longer. In regards to Brave... great project, been using it daily for such a long time.
BAT, meah... that circulating supply keeps on fluctuating and I find it ODD. My gut feeling tells me though that it somehow replicates the price performance of XRP in 2017-2018.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 30 of my contest just started...you can now check the winners of the previous week!
!BEER
7

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You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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The only question I have - how will they pay users when circulation goes max?

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What do you mean how? They use ad revenue from the ads to buy tokens from the market. 70 % of that goes to the users. It's how it's been for the last couple 2 years.

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Oh, I thought the tokens were created from the pool. Great to know! Now the only way is up, right? 😅

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I've bought a bit of BAT too, it is strange me how it's been declining in price given all the positive trends elsewhere!

Hopefully now we'll see an uptrend.

One thing I do find slightly odd is how much it costs to transfer, given that it's supposed to be a micro tipping token!

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Transfers to content creators from the browser are free! As for transfers on the eth network... Well.. Blame eth, lol.

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Brave is my choice privacy browser. The token has been range bound. That reminds me got to check my brave wallet ;)

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What does this do for the BAT earned on Brave? Will that stop or dose Brave have a stash they will use? I guess it will have to run out at some point. Fcuking HODL!!!

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I should get some BAT, because of your financial advice. lol

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But seriously, I have always liked the idea but wondered why it sat still.

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my prefered browser so happens to be brave and i earn passive income from viewing brave ads. I bought some but sold, but with this information, i might start repurchasing them (i know, this is not financial advice).

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The revenue from advertising is not yet active everywhere. I've been using Brave for a couple of years because I like it very well but haven't seen 1 ad yet

The service is not yet available in Italy and I hope it will start soon

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A lot of on chain bat is also stuck because it costs too much to move it! So there’s those coins that are now basically dust

Now that they’ve run out of supply I’m pretty sure the company itself sits on a larger amount to still do distribution but I think I read somewhere that they were focusing on launching a ad space buyer and seller P2P style so you don’t have to go via brave

Don’t know how far that will get and how ETH fees will work because they’ll have to step away from uphold

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However, if you opt in, it replaces those ads with BRAVE ads. And the ad revenue from these ads is used to buy BAT from the market. 70 % of those bats returns back to the users of BRAVE and 30 % goes to the team for further development.

Though the maximum BAT circulation is approaching, the rewards in BAT when optin for the Brave ad's continues in the way you described? Or do you think the reward mechanism will stop, or be changed because of reaching the maximum supply in circulation?

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For me, viexing Brave ads is getting less and less interesting because I earn way more than before. At a moment i was earning 0.1 BAT for each ad and now :
124834401_748386715713233_136895197789471253_n.jpg
Adding the fact that for the 2 previous month I didn't see many ads (around 6 each months), that really makes Brave unprofitable. Fortunately I still prefer this browser than the others.

Now let's see what the end of the supply will do to that token :)
!tan

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(Edited)

Tan is a second layer token which unlike leo for exemple doesn't reward by upoting and being upvoted but with making a command in the comments.

But like the others, the more you stake and the more both you and the author earn. You can do the same with BEER for exemple

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never liked the KYC bs approach to claim BAT - kinda anticlimactic. Also, Brave as a company did some very questionable moves regarding open source software and suing people for actually forking.

Other than that, with the decline of affiliate rewards, interest will soon fall to a new low.

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Maybe you are right, I guess time will tell!

suing people for actually forking.

can you elaborate?

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Some devs forked the code base to cut off the binance etc widgets. Brave went full ballista on them and sued

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I'm a happy hodler of BAT tokens. Especially I bought some BAT tokens right before the price fall. I'm planning to get some more BAT in the coming weeks to even the price out. In addition to the purchases I made, I have also been holding the BAT I received from Brave wallet as well.

Hoping to see a great pump in the price. Thanks to you for giving a heads up a few months back. :)

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I wasn't even aware there's a limit to BAT, that's really interesting. I've been hodling all my BAT from Brave and Publish0x but always was a little depressed about the price not moving much.
Let's see how things play out now!

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I first invested in $BAT on 1 September 2017. It was one of the first cryptocurrencies that I acquired as I liked its use case. A month earlier I invested in $GOLEM for the same reason.

As my crypto journey is more from an investment method than trading, I still have a number of these coins in my EXODUS wallet.

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I forgot to mention they have sent me all types of cool swag over the last couple of years!

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I've got some BAT tokens I've earned in my Brave browswer, but haven't accumulated enough to worry about what to with them. I hardly ever get ads on my PC, but my phone often does.

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Hey @trumpman!

I'm not really familiar with the Brave model, so I just have a question.

If and when the max circulation is reached, does that mean BRAVE will not continue sending free BAT to those who use the browser?

Thank you! (:

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Hi! Somebody on twitter, asked me pretty much the same. Here's what I replied:

There are no newly created ones. All have been minted already 3 years ago. The ones you get for free are actually bought by the team from the ad revenue. There were some coins "locked" that were slowly released (e.g. for marketing) but now they are almost over too

So yeah. You will still get paid :D

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Good analysis. Makes me feel a litlle better about the BAT that I own.

But although price is depressing, adoption is not, as BRAVE reached 20 million MAUS in October:

And then I learnt what MAUS stood for: Monthy Active Users
I saw this abbreviation somewhere before and it confused me.

Being Dutch ( and speaking German too ), I read it as Maus ( German for Mouse ).

And just now, I made the connection between Mouse and BAT haha.

A bat is a flying mouse/ rat, or in German 'Fledermaus'.

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I am a brave user for a long time and I hold the BAT tokens I accumulate. But I do not invest in BAT. So many better crypto opportunities out there, with BTC being the best.

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