Brave is creating a new DEX aggregator to compete with current crypto wallets
Earlier this week Brave released it's 2.0 roadmap. In this roadmap talks about creating a new decentralized exchange aggregator.
What does this mean for the average Brave user?
A lot of new sinks for the BAT token and easier access to DeFi protocols via the Brave Browser.
Right now the main use of BAT is to buy ads in the Brave browser. A large portion of these rewards go back to the users watching those ads. Something that has made Brave really popular in the community. Even Brave uses their own system to buy ads.
Brave will be offering discount with their DEX services to users who pay using BAT.
According to Kinsta.com, Brave has 0.05% of the current browser market with a lot of room to grow. Even with this tiny market share it still has 8 million daily active users. Brave mentions in their roadmap that they expect to reach 17 million daily active users by the end of 2021.
Many users are moving away from Google Chrome and Microsoft Edge to Brave in favor of security. In fact in the last 12 months the Brave userbase has grown over 125%.
BAT token has been doing really well and is trading at over $0.56 right now. With sinks, it can potentially do a lot better.
What is a DEX aggregator?
A DEX aggregator allows a user to search multiple exchanges to find the most attractive price.
By integrating this into Brave, more users will be exposed to and participate in DeFi and crypto in general. Brave already offers fully compatible MetaMask integration natively in the browser making it easier for users to get exposed to crypto.
Posted Using LeoFinance Beta
Brave is probably one of the best projects in all of crypto backed with a solid team and founder. I have loved using it for the majority of my browsing... The caching can be a bit of a pain with building websites, but overall it's the best browser experience out there. I actually have one of the limited edittion copper coins that Sampson had minted a couple of years ago. And yeah at that small of a hold in the market, they have a TON of room to grow! All of my websites are Brave verified websites that serve up Brave ads!
Agreed it is one of the best projects out there for sure! It has blocked so many ads on desktop and mobile, everyone should be using Brave. The way they are building the ecosystem for a more trusted ad network is brilliant.
lol it's one of the shitiest but because most crypto user are more than idiots low iq trend followers, muppets to be, they don't even know that google is still feeded with brave (check dissenter or icecat or waterfox) and that having to have ID associated to whitedraw is totally in line with the tyranical view of silicon valley. are you bots or only low iq? maybe both.
You don't have to be insulting. The uphold wallet is just like any other exchange wallet, doesn't bother me. Hope you have a better day and please take that energy to Twitter or some place that actually likes negativity.
I forget. Why do we want advertisements built into our browsers, on top of all the other advertising on the internet already?
Because you cannot trust the links that random banner ads give you. Brave will strip the malware and spyware out of the web page before it even loads, reducing your bandwidth. You can choose to remove ads completely, or allow them for BAT rewards, and their trusted ads go over top of the unsafe/removed ads.
Maybe I wasn't clear.
Why do we want more advertisements? Do advertisements help the user in some way?
I realize advertisements in general can be dangerous, but what I'm asking is what are the benefits of more ads? You seem to think there is an upside somewhere.
There are many benefits of advertising, for the publisher and the consumer, but if you prefer no Ads then Brave will let you can turn them completely off. My point is that Brave is offering choice to the user, whereas most browsers simply leave you open to trackers and ads from third parties. At least they are building a solution for the old banner-ad network from Web1.0 . If you have something you want to promote, you can do it as a Brave Advertiser. You can even recieve tokens for viewing them on this new advertising mechanism, so that is an incentive for the user also. Having a choice is what I like about it.
I've had it on for almost a year now. I don't think I've seen a single advertisement that interested me so far. It's basically just spam, and in my way. The upside is supposedly money. People were (and still are) claiming "I make hundreds a month just browsing as I normally do!" but after almost a year of full-time Brave usage (a good 8 hours every day), I'm at 70 USD worth. And without giving up my privacy I can't really access it anyway.
But yeah, choice is a good thing.
Interesting! Been using Brave since it first released and it's far better than any other browser in my opinion. Plus the rewards have been stacking for years!
Ah that's annoying, I swapped out a fair amount of my BAT to add to a RUNE pool.
Well at least I'll get it back if the price increases relative to the later!
Posted Using LeoFinance Beta
how do i get the crypto?
"Right now the main use of BAT is to buy ads in the Brave browser. A large portion of these rewards go back to the users watching those ads."
So we are all watching ads and paying each other to watch our ads so we can watch and buy more ads. Yay? I'm not sure what makes these BATs "cryptos" at all. Seems they're more like a score in a video game. I've got 3300, guys!!
The main issue I have with Brave is it requires you to verify your phone number, and the address where you sleep at night, and take photos of your facial structure, retinas, and other biometric data. You can browse with some degree of privacy, but if you want BATs, or to use the wallet, or anything else, you have to verify your identity in many ways. It's really the opposite of privacy. It's scary so many people are willing to attach their digital ID to their internet usage.
If Brave moves back in the direction of privacy, I'll give it another look!
No, Coke is spending $1M for example to buy ads in Brave, the 8M daily active users get 70% of that.
That is not Brave, that is Uphold, and they only ask for your Drivers License and Social, pretty much the same as every exchange complying with laws.
Again, not Brave, Uphold, the browser is more secure than all the rest, if you choose to watch ads and receive Bat you have to KYC to take it out, but you don't have to look at ads and earn Bat, that is only one of the many advantages of Brave.
Posted Using LeoFinance Beta
Well, okay, "Uphold" then. Which is Brave, as far as the user is concerned. It's the Brave wallet, which they call Uphold. Either way, I'm not okay with it basically being the opposite of privacy. There are enough privacy issues out there without purposely blowing yourself out of the water like that, but people are free to do so if they want.
But it is not. Brave is trying to move away from them actually but when you start up you don't have the luxury of doing everything yourself or choosing the best option. But KYC is a fact of life in crypto.
Again, that's Uphold. You are free to hodl and trade Bat using other wallets and exchanges.
Posted Using LeoFinance Beta
I can't find any exchanges to do that, which fit my definition of privacy. Fact of life or not, I have my line in the sand. I don't expect everybody to agree or even understand, but it's there.
That said, if you say they've changed recently, maybe I should have another look. But whenever I have in the past, I couldn't get through all their steps, because I didn't have a smart device, wouldn't take a photo of my ID and eyes, wouldn't tell it my home address, and so on. I realize I can browse without all that, and I have been. But my BATs are just sitting there now. Likely I'll find someone privately to send them to in exchange for a little of something I can actually use.
You have not seen any exchange ask for ID and/or Social?
I find that hard to believe unless you never traded crypto.
But again, Brave is not Uphold.
Brave never asks you for any private information like ID or Social.
Posted Using LeoFinance Beta
I was referring to trading BAT. Yes, I'm aware that most/all exchanges require ID now.
Brave is not Uphold but they work together. If you give Uphold, which is attached to your Brave browser account, all your identifying info, you've blown your privacy. Doesn't matter that the two are separate companies on paper.
And no, I don't trade crypto.
Brave is one of the best projects - The browser itself is amazing for daily use. on the otherhand.. Uphold not so much.
Looks good, too bad it's an ERC20 Token. I don't really like them.
@themarkymark,
It's a good news, I am using brave browser, seems I didnt get any ads since last BTC spike!
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Well, that handful of BAT I have might do something. One day.
Oh this is cool, I'll have to dig into their roadmap and updates a little..
Posted Using LeoFinance Beta
I very much love teh Brave. I use it as my primary browser, and have for quite some time. It's fun to know I'm making a tiny bit of money while I type this comment just because I use a better browser... I look forward to the items on the roadmap coming to fruition. I appreciate you providing this concise analysis and excellent overview here. Well done.
WARNING -- Brave browser leaks onion addresses in DNS traffic
DNS leak leaves footprints in DNS server logs for a Brave user's Tor traffic. https://www.zdnet.com/article/brave-browser-leaks-onion-addresses-in-dns-traffic/
This has already been fixed and not everyone uses Tor.
ahh good to know that its fixed .. but if something is offered it should work like offered no matter how many people use it .. because people use TOR if they want to be extra safe its extra important .. no matter how many !!
All software has bugs
I rarely use TOR. Personally I am not a fan of the dark web due to all the shady activity. However, if big tech companies keep up their censorship of pro-Trump content, the dark web may become popular with regular people.
Posted Using LeoFinance Beta
Interesting post, it helped me understand a little more about the Brave browser.
I use Microsoft edge now , but you are saying Brave has better security? My hubby uses Brave, but I never really understood why except for earning tokens. Better security is always welcome with me.
Thanks for the info.
Brave has more security built-in than both Google Chrome and Microsoft Edge and does not phone home like the others do.
Posted Using LeoFinance Beta
Thanks