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Invisibledeadwk
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Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh? Flag
How To Get BAT Easily & Repeatedly + Long Term Interest (cryptocurrency) * 2
    #26430553 - 01/13/20 01:01 AM (4 years, 16 days ago)

EDIT: Brave recently came under fire for "covertly" using redirects to referral links, proceed with caution

BAT (Basic Attention Token) is an ERC20 token on the Ethereum blockchain. The company behind the project has their own browser called "Brave Browser" which is built ontop of Chromium which is what Google chrome is built on, so using the Brave Browser gives a browsing experience somewhat similar to Chrome.

There's a couple really cool things about this browser:

  • HTTPS Everywhere
  • NoScript like behavior, with the ability to block cross-site scripting, and cross-site device recognition
  • Extremely effective adblocker
  • Built-in cryptocurrency wallet (bundled metamask)
  • Tor enabled incognito mode


The neat part about the adblocking system is that companies can pay brave to list their ads to be shown in place of other ads. In exchange for viewing these ads, you get paid in the BAT token. You can also customize the frequency at which ads are shown, ranging from 1/hr-5/hr, and it's pretty non-intrusive as well which is nice, and it doesn't block shroomery ads :thumbup:

Depending on how often you click the ads will determine how much money you get. But one of the nice things is that even if you don't bother viewing the ads, you still get an extremely efficient ad blocker. Ever since I've started using the browser, other than the ads on Shroomery I see 0 ads.

The browser is available on windows, mac, linux, android, and ios which is great because that gives you an extremely simple way of earning a lot of BAT.

The "Brave Rewards" program as this system is known offers a Creator's program, that lets you accept BAT through a ton of different mediums (twitter, a personal website, twitch, github, youtube, and reddit).

Ontop of this the Creators program offers a referral program for getting other people to download the browser (this post will not end with me asking you to use my referral link :lol:). You can use this referral link to download the browser onto any device you have. So by downloading the browser onto your phone for example and using that instead of say the safari browser or google chrome on android, you can get paid. Then on these devices you can optionally view ads and get paid for it, instead of being forced to view ads and not get paid for it.

Overtime this adds up to a pretty decent amount of BAT for very little long-term effort. Most of the effort is spent downloading the browser and switching to a new browser, as viewing even a single ad doesn't take up much time.  If you don't bother with the ads, you can get $7.50 worth of BAT for each browser that is installed from your referral code and used over the course of 30 days, and from personal experience it seems like this means using the browser to do something of an unknown time on 30 different calendar days.

Now depending on how you feel about the long-term value of BAT there's a few things you could do here, but personally I think you have two good options:

  • Keep it because you think the value of BAT will appreciate over time
  • Switch to a stable coin like DAI  on uniswap because you don't think the value will appreciate over time and you want to keep a relatively stable value of the money you get.


Whatever one of those two options you pick, there's a pretty cool way of getting interest on the BAT or DAI, and it's called compound. If you haven't heard about compound before I would recommend reading about it because it's pretty fucking dope, however I'll summarize it:

Compound is in the area of finance applications known as  "DeFi" (Decentralized Finance), now depending on who you talk to Compound is more towards the "CeFi" (Centralized Finance) side of things, however personally speaking I would say it's no more centralized than something like MKR (MakerDAO) but that's a discussion for another post. Using smart contracts on the Ethereum blockchain, Compound allows you to supply or borrow different assets, with a dynamic interest rate that is updated every time a new block is mined on Ethereum. Additionally Compound allows you to liquidate other borrowers who have become under collateralized on their loans, and you can get 5% + the liquidation amount in exchange for helping to maintain the Compound protocol.

Links to read about Compound:


Now back to the BAT or DAI you have. You can take that, and using the bundled metamask with your new Brave browser, head on over to the Compound App . You will need ethereum in your bundled metamask wallet to pay for the transactions to use the app so you should probably go get some ETH if you don't have any. Lets say you converted your BAT into DAI. You can supply the DAI onto compound, and at the time of this writing earn 5.88% interest on it! You might be thinking that all of this doesn't add up to much, but over time with the compounding interest on the browser referral downloads, and ad money, it can amount to a non-negligible value.

There's a ton of different ways you can monetize this, like shorting the USD value of ETH on compound, or longing it, and in the process get a more secure browsing experience, while being tracked less on the Internet.


Edited by deadwk (06/08/20 01:11 PM)


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OfflineNymphaea
Money-less Wanderer
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Registered: 04/16/09
Posts: 2,057
Loc: Mitten Flag
Last seen: 2 days, 1 hour
Re: How To Get BAT Easily & Repeatedly + Long Term Interest (cryptocurrency) [Re: deadwk]
    #26435324 - 01/15/20 04:59 PM (4 years, 14 days ago)

I love this browser.  I've made 75 cents and saved 20 minutes of wasted time watching ads already and I've barely had it 2ish weeks.  I didn't know about the referrals though, thank you!  :thumbup:

I tried signing up for the referrals but since I don't own any domains/have access to the back end I messed up...guess I'll try again with a different sort of verification or just get a domain/website again.

Thank you so much.


HIGHLY RECOMMEND THIS BROWSER.  Free money + ad blocking + TOR enabled incognito browsing, + $7.50 referrals, etc.


--------------------
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Plant Trees


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Invisiblesh4d0ws
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I'm a teapot User Gallery

Registered: 02/26/08
Posts: 12,086
Re: How To Get BAT Easily & Repeatedly + Long Term Interest (cryptocurrency) [Re: deadwk]
    #26435710 - 01/15/20 09:33 PM (4 years, 14 days ago)

This is a great browser, crypto for free is just an added bonus. I use brave browser both on my PC and on mobile phone

good thread man  :super:


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Invisibledeadwk
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Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh? Flag
Re: How To Get BAT Easily & Repeatedly + Long Term Interest (cryptocurrency) [Re: sh4d0ws]
    #26438903 - 01/17/20 04:58 PM (4 years, 12 days ago)

nymphaea:

        Yea it's crazy, I wonder how accurate the "time saved" is. I've lamost forgotten that ads exist on the internet. Even with uBlock Origin and stuff like that I would still see some ads, but with brave absolutely none. If you don't have a domain/backend you can access, I believe you should be able to use twitter or something like that. One of the great thing about the referral program is it gives you an easy way to get the BAT off your mobile devices. Simply donate it once a month to your referral account and you are golden!

sh4d0ws:

        Thanks! Exactly, even if you dont want the free crypto, the browser itself is 100% worth the switch.


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OfflineNymphaea
Money-less Wanderer
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Registered: 04/16/09
Posts: 2,057
Loc: Mitten Flag
Last seen: 2 days, 1 hour
Re: How To Get BAT Easily & Repeatedly + Long Term Interest (cryptocurrency) [Re: deadwk]
    #26439294 - 01/17/20 09:21 PM (4 years, 12 days ago)

Quote:

deadwk said:
nymphaea:

        Yea it's crazy, I wonder how accurate the "time saved" is. I've lamost forgotten that ads exist on the internet. Even with uBlock Origin and stuff like that I would still see some ads, but with brave absolutely none. If you don't have a domain/backend you can access, I believe you should be able to use twitter or something like that. One of the great thing about the referral program is it gives you an easy way to get the BAT off your mobile devices. Simply donate it once a month to your referral account and you are golden!

sh4d0ws:

        Thanks! Exactly, even if you dont want the free crypto, the browser itself is 100% worth the switch.




Edit: nevermind, I think I figured it out!  Thanks a bunch!


That's a great idea, donating it from your mobile to your creator account.  It does kind of suck how combining wallets has been sort of confusing and not exactly perfect it seems...but it's free money so I shouldn't complain.  lol.


Thanks for the advice!  I'll have to get a twitter or something rather than buying a domain...


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:huxleyfacepalm:


Plant Trees


Edited by Nymphaea (01/18/20 04:36 PM)


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