Open Analytics Bounty: ETH (October 9)--> BAT
Open Analytics (OA) bounties are bounties without specific prompts, just a direction and a reward. It’s your chance to have your brain follow your heart — got a spark of interest, or a loose thread, or a weirdly-specific question gnawing at the back of your mind? Follow it as far as you can!
in this dashboard I want to analysis the BAT token.
for the fist step I want to analysis the number of the transaction, as you see the transaction number is not as well as the stable coins number but for the token is acceptable number for the better understanding the transaction number I want to check the transaction number by day.
so look at the chart as you see there is a step in the BAT graph for example in the 9 Jan, 8 Feb , 9 Mar , 14 Apr , 11 May , 21 Jul and so on.
transaction number in the upper date increase and after that decrease and this action continue up to middle by each month but as you see after Jul this action finish.
so what is problem ?
so I think here is one problem in this action as you know after Jul when the price of the ETH decrease transaction number by follow that decrease it may be one of the problems and as you see in the 4 Jun the transaction number is in their minimum range.
after this part I want to analysis the fee amount of the BAT, and after that analysis the gas amount.
lets do it.
so in this part as you see the the large amount of the fee related to the May month and as you know from the previous part in this month the transaction number is in the maximum range and after this month the fee amount decrease.
so we can see that the fee amount is not relation with the transaction number but this is not totally true because you can see that in the May month by increase the transaction number fee mount increase but this action not continue up to now.
so for the better analysis I want to check the gas amount.
so look at the gas amount by careful.
we can see that gas graph of the bat not have relation with fee.
but if you check the transaction graph we can see that there is relation between gas and transaction. so what is relation.
my analysis show that when transaction number increase the gas amount decrease and by decrease of the transaction we can see that gas amount increase.
for the better understanding this action, as I said before in the last month when ETH price decrease transaction number decrease and you can see that after this date gas amount increase.
so after this part I want to check the amount of the USD that swap to BAT since first of the year.
in this part I want to analysis the USD amount that swap to BAT.
as you see opposed of the gas amount swap amount is totally look like the transaction number as you see when the transaction number increase USD amount swap to BAT and by decrease of the number amount again decrease.
it show that USD swap to BAT increase the transaction number of the BAT and by increase the BAT transaction number USD swap increase.
after this part I want to analysis the opposed of this action.
so lets do it.
so in this part I want to analysis the opposed of the previous part but as you see the result of this action is the same with the previous part.
now we can understand that transaction number increase because of the swap of the USD to BAT and BAT to USD.
we can understand that by do this action users send their amount to other one or other wallet and because of this action transaction number increase.
after this part I want to analysis the USDT and USDC that swap to BAT and opposed of this by do this action we can understand that user of the BAT prefer that use USDT or USDC. and I think one the important part is the next part.
in this part I want to analysis the amount of the BAT that swap to USDT and USDC as you see in this graph USDT is too large than USDC.
I think that most of the user of the BAT prefer use USDC but in the opposed position we see that USDT is the prefer of the BAT user and as you see most of the user of the BAT user that swap their BAT amount to USDT. and this action by the time is in the same range.
in the other side as you see after 6 Jul user of the BAT by the low level prefer to swap to USDC and this amount as you see, is very low and after this time again this low amount stay in their position and stay with low range.
and I want to to note that I use two graph(with other color) for these two chart to better view.
for the better understanding this graph I want to analysis the opposed of this form and check the swap of the USDT and USDC to BAT, and I thin that this graph repeat in the opposed form but the number or range may be change.
so lets analysis them.
again in this part I want to analysis the opposed of the previous part and check the USDT , USDC to BAT.
as you see again user of BAT prefer to change their USDT to BAT.
again like the previous part user of the USDC after 6 Jul input to BAT token but with the small difference that amount of the USDC is more than previous part.
the think that we can understand from these two chart is that user of the BAT prefer to swap their amount to USDT and just lower than 5 percent of the user prefer USDC and this action is repeat in the opposed part and as you see user of USDT is more than USDCs change their stable coins to BAT.
but the interesting thing is that both of them include to market after 6Jul of the 2022.
after this part I want to analysis the speed of the BAT in their network.
in this part of the dashboard I want to check the speed of the BAT as you see this graph is very look like the transaction number graph.
as you see by the increase of the number of the transaction speed of the BAT increase and in the opposed side by decrease of the transaction number speed of the BAT decrease.
so we understand that relation of the BAT with transaction number is the same and as you know in the most of the coin this act repeat and as you see this action repeat in the BAT.
as a final result I want to check the impact of the BAT to ETH in last part.
in this part I want to analysis the impact of the BAT to ETH
as you see in the upper graph range of the ETH is stable and in the other side range of the BAT have the movement and after 6Jul this movement be stable we can understand that BAT have impact to the ETH network but as you see this amount is not as more as other token.
but as you know impact of the BAT is not very low as you see about 0.1 percent of the ETH network transaction related to the BAT network
and this number is not bad for the new network like BAT.
as you see in the upper graph I think that by the time impact of the BAT in the ETH network may increase because most of the USDT user use this token and near USDC the most popular stable coin want to include to this token.
conclusion
in this dashboard I analysis the BAT network and the thing that I get from this dashboard is:
- transaction number of the BAT is in the normal range it mean that not more and not less.
- transaction number is not stable in the some month this number is very low and in some month this number is very high for example in the 9 Jan, 8 Feb , 9 Mar , 14 Apr , 11 May , 21 Jul transaction number is very high and after 6 Jul movement decrease and transaction number be stable with low amount.
- fee amount in the first of the year is very high and by the receive to the end of the year this number decrease.
- gas action is opposed of the transaction action, when transaction increase gas amount decrease and opposed I think it is one the interesting thing in this network.
- user of the BAT token prefer that swap their amount to the USDT and after 6 Jul user prefer to use USDC but this amount is very very low and not even close to the 20% USDT.
- by follow upper text again user of the USDT is more than USDC user swap their amount to BAT, and again after 6 Jul user of the USDC include to this token.
- speed of the BAT by increasing the transaction, increase and by decrease of that decrease. it mean that relation of the BAT speed like most of the token is the same with the transaction number.
- about 0.1 percent of the ETH network transaction related to the BAT network
- as I said in the upper part, I think that by the time impact of the BAT in the ETH network may increase because most of the USDT user use this token and near USDC the most popular stable coin want to include to this token.
thank because of your attention to this dashboard.
What is Basic Attention Token? (BAT)
Most internet users go out of their way to avoid online advertisements, but what if they had a monetary incentive to view them?
Basic Attention Token (BAT) is a crypto intending to create a virtuous cycle around digital advertising that is equitable for creators and consumers.
Running on (ETH) and integrated natively on a custom web browser called Brave, BAT can be exchanged between advertisers, publishers and internet users based on their web activity, and is intended to streamline commerce between all three groups.
Users are rewarded with BAT for viewing ad content, publishers can deliver higher-impact ads and advertisers can be assured their messaging is being viewed by a willing audience.
The end result is a new kind of digital advertising platform powered by BAT.
Users can either hold the BAT, exchange it for cash or other cryptocurrency, or pay it to support their favorite content creators.
and we can say that:
Basic Attention Token is a decentralized, transparent digital advertising platform based on the Ethereum blockchain. The platform is comprised of many components: a digital ad exchange that allows advertisers to purchase ad space and user attention, analytics dashboards, machine learning matching algorithms, attention measurement & reward systems, and more.
BAT ($BAT) is the ticker symbol for the Ethereum-based ERC20 utility token, utilized as the unit of account for attention within the BAT platform.
- Advertisers will transact in $BAT to purchase advertising space and user attention;
- Publishers and content creators will receive ad revenue and user contributions in $BAT;
- Users will be rewarded in $BAT for their attention (“ad revenue sharing”).
When users choose to view ads within the BAT ecosystem, they will be compensated for their attention in $BAT. For example, users will receive 70% revenue share per ad displayed through “private ad slots” (e.g., a private ad tab in the Brave browser).
How does BAT work with BRAVE?
brave is an open-source, privacy-protecting, performant web browser with millions of users that blocks ads and trackers by default. It is available on Android, iOS, Windows, macOS and Linux. Brave integrates BAT but is not identical to it (see section: “Is BAT Restricted to the Brave Browser?”).
Brave integrates the BAT platform in the following ways:
Brave Payments. Brave Payments is a program that allows users to support their favorite publisher (e.g., YouTubers, etc.). By default, Brave Payments determines a user’s contribution(s) as the user browses, automatically calculating the distribution for settlement at the end of each month based on time spent viewing content. Users can also pin specific contribution amounts regardless of time spent viewing content, much like Patreon. At present, users who opt into Brave Payments have a unidirectional, in-browser BAT wallet with multiple funding options that will be used to send their $BAT contributions. Future updates will include a multi-directional wallet upgrade that will allow users to transfer $BAT (such as $BAT earned from the BAT Ads program) out of the wallet.
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Is BAT restricted to the Brave browser?
While the Brave browser is the primary focus for the BAT platform integration roadmap, the team intends to extend BAT beyond the Brave browser. We envision the BAT platform being extended to other web browsers (via extensions), chat/messaging applications, games, and other attention-economy apps. The work to extend the platform beyond the Brave browser will take place following the Apollo phase in the BAT roadmap.
What makes BAT different?
BAT represents a fundamental rethinking of the way digital ads are delivered. The current model depends on third-party tracking — with tracking pixels, scripts, cookies — and countless middlemen, as advertisements are matched and served by third-party servers. BAT eschews the need for third-party tracking and middlemen by matching and delivering ads locally, on-device, from an inventory catalog of available ads and offers.
Delivering ads this way confers many benefits. For example:
- Privacy. Users’ browsing data (e.g., browsing history) can be kept private, as all data required for ad-matching never leaves the device and third-party trackers are blocked by default.
- Improved ad matching. The browser has the full corpus of user data and intent signals, including active tabs, URL and search keyword entry data, browsing history, etc. The platform, in conjunction with the browser, can determine if a user is actually in the optimal time and place in their browsing experience for an offer.
- Better experience. Since ad matching is performed locally, users do not need to call out to external servers on every page load for tracking scripts, tracking pixels, etc. This leads to a quantifiably faster browsing experience, in addition to battery life and data usage savings. Ads will not be served in in-page slots, avoiding “banner blindness” issues and disrupting page content flow.
What can I use $BAT for?
With Brave Payments, you can use $BAT to support your favorite publishers and content creators on the web. We also envision $BAT being used to redeem premium content and various perks. For example, we aim to build a marketplace among our verified partners where the benefit will be from using BAT as opposed to a specific service. We might offer different options to convert BAT to gift cards, discounted subscriptions for content, etc. Think of the BAT platform as a perk marketplace, with platform-specific offers.
Of course, $BAT can always be withdrawn and exchanged for fiat or other currencies.
How do I purchase $BAT?
- Through BAT’s partner, Uphold.com (fiat currencies and cryptocurrencies)
- By funding one’s Brave wallet with BTC, ETH or LTC (automatic conversion to $BAT will occur in the background)
- With credit card or debit card directly through the Brave wallet (coming soon!)
- Secondary exchange that list $BAT
BAT Token Launch Info
There are no plans for any subsequent token creation event or sale.
The proceeds from the token launch are being used for the development and growth of the platform.
In addition to the token launch, the project is funded by Founders Fund, Foundation Capital, Propel Venture Partners, Pantera Capital, DCG, Danhua Capital, and Huiyin Blockchain Venture among others.
Why should I care about BAT?
The multibillion-dollar digital advertising industry is in crisis. User privacy has become a casualty in an ever-increasing consumer-surveillance ad model that relies on tracking and profiling users. Publishers and content creators are shutting down or retaliating with self-destructive tactics as users enable ad-blockers in response to privacy violations, irrelevant ads and malvertisements. Ad fraud is rampant throughout the system, and advertisers are struggling to find solutions that comply with new ePrivacy/GDPR regulations. This is a fundamentally unsustainable state of affairs.
Basic Attention Token fixes underlying economic incentives by correctly pricing user attention, delivering on privacy compliance, user anonymity, and offering a new win-win-win digital advertising paradigm for publishers, advertisers and users. User privacy and web monetization need a better alternative to the status quo that is willing to attack the hard problems facing the web today — and doing so in a Brave way.
BAT is a brilliant solution to a systemic problem, spearheaded by the creator of JavaScript, co-founder of Mozilla and Firefox, alongside an all-star team.
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How does BAT work?
All BAT transactions settle on Ethereum, a public blockchain that allows developers to create and deploy custom cryptocurrencies and applications.
\n Brave Browser
BAT operates on a web browser called Brave, developed by the team that created the token. Brave is a free browser, which claims to load 3-6 times faster than competing offerings, as it only serves advertisements if users opt-in to seeing them.
Brave browser users can sign up for the Brave Rewards program, which allows them to be paid in BAT for viewing ads or to send BAT to content creators whose work they want to support.
Brave’s default setting is to block trackers and ads. It only turns on ads if the user opts in. Brave then serves up native ads from trusted partners, which users are rewarded in BAT for viewing.
Brave Micropayments Ledger
To track the movement of BAT, Brave uses the Brave Micropayments Ledger.
The idea is that the Brave Micropayments Ledger will allow advertisers, publishers and readers to enter into smart contracts to move payments between each other.
Brave is exploring the use of zero-knowledge proofs for its blockchain, with the goal of providing anonymity to stakeholders in online media transactions.

