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Brave’s BAT-earning program for surfing the web goes live




Brave's revenue-earning program for surfing the web has gone live; earn BAT using Brave browser
Source: Unsplash

Brave, the company trying to revolutionize the digital space with its proprietary utility token BAT, went live with its much-anticipated, ad-blocking feature on the Brave browser.

Brave decided to put an end to the annoying ads popping up on the browser and collecting private information. The Brave browser, which was launched in June 2018, also announced that there would be a partial ad-blocking feature and a revenue-sharing program in the future. The browser is based on Google Chrome and blocks tracking scripts and other technologies that spy on the user’s online activity.

Brave announced their revenue-earning program going live on April 24, 2019, . The announcement added,

“These users will receive 70% of the ad revenue share as a reward for their attention, which they can auto-contribute to publishers under default settings. Brave’s platform is a new path toward a better Internet, where users can browse the web, earn rewards, and support their favorite content creators while preserving their privacy.”

70% of the ad revenue earned by users will be in terms of BAT [Basic Attention Token], and users can redeem these tokens at the end of every month.

The announcement also detailed its work with various ad networks and brands for Brave Ads like The Giving Block,  Human Rights Foundation, Vice, Home Chef, Ternio BlockCard, MyCrypto, eToro etc. CEO and Co-founder, Brendan Eich, said,

“With Brave Ads, we are launching a digital ad platform that is the first to protect users’ data rights and to reward them for their attention…
Brave Ads also aim to improve the economics and conversion of the online advertising industry, so that publishers and advertisers can thrive without the intermediaries that collect huge fees and that contribute to web-wide surveillance. Privacy by design and no tracking are integral to our mission to fix the Web and its funding model.”

Although the announcement said that the ads are active, there were certain countries where the ads weren’t live yet, with users complaining about the same.

mladen, a Reddit user, commented,

“False….ads are not “coming soon” they are active but “not available in my/his country”. Already have dev version…it will not be so easy in every country probably.”

BAT is up by approximately 400% since February 2019. However, at press time, its price had fallen by 5% and the token was priced at $0.40, with a market cap of $513 million.

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer





Source: Unsplash

Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.

Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.

Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.

On the recent developments surrounding the case, Stephen Palley stated,

“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″

Source: Twitter

Source: Twitter

Source: Twitter
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.

The lawyer concluded by tweeting,

“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”

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