One reason Status is encouraging participation is that it conducts research on “cryptoeconomic models” and P2P technologies. Thus; in another similarity to BAT and Brave. Thus they designed Status as a data collection mechanism.Read more
Hence, BAT intends to tokenize advertising by turning your attention into a commodity. The BAT platform could make money by serving as a marketplace for your attention.Read more
Thus shoppers pay to participate in Walmart’s behavioral sciences experiment. TechCrunch claims Walmart’s AI is not recording what customers buy. However, the AI can discern many customer behaviors.Read more
Despite its popularity, the Basic Attention Token is not a cryptocurrency. Instead, the BAT is an Ethereum Request for Comment (ERC20) utility token.
Hence, they design the BAT to facilitate transactions on an Ethereum blockchain platform. Specifically, the designers hope the BAT will power a marketplace for blockchain-based digital advertising.
Thus, the BAT is really an accounting and bookkeeping tool designed to enhance transparency and ensure accountability on a blockchain platform. Therefore, any monetary value BAT acquires is an unintended side effect of the primary mission.
The idea behind JET8 is to turn social media users into advertisers for products. The users get rewarded for promoting the products with free samples. They can also earn the J8T social currency.
The impressive thing about JET8 is that the JETS social currency is already being used by some giant corporations in the seven countries.
Users mentioned at the JET8 website include: McDonald’s (NYSE: MCD), Seven11, the Circle K Convenience stores, the Alfamart convenience stores, Watsons, Shoprite, Shop & Go, Coca Cola (NYSE: KO), Unilever (NYSE: UN), Cell C, Nestle (VTX: NESN), Avon (NYSE: AVP, and PespiCO (NASDAQ: PEP). JET8 claims that the JETs have reached over 400 million social-media accounts since they were launched in 2015.
The truly fascinating part of the Brave/Adbank story is that both organizations are trying to use the same technology; Ethereum smart contracts, to solve the same problem.
Two rival Ethereum-based blockchain solutions are betting that advertising profits can be translated into cryptocurrency cash.Read more