Basic Attention Token

Unlike most other cryptocurrencies that gradually release new tokens into circulation over time, all 1.5 billion BAT tokens (its entire supply) were created during its launch. One billion BAT tokens were sold in an initial coin offering (ICO) that sold out in under 30 seconds and raised $35 million (156,250 ETH, at the time). Some 200 million BAT tokens were set aside for Brave’s staff, and the remaining 300 million BAT were allocated to a “user growth pool.” This pool provides tokens for “BAT grants;” free tokens given to new users when they download the Brave browser so they can get started without having to part with their own money.