cBAT

What is cBAT?

cBAT is the Basic Attention Token in the form of collateral on the Compound platform. Basic Attention Token (BAT) is a blockchain-based digital advertising token aiming to revolutionize the digital advertising industry. It operates as the currency for a new digital advertising and services platform, addressing the challenges faced by users, publishers, and advertisers in the $330 billion industry.

BAT operates as a utility token on the Ethereum blockchain, serving as a unit of account between advertisers, publishers, and users within the digital advertising platform. It is not classified as a digital currency, security, or commodity. BAT has expanded its utility by bridging onto the Solana network, becoming an SPL token usable in the Solana ecosystem.

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Recent Video Interview

Main points of the interview:

• Compound allows users to earn interest on crypto assets by lending them out or borrowing against them without intermediaries.
• Compound's automated interest rates adjust based on supply and demand, optimizing returns for lenders and borrowers.
• The protocol uses smart contracts on the Ethereum blockchain, ensuring transparency and security.
• Notable features include liquidation mechanisms to maintain collateralization and governance tokens (COMP) for decentralized decision-making.

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BAT and Brave Token

BAT's primary goal is to make cryptocurrencies and decentralized finance (DeFi) accessible and user-friendly for a broader audience. Acknowledging the complexity of cryptocurrencies and the frustrations within the digital advertising sector, BAT and the Brave browser aim to bring cryptocurrency to the next billion users while resolving inefficiencies and privacy concerns.

Since integrating into the Brave browser, BAT has achieved remarkable success, boasting 60 million monthly active users, 23 million daily active users, and 18 million verified content creators accepting BAT. Additionally, BAT has facilitated millions of wallets, executed numerous ad campaigns with top brands, and gained traction in the blockchain gaming sector. This success positions BAT as one of the most, if not the most, successful alt-coin projects to date.

About Compound

Compound operates as a decentralized finance protocol, allowing users to lend and borrow cryptocurrencies against their crypto assets. Utilizing smart contracts on the Ethereum blockchain, Compound creates an open-source platform facilitating the exchange of cryptocurrencies, with interest rates adjusting dynamically based on supply and demand. The core objective is to establish a more efficient and accessible global financial market, eliminating the need for traditional intermediaries.

The protocol functions as a collection of money markets, each representing a specific cryptocurrency like Ether, DAI, or USDC. Users can lend assets, earning interest, or borrow assets by providing collateral. Key components include suppliers, borrowers, interest rates determined by algorithms, and collateral factors ensuring the safety of the platform.

The COMP Token

Introducing the native governance token, COMP, Compound empowers the community with decentralized governance. COMP holders can propose changes, vote on proposals, and delegate voting power. Notably, COMP is not automatically granted; users can earn it as a reward for contributing to the platform's growth.

Compound and Decentralized Finance

As an integral part of the DeFi ecosystem, Compound enables various applications, such as liquidity provision, leverage trading, and yield farming. Its collaboration with projects like MakerDAO and Curve Finance showcases its ability to complement and contribute to the broader DeFi landscape.

Compound Team Background

Founded in 2017 by Robert Leshner and Geoffrey Hayes, who previously held prominent positions at Postmates, an online food delivery service, Compound has maintained its leadership continuity with both founders holding key roles at Compound Labs, Inc. This software development firm is responsible for the Compound protocol, with Leshner serving as the current CEO, while Hayes assumes the role of CTO.

While both founders bring a wealth of experience from successful ventures, Robert Leshner stands out for his active contributions to the blockchain space. Notably, he has demonstrated his commitment by publicly investing in well-known crypto platforms, such as Argent Wallet, Opyn, and Blockfolio.

The Compound team has expanded to include over a dozen individuals, with engineers constituting nearly half of the workforce. This diverse and skilled team is integral to the ongoing development and success of Compound and its protocol.

Upcoming Projects

A significant upcoming project for Compound is the Compound Chain, aiming to connect crypto ecosystems and enable cross-chain transactions. With continuous evolution, Compound seeks to maintain its position as a leading DeFi platform, contributing to a more accessible financial landscape.

cBAT Price Analysis

As of November 24 2024 cBAT has a marketcap of $35M. This is {{percentagefromath}} from its all time high of $0.247355. In terms of its tokenomics, there's a total supply of 6.8B with 100% currently outstanding. Keep in mind cBAT has a fully diluted value of $35M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.