Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT
Well there are only 190 holders. Far worse: 4 of them hold >50%
Yup, fail whale.
Brave raises $35M in 1 min with ICO
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Re: Brave raises $35M in 1 min with ICO
#12You can download the Brave private browser at www.brave.com. The Brave browser automatically disables all ads and tracking when you browse any website. The founder of Brave also created JavaScript.
I think it's ok to name Brendan Eich here. Just saying "[person who] created JavaScript" makes me think "that's either Brendan Eich or someone lying about having created JavaScript"
If he's chosen to be the CEO of a company again, then he's also chosen to put his social/political views on equality into the public sphere again.
Re: Brave raises $35M in 1 min with ICO
#13You can download the Brave private browser at www.brave.com. The Brave browser automatically disables all ads and tracking when you browse any website. The founder of Brave also created JavaScript.
> automatically disables all ads
Except the ads they're planning on showing?
Re: Brave raises $35M in 1 min with ICO
#14You can download the Brave private browser at www.brave.com. The Brave browser automatically disables all ads and tracking when you browse any website. The founder of Brave also created JavaScript.
More crucially: the tokens sold here allow advertisers to show ads to users of the Brave browser.
Re: Brave raises $35M in 1 min with ICO
#15What exactly does this mean? Brave raised $35m? I find that hard to believe but wow if that's true.
They conducted an ERC20 token sale on the Ethereum network. It sold out in seconds. The tokens (BAT - Basic Attention Token) are to be used to buy advertising in the "attention economy." The premise is really interesting, but the dynamics of the Ethereum token sale space are borderline insanity at the moment, and will continue to be until most of the fools are parted with their ether either by a company that fails or turns into a scam.
Re: Brave raises $35M in 1 min with ICO
#16Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT
What's the consequence, though?
Brave got $35M, unless Ethereum crashes very soon.
Some parties can now set the price for advertising within Brave to whatever they want. If Brave becomes popular, they become rich. If Brave fails, they lost their money.
Re: Brave raises $35M in 1 min with ICO
#17I still belief ICOs are made up to launder crypto-money. Invest anonymous into your own ICO, ed voila, the money is clean to use.
Re: Brave raises $35M in 1 min with ICO
#18What's ICO? Initial Coin Offering?
Re: Brave raises $35M in 1 min with ICO
#19Ha, the top 100 holders own ~99% of the total token supply. Really poorly executed distribution model: https://etherscan.io/token/tokenholderchart/BAT
What's the consequence, though? Brave got $35M, unless Ethereum crashes very soon. Some parties can now set the price for advertising within Brave to whatever they want. If Brave becomes popular, they become rich. If Brave fails, they lost their money.
Right...this sounds like a good thing. People with big money invested will presumably want to set their prices such that Brave will succeed and they will either get a return or at least not lose their shirt.
If, for example, tens of thousands of people only had tens of dollars invested, they may be less interested in making Brave a successful platform because they have little financial incentive and little to lose.
Re: Brave raises $35M in 1 min with ICO
#20In the end this was a fail for BAT. Sure they got the money, but what would have been more valuable would have been a massive bunch of new incentivised users.