Vitalik Buterin advises to ignore ICOs with volume bonuses

Co-founder of Ethereum, Vitalik Buterin is considered that ICOs offering volume-based bonuses contradict the idea of cryptocurrency and should be ignored
21 November 2017   1551

Vitalik Buterin talked against ICOs that offer volume bonuses in his Twitter and asked users to ignore them.

Co-founder speaks that the main idea of cryptocurrency is to build the economy based on equality and fair without such so-called few that holds all the wealth.

Initial Coin Offerings raise more than $3 billion on their projects this year.

ICOs and token sales usually offer some time and volume-based bonuses. Buyers often get extra coins in the early stages of sales.

One Twitter user reproached Vitalik Buterin’s tweet because Etherium ICO also offered bonuses.

Vitalik answered that those time-based bonuses were acceptable but nevertheless he disagree with all the decision Ethereum ICO made in 2014.

The main idea of ICOs was to help skillful teams with their great ideas to get through easily, but it didn’t become a trend, especially by teams which couldn’t raise their funds using traditional methods.

Also the discussion began about the transparency of operations, fund usage and achievements teams working on projects got. In contradistinction to original companies and startups, ICOs are not the ones which can be regulated and few token holders can say about how such project progress.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   104

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.