Binance recently announced that the Brave browser has integrated with Binance Smart Chain (BSC) to accelerate the adoption of decentralized finance (DeFi).
The Brave browser provides a gateway to utility for the Basic Attention Token (BAT). Besides, BAT has a massive utility of over 3.8 million monthly transacting users, and there are over 13 million Brave/BAT Rewards wallets.
.@brave x #BinanceSmartChain https://t.co/KSqryF6f3g
— Binance (@binance) March 23, 2021
The Basic Attention Token (BAT) is seeking to explore multiple blockchains and has now been integrated into the Binance Smart Chain.
BAT Now Available on Binance Smart Chain
Basic Attention Token (BAT) is now available on Binance Smart Chain (BSC) as wrapped BAT. As part of its Themis Initiative, BAT is looking to be listed on multiple blockchains. Brave’s browser wallet currently has support for Ethereum and Binance Smart Chain as a result of a configuration change in the wallet.
With this new integration, holders of the Basic Attention Token (BAT) will be enabled to participate in the activities of the DeFi ecosystem in Binance Smart Chain by using the multiple bridges that link the Ethereum and Binance Smart Chain ecosystems.
More Opportunities for BAT Holders on BSC
It is also pertinent to note that Brave is planning to preconfigure its support for Binance Smart Chain later this year. When Brave finishes preconfiguring support for BSC, BAT holders will then be able to access BSC directly without creating new wallets or downloading additional apps. Since BSC features low costs, Brave is looking into the possibility of using BSC to enable peer-to-peer tipping in the Brave browser.
Xiaoguang Zhang, Binance Smart Chain Ecosystem Coordinator, commented on the partnership. He said, “With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and Dapps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance.”
In agreement, Brendan Eich, CEO and co-founder of Brave, stated, “Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market. With wrapped BAT now available on BSC, we believe this is achievable. We are especially excited by the low transaction fees and scalability of Binance Smart Chain and how that enables us to build scalable and seamless DeFi applications for Brave users.”
BAT holders can leverage this integration to participate in BSC-supported projects like trading on BakerySwap and PancakeSwap. BAT holders can also optimize yields with Beefy Finance and positively engage with other projects like Venus, DODO, OpenOcean, and Autofarm.
Before now, Binance detailed the most common scams and dangers in the decentralized finance space.
As of the time of publication, Basic Attention Token (BAT) price was $1.15 with a 24-hour trading volume of $405,851,133. BAT price also fell by 1.4% over the last 24 hours. Besides, it has a circulating supply of 1.49 billion BAT coins and a max supply of 1.5 billion. Coinbase Pro is also the current most active market trading BAT.
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