Crypto-powered App Brave Passes 20 Million Downloads

Crypto-powered App Brave Passes 20 Million Downloads

 

Crypto-powered App Brave Passes 20 Million Downloads

Brave, a secure web browser for Android, has now been downloaded more than 20 million times, CCN reports. The passing of such a milestone puts the app in the top 1% of all Android downloads.

The browser has a built-in “AdBlock” feature in order to provide its users an ad-free experience. In addition to that, it is also designed to focus on secure and private browsing as it doesn’t track user activity and locations.

Brave’s cryptocurrency is the Basic Attention Token (BAT), and it is used as a reward for users and content creators.

The platform hit the wires following its ICO in June 2017, when it successfully managed to raise $35 million in under 30 seconds. It’s worth noting that the Brave project is lead by Brendan Eich, the former Mozilla CEO.

Prior to the ICO, Brave completed three different seed rounds to collect at least $7 million, according to Crunchbase.

The combination of a fast browser, secure and private environment and potential to earn money by creating content are the elements that make Brave a potential threat to established browsing giants Google Chrome and Mozilla Firefox.

As it is allegedly 7 or 8 times faster than Chrome or Safari due to its Adblock feature, the app apparently drains around 40% less battery than its competitors. In case users opt-in to adverts, they will be rewarded with cryptocurrency.

Earlier this month, the company announced it partnered up with Coinbase Earn to “allow users to earn utility tokens by viewing and completing educational tasks”. $5 million, denominated in its native BAT cryptocurrency, is available to users through this opportunity.

Also read: Crypto-Backed Brave Browser Set to Start Paying Ad Views

Its cryptocurrency, BAT, is performing good as well. The coin more than doubled its value in February as it rallied from $0.1011 to $0.2045 (see chart below).

Graph. Basic Attention Token (BAT) daily chart

The price action is currently stuck within a descending wedge as it bounces between the two converging trend lines. As it currently trades above the 100 and 200 DMA, we may expect a further push to test the wedge resistance.