- BAT and Waves to be listed on Kraken and will start trading on August 22
- The first trade transactions will take longer since sell orders require a deposit to be created first
- BAT and waves possess scalable digital infrastructure with the potential to promote transparency in cryptocurrencies
On August 22nd, 2019, Kraken Cryptocurrency Exchange stated on their website plans to list both BAT and WAVES on Kraken.
Basic Attention Token, BAT is a blockchain-based digital advertising platform that improves efficiency by creating a shareable new token between users, advertisers, and publishers.
BAT is based on Ethereum token which uses a decentralized open-source platform for advertisements. WAVES tokens power Waves blockchain, a decentralized network that supports all kinds of DApps (Decentralized Applications).
WAVES allow users to create their customized tokens that could be used in loyalty projects, ICO funding, and In-app currency creation.
Features of BAT and WAVES
WAVES blockchain technology is aimed at increasing efficiency in a wide range of business transactions like supply management and secure data sharing. It promotes high-speed throughput, security, flexibility, energy efficiency, and low costs.
Through WAVES, transaction types are added as plug-ins onto core software, making it possible for users to update their software only once after a token’s addition into the blockchain on WAVES decentralized exchange DEX. Since a decentralized system has no central authority, a user’s account cannot be frozen. Waves tokens are exchanged in pairs.
BAT uses decentralized blockchain technology to provide transparency and efficiency. BAT contains a DLT system, which anonymously catches user attention, and reward publishers. It offers a variety of advertising attention-based services, which use attention – focused mental engagement of a person.
BAT via Brave browser, anonymously monitors and measures how a person views ads and content in the highlighted tab. With this information, Ads can be matched with customer preferences using algorithms to create a filter for ads. BAT offers security and privacy by using cryptography to achieve transparency and accountability. Braves are already up and running with the support of its partners.
Benefits for BAT and WAVES from Kraken Listing
As one of the most secure crypto exchanges, Kraken helps users to buy, sell, and trade their digital currency. With Kraken, a user can learn about cryptocurrency, get advice on how to grow their digital assets, expand their digital investments, and access personalized investment choices. As from 22nd august, Kraken will facilitate deposits and withdrawals for both BATS and WAVES.
Kraken will also benefit BAT and WAVES through trading; by placing orders. The first trade transactions are expected to take time because sell orders require a deposit to be created first.
BAT benefits all its key players; the advertisers, content creator, and user. Both BAT and waves provide scalable digital infrastructure to promote trust in the Cryptocurrency space by using standardizing and tokenized assets. The WAVES team promises further developments that will make WAVES to be the fastest blockchain in the world in the near future.