Here's a silly question, and I'm just the guy to ask it....
If I earn Basic Attention Token (BAT, an ERC-20 Token), do I also earn Ether (ETH)? I earn LEO on Layer 2 and HIVE on Layer 1, and isn't BAT a Layer 2 token on Ethereum?
If the answer is yes, then I now have a reason to fire up hundreds of tabs on my Brave browser.
If the answer is no, please explain the differnce between the HIVE/LEO situation and the ETH/BAT situation.
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Naa, you don't also earn ETH on ERC-20 tokens in the same way you earn HIVE alongside Hive-Engine tokens.
Earning Hive-Engine tokens alongside your HIVE all comes down to the Hive blockchain's unique distribution method of a daily rewards pool.
Remember that when you post on a layer 2 community such as here on LeoFinance, you're still publishing to the Hive blockchain.
This means that you are eligible for both sets of rewards.
The Ethereum blockchain on the other hand, doesn't use a rewards pool system like Hive to distribute tokens.
Therefore when you 'earn' an ERC-20 token like BAT, you are not doing so from a rewards pool as we have here.
While both are layer 2 tokens, the Hive and Ethreum blockchains are designed completely different, with completely different tokenomics and distribution.
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Oh cool, I knew that the answer to the original question was "no" but I wouldn't be able to explain why. Thanks for the explanation
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Living and learning my friend. That's why the community is important to our learning.
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Well spoken, man
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So the dream is dead. I had a feeling the answer would be "no," but I wasn't sure why. That's a good explanation for why the situations aree different. Thanks for the clarification.
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I confess that I'm a little informed about BAT, I don't use it much in my daily life but what little I know is that you only get BAT depending on your use in your browser.
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I get only $1 to $2 per month using Brave Browser, but nevertheless, I use it because of its other useful features. 🤔 I am even willing to stop using Brave Rewards, though it still feels good to donate BAT to my favorite Brave Verified Creator websites which are Hive frontends. 😏
I don't want to signup for some third party website just to withdraw BAT, so I just tip them. 😅
That's good to know, it's nice to be able to donate a part of your earnings to the sites you like/use.
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I don't see BAT as "earnings", since it's either tip them or lose them, unless I signup for a third-party website just to withdraw the BAT. 🤔
You don't earn ETH while earning BAT, much like not earning HIVE when someone pays you LEO tokens. 😏
Anyway, I don't think that running hundreds of tabs on Brave Browser would give you more earnings, since their server will check which IP addresses each Brave Browser instance is located. 🤓
The hundreds of tabs are to capture the few tabs which have ads that let you earn BAT. I think there's a cap of 5 ads per day, anyway, although I could be wrong.
It seems like too much work for too little gain. What I lose in BAT, I make up with PRE when I use Presearch for my searches.
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I think you can set the cap to a little more than that, but yea, there is one
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The cap is 5 ads per hour (though you can change it to as low as 2 ads per hour), but even if I use Brave Browser several hours a day (for Hive), I usually get less than $1 per month. 🤔 I think they don't give much if you use multiple Brave Browsers on the same IP address. 🤔
Anyway, even if you get 10 times more BAT than I earn from Brave Browser, I would still use that app even if they totally remove the rewards, since my best use for BAT is only for tipping. 🤔
How much have you earned from Presearch?
5 ads per hour is a better rate of ads. Even so, I don't think it's worth it for me. If I'm going to view ads, I may as well go back to using adBTC; at least that's a more interactive experience.
As of a minute ago I had earned 60.96 PRE. That's over 2 months since I discovered it in May. In local currency that's not much, but it beats the BAT I would have earned during that time.
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Do you mean you earned 60.96 PRE in just a minute? 🤯 Maybe you mean you just checked a minute ago that you accumulated 60.96 PRE. 🤓
Anyway, I never thought of Brave Browser's BAT rewards as a source of income. 😅
Don't we wish!! Sadly, that "minute" was a time check. During the 2 months I've been using Presearch I had earned 60.96 PRE. Neither BAT nor PRE would be a source of income for me, although PRE would rank higher for that purpose than BAT.
Didn't @trumpman earn something like USD 300 in BAT? I think he wrote a post about his experience with BAT over the course of a year.
For "get rich quick," BAT won't get it done.
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I don't think we would get rich quick by just using any app that pays tokens. 🤔 My BAT monthly earnings are usually not even enough to pay for a burger in a restaurant. 😅