BAT is intended to improve the efficiency of digital advertising by creating a token that can be used among publishers, advertisers, and users in the new blockchain-based BAT digital advertising and services platform. Brave browser users can earn BAT tokens in a variety of different ways, and Uphold is the exclusive wallet provider for the Brave browser.
Brave browser users can transfer their BAT tokens to their Uphold wallet and buy, exchange, sell, and now earn up to 6% on their tokens. Brave announced in January 2019 that it has surpassed 5.5 million monthly active users, and is a huge opportunity for those users to earn while they hodl through Cred.
Cred has a long history with Brave and Brendan Eich through the UP Alliance, which is intended to usher in the next 100 million cryptocurrency adopters. BAT is one of the few cryptocurrencies with a legitimate use case for mass adoption, and if you would like to invest in BAT directly, you can do so through Uphold here.
How you can earn 6% on your Basic Attention Token (BAT)
Uphold users with a BAT wallet can simply enable Cred, then hit Start Earning on your Cred dashboard under Eligible Assets. On the first and fifteenth of every month, Cred will activate your program and interest will start to accrue on that date. Every three months, interest is paid out in dollars, stablecoin, and coming soon, the cryptocurrency of your choice. At the end of your six-month term, you have the option to auto-enroll for additional three month periods. Holders of Cred’s utility token LBA get the premium interest rates on their digital assets.
Key Features and Benefits of CredEarn
- Safety and security of the most comprehensive crypto-insurance available through Lockton. Read more about Cred’s insurance here.
- No minimum or maximum account size needed to start earning.
- Cred’s LBA holders can access premium interest rates and features like early withdrawal, no penalty (subject to availability).
- Interest is annualized and paid quarterly in USD, LBA or stablecoin.
- No monthly or hidden fees.
Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred has secured over $300 million of lending capital with offices in San Francisco and Shanghai. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology.