[pavlov]

Looks like the Brave BAT token trades at 0.29 USD, roughly the same price as five years ago. That seems like a good performance for a 2017 ICO since most of them went to zero.

I wonder how the secondary market works. It’s convenient for Brave to pay you in BAT for watching ads. Then you probably want to convert those BAT earnings to money since this is a token with no obvious reason to appreciate (as the price history shows). Who’s buying ad-earned BAT at 29 cents and why? Does Brave pay for market-making?

[Kranar]

The people advertising buy BAT back from the users so they can continue advertising. As ads get served, BAT gets transferred from the advertiser to the user. The user then sells their BAT on an exchange, and advertisers buy it so they can continue advertising.