BAT3

Mission
‍The core mission of the foundation is to support the development and proliferation of BAT in order to launch and sustain transformative ideas that solve real problems around decentralization, privacy and data ownership.

Vision
‍Its members are passionate about the revelatory possibilities of Web3 and believe that BAT has a key role to play as the first universal currency in this new technological primitive. We think this can be achieved most effectively through:
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Decisions made in the interest of the long-term sustainability of the BAT ecosystem
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Mutually beneficial and accretive partnerships across blockchains and platforms
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Pursuing ambitious goals that reshape industries and create new paradigms
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Inclusive policies allowing a breadth of ideas to radically contribute and innovate forward

Broadly speaking, BAT3 will operate in stages with more details to come in the future

Stage 1: Infrastructure and Governance
BAT3 appointed council members kick off by self-funding the development of the charter, constitution, governance system, treasury, forums, and checks and balance systems

Stage 2: Community Participation
Crowdsourcing and collaboration begins as public Web3 members are able to access voting capabilities, elect chosen representatives, deliberate on project proposals, and interact with one another 

Stage 3: Community Tools & Governance
Council control being transitioned to elected representatives begins as the DO releases tools and new utility for BAT on the blockchain

Stage 4: Steady State & Sustainability
The foundation becomes a perpetual and community sustained organism

BAT3 confers multiple advantages to its members, chief among them its ability to pull together all the tools that each of them need to succeed in their chosen endeavors. Developers and thinkers have access to a pool of capital, technical resources and endless opportunities to work on the forefront of Web3. Investors and makers have the ability to vote directly with their dollars, having material impacts on the direction that they want to see projects go. Last but certainly not least, fans of BAT will have a way to help their favorite token reach its full potential!

Web3 has become a term used to describe the vision for the next iteration of the internet. If the first version of the web was read-only, the second was read and write, then Web3 is read, write, and own. This is increasingly more important in an era of censorship and financial inclusion as Web3 enables you to own your own data, assets, identity and engage in communities of your choosing (DAOs) as well as utilize native payment mechanisms.

BAT3 is so passionate about Basic Attention Token because it embodies the core guiding principles of Web3: Decentralization, being permissionless, privacy-centric, and trustless.

Due to this, it is only a natural extension to envision BAT as the best fit for Web3’s native cryptocurrency. We are only at the beginning of creating a better internet, but as we continue to develop BAT alongside the Web3 infrastructure, the future looks brighter and brighter