What can the funds be used for? What's its purpose?
I use the browser for this site and others, trying to stay away from the main ones, and have accumulated a few BAT (whatever that is). Apparently I don't pay much attention.
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I've been using Brave for a few years now and have accumulated about 400 BAT which is around $285 in my wallet. I've never done anything with it yet, I suppose I might be saving them up to convert to crypto, but I don't know much about how that works yet.
I think the idea behind the BAT is that you can automatically 'tip' content providers (that have Brave rewards on their end) in lieu of the browser blocking all of their ads.
You can set the numbers of pop up ads you see per hour. I think the max is 5 or 6. The more ads you see, the more BAT you receive each month. They're just little pop up boxes that appear in the bottom corner of the browser. They're pretty unobtrusive and are easy to close. I rarely click on them and close them without thinking about it.
Mine show up on the top of my tablet's screen. I never open them, just letting them accumulate. ;)