BitClout the ‘influencer stock market’ going for the Millions

 

BitClout, a blockchain-based social network, lets users speculate on the social clout or influence of personalities. Such celebrities that have verified their accounts to claim their Creator Coins include Tiffany Trump, Jake Paul, Ashton Kutcher, Jordan “Wolf of Wall Street” Belfort, Cameron Winklevoss, Grant Cardone, and Tyler Winklevoss among others.

Its backers include prominent Silicon Valley venture capitalists, including Andreessen Horowitz, Sequoia Capital and Social Capital, North Island Ventures, Coinbase Ventures, TQ Ventures, Social Capital, Winklevoss Capital, Polychain, Digital Currency Group, and Pantera Capital, who have invested close to $100 million in the platform.

 “They are truly the first tool we have as a society to trade ‘social clout’ as an asset. If people understand this, then the value of someone’s coin should be correlated to that person’s standing in society,” according to the white paper on BitClout.

Essentially, BitClout wants to work as a stock market in which, instead of companies, people invest in the reputations of individuals. There are two types of crypto assets available on the platform. The first is BitClout, its native cryptocurrency. The second is creator coins, which are unique crypto assets for each creator on the platform. Users invest in creator coins using BitClout.

The price of a creator’s coin depends on their ability to create value for their investors through their posts, other content, or actions in the real world. Consumers and fans can in turn speculate on the price of these digital assets.

For now, you can directly buy BitClout, which as on May 5 is worth about $170 a coin, only by transfering bitcoin to get BitClout but I can really say that by using the platform there is a sense of community that I have never experienced before.

In just over a month, bitcoins worth $227 million have flowed into the platform, with over 205,000 total users included myself and 1,600 users Verified with an impressive 20% growth in the last 10 days

BitClout's founders have remained anonymous. The CEO goes by “Diamondhands” on the platform. However, there is speculation that Nader Al-Naji, former founder of cryptocurrency startup Basis, is the man behind the platform. I would definitely recommend to use the platform play with it and enjoy the sense of community find me there as @Millionairedad And if you happen to try it follow me, comment and let me know.  I will Invest in all the readers of this article.