Q: What is BitClout? Is it a Social Network, Is it Crypto Currency? Is it Social Tokens?
BitClout is all of those things, and more. Most importantly BitClout is a socially-economic experiment that I have been observing for last six week. According to @DiamondHands, BitClout's creator says it's a new way to monetize a following. Fantasy Twitter's but thats just the begining.
What BitClout Is Today?
At its core, BitClout is few things:
- Decentralized protocol build on top of Bitcoin for exchange of value
- Open Source protocol for developers to build on top of ( 4 out of 5 Modules have been released over the last few week)
- Fantasy Stock market where you can invest in people, projects and ideas
- Social network (very similar to Twitter) with YouTube, Vimeo, and TikTok integrations in the first 30 days and many more to be developed by the community
A different social network with a new kind of monetization tool for creators called "creator coins." With BitClout, every creator gets a coin that anyone on the platform can buy and sell, which unlocks many innovative ways for creators to monetize, and allows them to create deeper relationships with their followers.
Over last few month BitClout has reportedly took in over $160 million and attracted the interest of prominent investors and cultural figures. With a list of ivestors that would make any Unicorn jellosu tne teams at Sequoia, Andreessen Horowitz, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, Digital Currency Group, Huobi,Variant and others have confirmed funding the project.
With Logan Paul coming claiming his accout last week, and jumping on Clubhouse to chat with Craig and Jake Udell about the Mayweather match, and how he is loooking to utialize the platform and enagge with his fans. TikTak's are now integrated, as well as YouTube and
The network is Keep in mind the
But already, crypto security firms are pointing to suspicious transactions patterns, and warning the site has all the appearances of a scam.
What are creator coins?
Creator coins are only the beginning, though, and you can learn more about the product side of BitClout here.
A new kind of blockchain. We decided to build BitClout from the ground up as its own custom blockchain. It has an architecture similar to Bitcoin, but re-imagined to support a social network.
BitClout is not a company, it doesn't have a board, and there is no CEO-- it is just code that runs on nodes across the internet just like Bitcoin.
Every profile, post, follow, etc... is stored on a public blockchain that everyone in the world has access to, making it a totally open platform that has the potential to solve the problems that social media has today.