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What is BitClout?

Published Tue, Mar 23 2021 17:26 pm
by The Silicon Trend

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BitClout, a crypto social networking platform - people can trade tokens based on their reputation. A report said before launch; it has received bitcoin deposit worth $165, Million.

Users can convert Bitcoin into BitClout tokens and then can trade with the tokens inside the social media platform. The user who trades maximum number will get a good reputation and can increase Bitclout token value. 

 

Screenshot 2021-03-23 at 10.46.24 PM

    Twitter Account, BitClout
 

“The core insight behind BitClout is that if you can mix speculation and content, you can not only get a 10x product that creates innovative ways for creators to monetize, but you also get a new business model that’s not ad-driven anymore,” BitClout’s lead creator, who goes by Diamondhands, told CoinDesk in a phone call.

 

Everyone can become a miner. It´s effortless to rent hardware and join a mining pool. 

Bitclout is a Proof-of-work designed blockchain designed for running Social Media. It's now tokenized version of social currency, with an internet presence that can be monetized and utilized through popularity among the fanbase. Founders, few investors, traders are enthusiastic about the business of BitClout. However, few are of opposite notion saying that it has no visibility of holding any coin in a permission-less manner.