Bitclout starting price

The fact that makers of the platform added profiles of top Twitter users without their permission has also stirred up criticism. Some members of the crypto community have gone so far as calling BitClout a scam. BitClout is built on a custom proof-of-work blockchain with similar architecture to Bitcoin, but with the additional complexity to support social network data, like posts and profiles. The network had been running on 12 nodes as of Monday, but the team expects that number to grow after the launch. The code will be open source after an audit is concluded within the next few weeks, Diamondhands said. For example, if ESPN opened a node, they could program their own social networking product with access to all the BitClout data, but with sports-specific features, too.

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Content:

• Inside the rise of BitClout — a crypto-based social network where you can bet on influencers
• BITCLOUT (CLOUT) price history chart
• BitClout (CLOUT) Price Prediction
• BitClout: Decentralized Social Network
• Are BitClout and Blockchain-Based Social Networks the Next Generation of Social Media?
• What is BitClout all about?
• Cryptocurrency Live Prices & Arbitrage
• What is BitClout? How BitClout Works (Invest in Your Favorite Influencers?!)
• Crypto social network BitClout arrives with a bevy of high-profile investors — and skeptics
• Please wait while your request is being verified...

WATCH RELATED VIDEO: BitClout ➡ Buy BitClout Coin - Where To Buy BitClout Token??

Inside the rise of BitClout — a crypto-based social network where you can bet on influencers

Last Updated: September 27, References. She has more than 20 years of experience creating technical documentation and leading support teams at major web hosting and software companies.

Nicole also holds an MFA in Creative Writing from Portland State University and teaches composition, fiction-writing, and zine-making at various institutions. This wikiHow article teaches you how to use BitClout to turn your online popularity into cold hard cash. BitClout is an open-source social media network that runs on a blockchain, sort of like Bitcoin. When you set up your BitClout account, you'll also be creating your very own cryptocurrency, which other BitClout users can buy, sell, and trade.

The more popular you are on BitClout, the better the chance that your personal coin's price will grow. It's best to have a basic understanding of Bitcoin and other cryptocurrencies, as well as your own Bitcoin wallet , before getting started with BitClout—the cryptocurrency world is full of scammers looking for new, unsuspecting victims, and BitClout is no different.

Create a BitClout account. Create your profile and your personal coin. Go viral and rake in the cash! Did this summary help you? Yes No. Log in Social login does not work in incognito and private browsers. Please log in with your username or email to continue. No account yet? Create an account. Edit this Article. We use cookies to make wikiHow great. By using our site, you agree to our cookie policy. Cookie Settings. Learn why people trust wikiHow.

Download Article Explore this Article parts. Tips and Warnings. Related Articles. Article Summary. Part 1. All rights reserved. This image may not be used by other entities without the express written consent of wikiHow, Inc. Creating an account is free, but you'll need some of BitClout's native cryptocurrency, CLOUT, to edit your profile, make posts, and do pretty much any other activity.

You'll get a small amount of CLOUT for free when signing up, as long as you're willing to validate your identity. Write down your seed phrase. Your BitClout seed phrase is the word password not characters, but words you'll use to access your account.

BitClout cannot recover your seed phrase. Keep it somewhere safe, and don't share it with anyone—even if they claim to work for BitClout. If you lose your seed phrase, you'll lose access to your account and any funds inside. If you don't want to verify your identity, you can verify your phone number to receive just enough CLOUT to make a post and follow some users. Create your profile. Click Update Profile in the left panel, and then enter the name you want to go by. This will also be the name of your personal coin!

If you are active on another social media network, like Twitter, use the same username if it's available, so it'll be easier for people to find you. Buy your creator coin. Once your profile is ready, you'll be asked to purchase your own creator coin. Everyone on the platform gets their own coin, and anyone can buy or sell your coin. You won't be able to buy your creator coin on exchanges like Binance or Coinbase—they'll only be available on BitClout.

Part 2. Lower your founder reward percentage. A high percentage will discourage investors, as it reduces their ability to profit from your coin. Post engaging, viral content. As with any social network, the more popular you are, the more exposure you get. The benefit of BitClout is that your personal coin grows in value as more people show support!

Think about the type of content that goes viral on Twitter, TikTok, YouTube, and other platforms, and incorporate that into your BitClout posts. Buy, hold, and trade creator coins. You can buy anyone's coins on BitClout not just to show support, but also to invest. Buy coins connected to creators who share viral content, have many followers, and are active on all social media not just BitClout.

You can buy creator coins by clicking Buy on someone's profile, or by clicking Buy Creator Coins in the left panel of BitClout. Although there are plenty of celebrity creator coins, many are not actually claimed by the celebrities themselves. BitClout reserved coins for the most popular celebrities on Twitter when they first started the service, but not all of these celebrities have claimed their coins.

This is more like fantasy sports—you're betting on the person's reputation, not buying stock in their successes. Check out BitCloutPulse. There is no guarantee that someone's creator coin will go up in value. If a creator coin you've purchased rises and you want to reap the benefits, you can do so by selling the tokens in BitClout.

To sell creator coins, start by clicking Wallet in the left panel of BitClout to view all of the coins you own and their estimated values in your local currencies. Click the coin and select Sell. Choose the amount you want to sell, and wait for your order to complete. Some options are: BlockChain. Include your email address to get a message when this question is answered. Like other cryptocurrencies, there are transaction fees on the BitClout network. If the fees seem too high, try again another time, as they fluctuate with activity.

Helpful 0 Not Helpful 0. BitClout is speculative, and there's definitely no guarantee you'll make money from buying someone's coin or holding CLOUT in your wallet. You Might Also Like How to. How to. About This Article. Written by:. Nicole Levine, MFA. Co-authors: 4. Updated: September 27, Categories: Making Money. Article Summary X 1. Thanks to all authors for creating a page that has been read times. Did this article help you?

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BITCLOUT (CLOUT) price history chart

A daily roundup of news and information about Bitcoin, Ethereum, Dogecoin and more, this page has everything you need to know about cryptocurrency. The pricing of cryptocurrency changes very frequently and remains highly volatile. Even looking at only the most well-known crypto tokens such as Bitcoin , Ether not to be confused with the Ethereum network for which it is the native token , Dogecoin , Litecoin and Ripple , there has been a lot of movement in their value. Bitcoin is the oldest and most well-known crypto token that you can buy, and in the last hours, its value has changed by Other cryptocurrencies are also now strong investment options and the Shiba Inu-themed Dogecoin, whose symbol is DOGE, which was initially created as a joke, is now one of the best known tokens.

BitClout (CLOUT) Price Prediction

Bitclout Official Website is a decentralized open-source blockchain social media network. The platform introduces a new business model that creates value based on the creator. This approach is different from Twitter and other platforms that focus on the content as the primary source of monetization. As such, the network has received support from some of the top players in the sector. In the Bitclout ecosystem, every profile is assigned a token. These tokens are designed to appreciate and depreciate based on the overall social status of the participant. This strategy is unique in many ways. Specifically, it allows you to speculate on people and posts using real value. You can help bolster individuals you believe in, and in return, you share in their success via rising coin prices. This strategy is better for the users because it incentivizes them to repost, share, and participate with creators as much as possible.

BitClout: Decentralized Social Network

Based on a decentralized protocol, BitClout uses blockchain and cryptocurrency to fuel social activity. BitClout users can speculate on people and posts using real money. After disappearing online earlier in March, BitClout is back online. What is BitClout? How does BitClout work?

Are BitClout and Blockchain-Based Social Networks the Next Generation of Social Media?

Sequoia, Andreesen Horowitz, Social Capital, Coinbase Ventures, Pantera Capital, and Reddit co-founder Alexis Ohanian recently invested into BitClout, a decentralized social network, that has provided the most compelling attempt so far at a social network that empowers creators but the project has also brought quite a bit of controversy. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale. The platform itself mimics the structure and feel of Twitter but integrates an exchange currency the CLOUT token and a user-specific currency called creator coins to power reputation-based speculation. Users can then use CLOUT to buy and sell creator coins which are essentially a token that represents the representation of an online profile. Beyond pure speculation, BitClout also plans to build more features natively into the creator coins to power better influencer-follower engagement through premium content, sponsored posts, the ability to bid for retweets, etc. Prior to launch, BitClout pre-loaded the top influencers from Twitter onto the platform, meaning that users could buy and sell their creator coins even the influencer had not joined BitClout themselves.

What is BitClout all about?

Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale. The price of BitClout doubles for every million BitClout sold. Every profile on the platform gets its own coin that anybody can buy and sell. The price of each coin goes up when people buy and goes down when people sell. The owner of a reserved profile can claim their profile by navigating to their profile and hitting a button to Tweet their BitClout public key shown below. When they do this, they gain full access to the account, as well as a percentage of the creator coins associated with their profile see Founder Rewards.

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What is BitClout? How BitClout Works (Invest in Your Favorite Influencers?!)

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Crypto social network BitClout arrives with a bevy of high-profile investors — and skeptics

Published August 18, The BitClout application itself is unchanged. In March, a group of pseudonymous developers behind the new social network BitClout sat frantically working to keep their blockchain platform running. A soft launch had gone viral and accidentally created demand before they were ready. Their founder, who goes by the name of Diamondhands, had devoted nearly two years to the project along with newer members of the team. Now, less than 48 hours after inviting a small group of acquaintances to try a beta version, it had spun out of their control.

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