Bitclout price in india
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Is Solana Getting A Bump And Dump By Chamath Palihapitiya?
Whether you are wondering what BitClout is all about or thinking if it is worth your time, read on till the end. You can learn all you need to know about BitClout before you sign up for the hottest crypto platform and bet on the popularity of public figures by buying tokens. What is BitClout? BitClout is a new crypto social network that lets users bet on the popularity of creators and influencers.
It is built on its custom blockchain, and everyone has their own coin on BitClout. Now, your next question must be — How do you buy BitClout currency? You will need Bitcoin to buy BitClout currency. And do keep in mind that there is no official way to withdraw or cash out funds right now. However, a trading site named BitSwap is about to go public that promises to let you buy and sell BitClout for Ethereum.
As more people buy the coin, the price goes up. Take a look at the creator coin supply curve, as highlighted in the whitepaper below:. This way, users can directly support and engage with their favorite creators, thus, eliminating the need for another social platform.
Similarly, other users can purchase your coin if they think you are worth it. You can like, reclout, quote clout, and comment on posts. Yeah, those are real features, and we are not joking.
Each post has a character limit of characters, just like Twitter. Check out the home page below: BitClout also has a messages section that you can use to send DMs to fellow BitClout users. The platform has no privacy settings, meaning you cannot turn of message requests, so it could likely be a nightmare for influencers and online personalities.
Take a quick peek at the messaging UI right here:. Who Is on BitClout? In an attempt to avoid impersonation, BitClout has reserved the accounts of the top 15, Twitter influencers. Reserved accounts that are yet to be claimed have a clock icon next to their names. However, some users did not like this approach. The account has since been taken down. In addition, you should also know that the alleged creator of BitClout has received a cease and desist letter for not seeking permission before creating the reserve account.
As of writing this article, of the top 10 most valued accounts, six of them are verified ones, two of them are reserved accounts, and well, we have two other users on the list as well. If the influencer has a good track record and many people believe in their growth, then their Creator coin value will rise, thus, helping you reap profits. However, if an influencer gets caught in a controversy which is not uncommon with Elon Musk , the price of their Creator coin could tank with ease.
So, we suggest you exercise caution while investing in your favorite internet personality, social media influencer, or public figure. The platform will now generate a seed phrase. The seed phrase will act as your password and you will have to enter the seed phrase to log in to your account. Click on Copy you will need it in the next step , and then click Next to proceed further.
Paste your seed phrase for verification and click on Next. You can now verify your phone number. One benefit of verifying your phone number is that you get free 0. Lastly, you can choose to add your email address to get notified when someone buys your Creator coin on Bitclout.
Setup BitClout Profile 1. After linking your phone number, you will get starter BitClout and can proceed to update your profile. You can now set your username, update the description, profile picture, and founder reward percentage. Founder reward percentage refers to the cut you receive as a reward when someone purchases your coin. This reward comes from the buyer and not the platform. The default value is 10 percent, but you can change it based on your preference.
While the concept of a crypto social network sounds good in theory, it remains to be seen if it is a passing fad or here to stay. Seeing the interest of many established Silicon Valley investors, BitClout has the potential to become the next big thing. With that said, unless the platform adds the option to natively cash out BitClout to Bitcoin or other cryptocurrencies, the skepticism is bound to prevail.
If you have any other questions regarding BitClout, do not hesitate to ask in the comments section, and we will try to help you out. Since this involves spending your valuable Bitcoin, do not forget to do your own research before spending a lot. We have already detailed what is Chia coin and how to farm it in a separate article. Leave a Reply Cancel reply Your Comment. Your Name. However, in the flagship segment, there […]. Asus has been doubling down on its Chromebook lineup in India to cater to the needs of students during the ongoing pandemic.
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bitclout crypto
If you follow technology, it would be impossible not to get dragged into the Web3 blackhole — right from WhatsApp chats to Twitter circles. A few have already taken the plunge. But what exactly is Web 3. Moneycontrol spoke to people working in this space to break down what Web3 is, what it changes and more importantly, what it means for consumers. Since the onset of the pandemic in March , online services have become an integral part of everyday lives.
What is BitClout all about?
Skip to main content by Spotify. Sign in Get started. Below the Line with James Beshara. By James Beshara. He has started three companies, sold one Tilt; acq by Airbnb , and invested in multiple billion-dollar startups in his career. Below the Line has evolved into a powerful weekly show that consistently takes a deep dive into the real journeys, the unspoken perspectives, and the psychological side of creating, founding, and learning. Listen on.
Crypto attracts more money in 2021 than all previous years combined
We're a place where coders share, stay up-to-date and grow their careers. Getting the BitClout price is really a must needed data since calculation of coin price, market cap, Total USD locked etc. You are all set now! If you want to learn more about the price of BitClout and how it is actually calculated check out Tijn's Formula.
Crypto social network BitClout arrives with a bevy of high-profile investors — and skeptics
As of April 6, , searching his profile gives you a error. Ethereum ETH. A fungible object is interchangeable and indistinguishable from another object. A good example of this would be money. NFTs however, are non-fungible, which means that they are totally unique.
Crypto for Creative Communities
BitClout seems to be the next latest hyped-up bandwagon for the investors as per ValueTheMarket. Over the last few months, the retail investors have experienced a wild ride. Now in the space, has entered BitClout, which has gained social media craze. The latest project can be described as a mixture of Twitter, Robinhood, and Bitcoin. Not that big, but the decentralized social project has attracted small traders into its frenzy.
Before we dive into what BitClout is, it's worth taking the time to understand another trending technology -- NFTs. Unlike in the real physical world, digital objects are not unique. In other words, the ones and zeroes can be copied perfectly as many times as you want.
The current social media works on the premise of user generated content, which is centralised i. When it comes to the business model, the content generated by users brings in interactions and generates interest which in turn brings in more and more users. Now the higher the number of users, the better it is for companies that own, run and operate these social networks as it enables them to generate profiles of users enabling targeted advertising. Now, at a time when millions of users of are concerned about their data privacy, more so after the stark revelations made in the Netflix docu-drama The Social Dilemma, and governments across the globe are at loggerheads with social media sites for greater control of data, a new site — BitClout — is generating a lot of hype. In simple words BitClout is a social networking site and a crypto investment market, where, instead of companies, users can invest in the reputation of other users. There are two types of crypto assets that can be used in the platform.
Many saw this as an open example of venture capitalists manipulating prices on the market and further damaging projects. The conversation follows up like so:. Everything is a discount. As Chamath Palihapitiya joked about getting discounts to buy Solana, Twitter users got enraged over the idea of giving the rich even more privilege -with discounts to dump on retail- inside the crypto environment. Now users claim that Venture Capitalists are the ones manipulating the price of tokens on the market, thus pumping and dumping: making a lot of revenue, then sinking the value. Only vulture capitalist destroy the project and empoverish all the other investors on their way out.
This content can also be viewed on the site it originates from. Who cares? Recently, Palihapitiya has achieved even greater prominence by launching a series of special-purpose acquisition companies, or SPAC s, which are among the fastest-growing financial instruments in the world.
Anyway.
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