008: Are Bitclout Creators The New Wave? ๐๐พโโ๏ธ
Crypto Twitter is bullish about it and Kylie Jenner's coin is trading at #26 ๐
Ocean Eyes on Foundation by SOOSEOW on Bitclout!
According to Bitcloudlist.com, on BITCLOUT, the Elon Musk coin is trading at #1 for $69K per coin with a $25M market cap. Meanwhile, Kylie Jenner is casually hanging out on the list at #26 trading at $10K per coin. They arenโt verified but their clout coins are waiting for them to tweet their public key in order for them to be verified. Bitclout is a creator-driven platform that allows fans, supporters, investors, etc, to directly support you when they buy your coin. Itโs a form of decentralized social media that cuts out the middle man. Social coins are the next wave. Platforms like Rally.io are also in this same category
An account named DiamondHands on BitClout is known to be the developer. He is anonymous but is known to be in the same social circles of people who are involved with Sequoia Capital and other investment firms. Thereโs also been several cease and desist letters sent to him as reported by other platforms.
Still, the app is in beta mode and like most apps that are the latest investor commodity, there are going to be a few hiccups. One is that the website crashed even though countless celebrities like Mike Posner, Elon Musk, etc have been verifying their accounts all day. Tech Crunch has also written a very speculative article.
Anyways, I was sitting up chatting on Clubhouse the other night and I knew I had to write to tell you guys about it!
I wanted to support Soo and their latest crypto Art Instagram. He released minted a token on Foundation.app featuring Billy Ellish, who is such a pop icon right now!
Crypto Twitter is very bullish about Bitclout being bigger than Facebook. Yes, you read that right. We need as many people as possible motivated to build the next Facebook based on what I heard them testify before Congress.
In theory, this isnโt a totally decentralized platform, and even though they are trying to be open source. Bitcoin is used in exchanging creator tokens. Upon logging into the site, you have to send BTC to your BitClout wallet in order to support your favorite creators.
If you have any questions, you can check out their White Paper here.
Rules of Bitclout:
Write down your seed phrase on a piece of paper and donโt lose it.
Buy your own token first at a higher percentage.
Update May 11, 2021
Diamonds are a way to monetize likes. So if you give (or get) one diamond itโs like one penny, and it goes up to around $850. In your wallet, there is a tab for received coins, and that is where you will see the diamonds you receive, or on your profile page, you can see the diamonds each person receives.
*This is not financial advice. Please do your own research.