BitClout
BitClout is a cryptocurrency project that allows people to buy or sell non-fungible tokens to an automated market maker; the tokens are called "creator coins" and are bound to cryptographically secured accounts with unique names. The development team has made concerted efforts to remain anonymous. The blockchain is entirely owned by the platform creators, leading to claims of decentralization being disputed. BitClout coins can only be bought, not sold. BitClout scraped 15000 profiles of celebrities from Twitter to create "reserved" accounts in their name, allowing the platform to raise money off of their likeness without their knowledge or consent.[1][2][3][4][5][6][7][8]
History[edit]
2021[edit]
As of April 7, 2021, there are over 115,000 Creators on the platform.[9]
Functions / development[edit]
Creator Coins are purchased or sold with Bitclout. Bitclout can be only bought by bitcoin.[10]
References[edit]
- ↑ Roberts, Decrypt / Jeff John (2021-03-26). "Inside BitClout, the Dystopian Social Network with Big Backers and Vocal Critics". Decrypt. Retrieved 2021-03-30.
- ↑ "What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter". CoinDesk. 2021-03-22. Retrieved 2021-03-30.
- ↑ "Crypto social network BitClout arrives with a bevy of high-profile investors — and skeptics – TechCrunch". Retrieved 2021-03-30.
- ↑ https://www.nasdaq.com/articles/what-is-bitclout-the-social-media-experiment-sparking-controversy-on-twitter-2021-03-22
- ↑ Wieczner, Jen (2021-04-12). "The Mysterious Influencer Stock Market Worth $1 Billion". Intelligencer. Retrieved 2021-04-22.
- ↑ Mittal, Apoorva. "BitClout aims to be the 'influencer stock market'". The Economic Times. Retrieved 2021-04-22.
- ↑ MacColl, Margaux. "Top VCs are loving a new crypto market called BitClout which lets them collect, and make money on, influencers like Elon Musk and Brian Armstrong". Business Insider. Retrieved 2021-04-22.
- ↑ "Controversial Crypto Project BitClout Faces Legal Charges Over Selling Social Tokens Without Users Consent". finance.yahoo.com. Retrieved 2021-04-22.
- ↑ https://cloutgate.com/
- ↑ CoinDesk, Zack Seward. "The fuss about BitClout". Axios. Retrieved 2021-03-30.
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