If you have been closely following the cryptoverse, you must have heard of the rising social network ‘BitClout’. 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. So without further delay, let’s get started.
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. These coins, which are non-fungible tokens (NFTs), are called “Creator Coins”, and anyone on the platform can buy or sell coins using BitClout currency – the default currency used to buy Creator coins.
- What is BitClout?
- BitClout Interface and Creators
- Who is on BitClout? And Can It Make You Money?
- Create a BitClout Account
- Setup BitClout Profile
- Is BitClout Worth the Hype?
In an attempt to avoid impersonation, BitClout has reserved the accounts of the top 15,000 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. For instance, Singapore’s Prime Minister Lee Hsien Loong took to Twitter to call out Bitclout for listing his profile without permission. 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.
- elonmusk ~$50,179.50 – Reserve Account
- naval ~$42,199.04 – Reserve Account
- chamath ~$28,013.66 – Verified Account
- Da5id ~$27,551.31
- craig ~$26,615.09 – Verified Account
- WhaleSharkdotPro ~$25,113.16 – Verified Account
- balajis ~$21,583.86 – Verified Account
- dharmann ~$18,240.00 – Verified Account
- jakeudell ~$19,602.47 – Verified Account
- 021 ~17,546.06
As for the second question about whether investing in public figures and influencers can make you money or not, well, it depends. 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.
Create a BitClout Account
If you are interested to sign up on BitClout, go to BitClout’s official website and follow these steps:
Paste your seed phrase for verification and click on Next.
After linking your phone number, you will get starter BitClout and can proceed to update your profile. Click on “Update your profile” to go to the profile setup page.
Is BitClout Worth the Hype?
According to a recent TechCrunch report, BitCloud has received funding from notable investors, including Sequoia Capital, Andreessen Horowitz, Social Capital, Coinbase Ventures, Winklevoss Capital, and Reddit co-founder Alexis Ohanian. As per a New York Magazine report from early April, more than $225 million worth of coins has been traded within a month of the platform’s launch. Also, the influencer stock market already has a valuation of over $1 billion.
