A social media site called BitClout recently made its way into the cryptocurrency space. With the tagline “Speculate on people and posts with real money,” BitClout aspires to be “The Crypto Social Network.”
Users of the BitClout platform can purchase and exchange tokens based on the worth of a person’s reputation, which is determined by the number of followers they have.
Every profile on the platform receives a separate “creator credit” for each post, like, or follow in addition to a “EQ” ranking score. Emotional Quotient, or EQ, measures a person’s emotional intelligence in comparison to other profiles on BitClout.
Here we will see details about Bitclout 1b Aprillester Newyorker.
What is BitClout?
BitClout is a brand-new kind of social network that combines social media and speculative activity and was created from the ground up as a unique blockchain.
Its architecture is comparable to that of Bitcoin, but it is capable of supporting a wide range of complex social network data, including posts, profiles, followers, speculation features, and much more, at a much higher throughput and scale.
Like Bitcoin, BitClout is an entirely open-source project that is supported only by money and code.
You can purchase new kinds of assets on the BitClout blockchain, such as “creator coins,” which are described below, using BitClout, the native cryptocurrency of the BitClout blockchain.
Through the decentralized “atomic swap” mechanism that is built into the app and accessible on the “Buy BitClout” page, anyone can instantly purchase BitClout using Bitcoin.
BitClout is naturally scarce because its supply is capped at 10.8 million, about half that of Bitcoin.
How to Use Bitclout?
Bitcoin can be used to purchase BitClout currency by the following steps:
- You must have bought Bitcoin. You may use Coin base for this. It’s very simple to sign up for Coin base.
- Create a BitClout profile here (you can have your own coin as well!) after purchasing Bitcoin.
- You can now send Bitcoin to a specific address to purchase Bitclout with Bitcoin.
- After transferring Bitcoin, you can directly purchase BitClout on their website.
- After exchanging for BitClout, you can use it to purchase coins from your favorite creators!
What are Creator Coins?
Every profile on the platform receives a unique coin, which anyone can purchase and trade. These coins are referred to as “creator coins,” and you can get one of your own by simply creating a profile.
Each coin’s value increases when people buy it and decreases when they sell it.
You can buy your favorite person’s coin
Simply go to someone’s profile and click “Buy” to purchase their coin. You can either conduct a search for it or go to the creator coin leaderboard to find someone’s profile (shown below).
Although the top 15,000 Twitter influencers aren’t yet on the platform, their profiles have already been pre-loaded there, allowing you to buy and sell their coins. The “clock” icon next to the names of these “reserved” profiles indicates that the owner has not yet joined.
Look Bitclout aprillester newyorker is a brilliant new perspective on social popularity and cryptocurrency. There are countless implications for this type of structured system that makes use of blockchain technology.