BitClout is a new type of social network that builds from scratch a custom blockchain that users can leverage their influence and content monetization mechanism. Its architecture is similar to Bitcoin, but it has a larger scale and throughput, which can better support complex social media data, such as posts, user profiles, fans, speculative predictions and other functions. And like Bitcoin, BitClout is a completely open source project, there is no company behind it, only tokens and codes.

BitClout Token

The BitClout blockchain has its own native token called BitClout, which users can use to perform various operations on the platform, including purchasing a new type of asset called "creator token" as described below.

What are Creator Tokens?

Inside each user profile on the platform is a unique token that can be bought and sold by anyone, the "creator token", which is automatically generated when you create a user profile. The price of its tokens will rise as the purchase volume increases, and vice versa as the sales volume increases.

Use of Creator Token

Creator Token is a new type of asset associated with personal reputation rather than company or commodity. It is the first tool that can trade social influence as an asset. In fact, someone's token should be closely related to that person's social influence. For example, if Elon Musk succeeds in sending the first human to Mars, the price of his tokens will theoretically rise, whereas if he makes inappropriate remarks at a press conference, then the price of his tokens should go up. will fall. This way, people can invest in someone's tokens because they believe in their potential, and be financially rewarded when they prove their potential and achieve success. Traders can also profit by buying and selling volatility.

To sum up, there are still many exciting directions and opportunities for creator tokens, and we hope to integrate them in the near future, such as:
Stakeholder Congress
Creators can only allow users who hold a certain amount of their tokens to rate their posts. In this way, any user who wants to speak out about the content of this creator must establish contact with him by purchasing this user token. Such a connection method not only significantly reduces the amount of spam, but also creates a significant demand for this user's token. You can imagine, for example, Elon Musk or Chamath holding an AMA with a minimum token holding threshold or according to user holdings The number of coins to answer the question.
Priority Messages
Most creators get a lot of spam in their social media inboxes. Through the BitClout platform, it is possible to limit only users with a certain amount of their tokens to send letters, or directly prioritize and increase the priority of information for multiple users holding tokens. Alternatively, they can stipulate that a certain token be charged to open the inbox. These can increase its token demand on the one hand and filter spam at the same time.
Sponsored Posts
Creators can have an inbox where anyone can "bid" them to republish content (aka "retweets") Imagine if you It's okay to ask Kim Kardashian to retweet your fashion brand, you can send a request directly to her inbox, and if she retweets it will keep your money. These bids can also be made with Creator Tokens, which again significantly increases the demand for tokens.
Premium Content
Users who have a certain amount of Creator Tokens can access special content, or people need to pay a monthly subscription fee in Creator Tokens to get some premium content .
Distribution and Participation Model
Creators can also use their tokens to distribute scarce resources to the largest token holders. For example: imagine that a celebrity can choose to have lunch with their largest token holder on a certain date. Or, they could add 1000 signed posters to the first 1000 token holders. This is just the beginning of creators using tokens to engage with fans, and all of these ideas will significantly increase the demand for these tokens.
Commercial Likes
Likes can be thought of as a purchase of creator tokens. There is a cost for liking, but you can also get tokens for the creator you like (this effectively establishes a shortcut for buying tokens directly linked to their content). A feature like this can be an effective signal for better quality content.