CLOUT is an online based integrated software that gives cryptocurrency investors a home. It is a blockchain-based platform primarily for the cryptocurrency community but not limited to this sphere.
What is UGC?
Most of the people are not aware that when one uploads content to any social network such as Facebook, Youtube, Twitter etc., the user’s content becomes the property of such platforms. These platforms then reserve the right to monetize such content. User Generated Content (UGC) accounts for a major portion of the revenues these social networking platforms make.
With more than 1.1 billion monthly active users, Facebook is also the most popular social network worldwide. According to statista.com in the third quarter of 2017, Facebook’s total advertising revenue amounted to 10.1 billion U.S. dollars!!
Fake News & Low Quality Content
As the monetization of the content benefits only the owners of such platforms, it leads to a situation where the content uploaded is of inferior quality. The lack of curation that is put into this content creates an ecosystem where fake news and misleading information thrive. Since there are no incentives for high-quality content and no consequences for low-quality content, the latter ends up being the most popular choice for average users.
The cryptocurrency and blockchain industry is growing by leaps and bounds. Crypto as of today is a 200-billion-dollar industry and yet it only has had a place as a sub-category on the traditional platforms used by the crypto community to get their information.
In Comes Clout.io
Clout aims to solve the above mentioned UGC related issues by creating a new social-media platform where curation is incentivized and where advertising revenue is shared with the content creators, thus spreading the wealth that is generated through digital content and further advancing the overall ethos of decentralization and cryptocurrencies.
CLOUT is an online based integrated software that gives cryptocurrency investors a home. It is a blockchain-based platform primarily for the cryptocurrency community but not limited to this sphere. It is building an ecosystem that will be the hub for accessing and sharing all sorts of information about the Cryptocurrency field. Most importantly, CLOUT intends to leverage blockchain technology as an incentive layer for both users and readers, rewarding them for acting in the platform’s best interests.
The CLOUT Platfrom
The CLOUT Platform will leverage blockchain technology to create a multi-language platform where users will be rewarded for creating and curating the highest quality and most relevant content. For the first time, creators and investors in noteworthy projects will now have a tool to maximize their influence (or clout) in the crypto space, maximizing their value.
The CLOUT Platform will feature a familiar and intuitive user interface with the common characteristics of a social media platform where, users will be able to create an account, edit their profile, search and find content, interact with the built-in CLOUT wallet and start posting and sharing posts. Importantly, the users will be rewarded through ERC-223 CLOUT & CLC tokens which will be stored on the in built wallet.
The CLOUT Platform will have two native tokens:
- CLOUT token (symbol CLOUT)
- CLOUT Currency (abbreviation CLC)
CLOUT and CLC will act as a utility token(s). Like the Proof of Stake mining concept, CLC will be generated by holding CLOUT.
CLOUT purchased during the ICO will receive the corresponding CLC at no cost. Any CLOUT purchased after the ICO closes will need to wait for it to generate additional CLC or purchase it on its own. The CLC token will be distributed proportionally in accordance with the CLOUT tokens held. With the increasing rate of new block generation, the total limit of CLC will be achieved in 2062. CLOUT holders can initiate a transaction at any time to claim their CLC tokens to their wallet addresses. Users will have access to their CLOUT and CLC following their purchase in the ICO.
Clout.io will be a game changer for the Blockchain industry as a whole. As the crypto space is moving towards mainstream adoption, loads of people are joining in. It is estimated that crypto space will store about 10% of world GDP, amounting to USD 10 trillion. All those new entrants are going to need relevant and genuine information to participate in this revolution.
The fact that all this sea of information at Clout.io will be verified by the crypto community itself, it will provide as a guiding force for people to invest in and join the best projects out there. To take it a step further, Clout.io will become the resource hub for ICO due diligence and promotion of promising advancements in the blockchain and cryptocurrency technology. Last but not the least, by incentivising community through its native CLC tokens, Clout.io will attract the best content sharers and creators in the space. Seems like we have a winner on our hands!!
Pre-Sale: Sold Out
ICO Start Date: 17th November 2017
ICO End Date: 17th December 2017 or until 10 Million tokens are sold
Phase Wise Distribution:
- 5 million tokens will be distributed during Phase 1 at $2.50/Token
- 3 million tokens will be distributed during Phase 2 at $5.00/Token
- 2 million tokens will be distributed during Phase 3 at $10.00/Token
Minimum Amount: 0.5 ETH (BTC & ETH Accepted)
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