There's a new platform that plans to completely replace social media hubs like Steemit, Reddit and even Facebook that are constantly spreading fear & uncertainty throughout our community. Allow me to introduce you to the future of decentralized media.
Sean Kirtz is the Founder of CLOUT, a blockchain database that promotes the cryptocurrency community’s growth and is committed to providing users with quality information in this massively growing crypto space. It basically combines a social media concept (with roots in users generating their own content to share) with the added functionality of monetizing the online content market, specifically related to cryptocurrency. It is the first of its kind as currently, there is no other reputable tool to bring users quality information which is what CLOUT does. It aims to become the standard in quality for everything crypto; news, media and investment.
Currently, investors are forced to choose from a variety of different social media platforms when looking to access quality information pertaining to cryptocurrency. Platforms like Reddit, Facebook, and Steemit are the only option for users. These websites are social media networks first and foremost, and when crypto-related content is featured on them, it is always reduced to a sub-category of the platform. However, CLOUT intends to change that by being the go-to platform for users to know everything they need to know about cryptocurrency exclusively.
Also, today’s cryptocurrency investors are faced with the problems of scams and phishing attempts that plague the current “user-driven” communities online. Every single day, hackers come up with new ways to try to steal cryptocurrency from people which discourages new users. CLOUT aims to eliminate this problem. The scams can be the common ones which are easily detectable or the more difficult ones which involve such scams selling themselves as an ICO. CLOUT is going to provide a much needed vetting process of ICOs for users. The CLOUT platform will evaluate and provide analysis of all current and upcoming ICOs thus helping to establish the standard of quality for today’s ICO space.
Cryptocurrency has grown into a $100 billion-dollar market and will continue to grow exponentially as it generates more public interest. Yet, blockchain technology enthusiasts and investors alike are forced to navigate multiple platforms, sub-categories and a never-ending sea of inaccurate or biased posts when looking for new information. Therefore, the market and its investors deserve a platform that is exclusively dedicated to it and only it, “CLOUT.”
20% of the total number of CLOUT tokens are set to be distributed over the course of the project roadmap over the next 5 years. Over 40% of the total number of CLOUT tokens are to be allocated to the advancement of the CLOUT project while over HALF will be reinvested. By releasing 2 million tokens each year for the next 5 years, CLOUT intends on showing investors that it is not a “pump” token. It is built right into the smart contracts created by the CLOUT developers. CLOUT team members are for the advancement of the project in its entirety. There are no greed or egos allowed on team CLOUT. This is reflected in the low amount of tokens offered during the crowdfunding phase. The same amount of tokens offered during the ICO to be released annually is the same as what is being locked in storage. CLOUT is dedicated to becoming a cornerstone in the cryptocurrency community. They intend to grow with the entire market and become the go-to platform of cryptocurrency.
Clout is built on the Ethereum network and powered by 2 native ERC223 tokens: CLOUT coin and Clout Currency (CLC). (An ERC223 token is basically an upgrade on the ERC20 token and is much easier to use.) Members use CLC when they post content, up-vote, and comment on other member’s posts. Everything runs on CLC, it is cheap and keeps the network free from clutter and it is created with CLOUT coin (Think NEO/GAS). After the initial disbursement to the ICO participants, CLOUT coin will create CLC on a staggered release schedule until 1 billion total coins are created. Reaching the 1 billion CLC limit will take almost 50 years, therefore both tokens become more valuable as time passes.
CLC tokens represent the users’ voice on the CLOUT platform in the form of a subscription. This is because it allows users to use the platform in its full capacity, allowing them to share and create content. Without CLC, users can still access the CLOUT network in a “read only” mode but cannot contribute to the community. CLOUT token holders also receive a portion of the advertising revenue of the CLOUT platform. The CLOUT platform will partner with other blockchain projects who will be featured on the interface, through sponsored exclusive content. All token holders regardless of the amount of CLC they hold or the level of activity on the network will receive a maximum of 2% of the total revenue taken from advertisements on the site quarterly.
3 Benefits of using an ERC223 Token:
(1) Eliminates the problem of lost tokens which happens during the transfer of ERC20 tokens to a contract (when people mistakenly use the instructions for sending tokens to a wallet). ERC223 allows users to send their tokens to either wallet or contract with the same function transfer, thereby eliminating the potential for confusion and lost tokens.
(2) Allows developers to handle incoming token transactions, and reject non-supported tokens (not possible with ERC20)
(3) Energy savings. The transfer of ERC223 tokens to a contract is a one step process rather than a 2-step process (for ERC20), and this means 2 times less gas and no extra blockchain bloating.
https://github.com/Dexaran/ERC23-tokens/tree/Recommended#erc23-token-standard
Sean Kirtz (Founder) - Digital Marketing Specialist & Founder of XWS - a DevOps, mobile and web company
Simon Josef (Cofounder) - UX/UI developer, marketing expert, blockchain enthusiast and fintech visual architect with over 10 years of experience
Dean James (Cofounder) - Business Law Degree from Penn State University
Frank Lucido (Cofounder) - Finance Degree from Florida Atlantic University
Joshua Hawley (CEO) - Blockchain and ICO advisor based between SE Asian and MENA
Jeff Kirdeikis (CMO) - Founder of EtheruemInvesting.Info, CryptocurrencyInvesting.News, Cryptocurrency Investing and Ethereum Investing social media organizations
Dennard Small (COO) - Business Analyst, Digital Project Management, Political Science & Geography from Clemson University
Bonnie Normile (PR Manager) - Business Administration & Management at Berkeley College
Andrew Zubko (Tech Lead) - Experienced blockchain developer and a technology leading the development team for Clout
Ihor Pidruchny (Tech Lead) - Professional technology manager with hands-on experience in cryptocurrencies and blockchain as well as social media, B2B and trading solutions
JDestiny Aigbe (Lead Council) - Focuses on financing small private and public firms to broker-dealer disputes and investment fraud
Vilma Mattila (International Business) - Law & Business and MBA from London School of Management
Ryan Fugger (Chief Advisor)- Creator and developer of the Ripple payment protocol and exchange network
CLOUT token holders will receive a certain amount of CLC tokens based on how many new subscribers to the CLOUT network they refer.
Also, users who refer new subscribers to the CLOUT network will be rewarded with CLC based on a tiered system. The earlier the referral on the CLOUT roadmap, the larger amount of CLC awarded.
Referrals made post ICO - December will receive 1 CLC.
Referrals made Q1-2018- Q2-2018 will receive .75 CLC.
Referrals made post Q2-2018 will receive .5 CLC.
You can invest in the Pre-ICO via www.clout.io as of September 10th, 2017. You can participate in the 1st round of the ICO sale October 27, 2017. The token sale will run for one month & only ETH will be accepted in exchange for CLOUT tokens during the crowd sale. Also, any CLOUT tokens purchased during ICO receives accompanying CLC free.
