Open source social media platform BitClout continues to grow and is attracting new business leaders and celebrities to the site.
About BitClout: Creators on BitClout have a coin value based on demand from people on the platform. Followers can buy and sell the coin, making BitClout a crypto social network.
Similar to Twitter Inc (NYSE: TWTR), users on BitClout can follow individuals or companies, like posts and reclout them. The major difference is the ability to invest in the accounts on the platform.
To reward their supporters, creators on the platform can offer rewards or exclusives for members who own their coin.
Investors in BitClout include Social Capital, Sequoia Capital, Andreesen Horowitz, Coinbase Global Inc (NASDAQ: COIN), Winklevoss Capital and Reddit co-founder Alexis Ohanian.
Exchange Launch: In June, Blockchain.com became the exclusive launch partner for $CLOUT, which is the native token used on BitClout.
Customers can deposit $CLOUT onto their Blockchain account for trading.
“We’re excited to provide exclusive access to buy and sell $CLOUT to Blockchain.com users, not just because it’s a popular crypto project but because it also demonstrates that architects, developers and builders can create consumer products with crypto protocols,” Blockchain.com said.
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