BitClout lists on AscendEX, continuing incredible growth

AscendEX, a worldwide cryptocurrency monetary platform with a complete product suite, is happy to announce the itemizing of the BitClout token (CLOUT) on July 14 at 1 p.m. UTC. 

BitClout is the primary social community constructed with its personal customized blockchain as its basis. This new kind of social community permits any creator to have their very own token that their followers can purchase and promote. 

BitClout is a token-based market for shares in somebody’s (or one thing’s) repute and affect. If an influencer goes viral on Instagram for one thing pleasant, their token will respect in worth. If an influencer says one thing inappropriate on Twitter, it may damage the worth of their token. In principle, each public motion from anybody makes the creator token’s value topic to fluctuation and thus is tradable on {the marketplace}.

“BitClout is a disruptor to the established order of cryptocurrency and social media, and it’s simply getting began,” mentioned Shaun Maguire, associate at Sequoia, an early investor of BitClout. “We’re thrilled to have AscendEx’s assist of BitClout, enabling the world to commerce $CLOUT and be part of this radically completely different kind of social community.”

“BitClout is about people taking possession of the media they create,” mentioned Andy Artz, associate at Social Capital. “By delivering an open protocol for decentralized social networks, BitClout is the aggregation of cash and code designed to create the primary true open market for concepts. By partnering with AscendEX, BitClout isn’t the one one persevering with progress; the creators are.”

“BitClout has attracted an enormous ecosystem of 120+ new improvement initiatives and corporations constructing on high of it,” mentioned Johnny Steindorff, associate at Distributed International. “As a decentralized, open-source and creator-focused community, BitClout has the potential to develop into the main WEB3 social community layer 1.” 

At this time, a put up submitted to a standard social media platform belongs to an organization, reasonably than the creator who posted it. In distinction, BitClout is a completely open-source, decentralized challenge with no firm behind it– it’s simply tokens and code.

This implies each creator has a direct relationship with their followers with out intermediaries, which unlocks new methods to interact and monetize that aren’t based mostly on adverts. BitClout’s structure is just like Bitcoin, besides it could assist further options and complicated social community information like posts, profiles, followers, hypothesis options, and rather more with considerably greater throughput and scale.

The BitClout blockchain has its personal native cryptocurrency, referred to as BitClout (CLOUT) that customers can leverage to do all types of issues on the platform, together with shopping for “creator cash.” Anybody can purchase the BitClout cryptocurrency with Bitcoin in minutes via the app’s built-in decentralized “atomic swap” mechanism, obtainable on the “Purchase BitClout” web page. The variety of CLOUT tokens in circulation is capped at about 10.8 million, roughly half that of Bitcoin, making it naturally scarce.

BitClout’s lead creator and architect, pseudonymously referred to as @diamondhands, is part of a bunch of builders who created the BitClout blockchain with the intent of turning it into an everlasting optimistic drive for humanity that may convey competitors and innovation again to the web. 

BitClout’s backers embrace a formidable roster of blue-chip Silicon Valley enterprise capitalists — Sequoia, Social Capital, Andreessen Horowitz, TQ Ventures, Distributed International Temasek, Arrington Capital, Lengthy Journey Ventures, Ideo, Alexis Ohanian — together with high-profile crypto traders Coinbase Ventures, Winklevoss Capital, Blockchange, Sybil Capital, Pantera, PolyChain, and Digital Foreign money Group.

About AscendEX 

AscendEX (previously BitMax) is a worldwide cryptocurrency monetary platform with a complete product suite together with spot, margin, and futures buying and selling, pockets companies, and staking assist for over 150 blockchain initiatives equivalent to bitcoin, ether, and ripple. Launched in 2018, AscendEX companies over 1 million retail and institutional purchasers globally with a extremely liquid buying and selling platform and safe custody options. 

AscendEX has emerged as a number one platform by ROI on its “preliminary change choices” by supporting a few of the trade’s most progressive initiatives from the DeFi ecosystem equivalent to Thorchain, xDai Stake, and Serum.  AscendEX customers obtain unique entry to token airdrops and the flexibility to buy tokens on the earliest doable stage. 

To study extra about how AscendEX is leveraging finest practices from each Wall Road and the cryptocurrency ecosystem to convey one of the best altcoins to its customers, please go to

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Disclaimer: It is a paid put up and shouldn’t be handled as information/recommendation. 

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