Bitclout is a decentrilezed social media platform which mean it's not backed by any kind of companions or corporation but only by the people and the user of this platform.Bitclout offer their users security and privacy of their data it offer users others services which we cannot find today today on other centrilezed media platforms such Instagram,Twitter,Facbook and others.Bitclout it has a tipping system that is used to boost content creation and bring more creators to their platform but that's not the only think that u could do on Bitclout. As Bitclout allows you to bet on your favourite content creators.
How can you do that?
Well to invest in a content creator the first thing that u need Btc which u can purchase from an online exchange then the moment u signup u can convert ur Btcs into Bitclout through the website as it uses an Atomic exchange (An atomic swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges)With every on million Bitclout bought the price will double,after u sign up u will be able to buy an exclusive creator coin with your Bitclouts.The way u invest on a content creator is the same as u invest on a stock or a cryptocurrency ,it follows the same supply and demand model.
In Bitclout users cannot trade coin with each others ,only the content creator will get a portion of their coins and can offer fre content or giveaway to the people wo invested in them.Overall is sound like a really interesting idea ,we will go from betting to sports teams to celebreties and influencer as they battle each other for the top spot ,honestly that is something that I d pay to see.I got 20$ on Elon,who are you cheering for ? One other thing that u need to know before jumping and betting someone is that u cannot convert your Bitclouts to Btcs at least not yet and that has made people feel sceptical and fearful about Bitclout so I would suggest we wait and see how Bitclout is going to deal with it
