BitClout is hosted on AscendEX, continues to grow incredibly
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BitClout is hosted on AscendEX, continues to grow incredibly

AscendEX, global cryptocurrency financial platform with a comprehensive suite of products, excited toannounce list BitClout token (CLOUT) July 14 at 13:00 UTC.

BitClout is the first social network built on its own blockchain as a backbone. This new type of social network allows any creator to have their own token that their followers can buy and sell.

BitClout is a token-based marketplace for selling someone’s (or anything’s) reputation and influence. If an influencer goes viral on Instagram for something amazing, their tokens will be valued. If an influencer says something inappropriate on Twitter, it could damage the value of his token. In theory, every public action by someone makes the price of the creator’s token fluctuate and thus trades in the market.

“BitClout is disrupting the status quo of cryptocurrency and social media, and this is just the beginning,” said Sean Maguire, partner at Sequoia and one of BitClout’s early investors. “We are thrilled that AscendEx is supporting BitClout, enabling the world to trade $ CLOUT and join this completely different social network.”

“BitClout is the people who take ownership of the media they create,” said Andy Arts, Partner at Social Capital. “By providing an open protocol for decentralized social networks, BitClout is a collection of coins and code designed to create the first true open market for ideas. Thanks to its partnership with AscendEX, BitClout is not the only company that continues to grow; creators. “

“BitClout has attracted a huge ecosystem of over 120 new development projects and companies that build on it,” said Johnny Steindorff, Partner at Distributed Global. “As a decentralized, open source and author-oriented network, BitClout has the potential to become the leading level 1 social network WEB3.”

Today, a message posted on a traditional social media platform is owned by a corporation, not the creator who posted it. In contrast, BitClout is a completely decentralized open source project with no company behind it – it’s just tokens and code.

This means that each creator has a direct relationship with their subscribers without intermediaries, which opens up new ways of interaction and monetization, not based on advertising. BitClout’s architecture is similar to Bitcoin, except that it can support additional features and complex social media data such as posts, profiles, followers, speculation features, and more, with significantly higher bandwidth and scale.

The BitClout blockchain has its own proprietary cryptocurrency called BitClout (CLOUT), which users can use to perform any transactions on the platform, including the purchase of “creator coins”. Anyone can buy BitClout cryptocurrency with bitcoins in minutes using the app’s built-in atomic exchange decentralized mechanism, available on the Buy BitClout page. The number of CLOUT tokens in circulation is capped at around 10.8 million, roughly half that of bitcoins, making it a natural scarcity.

The lead creator and architect of BitClout, known by the pseudonym @diamondhands, is part of a group of developers who created BitClout blockchain with intention turning it into an enduring positive force for humanity that can bring competition and innovation back to the Internet.

BitClout backers include an impressive roster of blue-chip Silicon Valley venture capitalists – Sequoia, Social Capital, Andreessen Horowitz, TQ Ventures, Distributed Global Temasek, Arrington Capital, Long Journey Ventures, Ideo, Alexis Ohanian – along with prominent crypto investors Coinbase. Ventures, Winklevoss Capital, Blockchange, Sybil Capital, Pantera, PolyChain and Digital Currency Group.

About AscendEX

AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a full range of products including a place, fieldas well as futures trading, wallet services and rate supporting over 150 blockchain projects such as bitcoin, ether and ripple. Launched in 2018, AscendEX serves over 1 million retail and institutional clients worldwide with a highly liquid trading platform and secure storage solutions.

AscendEX has emerged as the leading ROI platform in its “Initial Trade Offers”, supporting some of the most innovative projects in the industry from the DeFi ecosystem, such as Thorchain, xDai Stake and Serum. AscendEX users get exclusive access to the token distribution and the ability to purchase tokens at the earliest stage.

To learn more about how AscendEX leverages the best practices of both Wall Street and the cryptocurrency ecosystem to provide its users with the best altcoins, visit

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Disclaimer: This is a paid post and should not be considered news / advice.

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