Clout: Revolutionizing the Cryptocurrency community
The CLOUT network hosts an expansion of news and articles approximately the blockchain further to articles overlaying crypto investments, in addition to an in-depth & modern-day analysis of all upcoming ICOs. For the first time, influential individuals of the community could be acknowledged in CLOUTs segment on the Who’s Whoof crypto.
How does CLOUT work?
Clout network is built with local tokens, the CLOUT token (ERC223) and it is daughter token CLC. Furthermore, participants might be eventually rewarded with CLC for his or her interactions with the CLOUT Network proportional to the type of interaction.
Users can earn their CLC by creating content themselves, or share a quality post created by any other member. CLC is also earned by upvoting quality posts as well as by leaving quality comments on existing posts.
CLC is what differentiates CLOUT from other platforms. It is only at CLOUT where both the content creator and the content sharer are rewarded for their positive contributions. Each & every member of the CLOUT is incentivized to monitor the space for quality.
Clout Tokens
A total of 100 million CLOUT tokens have already been created. One tenth of the total CLOUD Tokens are being sold during the ICO. Clout will periodically release CLOUT tokens every year for the next 5 years. This is designed to enhance the longevity of the project while also ensuring that current token holders can hold onto a profitable asset as time passes.
CLC is not released during an ICO. CLC is generated when you hold CLOUT tokens in your wallet. All CLOUD tokens purchased during the ICO will receive accompanying CLC on a ratio of 1:1. After the initial disbursement to ICO participants, CLC will generate on a staggered release schedule. For the first year after the CLOUT ICO, for example, 1 CLOUT token will generate 1 CLC per year. The next year, 1 CLOUT token will generate 1 CLC every two years. This process will continue until 1 billion total CLC are generated.
CLOUT tokens are designed to create three additional revenue streams for token holders, including the ability to:
Generate CLC systematically, using the process we mentioned above
Earn a proportional share of 2% of total advertising revenue generated by the CLOUT platform
Receive referral CLC when you refer a new user to Clout through the referral program
CLOUT, like any digital token, will also be available to trade on an exchange.
Both CLOUT tokens and CLCs are based on the ERC223 standard (ERC223 is backwards compatible with ERC20 functions and contracts).
Clout Security
CLOUT tokens & CLCs are based on the today’s developments in the cryptographic generation and make use of the modern day upgrades in token protocols within the Ethereum community. Strict adherence to the extra sturdy and secure ERC223 well-known — an improvement on the same old ERC20 protocol — makes CLOUT & CLC early adopters of the drawing close enterprise general, in addition to of the most secure & function rich tokens available on the market.
ERC2233 tokens are backward well matched with all ERC20 functions and contracts, however, have introduced capability, inclusive of the potential to greater efficiently manage token transfers, deal with more varieties of incoming contracts, and innate safety in opposition to sending tokens to a wrong or beside the point deal with. ERC223s tokens are also capable of resisting quantum attacks, in contrast to their ERC20 predecessors. As cryptocurrency and blockchain generation evolve into a greater advanced and widely followed space, the ERC223 token fashionable will become the brand new norm for Ethereum community tokens.
If you want more information, visit
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Medium : https://medium.com/@CLOUT_Official/
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Authored by danny_yell: https://bitcointalk.org/index.php?action=profile;u=1273420