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RE: CLOUT Bitcoin Talk Announcement! + PRE-ICO info!
Odd ICO with no decentralization, all tokens are issued by clout and they already have 100m tokens and 1b CLC tokens, no mineability, they handle the transactions themselves, so there is no scalability, at least no decentralized scalability. Your computers won't be able to support their chain, all they claim is they work on the ethereum network.
I appreciate your concern @djgodsick! There are some key points you may have missed though.
Execs receive their tokens over the course of 20 months after the ICO at a rate of 5% per month. 100m and 100b, those are what we have forever, no more are ever being made. It will take CLC 60+ years to max out in the supply.
For the price we plan on being a very high priced coin like 200-300 bucks if we mature the correct way. There is a finite amount but the price will stabilize as the market stabilizes with us and the impact we have on it. There's only "So much" good quality information out there.
Last but not least, my favorite part. (Favorite addition)
20 million Clout tokens (20%) will be used to invest in other block-chain projects over time including ICO’s and/or cryptocurrencies. These investments decisions will be made based on the highest rated opportunities by the upvoting of the Clout platform members. These tokens will be used to directly invest in the success of these projects, and Clout will hold these cryptocurrencies and assets in a secure but also transparent fund (Cold Storage). The Clout team will take profits from these positions over time as the project succeed and spend these profits to continuously repurchase Clout tokens from the open markets to maintain the 20% Clout token holding for the investment fund. As this fund grows to accomplish specific milestones, a portion of these profits may be rewarded to Clout token holders in Ether to bring increased value to Clout token holders and/or used for other promotional efforts for the Clout Platform.
Thank you for your feedback! :) (Remember, this is a sneak peek! Get in now!)
"Greenbuff" ref code for 10% Bonus CLOUT purchased in PRE-ICO.