Clout Tokken Aims To Create Decentralized Cloud Services For The Masses

An entirely new world of opportunity has resulted from the rise of cryptocurrency and blockchain networks. Multiple new trends in both the “crypto world” and within more traditional sectors are emerging as cryptocurrencies and blockchain networks are becoming more common.

ICOs – Initial Coin Offerings – are one of the latest trends to hit the market. In light of the recent boom in blockchain-powered startups and services, the initial coin offering, or ICO, is now becoming one of the preferred ways of raising capital to support development and expansion.

Companies such as Clout Token seek to raise capital through tokens, which are forms of cryptocurrencies that are issued on a blockchain (the distributed ledger that keeps records of digital transactions). More than two billion dollars have already been invested in ICOs since the first one launched in 2013.

While many ICOs such as Clout Tokken are commonly associated with blockchain-powered startups, it’s interesting to note the “non-blockchain” companies that are announcing ICOs in an attempt to break down technological barriers.

Heres some information about Clout Tokken: Clout is built on the Ethereum network and powered by 2 native ERC223 tokens: CLOUT coin (CLOUT) and Clout Currency (CLC) CLC is what powers the network. Members use it when they post content, upvote, and comment on other member’s posts. Everything runs on CLC, it’s inexpensive and keeps the network free from clutter. CLOUT coin is what creates all of the CLC. After the initial disbursement to the ICO participants, CLOUT coin creates CLC on a staggered release schedule until 1B total coins are created. Reaching the 1B CLC limit will take almost 50 years, therefore both tokens become more rare as time passes.

For more info please go to Clouttokken.io