The Concept behind CLOUT
CLOUT aims to become the standard in quality for everything crypto - news, media, and investment. It is an online based integrated software that gives cryptocurrency investors a home.
User-generated content drives billions of dollars’ worth of revenue every year. However, all the value created through the monetization of this content never reaches the user themselves. It is instead reserved for a few shareholders of the large social media outlets.At the same time, the lack of curation that is put into this content creates an ecosystem where fake news and misleading information thrive. Since there are no incentives for high-quality content and no consequences for low-quality content, the latter can end up being the most popular choice for average users.
CLOUT aims to solve the issues by creating a new social-media platform where curation is incentivized and where advertising revenue is shared with the content creators, thus spreading the wealth that is generated through digital content and further advancing the overall ethos of decen-tralization and cryptocurrencies.
The CLOUT solution & mission
CLOUT is a blockchain-based platform for the cryptocurrency community. A place where all sorts of information about the space can be accessed and shared. CLOUT leverages blockchain technology as an incentive layer for both users and readers, rewarding them for acting in the platform’s best interests.
CLOUT provides users with an intuitive interface based on the familiar social media concept. Users can monetize their crypto-related content, ensuring that the wealth they generate is not diverted to any other individual. On the other hand, readers are financially incentivized to monitor the platform and to curate content, promoting high-quality material and demoting poorly written, inaccurate or plagiarized content. By building CLOUT, we hope to create a hub for cryptocurrency and blockchain enthusiasts, investors, and workers. A place where they can read and learn freely without fear of being misled. Although CLOUT is focusing on the cryptosphere, the open source nature of the project can be leveraged for other communities and ecosystems that may want to benefit from the technology.
At CLOUT we are focused on providing a functional and intuitive platform for the crypto world to call home. This will not only be a place where you can find all the news related to blockchain technology and cryptocurrency, but a place to collaborate and share ideas, thoughts and promote innovation. We are working tirelessly on providing this platform as soon as possible. We give you, the community, our commitment to do all we can and use our best endeavors to deliver the platform and features described in this whitepaper within the stipulated time-period. Our first major milestone will be the 2nd phase release in December 2017. This is when we incorporate: CLC Upvotes, CLC Trackers, Web Scraping Bots (WSB) & V.1 AI Automation. We thank you for your support and look forward to seeing you on the CLOUT platform.
– Sean Kirtz & Frank Lucido
About the Digital Advertising Market and what Clout offers
Today, online media and mobile content are the leaders of the publish-ing industry. Offline content generated in a centralized manner (i.e. print) does not see a high rate of social publishing nor does it create a significant revenue stream for the creator or the sharer of said content.
According to research performed by eMarketer, the global internet advertising expenditure totaled $178.5 billion in 2016 and it is expected to grow to around $250 billion in the next two years. CLOUT expects not only to tap into the growing digital advertising market, but also to trans-form it. By allowing anyone to be part of the business, monopolies in the industry can be torn down, allowing it to become more efficient and transparent.
Users will be rewarded for creating and curating the highest quality and most relevant content. Creators and investors in noteworthy projects will now have a tool to maximize their influence (or clout) in the crypto space, maximizing their value.
Clout Ecosystem
Token Allocation
CLOUT’s 100 million token supply is allocated as so:
- 2.5 million tokens distributed to project early adopters during pre-ICO sale
- 10 million tokens (10%) will be distributed to project supporters during the token sale.
- 30 million tokens (30%) will be used to motivate developers and pay bounties used to develop the CLOUT Platform.
- 25 million tokens (25%) will be allocated to the CLOUT Fund and will be used to invest in other blockchain projects over time, including ICOs and/or cryptocurrencies. These investment decisions will be based on the highest rated opportunities by the “up-voting” of the CLOUT platform members.
- 22.5 million tokens (22.5%) will be used to motivate the CLOUT developers and executives overtime.
- 5 million tokens (5%) will be retained by the founders (To be released during a 20-month period)
- 5 million tokens (5%) to be released every 1 year over the next 5 years, based on certain milestones in the CLOUT roadmap being achieved.
Token Sale
To fund the development and marketing of the CLOUT platform and to ensure a fair and transparent distribution method, CLOUT is hosting a token sale. The CLOUT token sale will be divided in two stages, the pre-ICO and the
main ICO.
Pre-ICO
•2.5 million tokens (2.5%) will be distributed during the Pre-ICO at $1/ CLOUT The Pre-ICO started on the 27th of September and will end on the 17th of November or when 2.5 million CLOUT tokens are sold. During the Pre-ICO, fiat currencies, BTC and ETH are accepted. There is a 1 BTC / 10 ETH mini -mum participation requirement.
ICO
•5 million tokens (5%) will be distributed during Phase 1 ICO at $2.50/ CLOUT
•3 million tokens (3%) will be distributed during Phase 2 ICO at $5/ CLOUT
•2 million tokens (2%) will be distributed during Phase 3 ICO at $10/ CLOUT
The ICO will start on the 17th of November, following the Pre-ICO. The ICO will last for 30 days (December 17, 2017) or until the 10 million tokens are sold. During the ICO, BTC and ETH will be accepted. There is a 0.5 ETH minimum participation amount.
Pre Sale and ICO will have a registration process where identity documentation is collected, verified and married to the wallet address, phone number and email provided. 2FA will be required to authenticate phone numbers. Identity documents must verify residential address and email must be confirmed. *Individuals from areas of “high-risk” or participation amounts greater than $13,160USD need to provide additional data (source of wealth, funds etc). Hard Cap: $50 million Individual Cap: $1 million
Distribution of the CLOUT tokens will be done via smart contract. The CLOUT smart contracts will be audited by the independent professional company ICOrating (www.icorating.com). Tokens not sold during the ICO will be burned.
Road Map
Meet the team
Advisory board
For more information please visit the links below
Website: https://clout.io/
Facebook: https://www.facebook.com/clouttoken/
Twitter: https://twitter.com/clout_media
Telegram: https://t.me/cloutnetwork
Whitepaper: https://www.dropbox.com/s/1a4asxipoo89qyr/WP_new.pdf
Btt: https://bitcointalk.org/index.php?topic=2186841.0
Author: Tosin David
BCT Profile: https://bitcointalk.org/index.php?action=profile;u=1180815
ETH Address: 0xccb98e6af2b1dbe621fbac6b48e6e98811fe1243