CLOUT

Hi friends, in this article I would like to discuss the CLOUT project, because this is a very important medium for you, CLOUT platform is a structured block that supports the growth of the crypto community and promises to provide quality information to users who are expanding in this vast region. This platform incorporates a social media structure interface that uses user-generated content with award awards for community interaction.

What is CLOUT?

The CLOUT Network hosts news and articles on blockchain alongside articles covering crypto investment, as well as detailed and up-to-date analysis of all the upcoming ICO and for the first time in the community.

How is their concept?

The concept is At the same time, the lack of curation put into this content creates an ecosystem where false news and misleading information flourish. Since there is no incentive for high quality content and no consequences for low quality content, this latter could be the most popular choice for the average user .CLOUT aims to solve problems by creating a new social media platform where curation is located. are given incentives and where advertising revenue is shared with content creators, thus spreading the wealth generated through digital content and further advancing the decentralization and power crypto ethos as a whole. User-generated content generates billions of dollars in revenue each year. However, all values created through the monetization of this content never reach the user itself. This is not for some big social media shareholders.

CLOUT's mission and solutions

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 familiar social media concepts. Users can monetize their crypto related content, ensuring that the wealth they generate is not transferred to others. On the other hand, readers are given financial incentives to monitor platforms and to curb content, promote high quality material and derive poorly written, inappropriate or tracing content.

By building CLOUT, we hope to create a hub for fans of cryptocurrency and blockchain, investors, and workers. A place where they can read and study freely without fear of being misled. Although CLOUT focuses on cryptosphere, the nature of open source projects can be exploited for communities and other ecosystems that may want to benefit from technology.

CLOUT Platform

The CLOUT platform leverages blockchain technology to provide a multi-lingual platform where content creators and curators are popularized to post and share high quality content globally. Through the CLOUT Platform, users will be able to create accounts, edit their profiles, search and discover content, interact with CLOUT built-in wallet and start posting and sharing posts.

The CLOUT platform will feature a familiar and intuitive user interface with common characteristics of social media platforms. CLOUT will apply Artificial Intelligence to automatically compose a user view ensuring that each user is always greeted with the most relevant con- tent, in accordance with the previous activity.

The CLOUT platform leverages blockchain technology to provide a multilingual platform where content creators and curators are popularized to post and share high quality content globally. Through the CLOUT Platform, users will be able to create accounts, edit their profiles, search and discover content, interact with CLOUT built-in wallets and start posting and sharing posts. The CLOUT platform will feature a familiar and intuitive user interface with common characteristics of social media platforms. CLOUT will apply Artificial Intelligence to automatically compose a user view ensuring that each user is always welcomed with the most relevant context, in accordance with the previous activity. Users will be able to register or login with their account or via their Facebook, twitter or google account. . Once an account is created, users are free to edit their profile, including profile pictures, descriptions, contacts, and more. The user dashboard will also feature a built-in wallet for the ERC223 CLOUT and CLC tokens.

An important part of the CLOUT ecosystem, the CLC token acts as an incenive layer for content creators and creators. By holding CLOUT tokens, users will be able to receive CLC in an annual batch. The CLC mark acts as fuel for the platform and is required to create, rate, like or share content within CLOUT. If a member's posts or comments are rated accurately or liked by the public, the percentage of the collected CLC will be paid back to the original poster.

How does CLOUT work?

Clout network is built with two original tokens, CLOUT tokens (ERC223) and that is a CLC child token. Subsequently, members will be given an odd number of CLCs for their interaction with a comparable CLOUT Network.

CLOUT token

There are a total of 100 million CLOUT tokens, which have been generated. 1/10 of the total CLOUT mark will be sold during ICO. CLOUT plans for long life by completing the CLOUT release periodically from.

Tokens and Economic Models

The CLOUT platform has two original tokens:

• CLOUT token (CLOUT symbol)
• CLOUT Currency (short for CLC)

CLOUT and CLC act as utility tokens. Like the concept of Proof of Stake mining, CLC is produced by holding CLOUT. This ensures that those who receive the CLC token have an interest in the CLOUT platform, which directly gives them an incentive to act in their best interests.

The initial number of CLC is equal to the number of CLOUT and will be distributed to the token sales participants at a ratio of 1-1. Only 100 million CLOUT tokens will ever be created. A maximum of 1 billion CLC will be generated throughout the CLOUT Platform.

CLOUT produces the first batch of CLC at a rate of 1-1 per year through a process known as "auto genesis mining". Each subsequent CLC batch will take an additional year to produce. For example, the first batch will be generated one year after ICO closing, the second batch will produce 2 years later, the third batch after the 3rd year, etc. CLOUTs that are transferred to a different address will have the next CLC. credit to the new address.

CLC publishing schedule:

Post ICO (Nov 2017) - 100M

2018 - 100M

2020 - 100M

2023 - 100M

2027 - 100M

2032 - 100M

2038 - 100M

2045 - 100M

2053 - 100M

2062 - 100M

ERC-223 Token Standard

The CLOUT ecosystem is based on the open source cryptography ERC-223 token named CLOUT (CLOUT Token). CLOUT is fractional that can be shared, moveable and functional

The ERC-223 token capability to eliminate "missing token" issues is an important function for the CLOUT token to ensure a safer transfer system. If a participant inadvertently sends ETH from an exchange to an ICO CLOUT deposit address, the ETH sent may be returned rather than eliminated, unlike the ERC-20 token.

The ERC-223 mark uses half the gas required by the ERC-20 token. The decision to improve this functional aspect ultimately benefits and protects our current and future participants.

Allocation of Token

CLOUT’s 100 million token supply is allocated as so:

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 proponents during token sales.

30 million tokens (30%) will be used to motivate developers and pay the bounties used to develop the CLOUT Platform.

25 million tokens (25%) will be allocated to CLOUT Fund and will be used to invest in other blockchain projects from time to time, including ICO and / or cryptocurrencies. This investment decision will be based on the highest-rated opportunity by the up-voting member of the CLOUT platform.

22.5 million tokens (22.5%) will be used to motivate CLOUT developers and overtime executives.

5 million tokens (5%) will be retained by the founders (Released for a period of 20 months)

5 million tokens (5%) will be released every 1 year in the next 5 years, based on certain milestones in the CLOUT roadmap to be achieved.

Token Sale

To fund the development and marketing of the CLOUT platform and to ensure a fair and transparent distribution method, CLOUT hosts token sales. The CLOUT token sales will be divided into two stages, pre-ICO and ICO prime

Pre-ICO • 2.5 million tokens (2.5%) will be distributed during Pre-ICO at $ 1 / CLOUT

Pre-ICO begins on September 27 and ends on November 17 or when 2.5 million token CLOUTs are sold. During Pre-ICO, fiat currency, BTC and ETH are accepted. There is a minimum participation interest of 1 BTC / 10 ETH

ICO

5 million tokens (5%) will be distributed on ICO Stage 1 for $ 2.50 / CLOUT

3 million tokens (3%) will be distributed during ICO Stage 2 of $ 5 / CLOUT

2 million tokens (2%) will be distributed during Phase 3 of ICO for $ 10 / CLOU

ICO will commence on 17 November, following Pre-ICO. ICO will last for 30 days (December 17, 2017) or up to 10 million tokens sold. During ICO, BTC and ETH will be accepted. There is a minimum participation amount of 0.5 ETH.

Pre Sale and ICO will conduct the registration process whereby the identity documentation is collected, verified and married with the address of the wallet, phone number and email provided. 2FA will be prompted to authenticate phone number. The identity document must verify the residential address and the email must be confirmed. * Individuals from "high risk" areas or total participation greater than $ 13,160USD need to provide additional data (sources of wealth, funds etc)

Hard Cap: $ 50 million Individual Cap: $ 1 million

CLOUT token distribution will be done through smart contract. The CLOUT smart contract will be audited by an independent professional company ICOrating (www.icorating.com). The unsold tokens during ICO will be burned.

For more information, you can see it below:

Website: https://clout.io/

Whitepaper: https://www.dropbox.com/s/1a4asxipoo89qyr/WP_new.pdf

Facebok: https://www.facebook.com/clouttoken/

Twitter: https://twitter.com/clout_media

Telegram: https://t.me/cloutnetwork

Medium: https://medium.com/@CLOUT_Official/

Author: dey90

BTT: https://bitcointalk.org/index.php?action=profile;u=731808

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.

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.

22.5 million tokens (22.5%) will be used to motivate the CLOUT developers

and executives overtime.

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.