April 26, 2023 – Los Angeles, California
Today, an exciting announcement was made on the DeSo app Diamond that BitClout 2.0 the highly-anticipated follow-up to 2021’s viral sensation that took the crypto world by storm has been revealed by the infamous @diamondhands.
BitClout 2.0 aims to build upon the success of the original by introducing several new products and features, effectively turning reputation into an asset class on par with what NFTs are today.
BitClout 2.0 is expected to launch with a sophisticated airdrop after the DeSo blockchain’s transition to its new Revolution proof-of-stake consensus mechanism is complete.
The whitepaper for BitClout 2.0 can be accessed here, and the password can be obtained by sending a DM to @bitclout on any DeSo app like Diamond or DeSo Chat Protocol.
Bootstrapping a stock market for people
One of the most groundbreaking new products BitClout 2.0 introduces is Creator Coins version two a reimagined version of the original trading product that sparked thousands of celebrities and influencers to join the platform.
Creator Coins are a new type of asset class introduced by BitClout 1.0 that are tied to the reputation of an individual rather than to a company or commodity, and Creator Coins allow creators, celebrities, influencers and everyday users to monetize their work in ways never before possible in Web 2.0.
Since Creator Coins track the reputation of an individual, if Elon Musk successfully lands the first person on Mars or alternatively go bankrupt, it will affect the price of his Creator Coin.
Creator Coins version two are fully backward compatible with version one, allowing users to transfer over seamlessly, and will be tradeable on DeSo DEX, the world’s fastest on-chain order book exchange (showcased by Openfund).
Trading activity on BitClout 2.0 will be incentivized with a new BITCLOUT token, allowing people to accrue fees through Creator Coin version two trading activity.
BitClout 2.0 will reward early adopters through a sophisticated and viral airdrop scheme that takes inspiration from both BitClout 1.0 and from NFT marketplace Blur.
BitClout 2.0’s airdrop mechanics will not only drive trading liquidity but also ‘content liquidity’ by compensating the most active creators on the platform.
Creators who post regularly and engage the community will also earn BITCLOUT tokens through airdrops, adding an innovative new incentive structure for creators never seen on other…
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