3 - 4 minute read
BitClout 2.0, the long-awaited sequel to the 2021 viral sensation that rocked the crypto world, has been announced. The announcement was made on the Deso app Diamond by the infamous @Diamondhands. BitClout 2.0 is expected to launch with numerous new features, turning reputation into an asset class on par with NFTs.
BitClout 2.0 will introduce Creator Coins version two, a reimagined version of the original trading product that attracted thousands of celebrities and influencers to the platform. Creator Coins are a new type of asset class that tracks the reputation of an individual, rather than a company or commodity. This means that if an individual’s reputation improves or worsens, it will affect the price of their Creator Coin.
BitClout 2.0 will be built on the DeSo blockchain, which is the only blockchain capable of supporting the storage and indexing requirements needed for a decentralized social platform like BitClout 2.0. BitClout 2.0 will also be tradeable on DeSo DEX, the world’s fastest on-chain order book exchange.
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 compensates the most active creators on the platform.
According to the BitClout 2.0 whitepaper, “DeSo is the only blockchain that can support the storage and indexing requirements needed for a decentralized social platform like BitClout 2.0.” This highlights the importance of the DeSo blockchain in the success of BitClout 2.0.
Creator Coins version two are fully backward compatible with version one, allowing users to transfer over seamlessly. 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 compensates the most active creators on the platform.
The original BitClout went viral in March 2021 and introduced the concept of Creator Coins, which attracted thousands of celebrities and influencers to the platform.
The Next Great Decentralized Social Application
With the launch of BitClout 2.0, the true power and capabilities of the DeSo blockchain will be on full display for the world to see. BitClout 2.0 is just the first example of what can be built on DeSo post proof-of-stake.BitClout 2.0 is the highly-anticipated sequel to the viral sensation that rocked the crypto world in 2021. The launch of BitClout 2.0 is expected to have an impact on the price of Creator Coins, and traders should be prepared for potential opportunities and risks. The launch of BitClout 2.0 highlights the importance of the DeSo blockchain in the success of decentralized social platforms.
