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.
CLOUT VideoTHE DETAILED VERSIONCLOUT is a blockchain database that promotes the cryptocurrency community’s growth and
commitment to providing users with quality information in this massively growing space. The
platform combines a social media concept with roots in users generating their own content to share
with the added functionality of monetizing the online content market, specifically related to
cryptocurrency.
CLOUT is the first of its kind in the new and rapidly growing world of crypto. Currently, there is no
other reputable tool to bring users quality information. For the first time, each and every member of a
user generated content community will be financially incentivized to consistently monitor the
platform for quality content. CLOUT will be the authority on monetizing online content and
providing crypto investors with a home for all news and media crypto related.
CLOUT monetizes online content for users, incentivizing quality content. Using CLOUT’s daughter
token CLC, we reward users who provide valuable content contributions. Through this model, the
CLOUT network will eventually be the standard for media and information.
CLCCLC is generated by holding CLOUT tokens in your wallet. All CLOUT tokens purchased during the ICO will receive FREE accompanying CLC on a 1:1 ratio. Following the initial disbursement to ICO participants, CLC will generate on a staggered release schedule. For 1 year following the ICO, 1 CLOUT token will generate 1 CLC per year. The following year, 1 CLOUT token will generate 1 CLC every 2 years. This will continue systematically until 1 billion total CLC are generated. CLC becomes more scarce and more valuable over each passing year
CLOUT SECURITY 1. ERC-223 TokenThe CLOUT ecosystem is based on an open source cryptographic ERC-223 token named CLOUT
(CLOUT Token). CLOUT is fractionally divisible, transferable and fungible.
2. Homomorphic EncryptionHomomorphic encryption is a form of encryption that allows computations to be carried out on cipher
text, thus generating an encrypted result which, when decrypted, matches the results of operations
performed on the plaintext. This is a desirable feature in modern communication system
architectures.
CLOUT TOKEN DISTRIBUTION METHODCLOUT’s
100 million tokens are allocated to three categories:
1. 1st Allocation- 10 million tokens (crowdfunding)3 million tokens (3%) will be distributed during the Pre-ICO at $1/ CLOUT
4 million tokens (4%) will be distributed during Phase 1 ICO at $2.50/ CLOUT
2 million tokens (2%) will be distributed during Phase 2 ICO at $5/ CLOUT
1 million tokens (1%) will be distributed during Phase 3 ICO at $10/ CLOUT
2. 2nd Allocation- 70 million tokens10 million tokens (10%) will be used to motivate the CLOUT developers and executives over
time.
10 million tokens (10%) will be vaulted in cold storage
50 million tokens (50%) will be distributed to the CLOUT network.
A. 10 million tokens will be used to motivate developers and pay bounties used to develop
the CLOUT network.
B. 20 million tokens will be used to cross-invest in other block-chain projects, owned by
CLOUT execs and only used for CLOUT projects.
C. 10 million tokens will be retained in order to reinvest into the ICOs promoted on the
CLOUT network.
D. 10 million tokens will be held on “standby” which are ready to be released into the market
immediately to protect the users and the network from hacks and phishing attempts.
3. Third Allocation- 20 million tokens10 million tokens (10%) locked in cold storage only to be released via smart contract
2 million tokens (10%) to be released every 1 year over the next 5 years, based on certain
milestones in the CLOUT roadmap being achieved.
CLOUT PLATFORM DEVELOPMENTThe CLOUT Network is more than just an idea. We have already begun developing the CLOUT
platform. We are focused on creating a revolutionary platform with maximum functionality for the
user our top priority. CLOUT functions differently from other blockchain networks by its design.
The coding reflects these difficult and intricate advancements within the system.
The CLOUT Network will run the following programming languages:
Angular 2
Python
PosgreSQL
Ethereum Smart ContractsOur vision for utilizing the blockchain with CLOUT is revolutionary. In terms of storage, the
CLOUT Network is going to use decentralized distributed storages such as IPFS and FileCoin.
CLOUT developers will incorporate distributed application execution and are monitoring many major
distributed computation platforms such as the Golem Network. CLOUT plans on hosting major parts
of the system on such platforms once they are in the production-ready phase of development.
CLOUT smart contracts functionality will reset the standard. Being able to release tokens at a
decaying rate over time is a new advancement in smart contracts that allows CLOUT to help protect
users. Investors no longer will lose contributions immediately after an ICO following a massive selloff
of tokens at one time.
CLOUT smart contracts developed using:
Solidity v.0.4.13
JavaScript Truffle + Mocha (for automated tests)
ROADMAP
FUNDING BREAKDOWNThe CLOUT projects expected the use of proceeds from the crowd sale, assuming
$33M USD is
raised.
• 40% Growing CLOUT brand
• 30% Research and Development
• 15% Employee Salaries
• 10% Misc.
• 5% LegalMarketing: Our marketing efforts include enhancing cooperation with potential new members and
operators to allow as many to join the platform as possible. Additionally, we plan to focus our efforts
on marketing CLOUT to broad audiences with traditional social media platforms.
R&D: The CLOUT network will be on the cutting edge of today’s technological advancements.
Funding to develop the platform as well as the CLOUT token and CLC daughter token and all of their
many vast functionalities.
Employees: Developing the CLOUT platform involves considerable time and energy. This component
includes all of the members of the CLOUT team salaries including the developers of the tokens,
platform and open source app.
Miscellaneous: For unexpected financial situations, or if any other category’s total cost was
underestimated.
Legal: To retain legal counsel for the CLOUT network.
*The expected breakdown above may be altered as the project progresses*
How to invest in CLOUT?CLOUT is having its ICO soon! The first Phase starts on October 27th, but there’s a Pre-ICO for the early birds and accredited investors. Check out the ICO section for all of the details!
After the ICO, CLOUT coins will be listed for sale on exchanges and CLC tokens will be listed in the near future
Connect with the CLOUT team on Slack, Twitter, Facebook, Youtube, Telegram, and a host of other social media platforms for the latest news leading up to the ICO!
TEAM MEMBERSSean Kirtz - FOUNDER
Dean James- CO-FOUNDER/COO
Simon Josef - CO-FOUNDER/DESIGN LEAD
ADVISORSRyan Fugger (Concept Originator Ripple) - CHIEF ADVISOR
LINKSWebsite -
Visit us HERE!Slack -
Join us on SLACK!Medium -
Follow us on MEDIUM!Telegram -
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Follow us on TWITTER!Facebook -
Join us on FACEBOOK! quote for images. i'm glad to reserving indonesian translation for this thread.