The site has traded over $225 million within a month of its launch and is worth about $1 billion, according to a recent report from New York Magazine.
BitClout is designed to let people bet on the popularity of public figures by buying tokens associated with people s profiles. Users can use BitClout coins to buy a Creator s Coin and watch its value change based on the creator s popularity on the site. The site started with 15,000 creator accounts preloaded from the most popular Twitter profiles.
At the moment, Tesla CEO Elon Musk has the most expensive Creator Coin, coming in at nearly $70,000. The Creator Coins gain or lose value depending on how many people buy coins associated with the profile, as there are between 100 to 1,500 coins in existence for each profile.
How to use BitClout to bet on the popularity of influencers like Elon Musk on the world s first crypto social network msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.