How To Make Money on Bitclout

Chibuzor H. Mordi
5 min readApr 5, 2022
How To Make Money on Bitclout

A Gold Rush is on the horizon, and it is no longer gold, it’s clout. There has been massive evangelism to transform the financial industry using Defi, but currently, Bitclout has opened the doors to transform the social media ecosystem. Bitclout is an open-source social media network that runs on a blockchain.

It is the New York Stock Exchange for Personal Brands in a nutshell. To know how to use and make money from Bitclout, you’ll need to read this article to the end. This article enables you to make sense of the platform and start to earn money on it.

Making Money on Bitclout

As stated earlier, Bitclout is the stock market for personal brands. But what we trade here is not the stocks of companies, we trade people’s online reputations. This is done in the form of coins. Coins are like shares in the stock market. They are the monetary value of a profile. When you buy a person’s coin, you own shares of that profile.

Due to the forces of demand and supply which is ‘the activity of that brand’, the coin either increases in value or decreases in value. These forces are primarily based on that person’s actions on the platform or clout — hence the name Bitclout. There are various ways in which a person makes money on Bitclout. The way to make money include:

1. Consuming Content on the Platform.

This is a very simple way to make money on Bitclout even without investing. You can bet on the authority of your favorite influencers and buy their coins. If their coins increase in value, you make money. Recently Elon Musk has the most expensive coin valued at $70,000. The reason is that Elon Musk has a lot of popularity and virality on social media — Twitter, to be precise.

As that activity increases and more people buy the coin of Elon Musk, the price of the coin increases. Just like the stock market, every holder of that same coin benefits from the price increase. And as the account owner has the major share of the coin, he earns a lot of money from that activity.

2. Creating Content on the Platform

This works similar to the first paragraph. As your coin increases based on your online reputation and activity on Bitclout, you get paid. Hence you can add more value to your coin by giving incentives to the top shareholders. If you grow your reputation on the platform, this increases the value of your coin and hence the price tag attached to your brand.

Another thing you should take note of in your profile is called ‘Founders Reward.’ A percentage designates this. It means that for every coin purchase, that percentage goes to you — the account holder. If your Founder’s Reward is 25%, it means that 25% of that purchase goes to you for every purchase of your coin. It makes your account sort of like a company where people can invest to back your activity, and you can make money off their investment.

3. Giving

The User Interface of Bitclout is similar to that of Twitter hence most of the actions you do on Twitter, you can do on Bitclout. In Bitclout, a post is referred to as clout. Hence you can like, comment, repost, or GIVE. This method of giving is using a Diamond. When you give a diamond to post, you send the person who posted it money between $0.01 to $500.

The maximum amount always varies, but the minimum amount is $0.01. You can give from $0.01, $0.05, and $0.5 and go all the way up to the maximum, which is $500. You can choose any amount of diamonds to give to clout as the default is $0.01. If you just click to give a diamond to clout, it automatically sends $0.01 to the person who posted it.

This is a great way for people to incentivize the activity they like and show genuine appreciation to the person who posted something they like.

4. Investing or Trading

There are a lot of people signing up on Bitclout solely for investing in other people’s profiles. Their coin value is super low whenever a person signs up on Bitclout. Just like the stock market, this is the best time for an investor to get a chunk of their coin. The backbone of all investments is to buy low and hold till the value appreciates.

In the same vein, the investor buys the coin at a low price and holds it as the value increases. You can do this too. The key is to find newbie profiles with low coin prices that you think have the potential to grow. You should scan the platform for new profiles manually, and join Telegram or Discord channels that will notify you of any new profiles, such as BitClout Signals.

You should also spread your risk and invest across many profiles. This helps you minimize the risk and increases your exposure to potential gainers. If you find it a hassle investing in creator profiles, you can also invest in exciting projects. Regardless of all these strategies, you can still buy the asset that powers the Bitclout platform — $Deso.

This is the currency used to buy and sell coins on Bitclout. It can be transferred to other cryptocurrencies and even fiat money. You can also start a podcast that talks about BitClout. This brands you as an authority in the space and makes money from affiliates or through your coins.

You can also create a Bitclout exchange that allows you and others to cash out your money. You can also offer marketing services for influencers on BitClout and help them grow their coins. This will help you make a percentage of their profits.

Conclusion

Even if you’re a creator, influencer, developer, or social media to pass the time, you can comfortably earn on Bitclout. Bitclout is changing the dynamic of social media and giving ways for creators and fans to have a mutually beneficial relationship. As with all fantastic projects, you need to be in Bitclout for the long term.

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Chibuzor H. Mordi

Chibuzor is a business consultant with expertise in operations management, and interest in IT and blockchain. Driving success through strategic insights.