Quote from: nyantheory on March 24, 2018, 05:11:11 AM

Quote from: rubrex on March 24, 2018, 02:04:59 AM

How does this platform different from other social media platforms?

The idea is basically to give ICOs and other crypto projects a place to talk about crypto, advertise it, and create content since Twitter/Facebook/Google are banning crypto ads and hiding/flagging social posts related to it.

They had an ICO, but they didn't hit their cap and maybe made a couple million which is only like a years budget in a very modest business then tried to launch it anyway. They paid like 200k for a HitBTC listing and however much they spent going to summits and buying booths with all of the convention shit and probably paid their own salaries after it ended as well. They also had quite a bit of internal drama with how the funds were managed recklessly like this (there are way more reputable and cheaper exchanges with more humans to list on than HitBTC) and rightfully so, so the CEO (Sean Kirtz) left but that's basically what this is now.

Tokens are very cheap now. They're struggling a bit with development and community. This would be a perfect project for a backend dev with ipfs knowledge to get a hold of because of the extra ICO tokens and cheap price. Most of these guys are just butt hurt because they paid $1 per coin in a failed ICO that costs a cent now on the market because 150k tokens got distributed in bounties before listing day, plus hitbtc bots and there is not much for a community.

i think the team has more to be blamed for, first is before paying so much money on listing in an exchange that rarely gives good volume of trading, it should have been a community decision, make a pool on what exchange to list on, alot of members on telegram clearly stated their dislike for hitbtc but the team still went ahead anyways with such high amount for listing.

Any investor bitching about price and the state of Clout now can not entirely be blamed, nobody wants to see their investment down the toilet especially when there isn't much activities on ground to give project the solid backing it deserve. Lack of dedication to the true course will surely result to great lose, now investors will pay the price. Too many question mark?