Clout.art Sets a Launchpool Fundraising Record
Armed with little more than an idea only a few months ago, Clout.art just set a Launchpool fundraising record of $8.4m for their allocation mining event (AME). With only $250k available, our original target was exceeded by a factor of 30. So what’s this all about? Read on to learn more!
What is Launchpool?
Established just under a year ago, Launchpool is already a buzzword on everyone’s lips. And it takes only a little digging to see why.
According to Launchpool founder, Richard Simpson, the existing model for investing in blockchain projects is “fractured” and ripe for optimization.
Taking an egalitarian approach to crypto investing, Launchpool instead focuses on harnessing the strengths of all crypto stakeholder groups.
They do this by creating an environment where all parts of the crypto community, including funds, communities, marketers, experts, etc. are considered equally important.
And this is where it gets even more interesting.
By aligning their incentives properly, the sum of all the stakeholders’ efforts becomes greater than its constituent parts. This and their fair and transparent approach were the reasons why we chose to run our AME through Launchpool.
The Clout.art idea
So, we decided to see what the Launchpool crypto community thought about our idea. As our regular readers will already know, what we want to achieve is simple. And noble too, might we add! However, those new to us might not be aware.
We want to help all creators monetize their social media content. That’s it, pure and simple.
Take Instagram, for example. Right now, millions of us are sitting on endless amounts of content stuck on our timelines. How valuable is that to you, your family and friends? What about your followers and fans?
Now there’s a way to find out, and more besides!
Led by the awe-inspiring Jure Zih, Clout.art’s crack team of cyber punks, industry OGs, coders, marketers and misfits are leveraging the power of NFTs to help you extract that value!
Put simply, Clout.art can now help creators breathe new life into their long-forgotten posts. We do this by turning them into NFTs and making them available on an open marketplace.
Our plan for scaling up is simple and effective too.
We will work with existing platforms and become the go-to monetization layer that sits on top of them. So, Instagram, TikTok, YouTube, Twitter, you name it — all social media platforms will be covered — users monetizing their content through us.
But, what would the wider crypto world think about this? Launchpool would help us get a clearer picture.
Would we sink or swim? We were about to find out …
What happened next?
After six painstaking months of build-up, yes, we admit it. Everyone in the Clout.art community was on tenterhooks for the AME for Clout.art’s SWAY tokens!
Deposits were scheduled to open on block no 10873491, estimated to arrive some time in the morning UTC on Monday, September 13th. Block heights were also set for the opening and ending of allocation mining, as well as the closure of the payment window.
The allocation size was set for $250k, the token price locked in at $0.045 and a marketcap on listing of $238,000.
We were off at the races!
https://twitter.com/LaunchPoolXYZ/status/1439898697526136832
Realization dawns
Launchpool activity for Clout.art scaled up steadily throughout the day, and we became increasingly busy with community questions on our forums.
It was clear that a lot would be at stake, and of course we hoped in more ways than one!
To our happy surprise, early reports were very encouraging. Our hopes were being realised. The numbers coming in rapidly surpassed all our expectations.
https://twitter.com/LaunchPoolXYZ/status/1438152154947194880
It was great to see. Although social media users are clearly interested in monetizing their content, it had always been difficult to accurately quantify how the crypto community felt about the Clout.art concept.
However, with 4 days left until the payment window was set to close, there was no longer room for any doubt.
It was clear that the Clout.art AME would raise a record $LPOOL amount.
Clout.art on Cloud 9
After concluding on September 19th, the numbers were finally confirmed. Clout.art had raised the highest amount ever in total value locked (TVL) and staked on Launchpool: an astonishing $8.4 million allocated in their signature AME.
This was exactly the kind of confirmation we were hoping to get from the crypto community! As you would expect, everyone in the Clout.art community has been on cloud nine ever since!
Invigorated and primed, we feel like we are on the cusp of something huge! Every day more people are realising that the world is witnessing the early stages of a gigantic unlock of digital value.
The technology is here. And where better to continue than the value locked in social media?
Clout.art IEO/IDO
As you would expect, attracting interest at 30 times the ask for our Launchpool AME now gives us a much better understanding of the market’s interest in Clout.art.
The awareness raised also bodes well for our upcoming IEO/IDO. Currently scheduled for October, more details on exact timings will come. Please stay tuned for more details!
We’ll sign off for now, but just before we go — thank you to everyone who took part in the Clout.art Launchpool AME and showed belief in our idea to help creators monetize their content.
We rocked it, didn’t we? :)
And for those reading who may be new to us at Clout.art, don’t worry — you’re just in time!
Please take a moment now to leaf through our white paper and then join our lovely community to discuss any questions you may have, or get whitelisted HERE.
About Clout.art
Clout.art powers the creator economy of the future by turning the most valuable content, such as your most successful Instagram posts, into unique NFTs. As a microservice, a marketplace, and a staking platform, Clout.art is where creators and fans come together to create, grow or exchange social capital through the $SWAY token.
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