SocialFi new species: How does a 15-year-old dropout genius use Clout to reshape the internet celebrity economy?

Author: Luke, Mars Finance

The long-dormant SocialFi track is making waves again, as an application called Clout is rewriting the rules of 'monetizing influence'.

Today, the platform that allows users to issue personal tokens officially launched, and its first token $PASTERNAK skyrocketed to a market value of over $80 million within 5 hours, instantly becoming the focus of the cryptocurrency market. Digging deeper into the manipulator behind the scenes, Ben Pasternak is not an unknown figure. This 15-year-old dropout developed a popular social application and was selected as one of Forbes' 30 Under 30 entrepreneurs at the age of 25. Now, he is attempting to inject the genes of cryptocurrency into the internet celebrity economy through Clout.

It is worth noting that this experiment coincides with the golden window period of celebrity token frenzy. Starting with the Trump family's series of tokens, the social media influence is being quantified into tradable digital assets. What sets Clout apart is that it simplifies the complex issuance process to be as simple as creating a social account: binding social media authentication, credit card payment support, and automatically allocating internal and external trading mechanisms - this set of 'Web2 influencer-friendly' designs may be bringing a massive influx of fresh blood to the cryptocurrency industry.

What is Clout?

The essence of Clout is a bold genetic recombination experiment in the field of SocialFi. It cleverly combines FriendTech's logic of assetization of social capital with Pump.fun's low-threshold coin issuance mechanism, and ultimately incubates a 'Internet celebrity version of Nasdaq'.