SocialFi New Species: How Does a 15-Year-Old Dropout Genius Use Clout to Rebuild the Internet Celebrity Economy?

Author: Luke, Mars Finance

The long silent SocialFi track has once again stirred up waves, with an application called Clout rewriting the rules of ‘monetizing influence’.

Just today, this platform that allows users to issue personal tokens officially went online, and its first token $PASTERNAK skyrocketed to a market value of 80 million US dollars within 5 hours (Note: At the time of writing, the market value of PASTERNAK is temporarily reported as 38 million US dollars. Meme token prices fluctuate greatly, and the content shared in this article is for learning and research purposes only, not as investment advice.), instantly becoming the focus of the crypto market. Delving into the operator behind it, Ben Pasternak is not an unknown figure. This 15-year-old dropout who developed a popular social app and a 25-year-old continuous entrepreneur selected for Forbes’ 30 Under 30 is trying to inject the genes of encryption into the internet celebrity economy through Clout.

It is worth noting that this experiment coincides with the golden window period of the celebrity token frenzy. Starting from the series of tokens of the Trump family, social media influence is being quantified into tradable digital assets. What makes Clout special is that it simplifies the complex coin issuance process to be as simple as creating a social account: binding social media authentication, credit card payment support, and automatic allocation of internal and external trading mechanisms - this set of ‘Web2 internet celebrity-friendly’ design may be bringing a massive influx of fresh blood to the crypto industry.