Hi everyone again. David, Tatera here to share some more BitClout knowledge with you guys. Hope you enjoyed the last video. We did a little bit to help with some crypto scam problems.

Today we're going to talk about one of the stars of this this week in Bitclout. If you're not familiar with this profile it's called WithdrawBitClout.

Withdraw BitClout The Exchange That Pays You

These guys, in a matter of just a couple of days, we're able to put together a trading platform that lets you get your money in or out of bit clout. It's pretty amazing. From nowhere, they shot up, right now they're sitting in the number eight spot on the charts, but they've been as high as number seven.

I expect them to move up a lot more because they've got a pretty cool business model going on. Every time that they do a transaction, for example, here, I'm going to show you, this is their, their website where you can buy and sell BitClout.

All these people listed are selling BitClout. You can see the price that they've set. You can see the quantity. Obviously they're selling some pretty large quantities of BitClout here. The total US dollars that equals out to. You can can accept the order and make the exchanges.

Exchange BitClout For Etherium

If you were to exchange your bit clout, I think it goes into Ethereum, if I'm not mistaken. You get Etherium out. They charge the seller of the BitClout a 2% fee and then they charge me or whoever else decided to accept that order, also a 2% fee.

So what you end up with is 2% on each end, going through when a BitClout sale happens. But they don't keep both of those. Half of the profits, one of those 2% fees, basically goes out to everybody who owns coins in WithdrawBitClout. I pulled up a quick spreadsheet that I made to kind of get an idea of the math, just so you can see what's going on.

Withdraw BitClout Shares Their

If you take a look at this one here, let me see if I can zoom this one in a little dude. Here we go. If you take a look at this quick math that I put together here, let's just estimate for easy numbers.

Let's say they did a million dollars in transactions. Obviously. I don't think they've done close to that. We'll talk about what they've done here in just a moment, but if they had a million dollars in transactions, you would see a $20,000 fee that the WithdrawalBitClout team would keep. And then $20,000, that would be their shared fee. That would be the half that they share out with everybody holding their creator coins.

The way that shared fee works is 90% of it is split out based upon what percentage of their creator coins you're holding. So if you're a big holder with, say 10 coins worth, you're going to get a larger portion of their profits.

Own .001 Creator Coins To Be A Part Of The Payout

To keep the small coin holders interested, they take the remaining 10% of those profits and split it up evenly between everybody who holds at least 0.001 coins. 0.001 coins is not a lot of money. Yesterday, when I looked it ended up being about $30 that you needed to have in these guys to qualify at that level.

That's roughly where I was. When this hit yesterday, I had 0.0013 coins. Just a little bit over that, cause I wanted to be a part of this. I wanted to see what happened and get a feel for it.

If you look at the math on our example of a million dollars in transactions, that leaves you with $18,000 going to go to people based on what percentage of the coins they hold. And $2,000 gonna go to everybody else who has at least 0.001. At the moment, when the transactions went through yesterday, they had 200.7939 coins in circulation.

It wasn't a perfect number, but I made a pretty good estimate of the number of people with 0.001 or greater coins. That ended up being about 380 people who were going to qualify. So that means 380 of us would be splitting up this $2,000 evenly. And then based upon the number of coins you own splitting up that other $18,000 evenly.

I Get A Dividend Every Single Day Just For Owning This Coin

With me holding 0.0013 coins, that meant that I held 0.000006 of their creator coins. That equals 0.0006%, you know, a tiny fraction of their creator coins. But if you do the math and you take my portion of the 2000 and my tiny fraction of the 18,000, if they were to do a million dollars in transactions, my dividend would be $5.37 cents.

That's pretty cool. Because what happens is, I'll show you my BitClout from yesterday. What happens is, every single day, I don't know how they've automated this, but some smart guys have automated this and you get a little notification that pops up here. Right here, you can see this, it says, WithdrawBitClout sent you BitClout.

Yes, it's not creator coins, it's not anything else. Literally, every single day, these guys are going to send you a small amount of bit clout right into your wallet. Based upon these estimates of a million dollars, I'd be getting $5 and 38 cents in BitClout every single day. I have $30 in these guys right now. If I got $5 and 38 cents every day, that'd be amazing. But I didn't. What I ended up getting yesterday was about 24 cents, which was still really, really cool to me.

I Estimated $45,000 In Transactions Today

I put 80 or a 100 bucks into BitClout when it first started. Just, you know, to play and explore the platform, I've grown it, but if I'm getting a quarter a day, that adds up to eight bucks, nine bucks a month in free BitClout. That's pretty cool to me. The way that I estimated that when I put this together, was just to try different numbers.

Once I had this spreadsheet and I found that if I ran about $45,000 in Bitcoin transactions, that gave me a dividend of about 24 cents. So that's where I estimated it based on this. I estimate that WithdrawBitClout did $45,000 roughly in transactions yesterday. Which is really neat for a first day and for still being in beta.

Being a brand new or actually two day old platform, that's kind of cool to do $45,000 in transactions. I get 25 cents back. Since then I've actually doubled my holdings in WithdrawBitClout. I want to see what happens, how it affects my dividend today when my dividend comes out. I expect that probably around midnight, that's what they did yesterday was around midnight everybody got their dividends.

I Got My Dividends On Time Every Day

So I'm just kind of sitting back and taking it in and enjoying this for now. Oh, the warning , they're not a verified profile. UI've seen some people claiming that they thought they were scammy, that they were whatever, I can tell you from my personal experience, my coin double value doubled yesterday, and I got my dividend.

I can't speak for what anybody else is having happened or how theirs is working. But these guys in Australia, they have an actual legitimate phone number up on here. They are doing things in a really cool business model by sharing it. If you think about it, I am one of the top 400 investors in a company that is three days old and has a market cap of $4 million right now. That's pretty neat.

BitClout lets you get in on these early, early ones in a way that's different from anybody else. So if you're out there and you're looking at WithdrawBitClout and you're wondering about it. Please tell me if you've done a transaction? A friend of mine and I are going to try and do one just to test it out. To test out the platform and see how it does. We'll do another video and show you guys what it's all about.

A Coin That Pays You Is Nice To Have In Your Wallet

But I highly recommend everybody go and grab 0.001 WithdrawBitcloutCoin. Even though it's going to dilute my share, personally I'm going to get a smaller amount of BitClout in each payout. We're all here to share this and pay it forward to each other, so go grab it. Put in there 30 or 50 bucks. Whatever you have to get to get 0.001 right now. And wait and see at the end of the day, when you suddenly have a little bit of coin deposited right there in your BitClout account. It's a pretty neat business model starting up.

I think these guys are on the rise and I think they're going to go up pretty high on the list in a short period of time. Hope you enjoyed this. Let me know if you have any questions in the comments.

Hope you enjoyed it and much Aloha