Flipside crypto is a unique platform that enables analysts to query blockchain data for making graphs and sharing them through dashboards. Every crypto project has to continuously go through the process of the right decision-making. However, the right decision-making can be a complicated task, especially in the absence of data insights. Therefore, crypto projects need reliable insights. These reliable insights are generated through Flipside Crypto with the help of the Flipside analyst community. Let’s dive deep and understand Flipside crypto and see how it works!
What is Flipside Crypto and Why Does the Community need Flipside Crypto?
Flipside Crypto is a data platform that enables a large community of blockchain enthusiasts to analyze data and provide insights into the projects and industry. Huge amounts of data sets, charts, and insight regarding different blockchains and projects are always readily available on the Flipside.
Properly informed decision-making is the key to success for any crypto project. As a result, crypto projects have to take the right decision based on credible insights. These credible insights can be gathered mainly through deep analysis of the data sets. Consequently, the crypto projects issue bounties and opportunities for the Flipside crypto community to get the right insights for decision-making. Hence, the crypto community and projects need Flipside crypto.
How does Flipside Work?
Flipside brings together various crypto projects and a community of analysts to generate unique insights. The crypto projects provide a data set and the bounty amount in crypto. Meanwhile, the enthusiasts at Flipside analyze the data and turn it into rare insights to be shared through the dashboard system. Here are the four phases through which Flipside works!
· Discover New Bounties and Projects
The first step in the process is to discover new bounties and projects. Each week, Flipside introduces new questions, answers to which are required by crypto projects. Crypto projects sponsor these bounties. The analysts are asked to analyze the data and create insights to be shared through the data dashboard.
· Solve Bounties and Projects
Once the bounties are in place, the Flipside crypto community starts analyzing the data. However, everyone has to ensure that the questions are solved with the free on-chain data sets. All of the free data sets can be easily accessed after signing up for velocity. Furthermore, in-depth tutorials and guides are also available for beginners.
· Submit Your Findings and Solutions
The third phase is to submit your findings and solutions! It can be done through the form linked on the project page that provides the details of the bounty. However, it is crucial to submit the best solutions that are better than the other solutions. The best way to do it is to analyze the previous winning entries. In this way, you will be able to understand, what you need to do to submit the winning entry.
· Earn Crypto
Finally, the Flipside community is paid! The entries that are submitted on time and fit the criteria of winning are rewarded. The winning entries are usually rewarded in the native cryptocurrency of the projects. Other than the winning bounty, projects usually offer extra rewards to encourage a huge pool of submissions. Hence, even if your entry is not a winning entry, still you can earn crypto from Flipside crypto.
How do the bounties in Flipside Work?
The bounties on the flipside work in three following ways:
· Beginner Bounties
A new analyst starts from beginner bounties after signup. These bounties are usually not very complicated. Still, these bounties are challenging enough for beginners. At this beginner level, analysts can access scavenger hunts along with easy and medium-level questions. In this way, beginner bounties are available to all users without any distinction of experience and ability level.
· Intermediate Bounties
Once any analyst completes three beginner bounties, he becomes eligible to explore intermediate bounties. These bounties consist of hard questions and challenging data sets. Furthermore, these bounties are more difficult than beginner bounties. Therefore, the rewards at this stage are far better than the rewards at beginner bounties. Hence, only the analysts who understand the ecosystem are allowed to participate in intermediate bounties.
· Advanced Bounties
Advanced bounties consist of elite questions that enable analysts to earn huge rewards. However, these advanced bounties are accessible to only the most experienced and talented analysts. Currently, one has to earn more than ten grand prizes to enter into the threshold to earn elite status. Other than the huge rewards, the analysts can earn secret perks too!
What Chains are supported by Flipside Data?
Flipside has data on all of the major chains like Ethereum, Flow, Uniswap V3, Aave, Arbitrum, BSC, Optimism, Avalanche, and Polygon. Furthermore, it also supports chains like Solana, THORChain, Harmony, NEAR, Terra, Mirror, and Anchor.
What Skills are required to work on Flipside?
In general, the basic level of knowledge of SQL is ideal for working on Flipside. However, if you don’t know about SQL, there is nothing to worry about! Flipside provides all the basic knowledge of SQL along with other relative knowledge in form of tutorials. So, anyone with a will to start can start working with Flipside. Furthermore, writing skills are also important in working with Flipside as the analysis has to be explained in the written content as well.
Moreover, if you are not good at both SQL and writing skills, then still, there is nothing to worry about. Flipside encourages collaboration and you can easily collaborate with any other SQL expert or reliable writer. Above all, if you even don’t have both skills, you can learn them through tutorials!
In conclusion, Flipside crypto is an amazing project that brings analysts and crypto projects together on one platform. Hence, it helps analysts to earn crypto with their skills. Furthermore, it helps raw talent to learn about analyzing the data sets to build rare insights through tutorials. In this way, Flipside crypto converts raw talent into experienced analysts. On the other front, Flipside enables crypto projects to collect rare insights. These rare insights, collected by analysts on the Flipside, help the crypto projects to make the right decision. In this way, Flipside is serving the crypto community, analysts, and crypto projects uniquely!