7/13/2022 0 Comments
What’s Flipside Crypto?
Blockchain on-demand analytics are made possible by Flipside Crypto, which promotes ecosystem expansion and user retention.
It enables 60,000 analysts to learn, interact, and compete to solve analytical challenges via organized bounty programs over a free, open data platform.
In kinetic energy projects like Flow, Solana, Algorand, THORChain, SushiSwap, and Osmosis, Flipside activates.
In a Series A fundraising led by Republic Capital and involving True Ventures, Galaxy Digital, M13, Dapper Labs, Collab Currency, Tribe Capital, HashKey, and other investors, Flipside Crypto, which was founded in 2017, just raised $50 million.
Users of Flipside can accomplish the bounty programs well receive remuneration in the protocol's native coin. For instance, a user who reviews the liquidity provider Aave may be rewarded in $AAVE for successfully completing and posting bounties.
These rewards are funded through grants and delegations to Flipside's nodes by protocols and their foundations, and they are encouraged to do so as Flipside brings more talent and analytics to their networks. 90% of brand-new bounty hunters are, on average, testing out a protocol for the first time.
Bounty hunters keep more than 80% of their rewards staked in the native token of the protocol they're working on, which further improves protocol health. Flipside's retention averages are north of 80%, and more importantly, developers are staying in these ecosystems.
With a staff of more than 75 people, Flipside is a remote-first company with its initial headquarters in Boston, Massachusetts.
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