Bird Calls Community Update
Vol 2 • Issue #4
March was an eventful month as we laser focused on significant announcements like the partnerships with Altura and ShoeFy, imminent launch of wallet analytic tools, education talk at MIT and community review by YouTube crypto expert. We wanted to discuss how the network and growth around Bird is taking shape.
Let’s have a look!
Product Development
With each passing day we get closer to the imminent launch of our first wallet analytic tools. Our first product is a simple 1 number score that predicts with 90%+ accuracy whether any given wallet will immediately sell tokens or hold them for an extended period of time.
Smarter Launchpads for fundraising powered by Bird’s analytics
Just as browsers play an important role in the adoption of the internet, crypto wallets are integral in facilitating the adoption by individuals and enterprises alike.
Bird’s Launchpad Score will support blockchain institutions to tally its business objectives with investor behaviors as a form of risk management.
In the first few months of the year, we have focused efforts on developing relationships with Launchpads and discussing the value of utilizing our Launchpad Score within their ecosystems. They are all excited by the opportunity to utilize our wallet analytics to help create optimal environments for the projects that they are launching.
The slide below shares the value proposition that Bird tools provide launchpads:
Blockchain data is immutable. With each transaction, the digital record of the crypto changing hands carries with it the history of transactions it has been made. Bird’s Launchpad Score will support blockchain institutions to tally its business objectives with investor behaviors as a form of risk management. This will also be beneficial in building trust within the crypto market where individuals, investors and developers get to know the business behavior of each other, contributing to the transparency and reliability of blockchain activity.
User guide for investor score
Holding the tokens with a higher potential for longer duration in a particular wallet is one of the basic and best practices in the crypto industry that is bound to give you the maximum returns on your investments. All good things to those who wait right?
With the very same concept when a new token or a project is launched in order to maintain a certain value of that token and to create its demand in the market the thing that the crypto companies care about most is that the people who purchase the tokens initially hold their tokens for a longer period of time.
What our investment scoring AI based algorithm does is that it gets all the relevant data of a particular user from the block-chain and analyses that data. In our algorithm what we do is we look at all the transactions made by that particular wallet in the past and use them to assess the general behaviour or trading pattern of that wallet.
A few similarities that we look at are
- How long on average does that particular person hold the tokens of projects that are similar to our query project.
- We find the wallets on the block-chain that are similar to the query wallet and see how those wallets behave when holding the tokens of projects that are similar to the query project.
- We find the general overall trading behaviour and transactional tendency of the particular wallet.
On the basis of the above we make a lot of other features that go into our AI model and predict the investor score. If the score is good then that means that the particular wallet has a higher tendency of holding the tokens of query project for a longer period of time and hence the wallet is a “good trader” and if the score is bad it means that the particular wallet has a lower tendency of holding the tokens of query project for a longer period of time and hence the wallet is a “bad trader”.
Now one of the questions that many of you might be pondering about a few questions such as
- What can be the scoring model for Launchpad/Investor score?
- What good is the “investor score” of Bird is for the crypto community?
- What benefit do we get for being a good hodler?
- What business applications does the Launchpad score have?Let’s explore all of these questions in detail next
We can essentially define a scoring criteria between zero and one on the basis of above criteria to rate the incoming wallet user. For the user’s which have a quick or bad trading pattern their score shall be near to zero while for the good hodlers it’s expected to be more towards the side of one.
The investor score of Bird can offer A LOT to the launchpads and the projects being launched there essentially by reducing the risk factor for those projects. The risk being handing over their majority tokens to people who will sell the tokens quickly and hence never allowing the project to reach a certain point of stability.
… when a project and a launchpad finds out that a certain user is a good hodler they can essentially offer the wallet a reduction in price and urge the wallet to get more tokens because they know that the wallet is a good hodler.
This way when a project and a launchpad finds out that a certain user is a good hodler they can essentially offer the wallet a reduction in price and urge the wallet to get more tokens because they know that the wallet is a good hodler. In this way Bird’s Launchpad score not only helps the launchpads to boost their business but provide a much better chance to the projects to get quick stability in their market.
The Launchpad score business use-cases are not limited to the above mentioned ones and we encourage our community to come up with more creative scoring schemes on the basis of scores provided by us. For example a certain project can opt to use the launchpad score provided by Bird as a bonus multiplier , the higher the launchpad score the better the bonus being given, the more encouragement to good hodlers to hold the tokens of that certain project.
A project can opt to use the launchpad score provided by Bird as a bonus multiplier , the higher the launchpad score the better the bonus being given, the more encouragement to good hodlers to hold the tokens of that certain project.
A good hodler this way can not only get the reduction in purchase price for launchpad events but can also get great bonuses based on the investor score that we provide them.
Another good thing about the Bird Launchpad score is that suppose a user / wallet A was initially a good hodler but with time tends to change its trading behaviour. Because our investor score for a user is not static and we monitor every trade that a wallet does, with time if the trading pattern changes we’ll change our scoring accordingly.
Bird saw a problem in the market and has come-up with a first ever unique solution for that problem. With our Launchpad score we have minimized the potential risk for all the launchpads and upcoming projects and have opened a door for a thousand possibilities.
With our Launchpad score model we intend to provide a platform which anyone can use just by providing us the wallet hash for that particular wallet.
Marketing, Growth and Brand
Educating a Broader Audience
While we continue to work on our products, we continue to look for ways of educating the broader audience on the inevitable ubiquity of Web3. More importantly, how blockchain analytics will be a definitive factor in driving its growth. We’ve started to work on some of our video presentations to help narrate a clear story of why Bird’s blockchain wallet level analytics products are being created. Ultimately Bird’s products will have a positive impact on both suppliers of data, as well as consumers. All the while ensuring equitable value and ownership of that data. We’re still working through the post-production of our video presentation, however our post-production team put a teaser to share with our community. We hope you’re as excited as we are about seeing the full length version.
Analytics, Leadership, HR & Operations
Presenting to academic institutions
The ability of blockchain analytics to draw an unprecedented quality of insights from big data and business operations has been proven as a technological marvel. To educate and promote the future data ecosystem for all, the Bird Team will be traveling to one of the top academic institutions, MIT (Massachusetts Institute of Technology) to present with a group focused on the future of blockchain technology, where Daniel and Lihan will give an overview of Bird’s industry leading technical work and research with some of the brilliant minds trained behind some of the most transformative innovations in history.
To educate and promote the future data ecosystem for all, the, Bird Team will be traveling to one of the top academic institutions, MIT (Massachusetts Institute of Technology) to present with a group focused on the future of blockchain technology…
Such opportunities will enable Bird to further expand our net and grow the collective influence of our team. But before all else, our researchers will continue to cement themselves as thought leaders, enabling a better solution for data users and providers.
Community Building
We continued to scale out our community engagement with the Fireside Chat session #5 featuring Lihan from Bird Engineering Team. On March 21st, BitcoinBros released his review on Bird via YouTube covering how we tap into new arenas of data analytics in the blockchain industry and the number of integrations with DeFi, NFT and GameFi partners. While we have received a lot of positive feedback on our Ambassador Program, we sent out the first batch of ambassador badges this month to reward our contributors and supporters.
Focusing on a path to decentralization, we are planning for a Discord overhaul for the community to share ideas, enter fun events, and participate in Bird governance. In the coming weeks, we will empower our community with more incentives and events on Discord. Stay active and invite your friends to get a special role for access to exclusive channels!
Join here if you haven’t:
Stay with us, hook up with us on our several social media outlets, feel free to make your suggestions and inquiries known.
As always, take time for a sunset!
About Bird
Bird is empowering dApp developers to create the Web3.0 UX of the future by developing wallet-level machine learning prediction products that are accessible within a permissionless, decentralized on-chain oracle. Developers that integrate with our products can, for example, offer variable defi loans or launchpad investment terms based on Bird’s analysis of the wallet’s past behaviors as well as off-chain data streams.
Behavioral prediction products fueled the growth of Web2.0 companies such as Google and Facebook, but centralization had led to power and profit disparities. Combining the power of ML with open and decentralized technologies will enable Bird to create an entirely new tech business model. Operational decisions such as how sensitive data are used and what user behaviors are analyzed can be made by the community (i.e, token holders), with community profit-sharing serving to align the long-term incentives of Bird administrators and ecosystem users.
Bird Links
Visit us:
Discover us:
Join us:
Bird Official Telegram Announcement Channel
Bird Official Telegram Flock Community Channel
