006: BitClout Project Highlight

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TL;DR

1. ProsperClout – BitClout Creator and Investor Intelligence
ProsperClout helps illustrate some of the Creator data that is on the BitClout blockchain but not visible through the main node( BitClout.com). This includes info about a Creator’s activity and engagement, as well as details about their coin investors and transactions.


Below I will break down each component of @ProsperClout in a non-vid eo review similar to what @Dylsell does with video but without as much UI/UX feedback (his videos are must watch).


Let's Go Deeper

Why do I need ProsperClout?
The short answer is to better understand creators. But there are many motivations for this – determining who to follow, deciding which creator to invest in, and to monitor an ongoing investment.


Below is the main page that is very straightforward – just search a creator by username or public key. 

Technology Adoption Curve

Let’s find an example to use… @RajLahoti


Once you search a creator, in this case @RajLahoti, you will get to a page that looks like this:

The main navigation is on the left side and these sections can also be reached by scrolling down. Except for the “Simulate Trade” link which will make this section appear(we will get to that later).


The information in the top box above the “Account Overview” section is basic profile information that can be found on the creator profile page at BitClout.com except here we can also see the current founder reward.

Now here is the full “Account Overview” section:


Teen Social Media Preferences

Account age is nice to get an understanding of how early they adopted BitClout but maybe not a meaningful decision variable. Username changes are VERY useful to help vet scams. Raj has changed his 3 times but if you click on the details you can see they were all done around the same time early on in his account history(so not a scam).

Last 7 days of money flow is interesting(also in/out details) but how about a toggle for other time periods?


The coin price chart is very useful for getting the high level picture of stability and direction. This makes the volatility details seem redundant or too granular but for some looking for a specific investment profile this could be helpful(I should be into this as a former quant fund manager). For the masses the most useful stats in this volatility box might be the high and low for those looking for an entry point.

Last 7 days of money flow is interesting(also in/out details) but how about a toggle for other time periods?


The coin price chart is very useful for getting the high level picture of stability and direction. This makes the volatility details seem redundant or too granular but for some looking for a specific investment profile this could be helpful(I should be into this as a former quant fund manager). For the masses the most useful stats in this volatility box might be the high and low for those looking for an entry point.

This engagement section is my favorite section! This helps me understand if I am investing in someone who is active on BitClout or maybe built a following on other platforms that helped them boost their price here.


Raj seems to really hit his stride and consistency in the month of May and has a healthy ratio of replies/posts. The most and least active days is neat info that might help you determine if the creators schedule aligns with your and there might be an increased chance for direct engagement.


Coin Holder Distribution & Concentration Risk
This section helps you understand who else owns this creator coin. At the moment the total is the most useful number since that represents overall support. Verified accounts still represent a small percentage of total BitClout users. The whale accounts could signal long-term holders or a risk of a large price decline if they sell so not sure what to make of that. The Shadow Accounts are not defined anywhere so I don’t know what those mean – maybe it is an account with just a public key and no username. Lastly in this first row you can click in to see noteworthy coin holders but that is just top verified and whales so not that interesting since also available on BitClout.com(but still convenient to have repeated here).

This second row has the more interesting data - the first box here is the concentration risk and shows how much the creator owns of their own coin as well as the next largest coin holder. For Raj, he owns 19% and the next largest coin holder owns 12%(better hope that next largest coin holder is loyal if you don't want to lose a quick 1/8th of your investment).

The percentage of coin holders that re-invest might be a signal of how regularly the investors have been impressed with the creator's content. The last box is the HH Index which attempts to give a quick quantitative measure/threshold at which to be concerned with coin holder concentration. Probably useful for those moving quickly and want a quick red/green flag to glance at.


Creator's Wallet Insights

This section helps understand the creator as an investor. Total wallet size, largest coin holding(other than their own), total trades(buys & sells). I don’t think this section needs much explaining but it is noteworthy that you can see how many “Gift Coins Received”. Given that Raj has $18.6k in this category it likely encompasses both diamonds and transfers since this would be hard to achieve through diamonds alone.


Creator Founder Reward Insights

This section displays founder reward percentage(FR%) history as well as the money flow at different FR%. The history is helpful to determine how often(if at all) a creator changes their FR%. The money flows can help guide a creator on setting their FR%. This is one of the reasons I chose Raj is that he has experimented recently with changing his FR% frequently at this gives us some interesting data on the flow charts.

The total money flow at different rates is useful but the money flow velocity($/hour) is likely influenced by too many other variables such as time of the day changed, how heavily promoted, and current coin price. So I ignore this chart in the upper right.


Last 10 Trades

The last 10 trades... this is something everyone might think is nice to see but doesn't have high utility. The only use case I could think of is to see if it is of the creator's own coin or to confirm a recent transaction they said they would make. The latter use case is valid but could end up causing controversy if time frames are off and if it doesn't show here doesn't mean it didn't happen.


Simulate Trade

An important note about this section is that this is the view if you click on the "Simulate Trade" link in the left navigation. This is slightly different from the "Coin Trade Calculator" link in the upper right navigation bar. I will only cover the one on the creator's profile and but they are very similar with the coin trade calculator providing some additional metrics and the ability to specify a desired ROI and compute a sell price.  

The main purpose of this section is to show the impact of a buy/sell on the creator coin. If you input your public key, it also shows how this changes your holding details. There is a hyperlink under the box if this is your profile that says “I’m trading my own coins” and will autofill your public key. For simplicity I clicked this(as if I were Raj). You can see for Raj a $1k investment doesn’t really move the needle much.


I find this tool very useful for creator coins with lower coin prices. I use it mainly for sells since I support a lot of creators very early, I want to ensure when I sell it doesn’t drop the price too much and might sell in chunks if needed. I think this is an important tool because it helps people be considerate of their impact to other creator coins.


Final Thoughts

This is a very useful product to add transparency and understanding to BitClout. However, it would be great to see more metrics and graphics focused on engagement and activity other than coin price and trading activity. 


What would everyone else like to see more of? Let the creator @salilsethi know and be sure to thank him for creating @ProsperClout

That’s it folks.

Potential topics for next week:

  • BitClout project highlights for @Cloutted or @CloutApps


Let us know what you want to read about by tagging @CloutTrends on BitClout.

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