On the fateful day of December 20, 2020, the mighty Elon Musk, with all his glory, posted but one humble word: “Doge.” A single utterance sent Dogecoin soaring by 20% in a mere 30 minutes-oh, the power of the Twitter gods! Fast-forward to 2024, and the meme coin extravaganza had hit unprecedented heights. “Dogwifhat” and “Book of Meme” each experienced jaw-dropping 500% surges, thanks to some wild X campaigns and Telegram raids. But as is the case with these volatile beasts, the fall was just as swift-retracing 80% to 99%. The crypto market, dear reader, is nothing if not dramatic!
These escapades offer a striking glimpse into the power of online chatter on the crypto scene, but also a harsh truth: information zips through crypto markets at lightning speed, and traders are left struggling to tell apart genuine voices from the army of engagement farmers tweaking the algorithm for some cheap clout. Oof!
Ah, but here enters a shining knight in shining armor: the grand concept of Information Finance (InfoFi). This grand notion seeks to bring order to this cacophony of data, where information runs rampant, but trust is as fleeting as a crypto price chart at 3 a.m.
BeInCrypto had the distinct pleasure of chatting with Flipster’s Head of Product, Youngsun Shin, who graciously shared his insights on how InfoFi might just revolutionize market participation, why credibility is the new digital currency, and how builders are attempting to bring real, trustworthy voices to the forefront in an ecosystem where, it seems, anyone can go viral. 🙄
The Signal Problem and the Credibility Vacuum
We kicked off our delightful tête-à-tête by pondering the vast ocean of information flooding the crypto world. Shin remarked that while once upon a time, speed of information was king, nowadays, it’s all about recognizing the right signals. A flood of bot-generated comments, keyword farms, and those lovely engagement loops, oh my, have made it nearly impossible for traders to discern the nuggets of wisdom from the noise. 🙉
For Shin, InfoFi is the shining beacon that promises to untangle this mess by rewarding those whose contributions are grounded in true expertise, rather than those who can afford a paid promo blitz. A delightful concept indeed! As he put it, “InfoFi reframes influence around authenticity and contribution. It identifies the voices who actually participate, share insight, and move conversations forward, and gives them a fair way to be recognized and rewarded.” Amen to that! 🙏
Shin’s optimism shines through as he envisions platforms giving social signals a backbone of verifiable activity-finally, a way for traders to discern the real deal from the hype merchants. 🚀
The Trader-Creator Convergence
Enter Flipster’s partnership with Kaito, which, according to Shin, arose from a longstanding disconnect between those who chat about crypto and those who, you know, actually trade it. Because, apparently, it’s not enough to just have an opinion-you need to have some skin in the game!
Shin explained, “As the ecosystem evolves, we see opportunities to bring information discovery and trading behavior closer together, giving traders a clearer view of which insights come from knowledgeable, credible sources.” The man’s got a point! 🧐
Kaito’s intelligence layer analyzes the market participants’ conversations, tracking the hot topics, identifying the voices that are pushing the narrative, and, most importantly, where the attention is flowing. Meanwhile, Flipster contributes by showcasing actual user activity-who’s trading, who’s referring new users, and who’s keeping their engagement real. 🙌
“By combining these layers, we elevate creators whose influence is earned through contribution, not purchased through reach. It creates an environment where meaningful voices stand out naturally,” Shin proudly declared. And indeed, it does!
For those wondering how this will look in practice, Shin revealed the Creator Leaderboard, which prioritizes credibility via actual usage rather than shallow engagement. Surprise, surprise-bots and spam accounts just don’t make the cut. 🦠
Shin elaborated, “When you look at the leaderboard today, the top voices are overwhelmingly real users with verifiable activity. That’s because usage-based boosts significantly outweigh superficial engagement metrics. Bots and spam accounts simply don’t survive under that structure. […] The incentive structure naturally filters out low-trust behavior and reinforces voices that add meaningful insight.” It’s a beautiful thing, truly.
But wait-there’s more! Shin also noted a shift in how traders are defining themselves: “The modern trader isn’t defined solely by execution,” he said. “They influence the ecosystem through the ideas they share and the discussions they shape. Social footprints and trading footprints are converging.” So, it’s not just about what you trade, but what you say. 💬
What Comes Next for InfoFi
Now, for the cherry on top. Shin’s long-term vision goes far beyond a mere leaderboard. He’s dreaming of a world where a unified reputation layer combines trading, social impact, and user credibility into a single, coherent identity. “A world where influence is earned, and where communities can rely on transparent, data-backed signals to understand who shapes the conversation,” he says. Could we be witnessing the dawn of a new era? Time will tell! ⏳
For the time being, Flipster is focusing on refining the way credibility is surfaced-making sure those with true insight are recognized, not buried under an avalanche of noise. As Shin put it, they are building towards a future where insight, participation, and performance are all understood in a single, structured context. Intriguing, no? 🧐
While InfoFi may still be in its infancy, the efforts of teams like Flipster and Kaito suggest that meaningful conversations can indeed shape markets-and those driving those conversations? They’ll soon have their day in the sun. 🌞
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2025-11-27 16:29