Frequently Asked Questions (FAQ)
What is Elfa?
Elfa is crypto’s first real-time social listening platform. Vibe check the markets on easy mode.
Understand which tokens are gaining popularity in real-time, recent catalysts, news and which traders’ calls are worth listening to.
Never be sidelined again.
What do people mainly use Elfa for?
Discover tokens gaining popularity before mainstream catches on
Vibe check if a token is worth investing in
Verify reputation of KOLs. How often are they right about their calls?
Deep research. Ask Elfa to handle any complex crypto trading analyses.
Where does Elfa get its data from?
Elfa’s data is gathered from multiple public social, on-chain and off-chain sources including:
X (formerly Twitter)
Telegram
DEX and CEX data
And many more trading-related data sources
Elfa ingests large volumes of conversation and activity across these platforms, identifies the exact tokens and projects that each post refers to, extracts any relevant key insights towards each token, then transforms them into real‑time insights.
What does "Mindshare" represent?
It represents real-time mentions of the specified token amongst the global crypto community. within a time period.
For example, if ETH has a 10% mindshare on the 1H leaderboard, this means that 10% of all token mentions in the past 1 hour was about ETH.
We opted for an objective clean way of calculating the data so that:
1. It is not a black box of opinionated calculations.
2. You can build on this data in any way that you see fit.
What happens if a person tries to game the leaderboard by mentioning a token multiple times in a short period?
We have anti-sybil measures in place. Spam ticker mentions contribute exponentially less towards mindshare data. This prevents a single user from mentioning a single ticker multiple times to artificially inflate its mindshare.
How can I personalize my feed to only quality content?
On the Elfa feed, you can filter between showing tweets from “Smart Accounts” only, “CT Accounts” only or both.
What is a Smart Account and a CT Account?
An account is considered "smart" if their past tweets showcase presence of deep analysis, insightful takes etc. in certain domains eg “builder”, “researcher”, “trader”, “web3 kol”, “on-chain detective” and more.
"CT" refers to people who are in the Crypto Twitter circle but not necessarily consistently posting insightful analysis.
What other account types are there?
“News Accounts”.
These are accounts that are tied to news outlets such as CoinDesk, CoinTelegraph, The Block and more.
What does the Sentiment Score mean?
Sentiment Score represents the average sentiment of all mentions within that time interval.
Sentiment Score = sum of sentiment of each mention towards a token / total number of mentions
This is calculated through:
Processing the bullishness or bearishness of each tweet mentioning the token in the time period
Averaging the sentiment over the selected time period
How do I let my friends try Elfa?
Every beta tester on Elfa has 5 invites to bring their friends onboard.
Simply click the “Invite” button on the top right corner of the Elfa app to find your unique Invite Link or Code!
Does Elfa have a token?
No.
Last updated