Topic: Can You Really Build Web3 Communities By Paying for Engagement? (Read 143 times)
Before paying the sites should be checked carefully the ads do not do any work, they are willing to provide all kinds of ads for money. Community members are not part of the community simply because they have a shared interest or a common goal. They also have a stake in the community. They are like co founders in tech startups. They invest their quota in the growth of the community. And if they choose to leave they can sell their shares and cash out their investment.
You sort of can, but it would require a lot of time without it. How? Well, assume that you inherit twitter today, that would mean that there would be ads displaying ,and those ads will be paying the company, and that means the company can pay people for each display. Imagine having a web3 community where ads are everywhere, and people pay high amounts for ads, even this forum we are using right now have ads that theymos charges money for, and that means there are a lot of people here everyday and people want to advertise it, it's that simple.
However, if you start with paying, you would have to pay from the pocket, because ad companies will not pay you for just 50 people, there needs to be thousands of users everyday, actively using it, before they start paying for it.
However, if you start with paying, you would have to pay from the pocket, because ad companies will not pay you for just 50 people, there needs to be thousands of users everyday, actively using it, before they start paying for it.
Everything these days can be paid for as long as you promote them on social media. Sometimes there is even a bonus if you have this much amount of followers and that much amount of engagements. It boosts exposure but on the other hand most engagements will just be from those who want to gain profit and are actually not interested in the token probably leaving the token dead after a few months at least
Gaining massive profits from the system doesn't come easily because there are more work to put in and standing strong to face the hurdles that will be coming in, more simpler form they're the obstacles and challenges. However the media have made everything easier for everyone to do, simply pay for engagement online and moving ads to the interested audience who served important goal for the public. Communities are build and become strong based on the projects in question. Not every team succeed in building Communities because most of them lack the necessities of putting up a community and they will crashed within small time frame.
Anything that is incentivized will be flooded with spams and ingenuine reactions so the answer to the question in the OP is a resounding NO. It may look like the engagements are increasing initially but that will eventually fade after the earning decreases.
Everything these days can be paid for as long as you promote them on social media. Sometimes there is even a bonus if you have this much amount of followers and that much amount of engagements. It boosts exposure but on the other hand most engagements will just be from those who want to gain profit and are actually not interested in the token probably leaving the token dead after a few months at least
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A human bot. I don't see how any of that is going to work out as proper engagement in the long run. Sure, it works early on, and anyone who applies to it if they're a small content creator would see gains and attention. But later on? They'd probably lose half, maybe more when they stop using said service to attract viewers. Yes, they may attract people who will stay, but if you're willing to pay people to get attention, I don't think you'd be willing to lose it, regardless if they really like you or are paid to do so in the first place. Not to mention I'm talking about a human bot, if it was a really bot forget attention, you wouldn't even get real people to talk to and interact with in that specific social media which is in this case, twitter/X
Anyway, I don't think it's a sketch, paying people for Twitter engagement has been a long-time kind of thing afaik. But, again, human bots are okay, but if said human bots were to turn into real bots, the economy of that specific coin, $REACH as you said, would probably go haywire in the long run.
I had seen a similar project or idea in the past and when I went back to look for them, it was dead. They’d pay like $0.2 for the action, it could be app downloads or joining communities or even the retweets you speak of. It can be a good and genuine thing depending on how it’s used but definitely not organic like Jerome said because some of the accounts that will perform the task will definitely be bot accounts. If you have been on Telegram groups, you don’t need to be told the outcome.
Thanks for sharing your experiences with me, I do hope others can learn from it and keep doing their due diligence to avoid negative experiences in the future. This is why I take my time out to ensure that I know the team behind any project well enough, like see if they can make some major exchanges listings before I can put my funds in them or perform any activity on it to determine if I should hold their token or even buy it in the first place. I believe if we can have some good indicators to filter out these bad players from the crypto space, it will increase our confidence in the whole digital space and we won't have such bad experiences.
You’re welcome. Someone once told me that no proper project will use their money to finance fake engagements and I kind of agree with him. Any project that you notice trying to fake engagements on their telegram or any social media needs to be looked at again. They may not be a bad project in cases where they are trying to build up the hype (like meme projects). However, if they take it too far, it could leave a really bad reputation of the project which then adds to its failure. So yes, be careful, the hype can be fake sometimes.
Exactly, people are using X formally known as Twitter as their side hustle social media platform and as you said, people are trying all their best to even boost their followers to receive pay. Some people even pay other Twitter users to follow them. And foe that inactive Twitter users are more in the social media. As for me I have not heard of the so called REACH before and this the first time of hearing this. Op can you put more highlights on the REACH? So that we will also know what is all about. Or is it a cryptocurrency project as well because new projects come every week.
Of course there are bots on Twitter and that's why I took my research to a n informed platform as this, because truth be told, the fact that there are fake accounts and projects out there still doesn't take away the fact that there are still legitimate projects out there and if one closes his eyes towards them we could miss out a lot on the important ones that could take us to our promised land in our crypto dreams, my friends have participated in some events and made it real big with the right information.
It's true that we find a lot of fake accounts or projects out there. And we must also learn to be able to identify them. Usually the fake accounts or projects say something that is illogical and not based on data. Most fake accounts are also not professional in their work. And of course we have to share information on this forum, so that we can remind each other about what happen the world of crypto.
Current technological trends are like two sides of a knife. One side can kill and harm, but the other side can save lives. We must be able to see whether the person is using technology to cheat and harm us or can give us an advantage.
I really want to see how this REACH works, but sorry couse I can't open Bitget because it is protected by my country's region. I will try it yesterday and back to this discussions.
Sounds cool in theory, right? Creators get their stuff seen, people get paid... but will it feel genuine? Or will it just be a bunch of obvious paid promotion clogging up feeds? And honestly, I'm not quite getting this token thing yet. Is it about building a real community, or is the token the end game?
Anyone else tried REACH? Am I missing something here? Is this a legit way to get eyes on cool Web3 projects, or is it kinda sketch? Curious to hear what others think.
Paying content creator through tokens or real money is the only way you can build a community. Even in popular social media platform like X, Tiktok and Facebook which they are incentivizing content creator post for the number of reactions and view it can get.
It’s same principle to the project you are referring. It’s not sketchy because that’s the normal way now building a community. There’s no one will be interested to create a content to a platform that doesn’t reward users while there’s existing platform that pays them. I’m not specifically telling that this project is legit but what you are asking based on description is just normal for a platform like this.
Start with airdrops, they're actually engagement on their own communities but they're like one time payment for those that will engage. There's also steemit where the writers or content creators are paid with their token. Actually, if the token is acceptable, has got liquidity and tradable, many are going to be interested to engage with such platforms. But with the lesser volume and liquidity of these token rewards from such communities, that discourages people to use them even if they're giving a decent quantity for reward.
I had seen a similar project or idea in the past and when I went back to look for them, it was dead. They’d pay like $0.2 for the action, it could be app downloads or joining communities or even the retweets you speak of. It can be a good and genuine thing depending on how it’s used but definitely not organic like Jerome said because some of the accounts that will perform the task will definitely be bot accounts. If you have been on Telegram groups, you don’t need to be told the outcome.
Thanks for sharing your experiences with me, I do hope others can learn from it and keep doing their due diligence to avoid negative experiences in the future. This is why I take my time out to ensure that I know the team behind any project well enough, like see if they can make some major exchanges listings before I can put my funds in them or perform any activity on it to determine if I should hold their token or even buy it in the first place. I believe if we can have some good indicators to filter out these bad players from the crypto space, it will increase our confidence in the whole digital space and we won't have such bad experiences.
Sounds cool in theory, right? Creators get their stuff seen, people get paid... but will it feel genuine? Or will it just be a bunch of obvious paid promotion clogging up feeds? And honestly, I'm not quite getting this token thing yet. Is it about building a real community, or is the token the end game?
Nope, I mean, just look at 𝕏 lately. Too many ads all over the place. In fact, I miss the former twitter. Elon Musk used to complain about bots, but this time round the bots are so annoying and tend to appear as sponsored AdsI think the community growth won't be organic. It will mostly be bots looking to earn as much as possible from the platform.
Of course there are bots on Twitter and that's why I took my research to a n informed platform as this, because truth be told, the fact that there are fake accounts and projects out there still doesn't take away the fact that there are still legitimate projects out there and if one closes his eyes towards them we could miss out a lot on the important ones that could take us to our promised land in our crypto dreams, my friends have participated in some events and made it real big with the right information.
I believe in crypto and the potential for some alts to rise so high in the future, I don't want to miss out on them like I did to SHIB, ADA, BNB and also BGB token, these days these coins could take us by surprise and we should help ourselves out with some reliable information.
I had seen a similar project or idea in the past and when I went back to look for them, it was dead. They’d pay like $0.2 for the action, it could be app downloads or joining communities or even the retweets you speak of. It can be a good and genuine thing depending on how it’s used but definitely not organic like Jerome said because some of the accounts that will perform the task will definitely be bot accounts. If you have been on Telegram groups, you don’t need to be told the outcome.
Sounds cool in theory, right? Creators get their stuff seen, people get paid... but will it feel genuine? Or will it just be a bunch of obvious paid promotion clogging up feeds? And honestly, I'm not quite getting this token thing yet. Is it about building a real community, or is the token the end game?
Nope, I mean, just look at 𝕏 lately. Too many ads all over the place. In fact, I miss the former twitter. Elon Musk used to complain about bots, but this time round the bots are so annoying and tend to appear as sponsored AdsI think the community growth won't be organic. It will mostly be bots looking to earn as much as possible from the platform.
So, I stumbled upon this thing called REACH on Bitget, and it's got me thinking. They're basically trying to turn Twitter engagement into a side hustle for Web3. You do missions – like, retweet this, follow that account – and you either get a shot at ETH or these points that get you on a leaderboard for something called $REACH tokens.
Sounds cool in theory, right? Creators get their stuff seen, people get paid... but will it feel genuine? Or will it just be a bunch of obvious paid promotion clogging up feeds? And honestly, I'm not quite getting this token thing yet. Is it about building a real community, or is the token the end game?
Anyone else tried REACH? Am I missing something here? Is this a legit way to get eyes on cool Web3 projects, or is it kinda sketch? Curious to hear what others think.
Sounds cool in theory, right? Creators get their stuff seen, people get paid... but will it feel genuine? Or will it just be a bunch of obvious paid promotion clogging up feeds? And honestly, I'm not quite getting this token thing yet. Is it about building a real community, or is the token the end game?
Anyone else tried REACH? Am I missing something here? Is this a legit way to get eyes on cool Web3 projects, or is it kinda sketch? Curious to hear what others think.
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