Good question OP.
This is tough because there's so much to consider first. The basics like the team behind it, project development, and more. That's the first into building a community where people will gather, if they find an altcoin project good then it will be a natural increase in the fanbase.
Another important role of the team behind the project is their activity with their investors. Try to answer as many questions as possible and be polite to every answer. Even if they are repeated queries, a community manager should not get fed up and just answer them directly.
I have been in an altcoin project before with a lively Telegram group, most questions are relevant and they are answered quickly by the team. Sometimes it's the old investors that provide the answers if they already knew about it.
Topic: How do we build a strong community of supporters for crypto projects ? - page 3. (Read 417 times)
March 23, 2023, 09:48:08 AM
March 23, 2023, 09:40:28 AM
One of the recent cases that I have seen that epitomize success and opportunity is Shiba Inu.
I think you need to study like them, and really if you can afford to do it.
The fact that many hype projects these days have turned themselves into a laughing stock, I hope you know this too, don't say what you can't do.
I think you need to study like them, and really if you can afford to do it.
The fact that many hype projects these days have turned themselves into a laughing stock, I hope you know this too, don't say what you can't do.
March 23, 2023, 08:46:41 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
Getting community members is quite easy by holding contests with prizes or Airdops, of course there will be many people who become community members in a project. But indeed the most difficult thing is to maintain the continuity of the community as active users in the network. Maybe what you need to pay attention to is how effective and efficient your project network service is with the same project developed by other developers, how big the utility and ecosystem are, whether or not the market needs it, and who you partner with, and one more thing, what are the benefits that you will give to the community as a member of the community.
I think those things are a consideration for community members whether to stay or not because basically everyone needs the benefits of mutualism.
March 23, 2023, 04:50:18 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
I think especially nowadays team members of a project have a very hard time to gather a significant amount of supporters behind their project, because obviously nowadays we have like at least 20 new projects or so appearing each and every day. From those 20 of course at least 19 are useless shitcoins that are dead again within a few days but still those projects also take away attention and money from "real" projects.
A lot of projects are giving away free tokens via an airdrop where you have to follow the projects twitter and join the telegramm channel and stuff like that, but to be honest i am not convinced, that this is actually worth it.
There are hundreds of "professional" airdrop hunters out there from poor countries that are just farming every airdrop and then immediately sell it again once they get the tokens. In the end this does more harm to a project than good.
That's true. Building a community becomes extremely difficult nowadays although most of us spend so much time on social media. People that are active as airdrop hunters do not have any loyalty at all. If our project FireDAO conducts airdrop one day, we should also think about this problem. By the way, our project is relentlessly in progress and maybe you want to know about us ? Please refer to this thread to find more info https://bitcointalksearch.org/topic/annfiredao-social-daodidweb3-identitysbtssupereconomy-5441307 . Hope you'll be interested.
March 22, 2023, 08:32:56 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
I think especially nowadays team members of a project have a very hard time to gather a significant amount of supporters behind their project, because obviously nowadays we have like at least 20 new projects or so appearing each and every day. From those 20 of course at least 19 are useless shitcoins that are dead again within a few days but still those projects also take away attention and money from "real" projects.
A lot of projects are giving away free tokens via an airdrop where you have to follow the projects twitter and join the telegramm channel and stuff like that, but to be honest i am not convinced, that this is actually worth it.
There are hundreds of "professional" airdrop hunters out there from poor countries that are just farming every airdrop and then immediately sell it again once they get the tokens. In the end this does more harm to a project than good.
March 22, 2023, 04:32:29 AM
Transparency, Honesty, Marketing.
There are many more, but I believe these are 3 of the most important things that developers must have in order for their project to become successful. Developers being transparent to other people increases the trust of the investors towards the project. Being honest and answering investor's questions without hiding or lying anything will increase the chances of our project to be a successful one. Marketing of course is the most vital part of every project because you want your project to be heard worldwide, and now that most of the people are spending time on social media, promoting your project has never been that easy.
Of course, having these 3 isn't guarantee a success towards your project. You need even more than that. You know that building a project in crypto isn't an easy thing. Good luck.
There are many more, but I believe these are 3 of the most important things that developers must have in order for their project to become successful. Developers being transparent to other people increases the trust of the investors towards the project. Being honest and answering investor's questions without hiding or lying anything will increase the chances of our project to be a successful one. Marketing of course is the most vital part of every project because you want your project to be heard worldwide, and now that most of the people are spending time on social media, promoting your project has never been that easy.
Of course, having these 3 isn't guarantee a success towards your project. You need even more than that. You know that building a project in crypto isn't an easy thing. Good luck.
March 22, 2023, 02:13:35 AM
First of all the proposal behind the project must be original, innovative and useful in order to bring organical support to your local community. If you are able to offer a product like this, I believe more than 50% of the way is already paved.
After that you have another factors, but the main one is marketing, as you need to promote it to reach the maximum number os crypto enthusiasts as possible, while also attracting speculators' attention and interest to give your project some boost, especially at the beginning, that is when you are trying to consolidate your token or coin inside crypto market.
A powerful marketing strategy is to be generous with your initial public. If you are confident your concept is going to make the difference, I'm sure you won't bother investing a decent sum of money on this stage of the process.
After that you have another factors, but the main one is marketing, as you need to promote it to reach the maximum number os crypto enthusiasts as possible, while also attracting speculators' attention and interest to give your project some boost, especially at the beginning, that is when you are trying to consolidate your token or coin inside crypto market.
A powerful marketing strategy is to be generous with your initial public. If you are confident your concept is going to make the difference, I'm sure you won't bother investing a decent sum of money on this stage of the process.
Thanks for your comment. Your point of view is mainly from drawing speculators' attention and rewarding their "original" support, which is useful. Our project is more like a tool oriented DEFI product and hope you'll be interested. You can refer to this thread https://bitcointalksearch.org/topic/annfiredao-social-daodidweb3-identitysbtssupereconomy-5441307 to find the white paper and more detailed info.
March 22, 2023, 02:07:57 AM
~
Well Bitcoin really solved most of the problems by the adopters especially businesses and even I don't know what else should I replace it with even now. I am not really one of the hardcore fans of Bitcoin and usually I am just like an average user of Bitcoin. For other fans, they surely know the loops around it and that's why they're really devoted into supporting Bitcoin all in all. Maybe try to find what Bitcoin cannot solve and you might get a solid community of supporters? There are tons of shitcoins out there already and non-Bitcoin coins are quite notorious for being just crap so your project might need to excel more than what's expected.
March 21, 2023, 12:53:53 PM
First of all the proposal behind the project must be original, innovative and useful in order to bring organical support to your local community. If you are able to offer a product like this, I believe more than 50% of the way is already paved.
After that you have another factors, but the main one is marketing, as you need to promote it to reach the maximum number os crypto enthusiasts as possible, while also attracting speculators' attention and interest to give your project some boost, especially at the beginning, that is when you are trying to consolidate your token or coin inside crypto market.
A powerful marketing strategy is to be generous with your initial public. If you are confident your concept is going to make the difference, I'm sure you won't bother investing a decent sum of money on this stage of the process.
After that you have another factors, but the main one is marketing, as you need to promote it to reach the maximum number os crypto enthusiasts as possible, while also attracting speculators' attention and interest to give your project some boost, especially at the beginning, that is when you are trying to consolidate your token or coin inside crypto market.
A powerful marketing strategy is to be generous with your initial public. If you are confident your concept is going to make the difference, I'm sure you won't bother investing a decent sum of money on this stage of the process.
March 21, 2023, 11:55:44 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
Then there's the fact that there are just not enough people in this space for every medicore project.
March 21, 2023, 11:34:47 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
With Bitcoin, Ethereum, and other cryptocurrency giants plus thousands of altcoins in the market is very difficult to stand out from these projects, There are also a lot of projects and tokens getting launched daily, especially in the bear market is also hard to get the support of the community. In my opinion, a different approach or project that solves a different problem would work, we know that bitcoin and Ethereum are both cryptocurrencies but they have different structures, bitcoin is a form of money that can be used for digital transactions while Ethereum is a different platform for decentralized application and even smart contracts.
If you could create a unique project that solves a problem it might work, because that is what the community is looking for, if the project doesn't have any world use it was basically a useless project, Of course, you might get lucky like what happened to meme token but since they don't have any use we are not sure if the community will stay just because of hype or popularity.
March 21, 2023, 11:04:05 AM
Why don't you look at the latest projects that managed to sustain or survive the drop after the hype is gone. I remember the likes of shiba that came late in the game. They took advantage of the resurgence of meme coins if I am not mistaken and were able to build decent followings somehow. Just don't send tokens to Vitalik or to whoever developed the chain for your token.
Thanks we would but isn't it a good idea to listen to what "supporters" think directly ? Voices should be heard and we can never rely on any single channel of sources. As we are devoted to building a strong community for our project, there is nothing too careful to be prepared. Please let me know your thoughts and we'd appreciate any valuable advice from all users/supporters.
March 21, 2023, 02:12:30 AM
How ?
You up for that will be my question for you so how do you get that, in the dev position don't just serve the needs of others it's quite mechanical. You can look through successful examples of top projects in the market to gauge for yourself what the team is doing, in terms of ideas, in terms of core, team,... not to mention the latter. You know, in this space I know there are a lot of devs who are spending money, time and knowledge to develop products that they are really determined to change something. And I personally love people's efforts to succeed, not just based on hype and fad.
You up for that will be my question for you so how do you get that, in the dev position don't just serve the needs of others it's quite mechanical. You can look through successful examples of top projects in the market to gauge for yourself what the team is doing, in terms of ideas, in terms of core, team,... not to mention the latter. You know, in this space I know there are a lot of devs who are spending money, time and knowledge to develop products that they are really determined to change something. And I personally love people's efforts to succeed, not just based on hype and fad.
March 21, 2023, 01:47:58 AM
Check what did arbitrum doing. They are really focusing on increasing their community through various means of marketing and promotions. Plus there are many projects that are building on their network just to ploy some hype. I think the secret here lies on the execution of the people working for the project and also the product you have to make your subs or community bigger.
March 20, 2023, 10:46:24 PM
Why don't you look at the latest projects that managed to sustain or survive the drop after the hype is gone. I remember the likes of shiba that came late in the game. They took advantage of the resurgence of meme coins if I am not mistaken and were able to build decent followings somehow. Just don't send tokens to Vitalik or to whoever developed the chain for your token.
Thanks we would but isn't it a good idea to listen to what "supporters" think directly ? Voices should be heard and we can never rely on any single channel of sources. As we are devoted to building a strong community for our project, there is nothing too careful to be prepared. Please let me know your thoughts and we'd appreciate any valuable advice from all users/supporters.
March 20, 2023, 12:05:17 PM
Why don't you look at the latest projects that managed to sustain or survive the drop after the hype is gone. I remember the likes of shiba that came late in the game. They took advantage of the resurgence of meme coins if I am not mistaken and were able to build decent followings somehow. Just don't send tokens to Vitalik or to whoever developed the chain for your token.
March 20, 2023, 02:02:34 AM
Unlike Bitcoin that created the cryptocurrency world with an unimaginable fan base, most altcoins have to do tons of work to earn all users' trust to flourish, especially for countless new projects. I believe each of you has been supporter to at least one cryptocurrency and know how that relationship works. There must be some appealing ways for crypto community to do to attract more fans. In your experience, what are the most important principles to build a strong community of supporters ? Please share your thoughts and/or methods. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any question.
Jump to: