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Topic: How important is a community behind a crypto project? (Read 4807 times)

brand new
Activity: 0
Merit: 10
Projects with a large community have a greater chance of success. The presence of a strong community makes the project grow. Such projects bring participants a good profit.
jr. member
Activity: 420
Merit: 3
Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2

It's a useful article that answers the question. I have come across a lot of projects. Those who had good community support were able to succeed and the opposite was for those who did not have. Which means that community support is very essential.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
I noticed that competing project with same idea will thrive with larger communities. sonm, golem, iexec and elastics, performing ones had worked on marketing there product and keep increasing the community. Even the so called better product had struggled because of its smaller community.
full member
Activity: 448
Merit: 102
APOLLOX Protocol
Sometimes it is important, sometimes not, because I remember many projects with big and believing community which appeared to be complete scam...
member
Activity: 166
Merit: 10
A healthy and big community is very important for any project. A community could help to win any free listing competitions, could give a great feedback and help with the products development. It is a must for every successful ICO, because there always should be at least 15k members.
15k members is a bunch of members for a project, I noticed projects with an amount near that though they were fakes in the telegram groups.
copper member
Activity: 166
Merit: 100
This particular query may be clarified often, however, I believe which the same it's important to express again about this. which crypto-currencies these days possess a severe range, as well as each and every task, must have a little however neighborhood of individuals who does assistance those who are involved with this.
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2


I agree mostly with what is said in the article, but I don't know anything about the site they promote in the end and actually I doubt that this site can be the best place for collecting feedback about your product for example. Can't we use Google for that purpose much more effectively? But I'm far from saying that it can't be helpful at all for anyone. For example I like the idea of the "wisdom of the crowd". Indeed you can gather creative people in one place and make them work on ideas which can be really helpful for some projects.

Overall I think that community is extremely important for any crypto project. Only it should be a real community of people devoted to the project, not a bunch of bounty hunters with throwaway accounts.
copper member
Activity: 190
Merit: 1
A healthy and big community is very important for any project. A community could help to win any free listing competitions, could give a great feedback and help with the products development. It is a must for every successful ICO, because there always should be at least 15k members.
full member
Activity: 1204
Merit: 102
very important because without them, a project cannot develop. community is one of the things needed to survive when the project collapses. we take the example of ethereum, if without the support of a large community. when eth prices dropped very deep, I was sure eth would be a shit for investors and maybe the ETH would die.
newbie
Activity: 20
Merit: 0
I believe that a community is one of the most important things behind a token / coin, that is outside of the company. Of course the actual idea, the token use and the team are more important, but without anyone backing the project, it will struggle to get off the ground.

Remember most of these startups are using the ICO to build and fund their idea, if that doesn't happen then how will they create it?
copper member
Activity: 308
Merit: 1
I think why the massive drop in crypto this year was contributing by the crowd the left also, anyone keen observed will notice that the huge pump last year attracted  a large number of persons evidenced by huge number of persons in most crypto telegram group, such telegram groups have considerably dropped in number of members also, a little proof that crypto is community based 
member
Activity: 434
Merit: 10
In my opinion, the community contained in the project became one of the important aspects of the assessment before I decided to join the project. The more experience the community has, and the results of the experience are satisfying, the greater the chances for the project to achieve its success. The community will be considered qualified to be able to achieve the goals that are targeted. In addition, the crypto community will also be easier to trust to join.
member
Activity: 335
Merit: 10
The community is fundamental to a project, and it is as if the star needs fan support. With these fans, you will have the confidence and money to have a market share. The bigger the community, the more fans there are. The difference between stars, big stars and superstars is determined by the number of fans.This is the same for the project.
sr. member
Activity: 672
Merit: 250
Most Advanced Crypto Exchange on the Blockchain
The community behind a crypto project is very important because they are the brain of it and they attract us more easily this way
legendary
Activity: 1610
Merit: 1008
Most of the projects in the crypto world are supported only by their close-knit community, they can lose technologically, but at the expense of their community, they can promote their product to new markets and promote it.
newbie
Activity: 42
Merit: 0
A community is definitely one of the important things since prices of them are highly dependent on speculation and the communities perception of useful it is
member
Activity: 415
Merit: 10
Fast, Smart, Trustworthy
The community behind the cryptocurrency is very important, and now many coins are born in the forum. There is no guarantee that the forum is still great, but it is the same age as Bitcoin.
member
Activity: 364
Merit: 37
PRIVACY WITHOUT COMPROMISE
Ofcourse, if you have large community behind the project, than you`ll get more attention and more investments. I think its right
full member
Activity: 322
Merit: 100
Hello all,

I came across this article that talks about the importance of a community backing a project, how important do you think it is? Do you think they can get by through large marketing budgets instead? and do you agree with the article?

https://medium.com/crowdholding-innovation-platform/why-do-you-need-to-build-a-loyal-community-for-crypto-projects-14b9207608c2


Great article. As we all know project conducting ICO needs a supports from the community.  The help that supporter and community can provide can leads to a success, and if the project has many supporter that project will become popular, and as we all know the project that is popular can compete to market.
legendary
Activity: 1190
Merit: 1000
Look ARROUND!
The community behind the project is very important because if the community is a strong one than you can see this happening in the project too so it gets more trusted.
The community is big , the coin gets its value from the community members that are willing to make the price bigger.
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