Topic: How important is a community behind a crypto project? - page 18. (Read 4808 times)
There are many projects which pay some bounty for making their community and some project do not pay for making or increasing the community but they only pay for promoting their project. The second one will get a pure community because they do not impose anyone to join their chat channel or any group etc but they only spread their project and those who visit their project and find it beneficial for them join the community.
While the first one collect only those people who will come there to join the community only for the bounty.
Yes it very importan!! Because they had spread youre ICOs that how they explain the project!! And that community has a big or huge support to introduce there ICOs that they want to talk!! And discuss the project to be successful!!
An active community is a very important component of any project, the community zooms and increases the faith in the project.
It's important but I feel that only if it's a good community.
ICOs are able to grow a community by having a few airdrops, but that's not a decent community. They are simply looking to collect their tokens and do not care about the project.
ICOs are able to grow a community by having a few airdrops, but that's not a decent community. They are simply looking to collect their tokens and do not care about the project.
Community behind a crypto project is vitally important because it allows administrators, participants and the investors to discuss the project and all the related issues.
I think you require a network behind you, in light of the fact that with any new token, a lot of the ventures will be examiners that are searching for a brisk benefit and don't generally mind if the business prevails after they have sold off their token. Having a solid network secures this. Simply take a gander at DeepOnion, they have an astounding network behind them and they are solid, regardless of whether their token has a great deal of contenders.
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 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
Thanks for sharing this, it's a great point. We sometimes forget about the people behind a project (especially since everything is digital these days) and get carried away in the technicals. But the technicals only exist because of the community. Without the people, we wouldn't have a functioning coin.
A public speaking trainer once said that if you are giving a presentation on a new product, don't stand up there and yammer on about the product itself. Talk about the journey that the people went on while designing that product. In the end, the audience cares more about the people than the machine.
Of course this is important for any altcoin ,as they need to enter the market .
I think the community is very important because they helps us use all these possibilities to make our future better. All the people that work with the technical side of Bitcoin are very responsible and persistent. They all do a very useful thing.
Some general public determine a first-class visible and brimful epithet testament be exceeding persuading to development district benefit, on the other hand I determine honest counsel and updated fact are always exceeding absorbing to persuade general public that your cast arbitrariness is worth fighting for.
A community behind a project is really important and not just a community but a community who has taken risk and invested in the project.
A reliable and Active community is a must and very important for any cryptocurrency project. Without this in any way
Only 54% of all cryptocurrencies and ICOs from 2017, are still operational. Almost every second cryptocurrency project last year failed. A trend which tends to reflect, either the drawbacks of the decentralised nature of such projects, or the lack of a clear community engagement strategy.
Being able to effectively engage a community requires choosing the right marketing strategy, particularly managing the various platforms on which you are likely to communicate the developments of the project. For digital currencies, commonly used social media platforms and communication tools include Telegram, Discord, Bitcointalk, Twitter, and Reddit.
The right level of resource commitment for the engagement strategy is also an important consideration. A return on investment should not be sought immediately, as an upfront cost is generally required to create the community and generate interest in the project. Community engagement should form an integral part of a new cryptocurrency’s go-to-market plan for the following reasons:
Being able to effectively engage a community requires choosing the right marketing strategy, particularly managing the various platforms on which you are likely to communicate the developments of the project. For digital currencies, commonly used social media platforms and communication tools include Telegram, Discord, Bitcointalk, Twitter, and Reddit.
The right level of resource commitment for the engagement strategy is also an important consideration. A return on investment should not be sought immediately, as an upfront cost is generally required to create the community and generate interest in the project. Community engagement should form an integral part of a new cryptocurrency’s go-to-market plan for the following reasons:
Every cryptocurrency derives its value from the people. The more the demand comes from the people, the more the value of that coin increases. It is therefore very necessary to have a supportive community which is large enough to back a coin and trade with it.
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 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 with this article, the project needs an engaging community that will test the platform and promote the project, not just inverstors who just want to make a profit in a short term, they did not know that legit projects are more profitable in the long term, its really hard to build up a community in serious projects but the developers should also update the community constantly.
It is very important as it's something that grows with the project.
I concur with a great deal of things composed on the article, and I additionally feel that a decent network is pivotal for the eventual fate of a task. To begin with, each financial specialist will most certainly observe what the network of the task is saying in regards to it. On the off chance that they are not faithful, and are not extremely content with it, at that point it will presumably be hard for any financial specialist to enter the market. Likewise, a great network could help advance the task in the event that they are extremely dedicated to it. I know this will be an awful case, yet simply perceive how ponzi plans function. They are useless without their locale advancing it. At long last a devoted network, that has faith in the undertaking will undoubtedly hold their coins, shares, wtv, when things turn sour, since they trust in it, and that is presumably sufficient to bring any task from it's fiery remains. For example, I believe it's unthinkable for bitcoin to ever go to 0, since it's work with a network of solid supporters, so if it's value drops, they will simply purchase more, since they trust in the venture.
cryptoucurrency will die without community, for coins with their own network, there should be miners, traders and users. for tokens they should have holders. Bounty participants are community based of a token. It is a big mistake when a developers not pay the bounty participants. The coins will be nothing in the market without community. the more community members the better the coin. I give example of coin with little community. Look at ATS ( authorship), the price is nothing in the market it is only worth 0.00000913 ETH, it is under ICO price. The investors will sell the coins at low price too.
Populous with huge bounty participants have higher price than other tokens. first time I think few bounty holders will sell at low price but not long. When the trade volume high , it will attract new traders to join instead low volume trading coins.
Populous with huge bounty participants have higher price than other tokens. first time I think few bounty holders will sell at low price but not long. When the trade volume high , it will attract new traders to join instead low volume trading coins.
Before analysing a project, i always see how large the community of project is. If large, it mean the project is well-knowed. Therefore it has a good chance to be successful.
exactly,
because community is a group of people who always support the project,,
huge community behind the project will be very important for the project in the future
regards
The community or the team behind the cryptocurrency projects is one of the most important factors that let the whole team function if the team contains members that are aware of the current market position and white the product will fit the market needs they will possibly succeed
Crypto community has a big rule in a crypto project they are the one who supports.Your community are the building blocks for your business. By making organic, wholesome relationships, you can turn your community into life long customers. Jump to: