Topic: How you can build trust in the crypto community? (Read 274 times)

it's simple, if you are a project manager and want to build trust in the community that is by proving that your project is consistent with its vision and mission, the information available on your website can be trusted by users, your project is open to the community, and your project development is clear and transparent to users.

because what the community needs for a project is how they are consistent, transparent, open, and can be trusted by the community, not just super great narratives that are promised if they are successful or how they empower the community in the future. prove from now on that your project can be trusted by the community, don't just narrate and make promises.

Isn't your token already traded on a DEX exchange? Or I see it wrong, your token is on coinmarketcap.
So actually your project has gathered trust from the community that you built yourself. then what kind of belief do you want?
nothing is easy, you have to see how Ethereum or Binance struggle and grow.

but I got strange information from your website.
you mentioned Coinmarketcap as a partner. but I see the information on coinmarketcap CGTX token is not verified. How do you actually register a partnership with CoinMarketCap?

Just keep it simple and be transparent. Observing those two is already a problem half solved. Don't over promise in order to get up your subscriber base. Whatever you promise you would do, whether here or on your website, be sure to keep it. Not keeping promises is a surest way of speeding up loss of confidence in projects/people.

Of course, it can. Though I've yet to check your project out, I do believe that your desire for feedback from this community is a good one. However, know that you're going to get criticism of the type you may not have thought of. Just keep going, provided you're on the right track, all will fall into places for you.

I try to give my opinion and of course from everything I have read above, there is always transparency of course and I think you should look for someone who understands the most in navigating the project other than you and has educational language skills so that an active forum or communication channel is built so that it will be successful. It's easy to interact with users by involving the community in various Cogitex events that you have discussed. Apart from that, try to continue to innovate in improving security, scalability and user interface.

First of all you are welcome and well done for bringing a project to the forum for the awareness of all and probably for use to use. But at first you would have included the website link in the Op for easy assess. Well I browsed the internet through google search and found the website though there are other related information are there but I was able to detect the original website or yours because your's is talking about cryptocurrency and Blockchain.

To create trust to the project is not really hard and all depends on your, who is the developer of the token. First of all you have to create or develop the project independent as a decentralized system and with that, it will be out of third party control and also create a particular special Blockchain network and not to attach yourself to another Blockchain so that there will be no ordinals disturbance and if the Blockchain which attached yourself collapsed it will not affect your network and transaction but you have already fail that one because you already attached yourself to Binance Smart Chain. And anything that happens to Binance Smart Chain network will also affects you. Now your transaction fee most be very low so that business can accept your token in their business and also for the individual who will use it to buy things will will be very happy to use it because the tx fee is very low.

And finally there is no clear cut definition of the "USES" of the token in the whitepaper. The whitepaper did not specify how the token is going to be used. Like bitcoin specify that I t is going to be p2p. And that is how everyone is using but yours is no specification. So far so good from the research I have made, I will not give a pass mark and will not trust your token yet until I see the independent and the mean of uses of the token.

The only trust that exists here in in yourself because cryptocurrency itself istrusless, and unless it follows the concessuceship it doesn't make valid verifiable point, so as long as you have this understanding in place, you will not be making any posible mistakes that can lead to loses for you in the long run, this is because at that point you already risking it.

So first once you mentained a high privacy and try to go legit by not being too greedy, on the long run, you become familiar with you cryptocurrency community being able to attract with one another and also making sure that you are not greedy and be legit yourself.

This way you can easily build your trust portfolio and manage any risks that you think you can manage at that point in time.

Well building trust from the community is not easy but start by being transparent and legit. If someone asked questions then feel free to answer it without any restrictions. Also its quite okay if you will not be an anon on your project. People now invest in People that they can see your face or social profile.

Btw whats the nature or purpose of your platform?

Everything is based on trust, Initially, the product must be functional and function correctly. Yes, I agree that no one canceled early access, but all points from the roadmap must be completed on time. If you feed them with promises, you will immediately ruin your trust, because there are a lot of people like you. What is important for people is that they are investing in a working project that will not close in the near future.

It's a pity that genuine new projects can get affected by this. But it's best to not judge a new project easily and before we do that, make sure first to make a research. There are still old projects that are not performing well and can remain like this, despite being legit. So, we should not be bias and blame only one side of the coin.

Even if all the positive criteria are met up, it is indeed that trust won't still be attained easily because how many times we witnessed a project that start really well and turned bad later on? Some don't have the intention to scam at the beginning but money changes everything or everyone as they say.

Well, to be honest, at least you gave up on your initial (apparently stupid) idea of building robots to colonize Mars. I call that progress! 

Now it's time to take a step back and come up with an idea grounded in reality that you can actually pull off and  no need to try to run a marathon before you can walk.  Just start small with something manageable and work your way up from there.

I second that. These kinds of practices usually indicate that a project isn't serious and is only trying to lure people in and scam them. I've seen a lot of non-serious and scam projects having the names of very famous projects and companies on the Partners page only to win the trust of people and make them think that they are a serious project with a lot of connections and partnerships in the industry while that is a complete lie and deception and they have none of those companies and projects as their partners.

This tactic is used because the creators of such projects understand that newbies and those who haven't been around the industry for long will think that the project is a great and trusted one. After all, it has a lot of great partnerships and they can't be a scam if they have so many big names on their website.

Dont worry about "trying" to build trust.  If you are working on a legit product or project then just let the work speak for itself.  Set deadlines and announce them when theyvare attainable and when you cant keep on schedule articulate out to the people who hold your coin/token.  Don't use pump groups and don't focus on coin price.  Keep conversations based around your project. 

Be honest to investors, to speculators, to everyone that might be interested on your project. Start with your community and be honest, like if you are having a telegram channel. Don't add fake users or bots on it, that's not going to make sense that you have a lot of numbers in members but you get rare engagement. So, I think that's a good start if you want to build your trust. Because many projects just keep on adding bots and fake users to their channel thinking that it's going to attract more investors.

In my opinion, if someone wants to create his own project and people trust him and build his trust among people heart, then my advice is that he should work hard to develop his project. Oh, and in addition to this, keep with you such people who have run projects before and have created a trust for them. These people have created their own trust in the community. If there will be a trusted person with it then people will trust this and also if it will run the project in a proper way and in a good way then it will run with a good concept then people will trust it quickly. And if it lands on their trust properly, more and more people will come.

You build trust when you make things crystal clear for the people and make it transparent as possible. Going through your whitepaper, it is nothing but just a two page summary about the project without proper indepth explanation. I'm not sure if you know the difference between a whitepaper and a litepaper, what you have on your website as whitepaper is not it, that is a litepaper with summary of your project, whitepaper tells people about your project and it build more trust on the project.


This is your project smart contract, the last time it was used was 41 days ago, seems people didn't turnout on the token sale. If you did crowdfunding and softcap wasn't reach, you don't have to force the project to go live, you should have build and improve the product to gain more venture capitals attention to your project but the project was rush and now the few people that invested has left.

In addition, I can't find the team or anything related to the team behind the project. People around the project i nfluence the growth of the project. If today Vitalik tweet about your project, trust me it will gain some ROI pretty fast in 24 hours, that is how influence and trust are build by the team, I hope you work on these problems.

I can't speak for all folks, but I'll share some thoughts on building trust in crypto and what ya can do to earn it. 

Trust is key for crypto long-term, even if cryptocurrencies themselves don't rely on trust.  Still, there are things we can do to build trust between everyone involved.

One big one - be open and transparent about everything you do and  share loads of info with people - roadmaps bug bounties, audits, etc.  Also, listen to feedback and address worries fast.  Do that stuff and itll go a long way in getting the community's trust.  But even then ya gotta keep working at it, being dependable and reliable over time before folks fully trust ya.  It's a process, but an important one if we want crypto to succeed.

I'm sure others have ideas too, but thats my two cents on starting to build trust in this space.

Trust takes time and it is not something you can gain just from one post

If you present with good potential backed up with good performance and a team that is loyal, devoted, and skilled then the people can appreciate your project and therefore trust will be gained it would also help if you have clear motivations and good communication with what your clients want and need

It is an on-going process trust can not be easily built but it can be destroyed very easily so you have to make sure to keep maintaining the performance you have or even develop it further

I don't see any link to your website in your post.  after searching the name, I found Cogitex.org I assume it is your website. if yes then My advice to gain community trust are:

1: Stop doing a Direct ICO, instead Run an IDO in a trusted exchange or launchpad.
2: If the partners listed their are real. then get verification posts from them in Twitter and Link them with their logos in the website (I don't think they are actual partners as @Adigvcdh said which make it misleading to the community. stop that . and get actual partners. it is not hard and will increase your trust a lot)
3: Add team details in your website, who is working behind this project.
4: Don't try to scam people.

The crypto community needs to have a solid source and report only what is right and true because that's what most people wanted and they should also have some people who will share some decent knowledge and contributions about tips and instructions for newbies and also for veteran investors. In the past, they even used the money to promote their community and also they were willing to pay every participant to visit and stay in their community for a while but this is not the right thing to do because of AI nowadays, surely you will gonna end up just paying a few persons while they are just simply using bots. At the end of the day, you should just have some real offer and make it real for the future until you guys earn the right recognitions after that, everything will be easy because you already built some trust from the people of your crypto community.

Honestly, with the number of scam projects flooding the market, it was hard for the community to trust new projects because most of the assumptions based on their experience as well, are mostly scams. If you think OP that your project will easily get the trust of the community, that is uncertain unless your team and the project have the following things;
 - use case
 - transparency
 - consistency

But just like others said, trust builds gradually but also it fails when the community never sees any potential in the project.
Be patient, as long as your intention is good and will help the crypto community grow, the time will come.

Trust is built up over years, but lost in a matter of moments. Be prepared to spend a lot of time earning that trust from the community, but also be prepared to walk the fine line between serving your clients' interests and your own.

The simplest (but at the same time difficult) rule when working with any community is to be honest and provide the services offered to the fullest and even more. Also, make sure that support is provided to users in a timely manner and without major delays.

There is no need for haste here. You will gradually gain the trust of the community if you are a respectable service provider.

Everyone starts with such loud statements and ends with equally loud failures. Set tasks for yourself that are simpler and easier. This is not 2017 for people to fall for nothing but empty statements about the boundless prospects of the project.

Not an expert here, but one thing's for sure. Building trust will take time and of course MONEY!!!!!!!!

Continuing to build, continuing to add new features to your project, use-case itself, how beneficial it will be for us investors, transparency. Other users here can share their opinions on how to build their trust, but one thing that you must have as a developer is patience. Patience to wait for the project to become successful. I will not judge the project itself because I have this quote that I always hear from different people online, and it says "A project isn't a scam until it becomes one." I will not say that your project is a scam, but will I touch or buy the token?

Well, the token has a price already, and it seems that the project has been running for quite some time already. Like what you said on your website, "you are continuing to develop". Focus on that one, and if investors sees that you're project has this "unique feature" that no other project has, maybe there's a chance that investors will be interested into it thus, they might support your project as well.

Whenever I want to check whether an alternative coin is trustworthy or not, the first thing I look at if the distribution or their tokens and whether the developers have got theirs time locked or they could dump them into the market whenever they please. I also try to check whether their whitepaper is original or actually tackles a relevant problem within the space which has not been solved by other coins yet.
In the end, trust is a matter of transparency, making sure people can verify as much as they please about the coin and their creators.

I have seen projects which had creators willing to put their personal information out there in the internet, for anyone to check their background, for the sake of earning some trust for the project. It is something radical, which not all developers are willing to do, though I do not think it is absolutely necessary to do it, if there is enough transparency in other branches about the coin.

Trust can be built in a matter of time.
Just like in personal relationships, building trust in business requires ongoing communication and engagement and most especially should provide transparent information and be open about your steps toward making progress.

It should also be timely support, it must provide efficient and timely customer support to address user queries and concerns.
A responsive support team can significantly enhance user trust.

I think this is the most important of all, it's open-source code.
If applicable, consider open-sourcing parts of your project's code because this demonstrates transparency and allows the community to verify the security of your system.

If this wasn't obvious yet: maybe show us a product? Your website is pretty much an advertisement for a token, not a product. You even have a "buy token" button on the top right of your header, instead of the usual "launch app" button.

Also:

• Not only that you don't have a product, but you don't even have a decent definition for your product
• Your "whitepaper" links to a token overview page lmao
• You have a freakin token chart and swap integration on your website

I don't even know why I'm wasting time answering you here. I don't see how your token isn't a scam.

It is very simple IMHO although I don't have any projects that I need to build its trust and it's different from the actual person like you that actually builds it than someone who is just giving some theories and opinions.

But since you've asked for our opinions, with what I've said for being simple is that you need to be transparent and that's all.

Transparent in all aspects of the project, codes, funding, marketing, and all of the concerns that will be asked to you, to be answered with transparency.

Trust is something very fragile, and It takes a lot of time, commitment, and resources to build it but just seconds to ruin it. Crypto is mostly about transparency, without it, then you will have veruy hard time building trust here.

Make sure you are honest and transparent about anything about your project.

Also ensure you have proper customer support that is very helpful to clients.

Well you still didn't remove them. But what exactly is the "trust" you are wishing to get? That you don't exit scam or that people would be confident enough to buy your token?

In case it's the latter: people don't buy tokens just because they trust you. If your token isn't offering anything new, and it's a generic token why would the trust even matter?
Your web page tries to sell it as becoming part of the innovation, but where's the innovation? It's not in your white paper. It doesn't have any development progress. It just has a roadmap that promises to release a detailed whitepaper, and some generic promises about adoption and holder growth. So have you asked yourself why would anyone be interested about this. Because people can just do their own generic tokens if they need to.

Trust can be only achieved within time. Meanwhile, you have to develop your project, share its concept, functionalities, characteristics, features, objectives, practical applications to real life problems and every differences it has compared to other crypto projects which make yours unique, original and necessary for potential adopters. If you are able to do this, you will achieve the reputation you are looking for after a while.

Of course, marketing is also a must in this digital world. Consider investing some money to promote your project through virtual campaigns and ads. However, make sure it's really going to worth the investment. If it's just another useless token, there is no reason to promote it to the community.

Okay, any other tips?

Took a quick look at your website: probably stop being misleading?

"Our Partners & Platform: Pancakeswap, DexView, DexTools, CoinMarket". Calling these platforms "partners" is like me saying that I'm partnered with Ethereum just because I made a transaction using their blockchain, and that I'm a partner of Kleenex just because I use their tissues to wipe my ass.

Hi everyone.

I'm the creator of Cogitex, and I'm reaching out to you with questions to better understand what matters to people.

How can you build trust in the crypto community, and what do you think Cogitex can do to earn your trust?

I'm ready to hear from each and every one of you. Share your experiences and ideas. Do you think the development of Cogitex and cryptocurrencies in general can be improved?