Innovation is key, but good community is more important. - page 2.

nikki4

full member

Activity: 496

Merit: 100

Quote from: Ifemini on March 27, 2020, 07:10:41 PM

If we cite few examples, i want to believe that you all agree with me that Binance is the new face of crypto currency exchange leading from every front ?

Do you also agree that, binance features were not always the first of all, for example, exrates added fiat crypto gateway to their exchange platform 2 years ago without much usage or acceptance. t.me/exratesme/411

Now fast forward 2 years, and binance adds Nigerian Naira gateway via flutterwave, and it shook the whole crypto sphere as a completely new innovation. And binance has proceeded to add over 10 fiat gateways to their exchange platform

Core lesson to developers is to always boost their communities and remain relevant, that way people get to use and explore the benefits from their innovation.

NB:
You can also contribute more to the thread,
i used binance and exrates as a case study to further emphasize my points, no discrimination at all.
Always DYOR.

Every work done Binance really helpful for the whole cryptocurrency. Recently Binance confirm about South Africa fiat currency is changeable with cryptocurrency by bank. Binance innovation is really cool, they has good exchange but now Binance coin and Binance USD.

joybella

jr. member

Activity: 370

Merit: 1

Community is the determining key fa tor to the success and f any cryptocurrency project. If you develop a cure for covid-19 without the required community to shill it to o the world, your discovery won't be meaningful.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Obviously community is more important, not just exchanges but projects as well. Lets assume there is one dude who has no money but amazing development skills and a great idea, and there is this guy who has a horrible idea, has no idea how to code but a million dollars. Who do you think will build the best project? Does anyone really think that developers project will be more successful? There is no chance that happens unless he goes viral.

The millionaire will have the more successful project because he will spend his million dollars on marketing, developers, designers, community building, bounties, and many other stuff and even though he has a worse product a lot of people will join in because there will be a lot of people who promote it. That is how it all works.

htsy585

full member

Activity: 573

Merit: 102

Quote from: Ifemini on March 27, 2020, 07:10:41 PM

If we cite few examples, i want to believe that you all agree with me that Binance is the new face of crypto currency exchange leading from every front ?

You are very much correct, binance is not the pioneer of most of their intuitive features but the relevance, constant innovations and a strong community behind the exchange has paved a smooth path for the exchange.
I remember vividly how LATOKEN exchange stated IEO launchpad, it was their main usecase to come up with a more appealing way to enable startup project raised required fund but binance became the giant player after launching it's IEO launchpad for bittorent tokensale. Community and trust goes a long way in this space

Samayuki

member

Activity: 574

Merit: 24

All I can see here is the determination of binance team, nothing more, when you see a project either old or new that always wants to bring in new features that's the best project one can invest money on and relax, if every project has a team like binance exchange crypto would have grown higher than this current state

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

Quote from: Lizzylove1 on March 28, 2020, 09:21:11 AM

Ifemini, why do you always start a self-moderated post? Innovation a good community is a must, good innovation without a good community will be unheard and the builder will be hit by lack of fund for progressive sustenance and development. Binance keeps improving in their innovation and have got the community and these people trust binance ability to deliver and not lead them to hell.

Perhaps to ward off new accounts that spam around, once they see moderated, they look away

And i totally agree with you, just as I have stated, the Binance community trusta binance products so much, there are no doubts or guesses whenever a new feature is out

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

I have been seeing more than hundreds new platforms have created their own platform based on their innovative idea but the fact that if that doesn't even give any guarantee to the project to be a successful project. Even a bias project can do a better thing with the help from the community. I have seen so many bad projects got pumped a lot caused by its community

mahilchii

member

Activity: 560

Merit: 13

Bitcointalk is the most influential and the best crypto community in the world, I guess there are nearly 2million members in this forum also we can learn a lot about blockchains and it's a great place to interact on crypto too.

Also in this forum you have different sections to interact with from alts, speculation, the most important thing is language where you can find a lot based on the country. Well this helps a maximum number of Investors to invest in a right coin, this forum has helped many of them to become millionaire Cool

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

Ifemini, why do you always start a self-moderated post? Innovation a good community is a must, good innovation without a good community will be unheard and the builder will be hit by lack of fund for progressive sustenance and development. Binance keeps improving in their innovation and have got the community and these people trust binance ability to deliver and not lead them to hell.

disconnectme

hero member

Activity: 1876

Merit: 512

I think you get it wrong, it is not about community, it is about trust. I do not know how many people in this space trust Exrate, I have lost tokens on the platform, so with that experience I don't think I would want to use or recommend any of their services to anyone. I can assure you there is no exchange in the space that has the trust of their users like Binance because when they do anything they always try to be the best

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

Quote from: Ifemini on March 27, 2020, 07:10:41 PM

If we cite few examples, i want to believe that you all agree with me that Binance is the new face of crypto currency exchange leading from every front ?

Do you also agree that, binance features were not always the first of all, for example, exrates added fiat crypto gateway to their exchange platform 2 years ago without much usage or acceptance. t.me/exratesme/411

Now fast forward 2 years, and binance adds Nigerian Naira gateway via flutterwave, and it shook the whole crypto sphere as a completely new innovation. And binance has proceeded to add over 10 fiat gateways to their exchange platform

Core lesson to developers is to always boost their communities and remain relevant, that way people get to use and explore the benefits from their innovation.

NB:
You can also contribute more to the thread,
i used binance and exrates as a case study to further emphasize my points, no discrimination at all.
Always DYOR.

In a short addition, i would like to say Binance is in a leagues of its own. With other exchanges coming up following up their examples.

Stay safe, stay indoors.

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

If we cite few examples, i want to believe that you all agree with me that Binance is the new face of crypto currency exchange leading from every front ?

Do you also agree that, binance features were not always the first of all, for example, exrates added fiat crypto gateway to their exchange platform 2 years ago without much usage or acceptance. t.me/exratesme/411

Now fast forward 2 years, and binance adds Nigerian Naira gateway via flutterwave, and it shook the whole crypto sphere as a completely new innovation. And binance has proceeded to add over 10 fiat gateways to their exchange platform

Core lesson to developers is to always boost their communities and remain relevant, that way people get to use and explore the benefits from their innovation.

NB:
You can also contribute more to the thread,
i used binance and exrates as a case study to further emphasize my points, no discrimination at all.
Always DYOR.

Topic: Innovation is key, but good community is more important. - page 2. (Read 290 times)