How important is a community behind a crypto project?

[nawosecad68]

Community are the customer of this crypto projects, that is the important of a community , when there ir a crypto project being launched, the buyer and the investor are the people living in that community, they are the end user of that project being open to the public, so that is the important of that community in connection with the said crypto projects.

I agree with you. Communities typically consist of supporters and key people for project development. The bigger the community the stronger the project is to grow. In addition, the community also encourages public attention so that indirectly can make people interested to invest in the project. The more demand, the more the project develops.

[CryptoAllDay]

I believe failure lies 100% within the team itself.  Either not being prepared, not being smart enough or capable of delivering on their project, over-promising things, mishandling its community or bounties, or just plain lazy or liars.

This is why before investing in an ICO, I take a close look at the team behind it.  They could have the greatest ideas and plan in a whitepaper, but if the team doesn't seem experienced enough or capable to complete those plans then it doesn't matter.  The community is important for spreading the word and getting exposure for the project, but that's about it.

[mohitgiri1]

If you see the larger picture , Community is cryptocurrency, community is using it that why it have some value , Every project needs a loyal and educated community , if anybody spreading FUD about project , they should know the truth and correct the other person too , Lambo Moon kinda community is bad for any project , educated and loyal members are requirement of every project

[sehoon]

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

The logic is even though you have a good team and project development if you are bad in advertising it and the community can't reach it, your project is useless because no one is supporting it. And yes, you need a loyal community for your crypto projects in order to have a constant support.

[ndico]

community is everything in any crypto project, the community determine the success of any project or the failure of the project. when the community are happy and in support of the projects, the project will become a success but if the community is not happy about the project, they will say things that will make other not to invest

[Menawi12]

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 think community is important thing in cryptoworld. Crypto adoption still running in progres and Crypto depending on community trust. But on other side, the dev team should solid and deliver their own roadmap because that will gain more trust from community

[pantet]

Community is very important behind crypto project because people are the one helping and promoting a certain project to become successful. They are also the one investing and buying coins to make everyone productive.

[bundjoie02]

It's important because the project can gain trust from big time investors. But the project must be a good project or else there's no use building a community.

Yes for me Its important. They can communicate each other, and the team can talk to buy something that is interesting for everyone . You can see that how the project with big community behind it will easily spread it to the public audience.

[loragean03]

very important, because without the community that supporting the projects, that projects will supposedly fall down into zero. meaning how do projects become more successful in the future if there is no one supporting/adopting it. an active community that behind the projects can get a huge number of investors, adding a good and well working platform have, that project will become more successful in the future.

[tonyja2017]

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

That is very important for every business to survive long. Because you do not have a good team, the company will fail. You do not have reputable investors, your company will be constantly changing and never be stable. So trusting a community behind the scenes is very necessary, I always appreciate the altcoin that has that policy.

[Buntel168]

i think the community was a vital point for a crypto project, so i would say community is the most important thing besides product and marketing plan with their team + advisor itself.

[yugyug]

Community support is essential not just for moral support, marketing support,development support but to promote a good ecosystem as well. Community should be the one as the real consumer or user of the token to create more demand to the market and a good community support also develop fast and widespread recognition of the project to generate market value and a good revenue to continuing support of the project to sustain its development.

[kicauklaten]

I believe failure lies 100% within the team itself.  Either not being prepared, not being smart enough or capable of delivering on their project, over-promising things, mishandling its community or bounties, or just plain lazy or liars.

This is why before investing in an ICO, I take a close look at the team behind it.  They could have the greatest ideas and plan in a whitepaper, but if the team doesn't seem experienced enough or capable to complete those plans then it doesn't matter.  The community is important for spreading the word and getting exposure for the project, but that's about it.

in the system this is true. the team is very influential in the course of an ICO project. an experienced team will certainly produce a good job too and could certainly make interesting and successful project concept.

[bournekin]

A community is one of the crucial parts of ICO project. It may define the popularity and the success of an ICO. Even this is not the basic only one to bear it, larger community will help a project to spread more around the world. Many more people know, many more investors come, and many more the profits deal. But, it must be noted that it is the positive community that really takes place and supports the project, not the scammer community.

[sabine80]

i think a good community behind a crypto project is very important. a good coin needs an active and friendly community. the community can strengthen a coin.

[Crypto Chips]

real comminity is sign if that project have a good idea, and lets think if the project have good community so they can spread the project so easy

[0t3p0t]

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

Yeah I agree with the article because it clearly says all on how important community is in promoting the project. Community backing project I think needs only fair amount of marketing budgets. Signature campaigns and bounties, social media campaigns, and any community groups can really advertize and promote the project without spending too much money unlike spending huge amount of money through television or either on bill boards.

[traderethereum]

the community takes an important position in the projects and without the community, the project cannot spread to many people and there are only a few investors that will invest their money. so in this case, if the community has a solid team then the projects will get success in the future, and it will give impact too on the price. and with the community and the investor which come to the projects, I think the project will reach their goals one by one in the future.

[jimmyjohnjimmy]

It is extremely vital, without the community the token is doomed to fail.

[onurgozupek]

I’m in the team of a  crypto currency project and we are working to build the community. If we can’t get enough support our project won’t be able to move forward. We didn’t make ICO but if we had done, community would be more and more important. Community is the king 😀