How important is a community behind a crypto project?

[ugocrypto]

It is vital as the price of the token will move up and down. Speculators will leave the project as soon as they see the price moving around. The community will stick with the project as they believe in the team, project / platform and that is so valuable.

[lolxxxx]

Community is very important for a project if the community is according to the needs and requirements then it will give a great exposure otherwise the project may fail.

[AleksBBB]

It's really important i suppose. Great supporter will make the project success because all of them are interesting.

[Xising]

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 it is very important since this market is not governed and controlled by the usual "reserve" means of holding value. The support it gets would be the measurement if one project would prosper or not. Because the more support it gets, the better chances it would have to break through the very much saturated market and would signal for it to gain more and more value. Basically, as it gets more support, its usage rate would most likely get up as well, therefore, supporting its continued rise.

[castellodocet]

I agree with the article, content is king and the community is the queen of the project. A healthy community is crucial for the acknowledgement of the project and its credibility among its clients

[masterzino]

Well, community is really important. Good community is a sign of a good ICO. Community is first that is going to give signs is something is changed for bad.

[Muslimin mj]

articles that are good for achieving success in marketing, communication is a tool to promote a product, both services and goods, as well as cryptocurrency, such as this forum where we share information, community as well as a tool to support marketing. I strongly agree with the explanation in the article.

[Norihiro]

It's like 20-30% of it, if not more. If the community is weak - the first crysis point will crush down this coin or project.

[creeps]

It is one of the most important factors and that is why many ICOs have campaigns here in the forum to make sure that the community remains engaged and active in telegram and after

It's very important because this is one of the requirements for you to get listed on the big exchanges. Also the community will be the one to support your project in the first place. Have a good community so many investors will come and your project will succeed.

[Lpim01]

Community engagement and their participation are a huge factors affecting ICO results. If the community won't have find out that it could contribute good things for them, definitely they won't make some involvement to that certain project and it possible that it won't succeed.

[engrshu]

Without the hype of the community, the price of the said coin will become stagnant. If there's no interaction in the market then the project will not succeed. The support of the community is reaponsible for the success of a project.

[belalangsembah]

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

Community is great on every market. Because the more adopted wins at the end. Even if there is something that have high technology than a coin that is widely adopted, the community will outweigh that technology. In my own opinion though.

Without community, the project proponents are very weak. Great supporters will make this project a success because it's all interesting. I will agree with others who say that community is very important. Community is proof of project to attract people behind the project

[firstsnow839]

In trading, if many people invest in a currency or a token, then capitalization and price increase, otherwise, everything decreases. So is in the crypt, because each participant is really important.

[jayco25]

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

 Its really big contribution of the community to all ICO. They help promoting about the product and services offer and help to vote for exchange listing. Community also is one reason of the success of the project. Some exchanges also have a criteria like good community relationship between Team and Big community.


#Support Vanig

[pelipurlara]

of course the community is very important in a crypto project or ico. like we are here as the largest bitcoin committees ever.
there is a lot of discussion material we can do for innovation or change that leads to growth.
I think you should try to memeperdalam your insight related to crypto

Community is proof of project to attract people behind the project. Without community, the project proponents are very weak. Great supporters will make this project a success because it's all interesting. I will agree with others who say that community is very important

[phuongnguyen.mm.211]

I think the community behind the encryption project is critical, it can provide all the help needed for the project, and it can also help project members to solve problems.

[Raiden0729]

Community engagement plays a big role in the whole process of the project. Whenever I choose a bounty or a project to invest in, I look first on how active the community is, active community reflects that the project is valuable and has a quality to become a successful crypto in the near future with real life purpose. Come to think of this analogy

Many investors/ Gain a lot of fame = Price increases
No supporters / Stays in shadow = Price fluctuates

[katelynsk]

It is really important, however, not everything is so simple here.

A project without community support can be really promising, but poorly advertised or unclearly presented. These shortcomings can be solved over time in the process of obtaining investments, conducting an advertising campaign, finalizing the whitepaper. If the team has focused on working with investors and advisors instead of community, they have chances. In fact, not all investors look at community support first.

And vice versa. A project that enjoys great interest and trust in society can be a complete failure or fraud. Not always the community is ready to understand all the technical and economic details, assess the risks and success of implementation.

Thus, speaking of community support, it is good, but not enough, if it is present. And this is bad, although not necessarily critical, if it is absent.

[laelyy212]

I think the community behind the encryption project is critical, it can provide all the help needed for the project, and it can also help project members to solve problems.

[sammyj]

The community behind a project determines the amount of success the project will achieve. They contribute financially and help the project during beta testing