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Author Topic: How important is a community behind a crypto project?  (Read 4710 times)
Hammonds
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July 25, 2018, 04:35:52 AM
 #521

That community can be said to be a complementary need in Cryptocurrency, because if a company or Cryptocurrency without the community is difficult to grow.

Do you know why TRON can go up once his price?
Because TRON has a large community throughout the world.
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Katya91a
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July 25, 2018, 04:43:49 AM
 #522

The future success of this coin directly depends on the community behind the crypto project. A bad project has no future
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July 25, 2018, 04:57:01 AM
 #523

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 community is important because the number of people in the community will reflect on the project and it will determine on how many supporters you have for your own project.

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July 25, 2018, 11:58:02 AM
 #524

Very important.
Community as the main heart of a project, without a project community will not grow rapidly. Community also have an important role in a project, they are disseminating information that is meritorious to the project.
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July 25, 2018, 12:43:07 PM
 #525

Of course it's incredibly important. I think that you need to immediately look at the bounty managers and those who are working on the project, because this obviously depends on the quality
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July 25, 2018, 12:59:49 PM
 #526

First of all, the team is important, it depends on it how it will present the project to the community and how the community will perceive the project. If the community likes the project, there will be a lot of hype that investors love so much.
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July 25, 2018, 01:49:18 PM
 #527

I agree! Having a great and loyal community is a must to back the strong team behind that project. An engaging community can help the team deliver and achieve their goals
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July 25, 2018, 01:53:21 PM
 #528

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

It is one of the biggest aspects which makes a project successful. A community generates demand for a crypto which determines its market value such that if it is more in demand, the market value will be bigger. A community of users is the foundation of a crypto project in the market. It influences the market price of the cryptos to be simple.

hashshashin
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July 25, 2018, 01:54:23 PM
 #529

We can say that the community is one of the main factors influencing the development of the project and that investors pay attention to before investing in this project. It is logical that if the project is bad or questionable, no one will support it.


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ARROUND









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genset88
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July 25, 2018, 01:57:02 PM
 #530

The community plays a very important role in the development of the project. You just need to look at the way the developers team interacts with the members, you will see their passion, prestige and enthusiasm for the project. Bitcoin never die because it have a huge community.

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July 25, 2018, 02:27:52 PM
 #531

Content is king, community is queen.
I like this word
If there is no community there will be no communication and it is very chatal for a project, and the most important is the community for me, because I can know more about what is being addressed and expected.
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July 25, 2018, 03:06:55 PM
 #532

The community is very important, but not every community is equally important. If the community is dead, and the people entering it are bots or simply subscribed to it, for the airdrop. Only administrator writes messages, but there is no live communication. Or, users ask questions, but nobody answers them. Such a community is not an indicator of a good project.
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July 25, 2018, 06:49:54 PM
 #533

Think it's overrated, I see so many ICOs with huge numbers but very little activity. You need to build an amazing community that believes in more than just the price of the token, but believes in the idea behind it.
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July 25, 2018, 07:48:31 PM
 #534

Community is very important because without it even the best project will not be needed to anyone.
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July 25, 2018, 08:05:00 PM
 #535

The success of the project depends much on the supporting community behind. A project will not reach it`s true potential if the community is not growing with it. Involvement of the community is also important as they can help with some ideas but also to feel that they are part of the project ( idea ) coming true.
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July 25, 2018, 08:07:04 PM
 #536

In my opinion it is very important. A good community supports the project and promotes it, if it is legit and the team is working hard on it.
On the other hand a community can also destroy a project, once it feels the developers are either too greedy or don't keep word on their deadlines.
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July 25, 2018, 08:41:35 PM
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 #537

Carefully examine the team and if you are satisfied with the project, but there are insoluble doubts about the team, I recommend not to work with this project.

1. Look at the profiles in social networks
 It is important to have links to social networks on the landing page in the section with the team, it is highly desirable that it be LinkedIn. Go to their profiles, look at the posts, the number of friends, photos, experience, do the profiles look real?

Now there is a lot of ICO, which offer various KYC services in the crypto industry, but so far a stable group of leaders has not been formed.

2. Make a search on photos in Google

Download team photos and search for pictures in Google. The scammers have such a common practice: adding fictional characters to the team section, they use presentable photos of third parties from the search or photo banks. Investigating ICO projects, I periodically finish work on this point ahead of time.

3. Talk to the team directly

If you have any questions about the ICO project, I recommend not to ask them in General channels, like telegram chats, there are special community managers who have a list of pre-prepared and extremely vague answers.

Better write to a team member who is directly related to the question. You will get a more authentic answer and once again check the adequacy of the team.

4. Look at the size of the command

Periodically I meet projects that collect tens and hundreds of millions of dollars, and in the team there are only five people: a couple of managers, a couple of technical specialists and that's all. Invest in such projects with care.

Even if these people are incredibly talented, and the idea is interesting, they simply can not physically create a working and successful project. They need marketing, PR, designers, lawyers, accountants, community managers, analysts, project managers.

Small teams are quite acceptable, but only for projects with small budgets.

5. How does the interaction take place within the team?

See how they work together, where they are physically in relation to each other. If everyone is in different cities and working remotely, then the project may have problems due to lack of communication. The ICO has a better chance of success during and after the ICO if most members work from the same city or office.

6. Is there a team of specialists in the niche of the project?

If the niche is specific, then the team should have specialists in this area. If, for example, the project raises funds for deep-sea research, then the team should have a specialist researchers, if a crypto exchange is created, then the team should have crypto traders. Otherwise, due to the lack of knowledge of the intricacies of the niche, the project too often will face unexpected obstacles and fail.



7. Experience and results in the crypto industry

Leaders, technicians and marketers should have experience in the crypto industry. The rules of the game are very different and even successful professionals from the usual areas of the economy need time to adapt to new realities.

8. International team is a good sign

There are many projects from Eastern Europe, Asia, Africa. In countries from these regions, English is not a native language, and there may be problems with international communication, therefore, it is important that the composition were people with native English. This is especially true for marketers, PR and community managers and specialists in relations with investors.
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July 25, 2018, 08:48:25 PM
 #538

A large community is very important if a project will successfully stand out. I mean the whole world can't be wrong so if a group of people choose to support you that means the project is doing something great and that will spark the interest of other onloookers that would want to be identified with something great.
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July 25, 2018, 09:18:28 PM
 #539

In my opinion it plays a vital role because only community may pump/dump strongly a coin, or promote a project to an exchange, etc.

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July 26, 2018, 08:54:00 AM
 #540

Coins work great when a community is working upon it as community work will make the coin price to grow. In the market scenario, the community behind a crypto project helps to get the particular coin its recognition as then only lots of investors will be going to work for it and will be ready to invest for it
The effect of the coin by the community determines the failure and success of the coin as you can really see the btc eth have a strong community working for them which has really got its recognition in the market attracting more investors to it.
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