Importance of social media channels

[Blitzboy]

I mean it's a good tool but people rely too much on these social media channels only.  It's definitely useful to know what's going on day in day out but it can skew you the wrong way too.  I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in.  Huge opportunity loss once that coin pumped.

social media channels are indispensable for crypto projects. They are essential tools for building a brand, fostering a community, and staying connected with the ever-evolving cryptocurrency ecosystem. However, it's crucial for crypto projects to approach social media with authenticity, transparency, and a commitment to providing value to their audience, rather than simply using it as a promotional platform.

Social media posts are no longer limited to pet videos and birthday greetings. Its a means for crypto initiatives to stay in touch with their group, monitor the market, and most importantly, connect with potential investors and collaborators. How about authenticity? The gold standard. Anyone can shout from the digital rooftops, but actual connections, real-time feedback loops, and honest reporting distinguish the good ones. This phrase should be adopted by many crypto projects. We should fight for actual relationships, not ads.

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[Fredomago]

I mean it's a good tool but people rely too much on these social media channels only.  It's definitely useful to know what's going on day in day out but it can skew you the wrong way too.  I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in.  Huge opportunity loss once that coin pumped.

social media channels are indispensable for crypto projects. They are essential tools for building a brand, fostering a community, and staying connected with the ever-evolving cryptocurrency ecosystem. However, it's crucial for crypto projects to approach social media with authenticity, transparency, and a commitment to providing value to their audience, rather than simply using it as a promotional platform.

The actual interaction is very crucial in terms of promoting and advertising your project as most of the time SocMed uses as venue to communcate with the team, without any updates or any response it can also use as lapses to your project, though in the other side, if the team continue to update and continue to earn traffics and visits, they can convert it to potential support and investment.

[Sophokles]

I mean it's a good tool but people rely too much on these social media channels only.  It's definitely useful to know what's going on day in day out but it can skew you the wrong way too.  I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in.  Huge opportunity loss once that coin pumped.

social media channels are indispensable for crypto projects. They are essential tools for building a brand, fostering a community, and staying connected with the ever-evolving cryptocurrency ecosystem. However, it's crucial for crypto projects to approach social media with authenticity, transparency, and a commitment to providing value to their audience, rather than simply using it as a promotional platform.

Most importantly, they are essential for brand promotion and marketing. You have an incredible idea, but if you can't reach out to its potential consumers, then your idea is worth nothing. Your consumer needs to be updated about your project's development, future plans, partnerships, and everything else that is happening. Social media provides the most convenient way for that.

[Biznesmen]

It's very important to have connection with all the possible social media accounts if you are investing in a project for getting update and announcement. However, I doubt many investors use social media. Also, all these updates are available in all the coin tracking websites. I think most people just keep tracking information from such sites.

Crypto channels for crypto information are tied to and study minute crypto marketplaces. They provide an in-depth examination of crypto trading. Both experienced traders and those just getting started in trading can benefit from the regular updates. And those who are establishing a trading community that can prosper through successful trade collaboration However, the majority of users abuse these networks to scam people and earn money. Genuine platforms are accessible to those who can put their trust in them, but it's important to be careful of fraudulent individuals who may provide misinformation or make false promises. Therefore, please avoid paying anyone to help you trade cryptocurrency and instead rely mostly on websites that offer live trading analysis.

[yazher]

I mean it's a good tool but people rely too much on these social media channels only.  It's definitely useful to know what's going on day in day out but it can skew you the wrong way too.  I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in.  Huge opportunity loss once that coin pumped.

Most likely when the manager cannot handle well their members, investors always find it as a red flag and will never make it a good reason to invest in such a project. because it should always be normal to consider we have a friendly social media manager before even starting research about the project we are about to invest in. After we have someone who can easily answer our questions, we can proceed to research the project and know the team behind it.

[Fuso.hp]

Can be associated with some important social accounts. It is better to connect with all those social accounts from which important information can be known. If you are a bounty hunter and you are working on different projects then you must join Telegram group of different managers. By joining Telegram groups of different managers, you can know through that Telegram group when a project will be distributed or when you need to create an account or how to do your account KYC verification. All these groups should be joined by every member just to know. But there are some social groups in which you will never know anything good by joining them, in my opinion it is better not to join them.

[Fredomago]

I mean it's a good tool but people rely too much on these social media channels only.  It's definitely useful to know what's going on day in day out but it can skew you the wrong way too.  I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in.  Huge opportunity loss once that coin pumped.

Most likely when the manager cannot handle well their members, investors always find it as a red flag and will never make it a good reason to invest in such a project. because it should always be normal to consider we have a friendly social media manager before even starting research about the project we are about to invest in. After we have someone who can easily answer our questions, we can proceed to research the project and know the team behind it.

Yup, managers and developers needs to work alongside with their investors without proper communication the project might seems like a scam and investors will not be interested, social media channles are one of the venue where investors can reach to the developers and the team behind the project, if they can get some updates and news from the team investors will be glad to continue following and supporting the project, and possible to bring more people to invest with the project.

[Mehedi72]

added one more really maddening things is that sometime the swap require one to pay taxes in which gonna reduce the rewards significantly sometime the taxes was about 50% which is quite ridiculous enough

i didn’t experience such fee till now that is required by team. Because of bear run is underway, i didn’t take part in any project for long. Maybe meanwhile some team members start applying this trick with bounty hunters to fall them into trouble by not giving them their reward they deserved. If so, then that will be very injustice, even asking half fee from whole asset, is so inhumane. Legit project will never do that for sake of their reputation

[Jonyshake71]

Not only Token swap, Smart contract swap or bounty update but also project partnership, news of their project developments, exchange listing, giveaway, liquidation and staking offers as well as so much things they usually share on theres social media channels. Even this year lots of news which cause the project pump or dump In upcoming days. So if you are a investor of a project, it is very important to check those social channels. That will bring many opportunities