Seeking Community Insights: Building a Community Around a Blockchain Project

[UnruffledST]

I am creating a new blockchain project, I have in the past launched a failed ICO where I had not built a community around my project ( I consider this my immature days as I was less prepared) but right now I have projects revolving around the Blockchain & Cryptocurrency community 2 of them which are custom blockchains.

One of these custom blockchain projects I am wanting to release within the next month or two which I am currently coding and working on by myself and I'm eager to learn from your experiences and gather insights.

Here's what I'd like to discuss:


1. How do you successfully build a community around a blockchain project without revealing too much prematurely before building a strong enough community?
2. What steps have worked for you in fostering engagement and attracting early supporters?
3. When is the right time to start engaging with the community? Should it be during development or closer to launch?
4. How can I establish trust within the community while maintaining security?
5. What communication channels (besides Bitcointalk) have you found effective for community engagement?

[Coyster]

1. How do you successfully build a community around a blockchain project without revealing too much prematurely before building a strong enough community?

You cannot build a strong community around your project when people do not know what the project is about, you have to first of all build the project for people to see if there is an actual utility in it, and if there is people would want to use it and you can grow the community you want.

4. How can I establish trust within the community while maintaining security?

Quite a lot of people invest in new projects basically out of the hype and because they want to make money quickly, it is somewhat like gambling, they don't trust the project or believe in anything about it, they just buy many new projects and see which one yields them profit. Having said that, if you offer something unique, people might buy your idea, but whatever you want to launch should be able to service certain needs and it should be a new idea, not what many developers have tried and failed in. Prolly you might get people who would be interested.

[UnruffledST]

1. How do you successfully build a community around a blockchain project without revealing too much prematurely before building a strong enough community?

You cannot build a strong community around your project when people do not know what the project is about, you have to first of all build the project for people to see if there is an actual utility in it, and if there is people would want to use it and you can grow the community you want.

4. How can I establish trust within the community while maintaining security?

Quite a lot of people invest in new projects basically out of the hype and because they want to make money quickly, it is somewhat like gambling, they don't trust the project or believe in anything about it, they just buy many new projects and see which one yields them profit. Having said that, if you offer something unique, people might buy your idea, but whatever you want to launch should be able to service certain needs and it should be a new idea, not what many developers have tried and failed in. Prolly you might get people who would be interested.

Thank you for the response, so in general if I do not want to reveal much on my project due to its uniqueness then wait until I have a finished alpha version, got it. My project is going to be open source so in the end I do want to build trust around my project but I will have to wait until the right time to announce it.

Any tips on where I can build a audience? where can I find investors once I have my alpha ready? Any Telegram Groups that work for this as well or Discord/Reddit? Any numbers I can contact? Emails?

[hatshepsut93]

You should build the project first and then community will form on its own if the project is worthy. Otherwise, if you're building community before project, that's just a scam, you are making promises to people so that they would invest in your token, and then you fail to fulfill your promises yet take the money.

Satoshi didn't build community and ask for money to make Bitcoin. Why crypto devs think that they are better than Satoshi and ask for money for development in the form of ICO?

[UnruffledST]

You should build the project first and then community will form on its own if the project is worthy. Otherwise, if you're building community before project, that's just a scam, you are making promises to people so that they would invest in your token, and then you fail to fulfill your promises yet take the money.

Satoshi didn't build community and ask for money to make Bitcoin. Why crypto devs think that they are better than Satoshi and ask for money for development in the form of ICO?

For when my product is ready and in Alpha do you have any tips on how to build a community when the time comes to build one?

[lovesmayfamilis]

How are you going to find a community to support you if you don't advertise your project? Are there people on your team who have previously had successful projects in their history so that investors can rely on their reputation? Your website, your roadmap, and your white paper also need to be very informative, without resorting to plagiarism or corny AI phrases, to get people interested in what you have to offer.
In addition, the community often appears on social networks, but these should not be fake bots with the same advertising posts.

[Lida93]

Op you are putting the cart before the horse and that isn't the right thing to do. I'll advise you use Satoshi and bitcoin as a practical successful example for your quest.

Satoshi Nakamoto first and foremost focused on completely building his project bitcoin and didn't divert energy on building a community for a project that isn't built yet, of which after bitcoin was created it in the course of time built the community for itself that we all are members today because we saw it is worthy.

Therefore if your project is a genuine one then you should focus all your resources into bringing it to a completion and if it's worth it then a community won't be a herculean task to achieve when your project is ready, with just a simple advertisement on socials media networks.

[hugeblack]

The community usually follows a good project. If your project is good, with a revolutionary idea and solves a real problem, there will inevitably be demand. Continuous development and solving various blockchain problems will attract projects and tokens, which will create additional demand. You may have a promotion team to help increase growth in a shorter period, but usually communities Which are stimulated by things like monthly salaries, Airdrop, APY experiences rapid growth in a short period and then no one care.

[cryptoaddictchie]

4. How can I establish trust within the community while maintaining security?

Well establishing a good community is easy if you are transparent. People only want honest person to run their project. Like be vocal on such details and be friendly when they are asking more about the project details. Also having a community is a strong sense of responsibility plus they are the one who can brought the project to life and even increase its chance to progress.

[goldkingcoiner]

4. How can I establish trust within the community while maintaining security?

Well establishing a good community is easy if you are transparent. People only want honest person to run their project. Like be vocal on such details and be friendly when they are asking more about the project details. Also having a community is a strong sense of responsibility plus they are the one who can brought the project to life and even increase its chance to progress.

I agree with this.

Transparency and honesty is the only way you will gather a community for your project. Anything else will foster distrust and suspicion because we (the cryptocurrency community) have been screwed over by so many scammers and dishonest project leaders, to the point that we automatically no longer believe anything from anyone.

[Kristiyana]

4. How can I establish trust within the community while maintaining security?

Well establishing a good community is easy if you are transparent. People only want honest person to run their project. Like be vocal on such details and be friendly when they are asking more about the project details. Also having a community is a strong sense of responsibility plus they are the one who can brought the project to life and even increase its chance to progress.

I agree with this.

Transparency and honesty is the only way you will gather a community for your project. Anything else will foster distrust and suspicion because we (the cryptocurrency community) have been screwed over by so many scammers and dishonest project leaders, to the point that we automatically no longer believe anything from anyone.

Well Said man, honesty is considered very important if you want to build a community for your project. if your project is genuine why can't you bring it to completion,that's if the project is worth it, I think gathering a community for your project won't be difficult for you anymore,you can decide to do advert on social media.

[Upgrade00]

1. How do you successfully build a community around a blockchain project without revealing too much prematurely before building a strong enough community?

You can't do that. A community is a group that believes in a project and trusts what it can become giving enough time and support, if they don't really know what the project is about, they cannot trust and build it.
What you can do is build anticipation for your project.

2. What steps have worked for you in fostering engagement and attracting early supporters?

Be creative.
There are thousands of similar projects looking to build a community, you need to make yours stand out. Identify where your target audience are, catch their atention and find a way to keep it.

3. When is the right time to start engaging with the community? Should it be during development or closer to launch?

During development ideally.

4. How can I establish trust within the community while maintaining security?

Both are not mutually exclusive. You maintain trust by being transparent with your community members and having an actual product which offers value.

5. What communication channels (besides Bitcointalk) have you found effective for community engagement?

Reddit, telegram, twitter.

[UnruffledST]

I am almost getting prepared to Announce my project, with the announcement of my project will include the release of the product Alpha, upon release what is recommended? I do not have a team nor do I plan to obtain one until Alpha is released, I want to work on obtaining investments to build a team around my Alpha to prepare for Beta. Can I do a private sale? or go directly for an ICO upon Alpha Release?