3 Ways to Grow Your Cryptocurrency Community

Cryptocurrency is a new and exciting market where there are many opportunities for growth, but that growth all stems from the strength of the community surrounding the project. Luckily, there are 3 methods that you can use to grow your cryptocurrency community: Airdrops, Faucets, and Bounty Rewards. We'll discuss what they are, how they work, and how you can run them.

Airdrops

An airdrop is a marketing technique that distributes a blockchain project's tokens to the wallets of other users who are typically already involved with the crypto universe. Cryptocurrency projects often choose this method because it is an efficient way for them to get coins into people’s hands who are familiar with the industry and tap into a preexisting community in order to create a new one centered around the new project. By tapping into a preexisting group, awareness exponentially increases about the new product. For instance, a new token may choose to airdrop to a user who has 20 bitcoins in order to engage that community. Airdrops can also occur by dispensing tokens to people who complete a simple task or are preexisting token holders.

Bounties

A bounty program rewards users for accomplishing specific tasks that are needed for the launch of a new cryptocurrency. Tasks can range from joining a Telegram group to rewarding a coder for fixing bugs within a project. For example, in order to get free tokens from Cryptopia you have to join their Telegram channel and fill out a short Google form. A bounty program is a great way to incentivize people and create a sense of community and ownership within the project.

Faucets

Faucets are websites you have to visit periodically in order to receive tiny amounts of crypto. Some require users to repeatedly execute small tasks in order to be rewarded at different intervals throughout the day. Typically, faucet websites also reward users for the length of time they spend on the site as they are used to increase a token's SEO and popularity within the crypto community. Much like a slow dripping faucet, users should expect to receive tokens slowly rather than all at once.

So now that you’ve learned 3 easy ways to grow your crypto community, you’re ready to change the world through the blockchain. If you’d like to chat about your project and the best way to structure your marketing plan, we’re more than happy to chat. Click HERE to shoot us a message and we’ll get a free one-hour consultation on the books.

Happy orbiting!

-The KCCC Team