What is the best crypto marketing strategy?#
Community is the heart and soul of blockchain. At its core, blockchain is pushing toward a decentralized future where governments and financial institutions have less power. With this power vacuum, the community fills the gaps. From DAOs (decentralized autonomous organizations) that are led by the community to projects that succeed due to community interest, engaging your audience is vital for success here. With this in mind, the very best crypto marketing strategy is to leverage the blockchain community. Of course, this is easier said than done. To help you in the right direction, we’ll break this down into steps:- Generate a community
- Engage across your social channels
- Find community champions
- Keep things fresh with airdrops
- Boost your reach with influencer marketing
- Break into wider news with blockchain PR
- Provide continual updates with content marketing
Generate a community
As a new brand, it’s unlikely that you’ll have a base of active supporters right from the beginning of your journey. While established companies that transition into the world of blockchain will be able to bring their audience with them, this isn’t the case for a new brand. In the world of cryptocurrency, people are fairly untrusting when it comes to new projects. Like it or not, cryptocurrency has a reputation. Back in 2017, 80% of all new ICOs conducted turned out to be scams. While these rug pull and generic scam coins aren’t quite as popular in 2022, they are defintely still present. With this precedent set by other companies in cryptocurrency, people take time to trust your brand. Getting people to trust you is one thing, getting them to actively form part of your community is another. Growing a community isn’t going to happen overnight, and you should expect impressive results right out of the gate. Generating a community is a fantastic crypto marketing strategy, but one that will take a fair amount of time to really pay off.Here are a few of the best steps to take when starting a new community
- Focus on the social side of your brand - People love getting behind a common cause. This (and tax reasons, if we’re being honest) is why companies so frequently start charity events for their consumers to participate in. While people may not be interested in a faceless cryptocurrency company, if your company is actively fighting for a social cause, people will be more inclined to get involved. Think of cryptocurrency brands like SweatCoin, which pay people for getting fit, while also allowing them to donate cryptocurrency directly to charity projects they feel passionate about. A social cause will bring people together, making this an excellent way of boosting the community-driven efforts of your company.
- Extend into a value-driven space - One way to create an active community around your brand is to create a space for people to come together. While a company blog might be great for finding new people that are interested in your content, you also need a place for them to go. Brands around the world have done this in different ways. Nike has made a running club; Uncle Ben’s has a recipe club that their product consumers can post in. Whatever you can do to actively have more people come to your brand and discuss it will go a long way. For a cryptocurrency company, a page where users can talk about investments and other crypto-related news is a great idea.
A few more:
- Focus on content marketing - Content marketing is the lifeblood of the majority of companies around the world. People aren’t going to connect with your cryptocurrency business if you’re not offering them something in return. The simplest way of doing this is to create an ongoing stream of content for your users to turn to. Offering free advice and engaging your community will do wonders. What’s more, this content can also be used for crypto SEO purposes, so it really is a win-win situation.
- Be patient - As we’ve stated, don’t expect any of these above ideas to change the face of your company overnight. Things always take time, especially in a space that’s as hostile and difficult as the crypto community.
Engage across your social channels
Community building is only the first step in the process. You need to continually communicate with your audience, across all the social channels you typically use. Most of the time, a crypto company will stick to a few core social media pages. Several years ago, Facebook banned cryptocurrency businesses from posting on their connected sites. This, overnight, changed the main crypto marketing channels that the blockchain community would use going forward. Instead of thinking about the most popular social media accounts, think about those with the largest crypto audiences. These will typically be on:- Reddit crypto subreddits
- Steemit
- YouTube
- Discord
- Telegram groups
Find community champions
One of the major benefits of developing a community in the world of cryptocurrency is that people get incredibly passionate about YM;YL topics. Healthcare, legal-related causes, and finance are areas where individuals always find passion. Anything that can directly impact the lives of people in a significant manner instantly becomes a point of interest and passion. In the world of finance, cryptocurrency has presented an incredible opportunity for people over the years to make a relatively large sum of money in a short amount of time. Due to this, promising new projects often find active communities that support them and champion them. Within cryptocurrency, if the brand succeeds, all of those investors that hold that particular cryptocurrency also succeed. With this in mind, it’s much easier to find community champions - people that actively market and fight for your company - than in other business areas. Looking inward to your own community and seeing exactly who seems to be taking on a larger role is fairly easy to do. Across sites like Facebook or Reddit, you’ll actively be able to see who is a top contributor on your community channels. From there, you can reach out to people directly about them becoming a community champion. Their main role here would be to help with the day-to-day running of the community channels, alongside promoting your cryptocurrency further. Typically, because there is already a financial motive for people to do this, as they’ve actively invested in your cryptocurrency, they’re more than happy to take on this role. In exchange for privileges like the ability to act as an admin or a moderator in these community locations, they’ll undertake the role you want.Finding passionate community champions is vital for success as they
- Promote your cryptocurrency - Community champions have a genuine passion for your brand. With this, they’ll promote your cryptocurrency and help you to grow even more. Marketing can come in many places, with a strong team of community champions being one that is often overlooked by cryptocurrency companies.
- Help to manage growing communities - As your communities grow, they will create more and more work for you to manage. By turning to community champions and allowing them power of moderation, you can cut back on the work you’ll need to undergo. With this, you can grow rapidly without putting too much pressure on your own workforce.
- Act as great points of contact - You can directly reach out to these people to discuss what’s going on in your own community, discuss trends, or plan methods of engaging the community further. As reference points that lie between your company and the community itself, they’re fantastic pools of information for you to rely on.



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