As a relatively new way of token offering, the initial DEX offering (IDO) day can be nerve-wracking for founders leading a digital token network venture. The IDO process is still maturing and will continue to evolve as the market grows.
If you’re considering launching an IDO, read on to learn what to expect during IDO day —and how to work around surprises and unexpected outcomes.
An IDO is a currency offering done through a decentralized exchange (DEX).
A DEX is a crypto exchange platform that can provide immediate token liquidity. Immediate liquidity reduces the chances of slippage and volatility.
IDO tokens get instantly listed on the decentralized exchange where they were issued. In general, IDOs are affordable and accessible. This makes it easier for small-scale projects to gain traction.
The availability of an IDO is not only a plus but also a disadvantage. It opens the possibility of scamming projects.
Wherever investors go, scammers follow. As you prepare for IDO day, keep your systems in check to prevent scammers from sabotaging your efforts.
A scammer will impersonate your IDO project and use social media platforms to advertise it. Not only can these fake accounts sabotage your IDO, but they can also damage your credibility.
Here are some ways to mitigate the risk of scammers:
• Make sure to redirect your potential investors to all your legitimate sites and social media accounts.
• Establish an official Telegram or Discord channel where you can post all official news in real-time
• Encourage your community to look out for scammers and report them.
A DEX uses smart contracts to form liquidity pools, a collection of different tokens. This makes transactions faster and more reliable. As a result, you can mint tokens instantly.
The IDO creator is responsible for developing the smart used to sell tokens. That means that the launchpad and the IDO creators collectively manage the contract.
You may hire more experienced developers to create smart contracts for you. Aside from creation, expect to conduct audits and regulatory checking.
Be sure to visit a DEX launchpad. You can choose to deploy your IDO on various platforms. Generally, your IDO will be approved once you meet consensus and whitelisting requirements.
Choosing the right platform to post your listing information can help you in the following ways:
• Boost IDO visibility
• Gain edge over other IDOs in the bull market
• Allow investors to get information on your projects and deals
• Provide retail investors or users with the best deals
The crypto community is passionate, and IDOs are a form of crowdfunding. As such, you’ll see a wide range of opinions from the people in the community.
You should be actively monitoring community sentiment and taking steps to address any legitimate concerns that you come across. Address any issues early in the process and prevent them from becoming more significant problems.
It’s important to remember that cryptocurrency markets are volatile.
You should be aware of the potential effects of sudden price changes on your offering. Make sure that your project is resilient enough to withstand these fluctuations.
Here are a few reasons why token valuation can change in an instant:
Oversubscription
The limited number of tokens can create instant price surges and declines.
Market crash
Prices might drop after an IDO because of an unexpected market crash.
Price manipulation
In a pump and dump scheme, traders use bots to buy many tokens at base value and then sell them sharply later.
One of the biggest mistakes in IDO is to launch one without having an equally strong marketing plan. You need to do more than just build something good—you need to advertise effectively as well.
Have a key opinion leader (KOL) promote your IDO. KOLs are people who have a large following and are known for their expertise. They could be bloggers, influencers or even celebrities.
In the crypto space, KOLs can be used to promote your IDO through social media channels such as Twitter, Facebook and LinkedIn.
Here at Social Staircase, we can connect you with top IDO influencers. We’ve worked with many IDOs in the past and know what it takes to create a successful campaign. If you want to attract more investors, be sure to hire an agency like ours.
Now that you know what to expect on IDO day, you should feel more prepared for whatever happens during your own token sale or an IDO by another project.
More businesses are trying to implement crypto solutions to improve their processes.
But cryptocurrency is a world of its own. It can be hard to navigate if you’re unfamiliar with the lingo and technologies.
So, where do you go if you need professional guidance on crypto? A crypto consultant can give you customized solutions to the challenges you face.
Why should crypto consulting matter?
Blockchain technology allows for a more secure and tamperproof way to conduct transactions.
Despite the advantages of blockchain technology, many are still hesitant to adopt it. An advisor helps startups build confidence in the technology.
A crypto consultant can aid businesses in a variety of ways, including:
Identify problems
Blockchain can help businesses that face many operational challenges. A consultant can help provide blockchain solutions to business owners unfamiliar with the tech.
Assess and mitigate risks
Evaluating any blockchain project’s risk is crucial to a business’s success. A consultant will also provide ways to mitigate any losses that could occur.
Discover best use cases for various industries
A crypto consultant can help you discover the best use cases for your business. They assess challenges, understand how blockchain technology can help, and determine best use.
Install solutions based on market trends
The crypto market changes by the minute. Crypto consulting can help you keep up with dynamic market trends.
Application Development
By hiring a consultant with technical skills, you can develop blockchain applications. A review of your work is necessary to prevent problems later on.
A blockchain consultant will:
• Work with and modify blockchain technologies to create better systems.
• Test new applications to see if they can improve your processes.
• Keep the systems you have working smoothly with other applications.
• Keep track of existing solutions as well as develop new ones.
Business strategy
A consultant can help you develop and implement your initiative. They will give your business solutions based on your financial standing.
Crypto advisors have several responsibilities, including:
• Identify new strategies for blockchain companies to grow their businesses
• Develop and implement strategies to attract investors in a venture capital scenario.
• Build and implement solutions with business managers and team members
Risk consulting
A service to help determine legal and regulatory risks associated with blockchain. There are three types of risk you should consider:
• Legal and regulatory risks
• Reputational risks
• Security and cybersecurity risks
• Legal Advisory
Crypto advisors can help startups navigate securities laws. A blockchain legal consultant will help you form legal partnerships. They can also help you with compliance and regulatory issues.
Marketing advisors can help you build relationships with key groups through:
Whitepaper development
A well-written whitepaper can help you attract investors and partners. Experts with extensive experience in business development should write your company’s whitepapers.
Community building
A strong community can help your project succeed. A marketing consultant can work with you to build a crypto community and promote it effectively.
Website creation
A good marketing consultant can help you craft a website that engages audiences. They use SEO, content creation and other strategies to extend your reach.
Linkedin has a directory to help you find professionals offering crypto consulting services
Upwork
Upwork is a gig site where you can find freelancers who specialize in cryptocurrency consulting.
Crypto consulting agencies
A crypto consulting agency provides various services. Crypto consulting firms house experts with years of experience in their field.
Starting a project with crypto or blockchain tech? Hiring a consultant is vital for any business looking to enter the industry. Contact a consultant today to get started!
To find the right crypto consultant, consider the following:
• Reputation – You want to work with an advisor with a positive reputation.
• Quality of work – You should ask for samples of their previous work and see if it matches what you’re looking for.
• Cost – The cost of hiring a crypto consultant is often proportional to the work they do (e.g., a monthly retainer).
• Industry knowledge – You want to work with an expert with in-depth crypto knowledge.
Final Takeaway – Crypto Consulting
More companies are starting to see the value of blockchain technology. They will want to hire consultants to help them integrate it into their businesses.
Whether you have a small-scale or big project, a crypto advisor can help you achieve your goals. Be sure to choose a consultant with a proven track record and experience in the industry.
Ready to get started with your blockchain project? Our team of blockchain consultants can help you find the best solution for your needs. Book a call today!
A strong crypto community can attract investors to your project. There is one task you should do before starting a project. Build a cryptocurrency community to support your idea.
Building a crypto community is a daunting task that requires patience and persistence. Let’s say you lack the knowledge of how to build a crypto community.
In this case, you can hire a crypto community building agency to help you. Experienced crypto traders have professionals and tools. With that, they can build a community. Here we explore tips and tricks to create the best cryptocurrency community.
Let’s check how you can handle exponential community growth.
The crypto industry has become very competitive, with many projects launched daily. A worrying trend in the market is the high mortality rate of many established projects.
So if you want to attract investors, you need to build a solid crypto community. Also, your project must excel in technological innovation. Crypto Groups play a crucial role in ensuring the success of your blockchain startup.
• Lead Generation: You can create buzz around your project. Generate demand for your blockchain project.
• Advertising placement: You should provide more announcements about your project. You can only deliver these updates through groups.
• Marketing: The crypto community offers free marketing on a large scale. You can get that through word of mouth and social media platforms.
• Education: In the cryptocurrency community, experienced members can introduce newbies to your project.
Another benefit of the crypto community is that it allows for customization. You can create user-centric experiences and include businesses using widgets and expensive APIs.
By fostering community support, you can reinvent the customer experience. Members of the online community come from a variety of backgrounds and backgrounds. Telegram does an excellent job of keeping the conversation open. Don’t astonish yourself if some users question the legitimacy of your project.
It is because the platform allows members to communicate with the core team. Cryptocurrency veterans know how communities work.
Building a community is different from building decentralized ledgers and applications. There are no mathematical formulas or codes to learn. This dynamic task requires constant adaptation and improvement. You need that to meet the changing needs of the participants.
No one wants to stay on a team that lacks direction. We cannot deny the importance of cryptocurrency community management.
Managing your crypto community is critical if you want it to stay intact. Let’s say you are busy with other things related to your project. In this case, it would be wise to hire a cryptocurrency community manager to help you.
Creating an encrypted community telegram is a complex task that requires experienced professionals.
Several agencies can help you set up groups. Choose someone with the experience and tools to provide the best community-building solution.
You can use several ways to improve the Crypto community’s functionality. You can run hackathons, add surveys, and integrate with middleware apps like:
You shouldn’t lose sight of the power of innovation. Effective community management and communication can move your community in the right direction.
Community members can share ideas and create new possibilities for your projects. For example, Bitcoin has spawned many other use cases besides money transfers.
You can use several tools to determine if you are hitting key metrics with your community. Integrating these tools into the system is critical.
Performance tracking can help you see if you’re meeting your goals. Some of the tools used are Google Analytics and segmentation.
You can move your community in the right direction. How? Use effective community management and communication. You shouldn’t overlook the power of innovation.
Community members can share ideas and create new possibilities for your projects. For example, Bitcoin has spawned many other use cases besides money transfers.
To Wrap It Up
Now you know how to build a crypto community. There are various techniques to grow your crypto community. But we have identified the most potent strategies to get the best results.
Sometimes it is best to leave cryptocurrency community strategy activities to the professionals. Many agencies offer a comprehensive list of services to build a vibrant community. They are cost-effective and have systems in place to attract new users.
Managing a community is hard work. It can be tough to keep track of everyone and make sure they’re happy and engaged. That’s where a good Community Manager comes in. So, how do you go about hiring one?
In this article you’ll learn:
• What a community manager does
• The skills and qualities you need to be a community manager
• How to find the right community manager for your company
• Tips for onboarding and training your new community manager
• How to measure the success of your community manager
Community management is all about building and nurturing relationships. In the world of crypto and web3, this means connecting with users, answering their questions, and helping to grow the community around a project.
Community managers are very important for making sure that users are happy with a project and keep coming back for more. They also work to tell people about the project and keep current users interested.
In short, community managers are what make a project work. Without them, projects would fall apart pretty quickly. So, if you want to get into crypto or web3, keep in mind that community management is a key part of the puzzle. And the people who make it all happen are the community managers.
Community management in web3 is not for the faint of heart. It’s a fast-paced, ever-changing world where you need to be able to think on your feet and adapt to new situations quickly.
• A community manager needs to possess the following skills:
• A deep understanding of the crypto space
• Able to engage with people from all corners in the industry
• Excellent communication skills. Both written and verbal. You’ll be constantly interacting with people from all over the world.
• Good at managing expectations and dealing with conflict.
• Able to explain complex concepts to a lay audience
With so many Community Managers out there, how do you know which one is right for your project? Here are 5 tips to help you find the perfect Community Manager for your web3 project:
You’ve just hired a community manager for your crypto project. Now what? How do you onboard and train them so they can hit the ground running and start building an engaged community?
Here are 3 tips to onboard your new CM:
How can you tell if your community manager is really doing their job? Here are a few key indicators of success:
Growth
Take a look at the size of your community. If it’s growing steadily, that’s a good sign that your community manager is doing their job.
Engagement
Another important metric is engagement. If your community is actively participating in discussions, providing feedback and suggestions, and generally being active, that’s a good sign that they’re happy with the direction of the project.
Sentiment
Take a look at the overall tone of the community. If it’s positive and supportive, that’s a good indication that your community manager is fostering a healthy environment.
Of course, these are just a few of the many factors you should consider when assessing your community manager. But if you keep an eye on these key indicators, you’ll be well on your way to gauging their success.
Conclusion
These recommendations can help you hire or train a community manager. It might be difficult and time-consuming to find members for your crypto community management team. Don’t want to waste time and money on recruiting irresponsible people, Social Staircase can help you out.
Contact us
The crypto space is growing rapidly, and so is cryptocurrency community management. Take a look at how community management has evolved over the years.
Ask any crypto organization, and they will agree that community is crucial to the success of any ICO.
A thriving crypto community signals a token’s health in more than one way. Crypto community management is an art that takes skill to master.
Community management has developed over time. The platforms available nowadays range from Discord to Bitcointalk. Moderators can interact with communities in novel and fascinating ways.
We’ll look at the history of crypto community management and what it means for the industry’s future.
As the name suggests, crypto communities saw their start in chat rooms.
Small groups of developers and investors managed these platforms on their own. Everything ran on a shared passion for blockchain technology.
Since communities were small, there was little need for moderation. Members relied on trust to build meaningful connections.
Unfortunately for these early adopters, scams were common in these spaces.
BitcoinTalk was the first large forum for cryptocurrency users. Made by the legendary Satoshi Nakamoto. It became the place to share interesting articles or news or promote new ICOs.
As blockchain technology began to grow, so did crypto communities. At first, it was a small community of enthusiasts who had a few conversations on social media.
Soon enough, crypto began doubling in value and popularity. People started using online platforms more to connect with shared interests.
More people now appreciate the importance of community management. Blockchain companies must invest in moderators skilled in these platforms:
Facebook and Twitter
Social media platforms made it possible for fans to interact and become friends. A simple tweet or comment can start an interesting discussion.
Reddit became the place where anyone can talk about all things crypto. As of 2022, the subreddit r/CryptoCurrency has over 5.3 million members.
Telegram
Many crypto communities then turned to Telegram as their central communication platform. Here are a few reasons why:
• Cross-platform availability
• Groups can host up to 10,000 members
• Pinned messages allow moderators to highlight announcements and news
• Built-in moderation tools
More enthusiasts mean greater demand and need for content
As cryptocurrency rose in popularity, community managers turned to content. Good content educated and attracted new members.
The following content platforms increased in popularity:
Medium
An online publishing platform. Thought leaders post informative articles on crypto or blockchain technology on Medium.
Youtube
You will find many people creating videos explaining blockchain technology and its implications. Companies use short-form videos to make announcements on prizes, giveaways, and more.
Podcasts
Thought leaders host podcast shows to further extend their reach. They even invite crypto influencers to talk about blockchain topics.
An employment-oriented platform. Today, crypto companies flock to LinkedIn to inspire (or hire) professional crypto enthusiasts.
Discord
Discord allowed companies to combine gamification with moderation. Its many features make it a great choice for startups:
• Fast, real-time communication
• Sleek, customizable user interface
• Ability to assign community roles
• Built-in tracking tools
• Useful bots
Steemit
A blockchain-focused blogging site. Users receive crypto rewards for posting, commenting, and upvoting.
Social Media Networks
Thanks to easing government regulations, members are returning to social media. More companies are pushing their engagement on Facebook and Twitter.
Crypto communities cater to people with all sorts of interests. Community moderators must now find ways to spark everyone’s curiosity.
The surge of interest in NFTs shows that artists and personalities want to be part of the space. One can only expect community management to become even more diversified.
It won’t be long until we see blockchain in mainstream media.
Members show more interest in projects that are non-financial in nature. They want to enjoy crypto and blockchain technology for aesthetic and personal enjoyment.
Today, it is not enough for companies to run communities. These communities must be interactive and engaging enough to attract investors.
The crypto community has changed since the creation of Bitcoin in 2009. Investors and enthusiasts communicate in new ways today. Only time can tell what comes next!
Community has evolved rapidly, to keep up to date with its pace and understand it comprehensively requires time and knowledge. Working with an agency can help you save time. Contact us today!
In case you haven’t heard, NFTs are more popular than ever. As the NFT hype continues to grow, many people want to be part of the NFT space.
Discord is a great place to set up a community for your NFT project. This guide will cover everything you need to know to make an NFT discord server.
The first step in building your NFT community in Discord is to create your server. You can either start from scratch or follow a template.
Using a template is easy. All you need to do is paste the template URL into your browser, and you’re all set (roles, channels, and permissions)!
Need help getting started with a server for your NFT projects, Social Staircase can give you advice and an experienced team to help.
If you decide to start from scratch, it helps to know how to assign roles in your NFT server.
Here are the key roles you’ll want to assign:
• Admins – Admins have full access to your server. They can create, modify and delete any role you assign them.
• Moderators – Moderators can delete messages and ban users from your server.
• Developers – Developers manage the technical aspects of your server.
• Artists – Artists create the artworks that eventually become the NFT project itself.
• Members – Members join the server after being verified.
You can easily identify users by assigning a unique color to each role. Finally, you can always edit role permissions in the server later on.
Once you’ve assigned your roles, it’s time to build the backbone of your NFT server. How you setup your channel largely influences the flow of information within your NFT community.
To create a channel, follow the steps below:
It helps to create categories so members can easily identify the type of content they seek when they’re on your server. Under each category, you will set up relevant channels.
Information
The information category is all about sharing the latest news and updates.
Create the following channels for this category:
About
This channel is a place for members to find out more about your server and what it offers. If you have specific rules or guidelines for members to follow, this is a great place to share them.
Announcements
Members can find important updates and news here. This is an excellent place to share changes or updates on the server, new features, and more.
Roadmap
NFT developers need to give their patrons a sense of direction. This channel is a great place to share the plans for your NFT collection and to give members an idea of what’s coming up next.
FAQ
This channels answers the burning questions members (especially newcomers) might have, including:
• When does minting start?
• What is the minting rate?
• How many NFTs in the collection will be minted?
Community
The community category is where members and enthusiasts interact with one another. Once verified, members can start talking about the NFT projects here.
Within this category, you should create the following channels:
General
All chats happen on this channel. This channel allows members to talk about anything and everything related to your NFT collection.
Marketplace
The marketplace channel allows you to set up NFT auctions and buy-sell NFTs in the collection.
Managing your NFT channels can be daunting. Contact Social Staircase today to learn more about our NFT management services!
Another great thing about Discord is having bots that manage your server. Here are some of the best bots to run your NFT channels:
Dyno.gg
Mee6
Carl-bot
GiveawayBot
Congratulations! You just set up your first NFT server. Now comes the fun part, where you can interact with other users and build a community around your collection.
There’s nothing more frustrating than spending hours building a thriving Discord community, only to have it fizzle out after a few months. But with a few simple tricks, you can keep your Discord community engaged and active for years to come!
When creating a Discord server, it’s important to take some time to consider what you want your server to be about. What kind of discussion do you want to encourage? What topics should be off-limits? By taking the time to establish some ground rules, you can create a Discord server that is focused and welcoming to all.
A Discord server is a great place to build a community around your crypto project. By setting up regular events, you can give members something to look forward to and keep them engaged.
For example, you could host a weekly AMA (Ask Me Anything) with the team, or hold a monthly contest where members can earn prizes for participating in the community. Web3 projects are all about building community, so make sure your Discord server is fostering that sense of connection and belonging.
Looking to liven up your Discord channel? Here are some suggestions for creating fun and engaging channels for different types of conversations.
Price tracking
Set up a Discord bot that tracks the price of your project. People can discuss price talks here away from all the other stuff. You can also use Discord to discuss trading strategies, set up alerts for price changes, and more.
Development & support
Create a channel where users can share tips and tutorials for using your product. You can also use Discord to stay up-to-date on the latest development news, share project updates, and more.
General community chat
Set up a channel where users can introduce themselves, ask questions, and share interesting content in your niche.
Events
You can also use Discord to host events, such as AMA sessions with guest speakers, Q&A sessions, and more.
Set up a Discord bot that awards crypto tokens to members for participating in discussions or completing tasks. This would help to create a more active and engaged community around your project and could even lead to new development opportunities.
So if you’re looking for ways to improve your Discord community, consider implementing some sort of rewards system.
Discord can be a bit of a mess if it’s not kept clean and organized. Here are some tips for keeping your Discord chat clean and organized:
– Use Discord’s pinning feature to pin important messages at the top of the chat. This way, people can easily find them when they need to.
– Create separate channels for different topics. This way, people can easily find the information they’re looking for without having to scroll through endless messages.
– Use Discord’s @ everyone feature sparingly. Too much @ everyone notifications can be annoying and will cause people to tune out your chat.
– Use bots to help with organization, such as keeping track of keywords or automatically archiving old messages.
For example, the Discord community for the decentralized exchange Uniswap is very active. The Uniswap team is constantly sharing updates with the community, responding to feedback, and seeking suggestions.
As a result, the Discord community is engaged and excited about the project. This level of engagement is essential for any project that wants to succeed in the long run. By being responsive to member feedback and suggestions, you can ensure that your Discord community remains engaged and excited about your project.
Conclusion
Maintaining an engaged Discord community can be a lot of work, but it’s worth it when you see your members chatting and having fun. If you need help getting started, Social Staircase is the agency to get you started. We have years of experience creating and managing successful Discord communities for a variety of brands.
Contact us today to learn more about how we can help you create a thriving community that engages your audience and grow your project.