Crypto communities are growing by the day. The reason? It’s not just crypto enthusiasts joining crypto communities more actively, but also blockchain developers and ICO founders realising that community really matters.
Ever heard of Metcalfe’s law? It states the effect of a telecommunications network is proportional to the square of the number of connected users of the system. Metcalfe’s law, first formulated in 1993, now rules the crypto-verse.
What makes a good crypto community and which crypto communities should you join?
First things first. The #1 thing to check is the number of followers on social media like Telegram, Twitter, Facebook, and Instagram. However, the number of followers is not the only criterium to keep in mind.
Lurk around in Telegram groups or on discussion forums and pay attention to how engaged community members are. Is there any useful information circulating or are they just talking nonsense most of the time, sharing memes? Right, we all appreciate a good joke, but not when the entire communication is one.
What about their presence and level of motivation? Obviously, the driven and motivated community members and moderators are ever-present, welcoming new members eagerly and replying to any questions they may have.
This one is pretty obvious. The more popular a cryptocurrency is, the larger community it will have. Believe it or not, but the communities of some coins – like Bitcoin – are already bigger than some smaller countries. Whoa!
No crypto-something list is complete without Bitcoin. As this coin’s been around for quite some time now – it turned 10 years on October 31 – Bitcoin community is the world’s largest. It’s all about quality and quantity.
Wherever Bitcoin goes, Bitcoin Cash follows. Although alternative to Bitcoin in nature, Bitcoin Cash community still has a massive follower base.
As darknet as it is, Monero comes from a – dark – place that represents a huge market. Huge and profitable. The world’s black market is valued in trillions of USD, and, sadly, the emergence of digital money has made darknet trading so much easier.
Substratum is something new and noble. It’s an open-source network that allows anyone to allocate spare computing resources to make the Internet a free and fair place for everyone around the globe.
Dogecoin is a brilliant example of how powerful a community can be. Just think about it – it started off as a mere joke, meme, and turned out to be one of the strongest communities to date.
Crypto enthusiasts also just love the Nano community. Nano (previously known as RaiBlocks) is a digital currency created in 2015 for the real world – the fast and free way to pay for everything in life.
The Nano community recently donated over $950 worth of Nano to its Venezuelan member who was struggling amidst the skyrocketing inflation of the South American country. This was enough to buy food for dozens of people. With actions like this, this community shows itself as a role model for the whole crypto community.
We love our community – that goes without saying! Although we’re still in the start-up phase and nearing the final launch, we managed to build a strong and supportive community of great members. There might be tensions at times, but these are inevitable in a community that brings so many different people together.
Fact is, community adds value to any project and provides feedback that drives growth and improvement. So thank you, all!
Happy Monday, everyone!
The CoinMetro Team