Crypto founders should focus on Community bonding and not only on products

By Long term coin | Crypto assets | 18 May 2024


Many cryptocurrency token holders give rewards to the token holders so they stick to the platform, but they mostly fail because they need to focus on the bonding procedure. If the token holders do not have emotional bonding, they are likely to fail altogether. A project must carry solid value if the community takes responsibility for the project. They give weird, different names to the project and think that they will be able to form a community with their unique, strange name for the project. The most important thing for them is understanding that the community should invest in the bonding procedure rather than the tokens themselves. The more a community invests in the bonding procedure, the more they can learn to use the same bonding procedure to build their cryptocurrency community. A bonding procedure is anything that helps investors connect on an emotional level.

 

Most cryptocurrency projects overlap, meaning they have similar products like NFT marketplaces, wallets, swapping platforms, etc. Still, the value lies in how much the community can learn about the bonding procedure because, in the end, the token holders will find a deadlock if they do not know how to build their cryptocurrency community when they end their journey as cryptocurrency investors. The more the community members invest in the bonding procedure more they find that they have some value to gain but unfortunately most investors are thrown token at them. Many projects provide wallet browser extensions, for example, but this is a product; if the community members are not taught how to connect with the other community members so they can copy those methods to build their cryptocurrency projects, they are likely to fail together because the browser extension market is highly competitive. Only a few will survive, so the only thing that can differentiate an extension wallet project from similar projects is how much their community is learning to create its own community. The more the community invests in the bonding procedures, the more quickly they will learn how to build their own thriving community. Still, they(Cryptocurrency founders) are asking people to invest behind their coding skills, which is getting depressing daily for investors. The more an investor invests in the bonding procedure rather than the project itself, the more value he will get, even if he loses his money.

 

It is becoming difficult for cryptocurrency founders to market their products because they solely focus on the product rather than the community's bonding. The more a community invests in the bonding procedure, the quicker it will learn to use that bonding procedure to build its own thriving cryptocurrency community. Thus, the founders create value for their crypto projects and the community members' crypto projects. People integrate different products in their wallets to see that no one is using them, and no community member is interested in improving the product because community members' money is allocated in most cases to the founders' wallet rather than the bonding procedure, which creates value for everyone.

 

Crypto investing has become increasingly complex because founders are not interested in helping community members learn a bonding procedure quickly. The simple answer to this complexity is to create a learnable community bonding procedure so the community members can connect emotionally. At the same time, they can copy the same bonding procedure to build their own cryptocurrency community in the future. 

 

People make projects that give people data about other cryptocurrency projects and unique market insights. Still, people are not interested in building data that can measure the emotional connection between investors because only a group of hundreds of investors can make a project decentralized, not a handful of people. If people can find out the status of their emotional connection with other community members in any crypto project they have invested in, then it would make them wise investors overnight. They will invest more in the emotional rather than the product level because they know they can copy the same bonding methods and use them to build their cryptocurrency community.

 

People are scared to invest because they do not know how the community will behave in the future without a true connection with each other. You see, a cryptocurrency project will go through hundreds and hundreds of ups and downs during the journey, and only a community that is heavily invested on an emotional level with each other through a unique bonding procedure will have higher odds of surviving than a community that has no bonding procedure.

 

Leaving you with a breathing method using chess from one of my youtube channels

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https://youtube.com/shorts/LtIcjX5yv9w?si=3Gmgy8oAPu20hTPN

 

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Long term coin
Long term coin

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