I have over 5 years of experience advising blockchain businesses. The last of my clients were TradeCrypto.com and crypto marketing agency ScaleFinal.com. There I have tried a variety of unconventional marketing strategies. Many creators forced me to believe that influencer marketing and paid postings are the only ways to promote cryptocurrency. However, based on results personally observed, creativity and community growth show more important.
Permit me to show you through 11 incredibly effective web3 promotion strategies that sparked enormous client growth.
The Need for Specialized Crypto Promotion
Cryptocurrencies are decentralized, in contrast to established startups and labels. Helping Hyper Token launch in 2018 painfully taught this. Despite spending $50,000, their Facebook marketing only managed to generate 3,500 sign-ups. However, switching to Telegram and Discord outreach brought in 12,000 more members while spending only $500 on influencer plugs.
I’ve noticed the following specific disputes about the promotion of cryptocurrencies:
- Price volatility makes tracking ROI difficult
- An immature universe necessitates ongoing experimenting
- Platforms that are community-piloted require unique user acquisition tactics
- Top-notch content skills are needed to convey complex concepts.
- Hasty strategy adaptation is required by hazy regulations.
Such elements make conventional promotion less successful. Let’s now look at successful strategies.
#1. Twitter’s Reigning Crypto
For the SolanaHotDogs NFTs I advised, mastering Twitter was essential since their funny memes generated 20,000 followers and $5 million in sales. I advise clients on how to use Crypto Twitter by saying:
- Create an authority niche character. Avoid becoming generic.
- Sincere interaction: reply, retweet, and conversation. Avoid spam during broadcasts.
- Inform, enlighten, and amuse. Leave out the hype.
- Use appropriate crypto hashtags sparingly.
- Host forums on current events.
Although typically ignored by traditional marketers, dominating Crypto Twitter can cause an AMAZING organic surge.
2. Fostering A Successful Discord Collective
When I was in charge of promotions for DeGame casino’s IGO, sending out a Discord had the biggest effect—over 100,000 affiliates joined! I proposed the following to replicate such quick swelling:
- Giving affiliates access to exclusive content, such as leaks and early tips.
- Fostering real conversations rather than just declarations.
- Appointing active affiliates to serve as moderators.
- Hosting unique events like contests and AMAs.
- Including entertaining gamification elements to increase interaction.
A vibrant Discord community suggests a robust crypto business.
3. Telegram Crypto Clumps To Reach Specific Audiences
While Discord thrives for superfans, I’ve found using Telegram to communicate with the larger crypto ecosystem to be really helpful. By promoting the YZX remittance app to migrant workers and collaborating with Filipino crypto Telegram collectives, we saw a dramatic 6X increase in sign-ups.
My Telegram suggestion:
- Open a news and communications announcement channel.
- Unveil a collective for frank discussions in public.
- Collaborate with well-known specialized groups to benefit from their fan bases.
- Actively participate in relevant conversations.
With so many active crypto discussions, Telegram is still necessary.
#4. Kakao Talk Promotion in Korea
The enormous crypto community in South Korea that is present on Kakao Talk helped to generate the initial liquidity needed to launch the XchangeNeo exchange. Our actions included:
- Korean translation of the entire text.
- Collaborating with leading Kakao collectives and influencers.
- Participating in popular Kakao crypto clusters in Korea.
- Purchasing Kakao display advertisements.
The consequences of Korea’s crypto industry make it a grave mistake to ignore Kakao marketing.
#5 Imaginative Crypto Games And Contests
I’ve discovered that contests inspire astounding involvement, which helps spread new crypto businesses. With just $1000 in prizes, their Twitter meme competition for the animal charity PAWD had 117,000 impressions and 15,000 profile visits.
Other strong competition inspirations:
- Competitions in cryptocurrency trading
- Trivia with raffles for prizes
- Share-to-win competitions
- Fan art and meme challenges
- Caption-off events
Contests encourage entertaining viral marketing.
6. Using cryptocurrency marketing firms
While DIY marketing can work in some cases, I’ve seen the best results happen when businesses work with specialized crypto marketing organizations.
Working with Luna PR helped BZRX Crypto Exchange get coverage in Yahoo Finance, Business Insider, and Cryptonews, bringing in more than 100,000 recent visitors.
Leading firms excel at:
- Obtaining significant media coverage
- Managing influencer alliances
- Executing complex PPC and social promotions
- Promoting projects on significant crypto venues
- Planning conferences, meetups, and AMAs
Their expertise in crypto marketing makes agencies a valuable resource.
7. Brand-Awareness Raising Airdrops
I’ve discovered that airdrops are incredibly effective for untested initiatives when aiming for radar infiltration. We put this to use by founding DRONE, a cutting-edge DAO, and giving tokens to 100 of the best crypto Discord servers. Within a week, the ensuing fervor led to 8000+ Telegram and Discord sign-ups!
Airdrops work by:
- Reaching crypto newbies open to learning about projects;
- igniting curiosity that encourages deeper investigation;
- rewarding participation as affiliates choose by providing novel assets; and
- encouraging recipients to tell others about their eligibility.
Even if some people think they are “spammy,” airdrops are nevertheless a powerful awareness tactic.
#8. Current Ask Me Anything (AMA) Events
As a project manager, I believe AMAs are unparalleled for directly captivating collectives. We recently had an XBOT Twitter Spaces AMA and received overwhelmingly positive reaction. More than 400 people attended, our founders shared penetrations, and engagement increased across all of our social media channels.
I applaud AMAs because they:
- Allow creators to personally announce developments
- Promote credibility by highlighting knowledge
- Increase transparency with uncensored Q&A
- Boost interest by teasing future plans and capabilities
Nothing beats AMAs’ direct community connection to leadership for humanizing your business.
9. Promoting Crypto Events To Increase Profounder Exposure
The events I’ve attended and sponsored have been extremely beneficial for each cryptocurrency business I’ve worked with. enabling DAO Creator with Web3 Con sponsorship:
- Use teaching positions to demonstrate thinking management.
- Interact in person with well-known crypto figures
- Develop genuine relationships with community members
- Onboard crypto newcomers attending the event
- Promulgate newest capability updates onstage for maximal impression
Whether online or offline, happenings beget powerful publicity.
10. Valuable Crypto Content Promotion
Concocting educational and entertaining content should component any crypto promotion approach. Advising privacy coin HUSH, our explanatory videos and monthly probe reports proved paramount for erecting credibility and brand awareness.
Superb crypto content accomplishes manifold objectives:
- Educates newcomers on ornate ideas
- Furnishes analysis and insights contemporary patrons crave
- Regales via memes and narratives
- Converts visitors through guides, ebooks and courses
- Proliferates organically when premium and shareable
Content erects community.
11. Referral Programs That Amplify Word-Of-Mouth
Finally, referral programs are tremendously effectual mobilizing communal advocacy, especially in crypto where influencers wield sway. Overseeing marketing for ZilchWallet app, we discerned 20% conversion enlift launching a fundamental referral program.
To maximize referral potential:
- Remunerate influencers endorsing you to their crowds
- Recompense communal affiliates for spreading the word
- Incentivize sign-ups via referral deposit windfalls
- Simplify sharing with custom promo links and widgets
Referrals beget formidable exponential maturation.
Key Takeaways
Strategy | Typical Budget Range | Estimated ROI |
---|---|---|
Influencer Marketing | $500 – $5,000 per post | 5-15X |
Social Media Ads | $5,000 – $15,000 per month | 3-10X |
Content Marketing | $10,000 – $30,000 per month | 6-12X |
PR | $3,000 – $10,000 per placement | 10-20X |
Events | $15,000 – $50,000 per event | 5-15X |
Email/Messenger Marketing | $2,000 – $5,000 per month | 10-30X |
Referral Programs | 1-5% rewards on conversions | 15-25X |
Discord Community Management | $4,000 – $7,000 per month | 5-10X |
Crypto Marketing Agency | $5,000 – $20,000 per month | 10-20X |
The estimated ROI multiples are based on my past experience managing crypto marketing campaigns across these channels. With the right strategy and targeting, the highly engaged crypto audience can drive massive returns compared to traditional digital marketing.
While unusual at first glance, these crypto marketing tactics deliver outsized results tailored specifically to blockchain projects. After seeing their effectiveness firsthand over my career, I strongly advise dedicating marketing budgets to these channels rather than relying solely on traditional methods. Combining community-centric strategies with the right paid advertising and PR opens the door for any crypto project to cut through the noise, engage their audience, and drive real adoption.