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What should Coin Companies do to be trusted by investors?


Kakashi2020

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In launching one virtual coin, the conditions are programming, creating network from niche market and marketing.  Among them, the most difficult is marketing.  It involves persuading people to use and trade the coin.  If the coin is not currently accepted, attempt to convince is an uphill task.  It is always a matching problem, people will not adopt the new coin if there is not already a wide acceptance of the coin and without individual adoption, it is difficult to build momentum and acceptance.  Besides, there is also a trust issue given that many new alt coins have been vanished after several months of launching.  

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Most people are wary of new companies. So they might want to start small. That would minimize the risk of people losing huge sums of money. They must prove that their cryptocurrency is capable of staying relevant for a long time. If they do that, then more people will try their luck with it. 😃

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  • 4 weeks later...
On 11/4/2018 at 6:16 AM, Kakashi2020 said:

Okay there's a lot of new Crypto Companies being launched but when it comes to marketing their coins,  as a marketing man, I can see that their doing an awful job.  

What are your ideas in effectively marketing new coins?  

Airdrops is a form of marketing for cryptocurrencies. New cryptocurrencies are given to a large number of wallet for free to promote the new cryptocurrency. I think this is a good marketing strategy because who will refuse free money? We should keep a lookout for this airdrops. 

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9 hours ago, Alymae said:

Airdrops is a form of marketing for cryptocurrencies. New cryptocurrencies are given to a large number of wallet for free to promote the new cryptocurrency. I think this is a good marketing strategy because who will refuse free money? We should keep a lookout for this airdrops. 

It's one way of letting a lot of people know about the new crypto. So instead of spending money for advertising they opted to give free money away.  I do think it's effective although you can't really earn from it since what they're giving away are just crumbs.  But again anything free is always good.

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On 12/3/2018 at 8:20 AM, Kakashi2020 said:

It's one way of letting a lot of people know about the new crypto. So instead of spending money for advertising they opted to give free money away.  I do think it's effective although you can't really earn from it since what they're giving away are just crumbs.  But again anything free is always good.

It is used to increase the circulation of the coin, the more the popular it is, the better. Yes, we really do not earn much from it but keeping the crypto may also be a good idea. Who knows the price value will increase in the future? If the price will go down, then, that's it. You received it for free anyway. In order to qualify for free airdrops, you just have to do some simple tasks. 

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On 12/5/2018 at 10:25 AM, Alymae said:

It is used to increase the circulation of the coin, the more the popular it is, the better. Yes, we really do not earn much from it but keeping the crypto may also be a good idea. Who knows the price value will increase in the future? If the price will go down, then, that's it. You received it for free anyway. In order to qualify for free airdrops, you just have to do some simple tasks. 

I do think that Cryptocurrencies should make investors comfortable by making its image fun.  I mean coin companies are usually so serious in their meetings  that people become uncomfortable.

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