Blog Post
Five Incredible Ways to Manage a Social Crypto Trading Community
Kelvin Emmra • Jul 11, 2020
A social crypto trading community is an online ecosystem of crypto investors that allows sharing and discussion of trading ideas. The trend which is taking the crypto community by storm could transform crypto trading significantly. Today, many cryptocurrency trading platforms are contemplating adding a social trading feature to their systems.
Managing the social trading
community is currently the most significant challenge faced by social trading platforms. Many platforms failed a few days after launching social trading systems due to poor management. But what does it take to manage a geographically scattered community in a decentralized environment? Let’s find out:
Know Your Customer
Information is power! Having necessary details about your clients goes a long way in solving disputes that arise within the community members. Also, details like the customer’s level of expertise will help link beginners to the right Experts. Such information can be included in the signup forms as requirements before joining a trading community.
On the other hand, and perhaps the most important is letting your customer know you. The projects’ purpose, vision, mission, and roadmap should be captured in the whitepaper. For instance, consider how the Ethereum community came to be the strongest: Clear whitepaper!
Terms of Use
Terms of Use (ToS) are legally binding agreements between a service provider and a client. They are useful in social crypto trading as a disclaimer to help traders understand community rules and the consequences of not following them.
To avoid conflicts, ToS must be written in a language understood by all members. Every member must agree to abide by the terms of social trading before being allowed into the community.
Technical management
A big part of managing the social crypto trading community lies in platform development. Software project management skills are required to ensure the process from requirements elicitation, system design, implementation, and maintenance run efficiently. Technical management involves ensuring:
- Functionality - Implementation of the system captures everything in the design from the user interface, tabs, and buttons.
- Secure - The platform must ensure every members’ funds are secure from hackers and other malicious attackers.
- Efficient - An efficient system loads faster and processes transactions, posts, and comments from the community almost instantly.
Incentives and Customer Engagement
One of the most effective ways to manage a community is keeping it active. The best way to keep the community hyped is by giving contingent motivators. There are many ways to do this in social crypto trading; affiliate programs, virtual contests, competitions, rewarded online tasks, airdrops, giveaways, etc.
Customer support is another excellent management strategy. How fast questions are answered, and the relevance of the answers given, live chats, and self-service is the new gauge for a well-managed platform. According to a recent study by Hubspot, “88% of service professionals agree customers have higher expectations than ten years ago. 76% agree customers are smarter and more informed now than in the past. 89% agree that customers are more likely to share positive or negative experiences now than in the past.”
Professional Online Community Managers
There are currently online community managers available online for hire. Community managers have expertise and tools required to: Grow the community through different social media channels and promotions; Act as first-line of support for non-technical specific queries; Organize promotion events and competitions through various channels like Twitter or Telegram.
Online community managers also work closely with other departments such as developers, marketing, sales, and customer service for enhanced customer experience.
What is Shrimpy?
Shrimpy
is a simple portfolio platform for social crypto trading management. The platform incorporates automated strategies to help investors earn more with less effort. Shrimpy is one of the few social crypto trading platforms with a robust community of leaders and followers. It has several unique features that make it easy to maintain a vibrant traders’ community. These features include:
- Rebalancing - Shrimpy automatically executes a buy/sell request for a currency pair that aligns with the trader’s goals at any given time.
- Backtesting - Shrimpy analyzes the trader’s strategy and simulates its potential performance by comparing historical data to reduce the risks.
- Incentives and support system - Shrimpy’s social trading platform regularly offers incentives to followers and leaders plus a 24-hour customer support system.
Final Thought
Social crypto trading is a unique strategy aimed at minimizing the risks involved in crypto trading. Managing social crypto trading communities is a significant undertaking that helps build the reputation of a platform and the crypto industry as a whole. There are many ways to manage a social crypto trading platform, as discussed in the above paragraphs.
However, the implementation of the above strategies isn’t an easy task. Few platforms get it right, as seen with Shrimpy. The platform encompasses unique features simply and efficiently understandable by all. The Shrimpy social trading platform links beginner traders to experts through copy trading to form the most effective social trading community in crypto space.
Source: Crypto Adventure.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.
The team at HarpyCoin proudly announces the launch of Phase 1 of their presale. This phase has already raised over $23,000 without any marketing efforts. With marketing campaigns starting now, HarpyCoin aims to reach $1.5 million. The Solana-based token boasts unique utilities, including staking, a DApp, and a swap feature. Learning More about the Project's Presale HarpyCoin's Phase 1 presale is live, attracting significant attention despite the absence of marketing. The project has raised over $23,000, with strong, genuine initial interest. With marketing efforts now in full swing, the team expects to reach over $1.5 million in funding. During the presale, HarpyCoin tokens are available at a discounted price starting at $0.002288. This special offer is only available during the presale period, making it the perfect time to secure HarpyCoin tokens. The presale opened on May 6 and will end on June 30. During each phase, participants can purchase tokens at a discounted price. Following the presale, HarpyCoin will go live on various cryptocurrency exchanges to provide liquidity and accessibility to the project. The team will announce exchange listings soon. Here's a breakdown of the presale phases: Phase 1: Price - $0.002288, Max Tokens - 59,000 Phase 2: Price - $0.002368, Max Tokens - 57,000 Phase 3: Price - $0.002647, Max Tokens - 51,000 Phase 4 (Final): Price - $0.002755, Max Tokens - 49,000 Listing Price: $0.003250 Utility and Features HarpyCoin stands out with its diverse utilities. Users can stake their tokens and earn appealing APYs. Staking with HarpyCoin offers regular APYs, which the team will announce once the feature becomes active. More details about the staking protocol will be available when the feature goes live. The project also offers a DApp and a swap feature, enhancing user experience. When HarpyCoin reaches a certain market cap, a surprise use case awaits. The team will launch a Crypto Fair Platform, allowing users to attend events like Token2049 virtually (online or in VR). Concerning the project's DApp, HarpyCoin introduces an advanced application and swap system. Built on the Solana network, the DApp leverages lightning-fast transaction speeds and low fees for top performance. Users can enjoy high-speed transactions without worrying about high costs. The DApp features an intuitive interface, ensuring ease of use for beginners and experienced traders. It supports non-custodial trading and offers robust security measures. Users can participate in liquidity pools, earning rewards by providing liquidity for trading pairs. HarpyCoin ensures a seamless and secure trading experience for all participants. About HarpyCoin HarpyCoin is a new project led by a dedicated team of crypto enthusiasts. The team has already successfully launched different crypto projects. With a wealth of knowledge and expertise, they bring transparency, integrity, and a commitment to delivering results. The team members are well-versed in understanding the complexities of the crypto space. By choosing the Solana network, this team wants to capitalize on its lightning-fast transaction speeds, low fees, and growing ecosystem. What drives the HarpyCoin team is a shared vision and determination to succeed. They believe in community-driven projects and fostering a vibrant, inclusive ecosystem. HarpyCoin stands out by adopting the majestic Harpy eagle as its symbol. The eagle embodies strength, power, and resilience, reflecting the project's vision. Unlike typical meme tokens, HarpyCoin aims to make a bold statement in the crypto world. Anyone interested can visit HarpyCoin's website to participate in the presale. Early investors will need to follow the instructions to complete a purchase and receive the tokens before the launch. Furthermore, the social media pages below will regularly share updates on the project with the HarpyCoin's community. X (Twitter) | Telegram | Medium
World of Dypians (WOD) - an immersive, groundbreaking MMORPG, has released its latest update, patch v0.2.4, on Epic Games. The team announced three new collaborations with major brands in the blockchain industry, Core DAO, Viction, and MultiversX. These visionary blockchain networks now have dedicated areas in the Downtown section of the WOD metaverse, where virtual and real-life experiences blend seamlessly. Furthermore, the new update reveals a host of exciting, upcoming features, including enhanced chain leaderboards, a new Challenger Global Leaderboard, an addition to the Daily Bonus, the Beta Pass NFT Collections, and a Premium Subscription with exclusive perks and benefits. This event marks an important milestone in the game's development. It includes new features and strategic partnerships that will improve the gaming experience, foster community engagement, and enable WOD to reshape the virtual world landscape. What’s New in the WOD Update Patch v0.2.4? The Downtown area in World of Dypians is a futuristic territory with limitless opportunities for exploration and discovery. Players can enjoy exciting adventures and unprecedented immersive gameplay here, where some of the industry's biggest names have their own dedicated areas. The update patch v0.2.4 brings three new prestigious guests, integrating CORE, VICTION, and MultiversX, enhancing WOD's leading MMORPG reputation. The three new areas in WOD feature new quests, advanced gameplay mechanics, and fantastical elements. They introduce players to state-of-the-art technologies unrivaled by other virtual worlds, building toward a truly unique gaming experience. The addition of the new partner areas plays a significant role in the other upcoming features of WOD: Enhanced Chain Leaderboards World of Dypians features specific leaderboards for each chain, including BNB Chain, SKALE, and the upcoming CORE, and Viction networks, enabling all players to compete in a league of their own. The new update will reward the users of each chain with STARS in the Daily Leaderboard. These STARS will improve the rankings in the Challenger Global Leaderboard, where the top 10 players with the most STARS win substantial rewards. However, the Weekly and Monthly leaderboards will not undergo this change. New Challenger Global Leaderboard World of Dypians challenges players to multiple quests and adventures, delivering considerable rewards in addition to fun and excitement. The most skilled and dedicated players will fight for the summit positions in the new Challenger Global Leaderboard. Their final rankings depend on the STARS they collect from chain leaderboards and other in-game activities. More importantly, the top 10 players will be celebrated and rewarded accordingly. Daily Bonus New Addition Premium subscribers now have the exciting opportunity to open 20 chests daily from each chain, including new partners Viction and CORE. This latest addition enhances the gameplay experience as players can now gain more exclusive rewards and items. The new partner chains will also provide unique rewards and personalized adventures for every user. Beta Pass NFT Collections One of the most anticipated features in WOD's already rich suite of offerings is the Beta Pass NFT Collections. These unique NFTs are specially designed for the in-game communities and will serve as tickets for the Treasure Hunt events in the virtual world. The new partners, Core, MultiversX, and VICTION, will offer exclusive rewards and experiences as part of releasing the Beta Pass NFT collections. For example, the Core DAO Beta Pass NFT Collection will give players exclusive access to the game and the Core DAO Treasure Hunt event. This 90-day-long adventure will allow players to gain a share of the $20,000 CORE reward pool. The game will open a free minting process for all users to get this NFT, ensuring every player can participate in the treasure hunt. Similarly, WOD will host a MultiversX Treasure Hunt event for MultiversX Beta Pass NFT holders, and free minting will be available. This treasure hunt lasts 90 days and features a $20,000 EGLD reward pool. Moreover, the MultiversX Wallet Integration allows users to connect with their wallets to mint these NFTs, unlocking their access to beta testing and special events. Premium Subscription World of Dypians allows users to access new and exciting rewards as part of an exclusive experience as premium subscribers. The upcoming premium subscription will be available for new partner chains Core and VICTION, unlocking additional features, rewards, and perks. The list of unique, personalized benefits for premium subscribers, including access to exclusive areas, quests, and items, is bound to increase as the game evolves. For instance, players can purchase a premium subscription on Core DAO and access exclusive benefits, such as early access to new content, special in-game items, and priority access to events. About World of Dypians World of Dypians (WOD) is an MMORPG designed by Dypius that features advanced AI, cutting-edge graphics, and immersive gameplay. The game takes place in a virtual world that abounds in engaging quests, brand-dedicated spaces, and must-play adventures. The new collaboration with Core DAO, Viction, and MultiversX proves WOD's constant rise in reputation and appeal within the increasingly competitive Web3 space. Each new partner area boasts exceptional challenges and thrilling adventures, inviting players to explore the rich World of Dypians and uncover its hidden secrets. This charming virtual world is now home to more diverse landscapes, new characters, and endless opportunities, confirming its industry-leading position and undisputable potential. World of Dypians has recently been on a streak of exceptional developments, including ranking #1 in the BNB Chain DAU Incentive Program . This initiative ranks the daily active unique wallet addresses interacting with the project's smart contracts. Moreover, WOD has been selected for BNB Chain's Airdrop Alliance Program, onboarding 41,524+ on-chain users in the first 14 days. The program seeks to connect top projects that have yet to issue tokens with the broad BNB Chain community. Its second campaign started only a few days ago, and World of Dypians has already boarded over 5,000 on-chain users. You can learn more about World of Dypians and stay up-to-date with its development at these links: Website | Twitter | Discord | Telegram | GitHub | YouTube | Download on Epic Games |
MAOCAT , the first cat-themed memecoin on Ethereum, has started its presale, offering over 60% of the $MAO token supply. In a rare feat, the project has already raised more than $300,000, earning the memecoin a standout reputation before its much-anticipated launch. MAOCAT is an up-and-coming project seeking to reshape the DeFi space and redefine NFT collecting. The self-proclaimed "first cat memecoin on Ethereum" is at its forefront as a disruptive force in a sector dominated by dog-themed and frog-themed projects. However, MAOCAT is more than a memecoin. The project has ambitious plans to develop an entire ecosystem, including staking functions, NFTs, an NFT marketplace, and various decentralized applications (dApps). Its growing list of future DeFi functions and applications will be available in the emerging Web3 landscape, offering users numerous opportunities at the dawn of the "era of cats." The ongoing presale for $MAO coins runs across 10 phases, allowing interested investors to purchase the token at a lower cost than its post-launch price. The latter may increase substantially, considering the project has already attracted considerable interest from memecoin enthusiasts and casual coin collectors. The team has put up for sale 60% of the 5 billion MAOCAT token supply spread across the 10 phases. The 1st Phase has already sold 66.27% of the 1,300,000 $MAO (+ 20% bonus), raising nearly 115 ETH. Crypto enthusiasts can easily purchase the token by connecting their wallets and paying with ETH for the desired amount of $MAO. Holding $MAO tokens gives users multiple benefits within the rapidly developing MAOCAT ecosystem. Firstly, they don’t have to pay Buy or Sell taxes on transactions. The only fees they will have to pay go toward marketing (3%), the liquidity pool (3%), and development (2%). Moreover, they can access rewards from staking, participate in the governance structure, and receive NFT token compensation. The presale for $MAO tokens ends in a little over 47 days, with the project burning any remaining unsold tokens. Early adopters have the chance to support an innovative project that has built a robust and loyal following from the beginning. About MAOCAT MAOCAT is an Ethereum-based, cat-themed memecoin aiming to make the feline a leading memecoin in a dog and frog-dominated memecoin landscape. The cat is probably the internet’s cult character, especially considering it is among the top-trending keywords in animal searches on Google. The MAOCAT project seeks to combine its popularity with a growing DeFi ecosystem full of lucrative opportunities for its users. MAOCAT plans to expand shortly, incorporating an exclusive collection of 10,000 MAOCAT NFTs tradeable in the in-house MAOCAT NFT Marketplace. Other features include a farming platform (MAOCAT SWAP) and play-to-earn MAOCAT games. The project will announce new features and developments within its ambitious roadmap soon. Currently, the team is focusing on the ongoing presale off to a successful start and quickly building a significant following. You can learn more about MAOCAT at these links: Website | X (Twitter) | Telegram ) | YouTube | Instagram
Wellchain , a revolutionary mobile super app that is changing healthcare coordination through artificial intelligence and blockchain technology, designed to simplify care coordination. This software as a service (SaaS) utilizes blockchain technology and offers a number of features such as telemedicine, team communications, remote monitoring, scheduling, alerts, reports, reminders and self-tasking functions. The app comes in two versions - one for caregivers and one for patients - both of which can be easily integrated on the backend. Among the innovations, I'd note the ability to quantify care by assigning a severity score to a patient and tracking their progress or deterioration with a Change of Condition Index. Wellchain believes that the future lies in decentralization, including a segmented Internet and file storage. The project is backed by one of the industry's leading startup platforms, NFPad.io, and has partnered with Unigrid.io's leading infrastructure engineers. Through the project's features, actionable information can be provided to healthcare providers, helping to improve resource allocation and institutional efficiency. The app is designed for patients, hospitals, and healthcare providers. Wellchain aims to reduce healthcare costs by improving care coordination and incentivizing patient compliance through gamification. Wellchain will save at least 15% of healthcare costs globally (equating to $1.2 trillion annually) and improve patient outcomes by 15%. The value of a Wellchain token is directly related to the production (success) of the company. If a company is successful, 10% of all tokens are burned, resulting in low supply and high demand. Token holders can also vote on important decisions including project funding, token utility expansion, and governance rules. Active membership in the community is rewarded with WELLCHAIN tokens through a giveaway, which is 5% of the tokens. Patients receive attractive incentives (paid by the payer) for adhering to a certain treatment plan, and still incentivizes patient compliance while promoting active community participation. The blockchain uses customized NFTs to easily and efficiently track compliance. NFTs are matched monthly with paper rewards based on the level of compliance. Wellchain has pioneered the use of NFTs as a revolutionary incentive mechanism. On the site, patients can gamify their journey by participating in contests and competitions using NFTs, incentivizing healthy habits and a sense of accomplishment. Patients are rewarded for active participation and adherence to treatment plans. These unique digital assets act as tangible proof of a patient's commitment to their health, which they can exchange for fiat money. By gamifying healthcare with NFT incentives, Wellchain not only motivates patients, but also establishes a direct link between compliance and valuable rewards. The team commits to: continuously improve the functionality and utility of the token, expand the appeal and utility of the token globally, and regularly disclose the progress of funded projects and their overall impact. The WELLCHAIN token is a native token of the Wellchain ecosystem, WELLCHAIN serves a dual purpose in the ecosystem, acting as both a utility token and a management token. This versatility of the WELLCHAIN token contributes to the smooth operation and growth of the Wellchain platform. Oh, and right now you can get a 50% discount before it's too late! This is an exclusive whitelisting bonus. To whitelist, send an email with your government-issued ID to the project. Pre-sale of the WELLCHAIN token has started and runs through the end of May. So with this project you can not only get rewards, but also be healthy to make even more money on the crypto market! With Wellchain you will have iron health and a big bank account! Website: https://www.wellchain.io Twitter: https://x.com/Wellchainhealth?t=jK4MkiazMiioFFg-9NxXHQ&s=09
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