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One of the bedrocks of cryptocurrency are crypto communities.
They also play a vital part in boosting mainstream cryptocurrency adoption.
Here’s how they work, what they look like, and why they’re so important.
What Are Crypto Communities?
Crypto communities are dedicated groups of individuals with a common interest in gaining knowledge about cryptocurrencies and blockchain technology.
One of the earliest known crypto communities isBitcoin Talk.
Crypto communities have since evolved, with different communities available for newbies and experts in the crypto industry.
Why Are Crypto Communities Important?
Crypto communities have evolved from those days and now have several categories to cater to all groups of people.
Other communities typically fall into one of these categories:
How Are Dedicated Crypto Communities Formed?
Cryptocurrencies can be complex, and crypto communities aim to create a safe space for anyone interested in crypto.
Most crypto communities typically have similar roles to help manage different aspects of building the community.
Crypto communities usually consist of two major roles.
First, community owners create the community and have full access to all administrative aspects of the community.
Community managers govern different parts of the community.
Another common role in a crypto community is “Shilling.”
Shillers are responsible for keeping the energy going in crypto communities.
Community members can take on these roles and can morph into full-fledgedcareers in crypto.
These platforms have become the preferred options for starting and maintaining vibrant crypto communities.
Benefits of Crypto Communities
Crypto communities' primary advantage is offering their members a sense of belonging.
These communities provide crypto start-ups with a medium for effective communication, customer service, and engagement.
Communities also provide investment and profit-making opportunities for new or existing cryptocurrencies.
The Influence of Crypto Communities
Crypto communities are influential due to their growing member base.
These meet-ups serve as avenues to bring in and educate new people interested in cryptocurrency.
This is the same principle that applies to crypto communities.
Every crypto community member typically becomes a crypto evangelist spreading the word about crypto and its benefits.
Crypto communities have emerged as one of the biggest catalysts for the adoption of crypto globally.
These communities help onboard people to start learning and using cryptocurrency.
