Developers and project managers often underestimate the power of the community, since this is what drives every project to its full potential. However, in recent years blockchain technology and cryptocurrencies projects have become more community-based, as the community drives the expected use cases.
What is a community?
The community is a reflection of people with similar characteristics and passion with a common goal. The community contributes to the growth and development of each other and ensures the progress of one is the progress of all.
In recent times, to say people are bonded by their bloodlines alone is a bit myopic, especially in the crypto-space. This is evident in virtually everyone’s journey in their quest for knowledge in the crypto space. One way or another, this has created a community of people from different nations and walks of life, mostly in a virtual world but closely bonded together.
As a result, people have been able to hold meetups and conferences in a global way, traveling far and wide just to attend such events. Gatherings like these have opened up an abundance of opportunities for people without jobs to find career paths that are still evolving for them every day.
In this article, I would like to highlight just three major benefits of growing a community, though there are many more.
- Growing projects always have a high impact on the price of the associated community coin or token. As a result, the more community members participate in purchasing the associated project token, the more valuable the token becomes and the greater the value.
- As the popular saying goes, “The more the merrier” and where there is a high number of community members in a community, the community members can easily be mobilized to bring their votes in to ensure the success of the community. Listings on an exchange, for instance. For an exchange to list a token or coin, they typically look at the number of members in the community.
- The community serves as the node validator: some projects or tokens are developed to allow the network to validate its protocols. Some coins require community members to download the project’s wallet and, as such, become validators of the network, as these community members who own the token tend to have a hand in validating the network. You can find examples of this on the Bitcoin, Litecoin and Digibyte networks.
Klever has developed a distinctive community, such that it has transformed into a family as evident from the core team members to the community members to every employee. Having moved from a community to a family, we have formed a very close bond amongst ourselves.
It is indeed a Klever family bonded by mutual respect and love.
James Enajite
Klever Writer
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