The year 2022 has been a rollercoaster for crypto entrepreneurs and enthusiasts alike. While the beginning of the year gave a much-needed boost in the crypto market through price surges, the last few months have been overwhelmingly bearish. This can be seen by the historic decrease in Bitcoin’s value, along with all other cryptos. Such a trend can be attributed to the geopolitical circumstances, although it was said that external factors would not affect cryptos in any way.
Before Anything Else, Here’s What are IDOs for the Newcomers!
Initial DEX Offerings (IDOs) are crypto-token offerings that help Web3 startup projects to raise funding, similar to the crowdfunding campaigns through initial public offerings (IPOs) in the stock market. The method is relatively new compared to its now-less used counterparts, ICOs (Initial Coin Offerings) and IEOs (Initial Exchange Offerings). IDOs use decentralized crypto exchanges (DEXs) for listing, trading, and liquidating project tokens. They also incur fewer expenses for token listing and allow instant token trading, which proved revolutionary in the evolving crypto fundraising world.
The Need for IDO Marketing Services
IDO marketing services in the current age are a staple need for a Web3 startup aiming to raise capital. This is because it is important to register your brand in prospective investors’ minds as the competition is intense. It is important to note that promotions, in this case, need to be more informative than eye-attracting as the primary end goal is making an investor buy the project’s tokens and trade them or participate as a community member. The blog now moves to provide details on IDO marketing strategies that have been efficient in one of the volatile half-years of the crypto market.
IDO Marketing Strategies to Ensure Success
Community Engagement
Building a powerful community is one of the important IDO marketing strategies. Discord and Telegram have been havens for crypto enthusiasts, and through user-focused groups, IDO projects can promote their tokens through various engaging activities. Quora, Reddit, and Clubhouse are other platforms where community building is possible for IDO projects.
Simple but Powerful Press Releases
Press releases have always been pivotal for new crypto ventures, and it stays the same for IDO projects. Articles that concisely focus on the project’s concept with simple text can help more people understand and believe in the venture. It is essential to publish IDO-related press releases on highly-rated platforms.
Social Media Management
The global growth of social media and Web3 has been parallelly happening, which allows social media platforms to be used as a game-changing IDO marketing strategy. Projects can maintain their official pages and publish explanatory and informative content related to their venture on platforms like Twitter, Facebook, LinkedIn, and Instagram.
Influencer Marketing
While using influencers might look like a strategy only applicable for Web3 products, IDO projects can benefit from these individuals if craftily used. IDO influencers can promote your IDO tokens with insightful and engaging content featuring themselves, and projects can even get their suggestions that can prove to be valuable.
Email Marketing
Emails can be a way to directly reach prospective IDO investors, which can be useful once you have a community. Sending tailored messages that precisely convey the goals of the project and the problem it tries to solve can help prospective investors make informed decisions to buy IDO tokens.
Content Marketing
Another prominent IDO marketing strategy, content marketing, can be utilized to reach the general Web3 community. Blogs, posters, videos, and audio clips can aid IDO projects in garnering traction. Such types of content, added with perfect SEO tactics, can pave the way for generating community interest for the IDO project.
Paid Advertising
Often overlooked due to its invasive nature, paid advertising can be ideal for IDO projects when community strength is unavailable in the initial stages. Google Adwords and paid promotions through social networks such as Facebook, Instagram, and LinkedIn can be used to promote IDOs, although they impose a few restrictions.
What Should I Do?
If you are an IDO project owner looking to raise funds and build a community, approaching an IDO marketing services provider will be the ideal option. Such agencies work with the above proven and successful IDO marketing strategies in 2022 to promote your IDO tokens anytime. You can even have a tailor-made marketing campaign for your project that fits the nature of your business. Reach out now to gather funds and a trustable community for your Web3 business.