Community is one the most important aspects of any project in the crypto space. Exploring the cryptocurrency community around any project is a worthwhile research exercise for any investor. Distributed ledger technology by its nature requires a network. The owners of the machines on the network subsequently form a community around the project. The open source nature of the industry means cryptocurrency community members can be active project contributors. This is in contrast to traditional enterprises where without ownership or employment access is impossible.

A good community can help hasten adoption and drive interest in the project. Organic word of mouth is still the most effective marketing channel both on and offline. The hallmarks of a good community are presence, engagement and relevance. Presence referring to the amount of people actively contributing to the community. Engagement meaning there is interest beyond price dips and pumps. Motivation refers to the intrinsic motivations driving the community. Are they trying to build something or trying to bank a quick profit?

Bitcoin Cryptocurrency Community

Befitting its status as the first cryptocurrency, the Bitcoin cryptocurrency community is the best, quantitatively and qualitatively. Most of the earliest and sharpest crypto minds are big fans and active participants in the Bitcoin cryptocurrency community. The bitcoin subreddit remains among the most active in the crypto space.

It is worth noting here that the unknown Satoshi still holds a million Bitcoin. This is a notable contrast to a lot of more recent ICOs where the founders have been eager to sell their coins and make money. The Bitcoin cryptocurrency community is undoubtedly here to stay. The proactive community is a key factor in Bitcoin’s 51% market dominance.

Ethereum Cryptocurrency Community

Vitalik Buterin is one of the most recognisable founders in the crypto space. Therefore credit must go to the Ethereum cryptocurrency community who’s reach has enabled Buterin’s profile. The versatility of the platform, the ability to do pretty much anything makes it a favourite of developers. The Ethereum developer community is active, circa 2000 dapps is testament to this.

Ethereum holds an appeal for developers much like Bitcoin holds an appeal for anarchists and libertarians. The possibilities of the platforms have inspired an almost religious fervour in their followers. Ethereum also scores big points for the creation of the Ethereum Community Fund. The fund was created by startups working with the Ethereum blockchain. The goal of the fund is to help finance promising projects looking to build infrastructure on Ethereum.

DogeCoin Cryptocurrency Community

DogeCoin is a project that began as a meme and despite some hard times continues to be relevant. Consequently, its cryptocurrency community is different to most others in the crypto space. The underlying joke concept means Dogecoin is a testament to the magic a good community can bring. While most early stage investors were hodling altcoins, DOGE holders were giving them to people for free. While some viewed this as people giving worthless junk to others it has undoubtedly hastened adoption.

Members of the Dogecoin community have generously donated to sponsor a Doge-themed NASCAR car. They’ve conspired to send an actual physical Dogecoin literally to the moon. The community has also donated Dogecoin to charity, sponsoring digging wells to provide clean drinking water in Kenya. These types of actions make the Doge community fun to be a part of, which in turn has resulted in Doge’s unlikely position among the top cryptos. The Dogecoin community is an opening and welcoming community. Dogecoin chat tending to be mercilessly free of trolling and price obsessives.

EOS Cryptocurrency Community

Any project that manages to set an ICO record of $4 billion dollars can be justifiably said to have a great community! Dan Larimer’s other projects BitShares and Steemit enjoy great popularity and undoubtedly share a lot of fans with EOS. The EOS community is bullish about its future prospects. Therefore, you will grow accustomed to seeing grand declarations of topping Ethereum or Bitcoin.

The most impressive facet of the EOS cryptocurrency community for me is the active rate of development. EOS has rivalled TRON for the most active code repository in the crypto space. Allied to this the EOS social media follower numbers are very impressive. I expect this project and its community to continue to grow in the mid term future. The release of the mainnet should precipitate a slew of EOS dapps in the next year.

Lisk Cryptocurrency Community

Lisk’s approach to software development has made it popular, so it’s community is one of the most impressive in the space. The open source development community around Lisk is active and productive. The Lisk project make a real effort to engage with the community. There are regular giveaways to supporters. While the Lisk community is known for focusing on real improvements rather than whining about price movements.

The ethos of decentralization is a major issue for many in the crypto community. In contrast to other projects which are gradually working towards decentralization, Lisk is already there. Lisk’s governance structure ensures a high level of community engagement. Since nodes are elected and in turn distribute rewards to the stakeholders who voted them in. Consequently, this participatory governance structure is already paying off in terms of community participation.

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