Currently, there is a load of hype going in the market with the Cryptocurrencies. A couple of years back, we only knew the developers who were used to talking about cryptocurrencies. But today, almost everyone is talking about cryptocurrencies.
The rise in the popularity of the Cryptocurrency in the last couple of years was due to social media platforms’ proactiveness. In recent years, you must have seen people talking band sharing news of the cryptocurrencies.
In this article, we will discover how social media post has been one of the main characters who has played an essential role in creating awareness of the crypto. Also, we will focus on social media aspects that have helped boost the popularity of the Crypto coins.
What is Cryptocurrency?
Cryptocurrencies are decentralized digital currency that is powered by the blockchain technology. Was the definition too hard for you? Let me explain to you more uncomplicated pointers.
- Cryptocurrency is the digital currency that works on a decentralized platform.
- The technology that powers the Cryptocurrency is blockchain technology.
- Blockchain is a network that used public ledger principles.
- With the general ledger principle, an individual can share information and do peer to peer financial transactions.
- As it is decentralized, no institution holds authority over it. That means members present in the network are combined owners.
So, you can imagine the advantages that you can get with this kind of digital currency. There are no third parties involves, you do not have to worry about bank inflation, and keys protect the account.
How are Cryptocurrencies using Social media platforms?
Social media platforms are the most powerful platforms on the internet. At any given moment, you will find millions of users. And the Cryptocurrency has used these numbers quite well.
Here is a quick look at how Cryptocurrency has used social media platforms:
- Educating people
One of the biggest hurdles for the Cryptocurrency was to find a suitable platform to educate their audiences. In search of the right platform, Cryptocurrencies found that social media is the right pick for them. The concept of the Cryptocurrency and the blockchain is not one of the most fundamental ideas that anyone can grasp with some words. So, this where video content on social media came in handy.
Cryptocurrencies used the video content to host webinars to educate their potential audiences to create awareness. They even launched TV shows.
- Creating communities
Cryptocurrency also used the social media platform to create communities. Among these communities, there are a handful of Crypto professionals who used to impart their valuable knowledge to the community. They regularly post infographics and encourage people to be a part of the community.
Medium is a blogging platform that was created by the owner of the Twitter itself, Evan Williams. This platform has also played an essential role in making Cryptocurrency accessible.
Here are some of the features of the Medium with unique advantages.
- You get tagging features with the articles. These features come in handy in tagging people who might be interested in your articles.
- $5 subscription fees are paid to the authors, based on the popularity of their articles.
Cryptocurrency tags are prevalent on this platform. Articles written on Cryptocurrency works well on this platform.
How do exchanges happen on social media?
Cryptocurrency is not the only reason for making them self-popular. Activities like crypto exchanges and trading are also significant facts that are responsible for making accessible.
Let’s have a look at how cryptocurrency exchanges are driving engagements.
- Customer supports and alerting
Social media does not have any kind of account system, but it does have its ways to contact the right audiences for making financial transactions.
- Industrious news and updates
The Cryptocurrency community love to know all the current happening in the crypto trade market. This let all the people know what is happening in the present Crypto trading world.
- Employee appreciations
Social media platforms are limited to finding the right audiences, but some of the large-scale companies also use social media platforms to hire employees.
- Discount and offers
Another big trend that companies are using for engagement is giving a discount to their audiences.
Cryptocurrency is on a revolution phase and is disrupting the market at a rapid rate. If you also want to be a part of this revolution, join the bitcoineras.