In the previous blog post, we shared important strategies about ICO and cryptocurrency marketing. In this post, you will know some awesome marketing strategies for STO, IEO, IDO and Defi projects. Let’s get started.
The world is full of duplicate ideas, copied content and opportunity seekers, and marketing here is the hope for businesses to achieve their business goals a bit easier.
It is not a shortcut to success, but no matter what industry you find yourself in, a marketing strategy can play a very important role in the success of your business. Basically, marketing gives the exposure your project or business needs by bringing it in front of a broad and relevant audience.
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However, to achieve the goal and reap all the benefits, a marketer has to create a strong and consistent marketing strategy. A proper marketing strategy is even more important when it comes to ICOs and decentralized finance projects. This is due to the lack of trust along with the restrictions placed on their marketing by the internet giants.
With around 4000+ cryptocurrencies, the crypto market has been expanding dramatically over the past few years. And with the increasing popularity, many businesses are popping up to seize the opportunity.
If you have a decentralized finance (DeFi) startup or project, you need to gain traction among so many competitors. Creating a digital marketing strategy is a great step if you want to promote your business. Before starting a marketing campaign or even before outsourcing marketing services, you, as a business owner, need to have all the basic details of this market. Let’s start with the introduction of IEO, IDO, STO and decentralized finance (DeFi).
- What is STO, IDO And IEO?
- What is ICO?
- What is STO?
- What is IDO?
- What is IEO?
- What is Decentralized Finance (DeFi)?
- The most effective marketing strategies for STO, IEO, IDO and Decentralized Finance (DeFi)
- 1. Create a Landing page
- 2. Collect Emails
- 3. Utilize the power of LinkedIn
- 4. Use Social Media Platforms
- 5. Influencer Marketing
- 6. Airdrops
- 7. Press Release
- 8. PR and Media Outreach
- 9. Listing of major ICO events on calendars
- 10. Bounty Campaigns
- 11. Podcasts
- 12. Affiliate Marketing
What is STO, IDO And IEO?
IEO, IDO, STO and decentralized finance (DeFi) all are fund-raising methods in the cryptocurrency world. Here, we are explaining each of these methods one by one.
What is ICO?
ICO is an acronym for Initial Coin Offering. This is a popular method of fundraising. This method is mainly used by startups wishing to offer products and services, usually related to the cryptocurrency and blockchain space. Some ICOs have given huge returns to investors. Many other fraudsters have turned out to be or have failed or performed poorly.
What is STO?
An STO is similar to an IPO, where a portion of the company’s shares is sold to people to get money. Read the STO marketing guide here. In this method, new projects are introduced with a new crypto-coin and then it is offered to investors in exchange for other more valuable cryptocurrencies, such as bitcoin or Ethereum.
It is different from ICO, STO includes security tokens. A security token represents an investment contract in an underlying investment asset, such as bonds, stocks, funds and even real estate investment trusts (REITs).
What is IDO?
IDO stands for Initial DEX Offering. It is a new and exciting kind of decentralized and permissionless way of crowdfunding. It is the successor to other crypto fundraising models and is opening up a whole new way of fundraising in the crypto space. In this, a project launches a coin or token through a decentralized liquidity exchange.
What is IEO?
IEO stands for Initial exchange offering. Crypto projects are loving this way of raising funds these days. It is a process in which a cryptocurrency exchange platform acts as an intermediary between start-up companies seeking crowdfunding and users wishing to invest in these projects. Read the IEO marketing guide here.
What is Decentralized Finance (DeFi)?
Decentralized finance (DeFi) is a modern way of payment, as well as digital or virtual currency that is tightly protected by cryptography, which makes it nearly impossible to counterfeit or double spend.
Decentralized finance (DeFi) let you buy goods and services or trade them for profit. Companies issue their own cryptocurrencies, often called tokens, which can be traded exclusively for a good or service provided by the company.
Many people misunderstand ICO, STO, IEO, IDO and decentralized finance (DeFi) as the same thing and it results in miscommunication between you and the marketing team. So, before approaching a marketing company – crosscheck your requirements.
To help you in a better way, we are here with 12 marketing strategies for ICO’s and cryptocurrencies that actually work:
The most effective marketing strategies for STO, IEO, IDO and Decentralized Finance (DeFi)
ICO, IDO, IEO and cryptocurrency require marketing help to achieve their goals. Basically, a marketing plan consists of various marketing tasks or elements which can be also known as marketing strategies and today you are here with some of the most effective marketing strategies, so take a look at
1. Create a Landing page
A landing page is a web page that features all the basic details about the project and coin sales. This is the first place from where even the most serious investors will start their research.
So if your project doesn’t have a professional website, you are losing the game in many ways. This also sounds true, because why would anyone take a technical project seriously if there is no informational website?
Make sure that your website is following relevant and meaningful design trends. Also, check the framework and platform it is based on.
It has been observed that most of the time, a single-page website is enough for attracting visitors, but an up-to-date blog will work like a booster.
2. Collect Emails
When the push notification service first came into action, many experts thought that email marketing will be dead soon. However, email marketing survived and actually has been doing great.
When you are marketing your project, brand, or product, you should always collect emails. Your marketing team should do this from the very beginning of your IEO, STO, IDO or Defi-based project. It may take time to build a list of customers. But it is the most effective way to reach a target market.
3. Utilize the power of LinkedIn
Networking is vital in any industry, but for a project that is already low on trust like blockchain, it is even more important. It will be best if you establish relationships at every opportunity, and LinkedIn is probably the most efficient way to do this.
Marketers can also use some useful tools like Linked Helper. By properly utilizing the power and reach of LinkedIn, ICO, STO, IEO, IDO and decentralized finance (DeFi) marketing team working on the project can automate the process of increasing reach to potential sponsors and influencers on the platform.
Users on this platform are responsive to messages and are open to cold messages or inquiries, even from strange people. This is a major advantage this platform offers over other social media platforms. If you are a newcomer to this market, you should make the most of LinkedIn’s networking capabilities.
4. Use Social Media Platforms
There are some restrictions on promoting coin sales directly on some social media platforms, but there are many ways and many things related to your projects you can share on all these social media platforms.
ICO, STO, IEO, IDO and decentralized finance (DeFi) projects must have to be on social media platforms, so more people can know about them, and also have the option to connect with the team directly. You can start with Facebook, Twitter, LinkedIn, and Instagram. However, apart from just sharing your projects, it is equally important to keep these channels up-to-date.
It is important to keep all social media pages up-to-date so that when visitors visit your social media pages, they find something relevant, something informative about your project. Without any posts or updates, it sends all the wrong signals. Similarly, marketers need to ensure that every question is answered and that adequate feedback is given to each comment.
By connecting with your target audience and keeping them engaged, you can build a thriving online community. In the crypto industry, building a loyal community is a powerful way to promote your brand, and social media can help you in the best way possible.
5. Influencer Marketing
Influencer marketing has become a major part of the marketing budget of companies and marketers. It has become important in almost any industry, as it gives more reach to people through the influencer’s loyal followers.
However, choosing the right influence is very important in this method of promotion because if you bet on the wrong influencer, your project will also get famous for the bad thing attached to that influencer’s name.
Airdrops are still a very effective way to promote ICO in the cryptocurrency industry. For any new project, offering free coins/tokens to people can help you to grow your community and get more investors. It is obvious that the more free coins/tokens you provide, the more your ICO, STO, IEO, IDO and decentralized finance (DeFi) popularity and community will grow.
7. Press Release
It does not matter who publishes or does not publish your press release; It is necessary to have one. There are a bulk of cryptocurrency websites and agencies that allow publishing press releases, and there are a few more who are constantly in search of new projects to write about every day. These crypto-based websites usually have a very defined audience, which will directly match the target market for your projects.
Writing a press release sounds like a simple task, but writing a good cryptocurrency press release takes extra effort on your part. You can get inspiration from a blueprint of a standard press release and change it to fit your company. Anyway, for a crypto press release to be effective, you need to know which parts of your news are highlighted. Potential customers are looking for accurate information. Give this information to them right away so they don’t have to dig for it.
The crypto industry is already challenging enough for people to understand, thus it is also advised that you stay away from any jargon as well. Keep it simple and straightforward.
8. PR and Media Outreach
You can also reach out to media professionals to promote your IEO, STO project because, with their wide reach, they can play an essential role in providing exposure to the public.
Even though there are a plethora of media platforms, sending relevant content like press releases and sponsored stories to media publications is an easy and effective way to reach investors in the cryptocurrency market.
Typically, PR and media outreach only need to be done in the initial communication process. If done properly, awareness will come naturally.
9. Listing of major ICO events on calendars
If your ICO is new and you are looking for exposure, publishing important events regarding ICO & including Initial Coin Offering (ICO), Initial Exchange Offering (IEO), and Security Token Offering (STO) and Decentralized Finance (DeFi) on major crypto calendar websites will be a very beneficial move. You can also mark milestones or monthly update reviews there to keep everyone up-to-date. Users and investors love transparency, thus it will also help you to win their trust.
10. Bounty Campaigns
Bounty programs are incentives that are made available to participants for various activities related to ICOs. In this process, companies holding the ICO offer rewards/tokens for those who have completed some given and common tasks that helped the company to promote their ICO, STO, IEO, IDO and decentralized finance (DeFi).
Not all projects depend on bounty campaigns or programs, but if included in planning, it can be quite rewarding on many levels. While this is mainly used as a cryptocurrency promotional tactic, it can actually do wonders for your ICO.
In most cases, participants actually promote the company’s ICO, STO, IEO, IDO and decentralized finance (DeFi) in between their followers and knowns. And as they spread the ICO across the various platforms, people get engaged and then they start to use the project’s features or invest in it directly. In this way, the ICO, STO, IEO, IDO and decentralized finance (DeFi) gets promoted and the participants get rewards.
Since the process of an ICO is divided into two phases, bounty programs can encourage developers to find bugs or provide feedback on design elements. Those who test and find flaws in the blockchain are awarded rewards also known as bug bounties.
After the launch of the ICO, STO, IEO, IDO and decentralized finance (DeFi), the priority is to fix the released blockchain. In that case, rewards could also be given to translators who help ensure that blockchain has a global reach by translating documents related to development and marketing.
In the last few years, podcasts became very popular and a well-trusted way of promotion. It can play a pivotal role in the promotion of your ICO, STO, IEO, IDO and decentralized finance (DeFi) project. Podcasts can provide opportunities to reach a wider audience and share your idea, plan and details to listeners.
You can also publish audio content that is considered more effective these days. Interviews are also an effective way to make people aware of your projects.
12. Affiliate Marketing
Affiliate marketing is the process where affiliates earn a commission fee for marketing another person’s or companies’ products or services. The process is quite simple, where consumers and affiliates search for the product of their choice. Promote the product and make a profit from every sale that is coming from them.
There are many ecommerce websites that are using this marketing strategy to boost their sales and promote their product or services. There are many cryptocurrency projects that are using this promotion strategy to attract more investors.
These 12 marketing strategies are in trend now and many ICO, STO, IEO, IDO and decentralized finance (DeFi) projects are using one or more strategies from this list. If you want to make your IEO, STO IDO or crypto project successful, you should use these for your ICO. However, implantation of these marketing strategies is not that hard especially in an industry jam-packed with competitors, and that’s why we would like to suggest hiring a professional for this job.
If you are looking for an ICO and cryptocurrency marketing company, then SAG IPL is here for you. SAG IPL is Jaipur based full service IT company that provides various ICO, STO, IEO, IDO and decentralized finance (DeFi) based services. We have a team of experienced staff, and all the resources to make your IEO, STO IDO successful. We will complete the project in time and at a very economical price. Thus hurry up call SAG IPL now.