As the cryptocurrency market continues to expand and evolve, initial exchange offerings (IEOs), initial decentralized offerings (IDOs), security token offerings (STOs), and decentralized finance (DeFi) have emerged as popular fundraising models for blockchain startups. While these models offer unique advantages and opportunities, their success ultimately depends on effective crypto marketing strategies. In this blog post, we’ll explore the top effective ICO, IEO, STO, and DeFi marketing strategies for 2024.
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 ICO, IEO, IDO, STO, and decentralized finance (DeFi).
What Are ICO, STO, IEO, And DeFi?
ICO, STO, IDO, IEO, 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?
An Initial Coin Offering (ICO) is a fundraising mechanism used by companies or projects based on blockchain technology to raise capital by issuing and selling new cryptocurrency tokens to investors.
An ICO can be seen as a type of crowdfunding campaign where investors buy tokens in exchange for cryptocurrencies like Bitcoin or Ethereum, or fiat currencies like dollars or euros.
The concept of ICOs originated from the traditional Initial Public Offering (IPO) model where companies raise capital by selling shares of their stocks to investors in exchange for ownership in the company.
However, ICOs are different from IPOs in that investors do not own any shares in the company but rather own a certain amount of cryptocurrency tokens that represent a stake in the project or company.
What is STO?
STO stands for Security Token Offering, which is a fundraising mechanism that involves the issuance of digital tokens that represent ownership in a real-world asset such as stocks, bonds, or real estate. These tokens are issued and sold to investors in compliance with securities laws and regulations. View the STO marketing services here.
STOs are similar to Initial Coin Offerings (ICOs) in that they are both fundraising mechanisms that involve the issuance and sale of digital tokens. However, the key difference between the two is that STOs are backed by real-world assets and are subject to securities regulations, while ICOs are not.
What is IDO?
IDO stands for Initial Decentralized Offering, which is a type of fundraising mechanism used by decentralized finance (DeFi) projects to raise capital through the sale of newly minted cryptocurrency tokens.
Unlike traditional ICOs or STOs, IDOs are decentralized and take place on a blockchain-based platform that allows for a more open and transparent fundraising process. IDOs typically take place on decentralized exchanges (DEXs) such as Uniswap, where investors can directly purchase the project’s tokens using cryptocurrency.
In an IDO, the project will typically create a new cryptocurrency token and then release it for sale on a DEX. The token sale is usually open to anyone who holds a certain amount of cryptocurrency like Ethereum or the native token of the DEX.
Investors can then purchase the new tokens using their cryptocurrency, with the price of the tokens determined by the supply and demand on the DEX.
What is IEO?
IEO stands for Initial Exchange Offering, which is a fundraising mechanism used by blockchain-based projects to raise capital through the sale of newly issued cryptocurrency tokens on a cryptocurrency exchange.
In an IEO, the project will partner with a cryptocurrency exchange, which will conduct the token sale on its platform. The exchange will typically conduct due diligence on the project before agreeing to host the IEO, in order to ensure that the project is legitimate and has a strong chance of success.
During the IEO, investors can purchase the project’s tokens directly on the exchange using cryptocurrency or fiat currency. The exchange will typically take a commission on the sale, and the tokens will be listed on the exchange for trading once the IEO is completed. 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) lets 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 crypto or ICO marketing strategies for ICOs and cryptocurrencies that actually work:
The Most Effective Crypto Marketing Strategies
The emergence of ICO, STO, IEO, IDO, and DeFi has revolutionized the world of fundraising and investment by leveraging the power of blockchain technology. However, with the increasing number of projects launching on these platforms, it has become increasingly challenging to stand out from the crowd and attract investors.
Therefore, effective marketing strategies are crucial for the success of these projects. Here, we will discuss the most effective ICO, STO, IEO, Defi, and IDO marketing strategies for achieving marketing goals.
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 ICO, 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 for social media marketing.
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 that 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
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), 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) 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) get 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 with listeners.
In modern times, publishing audio content has become increasingly popular and effective. Conducting interviews is a particularly impactful method for promoting your projects and raising awareness among people.
12. Host Events and Webinars
Hosting events and webinars is an effective way to connect with the community and promote the project. This can include hosting virtual conferences, webinars, and meetups. These events can help to generate interest, provide updates, and engage with the community.
13. Engage with the Community
Engaging with the community is essential for building trust and credibility. This involves actively participating in online forums, and social media groups, and hosting AMA (Ask Me Anything) sessions.
The project team should be available to answer questions, provide updates, and respond to feedback from the community. This can help to create a loyal and supportive community that will help to promote the project.
14. Affiliate Marketing
Affiliate marketing is the process where affiliates earn a commission fee for marketing other people 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 14 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, the 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 a cryptocurrency and ICO 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.