Tokenization of digital and physical assets is moving mountains like never before. With blockchain and crypto, anyone can create a token with an incentivization system. This is tokenomics …. Token and Economics …. Collectively the sum of these systems is an incentivization system that humans have never seen or experienced before. That is why tokenomics is important for community growth.
Helium presents one the best cases where incentivization or tokenomics grew community across the globe. Helium created a wireless network of over 680,000 nodes in 166 countries in just 3 years … how so fast? They used citizens and incentivized them through HNT tokens in exchange of providing wireless hotspots for IoT devices across the world. These hotspots power the Helium Network and people running the hotspots are rewarded with HNT tokens. So, it’s a win-win for both Helium and the people running the network. This is one of many examples of how tokens are helping businesses grow exponentially while also providing value and incentives to their participants.
A well planned-out strategy is the one you want to take, so check out our Tokenomics blog to understand the fundamentals or get in touch with our Hypermode Crypto Consultants to take your community to the next level.
Now that we have learned about the key aspects of creating a great Crypto community, it’s important to know how a specific platform can be used to engage the community.