In the past few years, the crypto industry has shifted to alternative models for the US market, such as Security Token Offerings (STOs), Initial Exchange Offerings (IEOs), and Regulated Token Offerings (RTOs). Continue reading to learn more about IEO, its effective marketing tactics, objectives to achieve, and key performance indicators (KPIs).
What is an IEO?
The most popular fundraising technique in the crypto industry today is the ICO, although STO and IEO are close behind. An Initial Exchange Offering is conducted via cryptocurrency platforms and exchanges.
In reality, it is crypto exchanges that solicit money on behalf of companies in IEOs. They must fulfil the required obligations and use due diligence. Projects that elect to hold a token sale on the exchange platform must pay a listing fee to the platform.
It should be noted that IEOs do not provide crypto tokens to the general public.
IEO Marketing Strategies and Goals - What KPIs should you be tracking?
Before moving on to the top marketing strategies for a successful IEO marketing campaign, let us first have a look athe goals and KPIs (that one should track).
Goals of IEO Marketing
- Create a vibrant and active community of retail investors, not simply bounty hunters and airdrop participants.
- Boost traffic to your website and your IEO profile on the exchange.
- Create a healthy awareness of your product, purpose, promotional efforts, and IEO.
- Rally content and product advocates to your cause and IEO, and they will interact, share, and generate content on your behalf.
Top Strategies for a successful IEO Campaign
Exchanges’ IEO launch services include basic marketing, such as sending out social media blasts and newsletters. You must accept new methods to IEO marketing and use them to optimise exposure for your own project if you want to have a strong digital presence.
Here are five practical methods for developing a successful IEO marketing plan that will get you where you want to go.
Do you have a whitepaper?
The project whitepaper is most likely the greatest method for investors to learn about your idea. To begin, you should have a well-written and up-to-date whitepaper. The whitepaper should include all essential information about your project, including as the technology, business strategy, and token scheme, as well as the project team. Remember that exchanges are quite concerned with their reputation. As a consequence, they perform extensive due diligence on blockchain initiatives. As a result, ensure that your technology is feasible, compelling, and promising.
Aside from the whitepaper, it is critical to have a contemporary and professional website to display what you have to offer. A responsive website is an excellent method to connect with investors and strengthen your brand.
Make community involvement a priority
Consider engaging your target audience as a fantastic approach that will help you improve your IEO marketing efforts. Community involvement is very important and should be prioritised. Why? Because it provides you with a clear picture of who your investors are and what they want! Engaging investors allows you to tailor the experience to what they want. If you want to develop a solid connection with your investors, emphasise delivering regular updates and reacting to community queries and comments.
Public relations and media relations
After you’ve completed the website, whitepaper, and community involvement, the next stage is to raise awareness about your project. PR (press release) and media outreach can assist you in doing this. To do this, write an article and get it disseminated to a number of bitcoin news sites. Whatever method you pick, be sure you provide value to the community since poor material will not help you get visibility. The article may be about the difficulties you’ve discovered in a certain sector and how your solution will address these issues.
Good public relations will assist you in gaining reputation within the crypto industry. It may also put you in a good position to be approved by the exchange since you already have a lot of support.
While the IEO is active, you may expand your reach by holding competitions, airdrops, and AMAs. AMA (ask me anything) is an excellent method to increase active followers and get everyone engaged.
Marketing on social media
One of the most effective strategies for IEO marketing is social media. People like social media because it enables them to express their thoughts and views on a variety of subjects. As a result, being proactive while utilising social media is a smart idea. This implies that you should begin by publishing updates about your project to build awareness and interest. Twitter, for example, is an excellent medium for communicating with your audience and interacting with crypto influencers and businesses. Because Reddit is the hub of the cryptocurrency community, you’re more likely to receive maximum exposure here. To be successful, you must produce high-quality material that is both useful and relevant.
Furthermore, if you want to create a strong community around your product, you should always maintain an active Telegram group.
Team up with a trustworthy exchange
Your IEO marketing isn’t complete unless you list your project on a recognised exchange. When choosing a crypto exchange for your first exchange offering, consider its popularity, since a more popular exchange will let you to sell to a larger network of investors. This may also help you generate funds more quickly.
Finding the proper exchange is not always easy. For blockchain initiatives to be listed on exchanges, exchanges undertake extensive screening. Consider collaborating with an IEO marketing firm that specialises in conducting marketing operations for IEO projects to improve your chances of getting your project authorised. A good IEO marketing company has a one-of-a-kind connection with the exchange, which involves screening and proposing extremely prospective blockchain ideas for IEO to the exchange. Furthermore, they will assist you in reaching the greatest number of investors possible in order to have a successful token sale.
Bounty campaigns 2.0
Bounty campaigns 2.0 are embedded inside your site as a subdomain – for example, bounty.yoursite.com – so that bounty hunters may perform all of their social activities and bounties directly via your subdomain, creating a smooth, transparent, and gamified experience for them.
Conclusion
Finally, IEO provides a fantastic chance for entrepreneurs to obtain money in a transparent, secure, and timely manner. To capitalise on this potential, businesses need develop a strong IEO marketing plan. It is also critical to hire an IEO marketing firm to help you with the launch, listing, and promotion. Above all, a bitcoin marketing firm’s experience and strong investor relationships may provide you with access to larger financing pools and increased brand recognition.
