{"id":2025,"date":"2019-01-09T16:31:30","date_gmt":"2019-01-09T16:31:30","guid":{"rendered":"http:\/\/vyper.io\/blog\/?p=2025"},"modified":"2022-09-05T08:35:12","modified_gmt":"2022-09-05T08:35:12","slug":"the-simple-guide-to-blockchain-marketing-using-viral-contests","status":"publish","type":"post","link":"https:\/\/vyper.ai\/blog\/the-simple-guide-to-blockchain-marketing-using-viral-contests\/","title":{"rendered":"The Simple Guide to Blockchain Marketing Using Viral Contests"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Are you building a product or service that involves blockchain technology, or are you planning on running a token sale, airdrop, ICO, or STO at your blockchain startup? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With \u2018blockchain\u2019 being one of the primary buzzwords in today\u2019s tech and marketing landscape, how do you help your startup stand out and show the true value of your product to your early adopters, potential users and investors? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Community building, social validation and\u00a0blockchain marketing!<\/span><\/p>\n<p><b>In other words:<\/b><span style=\"font-weight: 400;\"> building a large following of people that see the value in your company\u2019s vision. These followers should be willing to spread the word about you, whilst gaining some form of value for themselves in the process of doing so.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2046\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-1024x536.png\" alt=\"The Marketing Guide for Blackchain Projects\" width=\"1024\" height=\"536\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-1024x536.png 1024w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-300x157.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-768x402.png 768w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-1240x649.png 1240w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-860x450.png 860w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-680x356.png 680w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-500x262.png 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-400x209.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-200x105.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects-50x26.png 50w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/the-marketing-guide-for-blackchain-projects.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Here are a few of the best\u00a0blockchain marketing steps to get started in growing your own community: <\/span><\/p>\n<h2>1. Understand your product and find your brand<\/h2>\n<p><span style=\"font-weight: 400;\">Before anything else, make sure you understand your own product and value proposition better than anyone else. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This may seem superfluous, but it\u2019s critical for you to dive deep into your business\u2019s own fundamentals. <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">What are your (assumed) value propositions, and have you validated these? <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Have you found your product\/market fit? <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Does your product <\/span><i><span style=\"font-weight: 400;\">need <\/span><\/i><span style=\"font-weight: 400;\">blockchain or its own <a href=\"https:\/\/cryptotaxcalculator.io\/guides\/crypto-tax-australia\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a>? <\/span><\/li>\n<li><span style=\"font-weight: 400;\">If so, are you planning to use a security token, utility token, or otherwise?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Although it\u2019s difficult to understand these things early on in your company\u2019s journey, having these fundamentals in place will help you define your brand before you put lots of effort into marketing your blockchain project. <\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2050\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects.png\" alt=\"marketing blockchain projects\" width=\"452\" height=\"494\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects.png 452w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects-274x300.png 274w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects-400x437.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects-200x219.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/marketing-blockchain-projects-50x55.png 50w\" sizes=\"(max-width: 452px) 100vw, 452px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This means that once you do start building your community, you\u2019ll have a head start and a competitive advantage because you won\u2019t be needing to change your product\u2019s messaging somewhere along the way. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At this stage, focus on your <\/span><i><span style=\"font-weight: 400;\">story <\/span><\/i><span style=\"font-weight: 400;\">and <\/span><i><span style=\"font-weight: 400;\">narrative <\/span><\/i><span style=\"font-weight: 400;\">from the customer\u2019s point of view. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Slapping the words \u2018decentralised\u2019 and \u2018blockchain\u2019 onto every part of your product messaging doesn\u2019t work like it may have used to. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Focus on the <\/span><i><span style=\"font-weight: 400;\">solutions<\/span><\/i><span style=\"font-weight: 400;\"> that your product provides to your users: how does it make aspects of their lives easier, or how does it save them money? <\/span><\/p>\n<h2>2. Find a way to connect with your ideal community members<\/h2>\n<p><span style=\"font-weight: 400;\">Who could benefit from your product the most, or who would it interest the most from an investment point of view? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take the necessary time to do research on this, and remember that the blockchain communities congregate in different and new channels all over the world and the web. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Initially, you\u2019d like to check out existing communities, perhaps even for competing products, and build up some relationship with them. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain enthusiasts specifically hang out on community platforms like Reddit, Telegram, Discord, and Slack. <\/span><\/p>\n<p><em>Start conversations!<\/em><\/p>\n<p><span style=\"font-weight: 400;\">This phase shouldn\u2019t be about marketing your product or your brand to large audiences, it should be about having real, honest conversations with people that might be interested in what you have to offer. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Find out exactly <\/span><i><span style=\"font-weight: 400;\">how <\/span><\/i><span style=\"font-weight: 400;\">your product or service could be beneficial to them. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Humility is key throughout this process. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chances are that the people you\u2019re talking to have been in the space for longer than you have and that they\u2019re discerning and critical of \u201cjust another blockchain marketing message\u201d.<\/span><\/p>\n<div style=\"padding: 25px; background-color: #008ec2;\"><span style=\"color: #ffffff;\"><strong>FREE Guide: <\/strong><a class=\"vyper-triggers-35\" style=\"color: #ffffff; border-bottom: 0px !important;\" href=\"#vyperpopup\"> Start leveraging Facebook Groups for super targeted traffic!\u00a0[Download Here]<\/a> <script src=\"\/\/vyper.io\/cu-js\/cu-fullscreen-35.js\"><\/script><\/span><\/div>\n<h2>3. Make community buy-in worthwhile<\/h2>\n<p><span style=\"font-weight: 400;\">This is really about giving back to your community: providing them with a real and tangible value which they can benefit from, without necessarily asking for anything in return. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, provide them with useful content. There will hopefully be something about your product or service that\u2019s tied to knowledge only you possess. <\/span><\/p>\n<p><em>Share that knowledge. <\/em><\/p>\n<p><span style=\"font-weight: 400;\">Educate your community with insightful content related to how your product works or how you envision the blockchain space to develop, also, what\u2019s in it for them? Make sure that you provide value when you ask someone to commit 20 minutes to read your content.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Again, keep this within the confines of your expertise, at least in the beginning. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are enough people out there with general, sweeping statements about blockchain and cryptocurrencies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keep your insights specific to the things in which you\u2019re an <\/span><i><span style=\"font-weight: 400;\">expert<\/span><\/i><span style=\"font-weight: 400;\">, and grow from there. Credibility is key when it comes to marketing your blockchain project. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from providing your community with content, you could allow them to participate in contests, or you could provide them with early access to certain components of your product. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Be creative, and always ask for feedback. Keep finding new ways to provide value and keep your community engaged.<\/span><\/p>\n<h2>4. Find out what your community likes<\/h2>\n<p><span style=\"font-weight: 400;\">When following the above three steps, you\u2019ll hopefully find the right balance between taking your time to build valuable relationships and moving at a fast speed in order to quickly get your product to market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, you would hopefully have learned about the types of values and rewards that your community benefits from. <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">If your product has a utility token, does it benefit your users to reward them early with the tokens that they\u2019ll be using on your platform? <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Perhaps an airdrop might be a good choice for you? <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Perhaps the contest you ran via your social channels showed significant traction? <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Whatever it is that showed the most results, make sure to hone in on it when scaling up your marketing efforts and building out your campaigns. These are the key selling points to get people to back your blockchain project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Try and avoid the shiny object syndrome. <\/span><span style=\"font-weight: 400;\">What works once will more than likely work again.<\/span><\/p>\n<h2>5. Amplify reach through a viral contest<\/h2>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve established your initial community and figured out what type of value they\u2019re interested in, you\u2019ll need to <\/span><i><span style=\"font-weight: 400;\">engage <\/span><\/i><span style=\"font-weight: 400;\">and <\/span><i><span style=\"font-weight: 400;\">scale <\/span><\/i><span style=\"font-weight: 400;\">this community.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where we found <a href=\"https:\/\/vyper.io\" target=\"_blank\" rel=\"noopener noreferrer\">VYPER<\/a> to be a very useful tool in our blockchain marketing campaign. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We used it to facilitate viral contests (also known as an airdrop, bounty or token offering etc), which are able to vastly amplify the reach of your audience size and engagement. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In practical terms, this consists of rewarding people for taking part in certain actions, such as sharing certain posts on social media or creating custom content around your product\/brand through channels such as Youtube and Medium.<\/span><\/p>\n<h2>Case Study: Vyper to boost virality<\/h2>\n<p><span style=\"font-weight: 400;\">At Spike, we have successfully used VYPER to make certain blockchain campaigns go viral. <\/span><span style=\"font-weight: 400;\">Here\u2019s an example and a few steps on how we did it.<\/span><\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/BnuMMceQ6E8?rel=0&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n<b>Step 1: Build a pirate funnel <\/b><\/p>\n<p><span style=\"font-weight: 400;\">Getting a person to promote and share your project is a pretty big ask. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Essentially, what you\u2019re asking is for the person to put his reputation on the line for you. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why, normally, it is a bad idea to ask for referrals straight in the awareness phase of your marketing campaign. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On average, a B2C customer needs a minimum of 8 interactions before he\/she is convinced to buy from you. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It wouldn\u2019t make sense to start with such a big request after the second customer interaction right? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why a fully mapped out pirate funnel is important to follow throughout your blockchain marketing campaign.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Pirate Funnel is a useful customer-lifecycle framework invented by Dave McClure. It is used to map out and optimize your marketing funnel. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Essentially, for every product that you\u2019re trying to sell, the objective is to funnel them through a similar journey. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not familiar with it, the funnel looks as follows:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2027\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1.jpg\" alt=\"Blockchain Crypto Marketing\" width=\"842\" height=\"610\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1.jpg 842w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-300x217.jpg 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-768x556.jpg 768w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-680x493.jpg 680w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-500x362.jpg 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-400x290.jpg 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-200x145.jpg 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-1-50x36.jpg 50w\" sizes=\"(max-width: 842px) 100vw, 842px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Awareness \u2192 Acquisition \u2192 Activation \u2192 Retention \u2192 Referral \u2192 Revenue. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The order is flexible and can be rearranged, depending on the nature of your product or service. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pirate funnel serves as a solid framework and is the ideal basis for creating a flowchart for your specific business. <\/span><\/p>\n<p style=\"text-align: center;\"><strong>Example:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2036\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM.png\" alt=\"\" width=\"549\" height=\"954\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM.png 549w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM-173x300.png 173w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM-500x869.png 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM-400x695.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM-200x348.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Image-2019-01-02-at-9.48.18-AM-50x87.png 50w\" sizes=\"(max-width: 549px) 100vw, 549px\" \/><\/p>\n<h3><b>Step 2: Determine the objectives and key results (OKRs)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Setting objectives for the team is an effective way of later measuring the outcomes and results of your campaign. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the case of a viral campaign, your OKRs can be (for example): <\/span><\/p>\n<p><b>Objective 1:<\/b><span style=\"font-weight: 400;\"> To build a large and highly engaged community<\/span><\/p>\n<ol>\n<li><b>Key Result:<\/b><span style=\"font-weight: 400;\"> 20,000 Telegram members in the community before start date of pre-sale<\/span><\/li>\n<li><b>Key Result:<\/b><span style=\"font-weight: 400;\"> 40.000 participants in referral\/bounty program <\/span><\/li>\n<li><b>Key result:<\/b><span style=\"font-weight: 400;\"> 10,000 Twitter followers + 10,000 Facebook likes + 5,000 Youtube subscribers<\/span><\/li>\n<li><b>Key result:<\/b><span style=\"font-weight: 400;\"> Project x appeared in at least 10 tech or crypto publications before start of crowdsale<\/span><\/li>\n<li><b>Key result:<\/b><span style=\"font-weight: 400;\"> Project x has been reviewed by or ran an AMA with at least 5 influencers before start crowdsale.<\/span><\/li>\n<\/ol>\n<p><strong>The main question then becomes: <\/strong><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Based on the above defined OKRs, how can we leverage VYPER to get to these key results?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Through VYPER, you can reward your community with points for certain social actions.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Based on the above set OKRs, there are at least three key results we can achieve by using VYPER. <\/span><\/li>\n<\/ol>\n<p><b>Step 3: Set up a rewards program <\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is going to be one of the most important parts of your blockchain marketing campaign. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re going to reward the community for joining our Telegram group, liking our Facebook page, following us on Twitter and subscribing to your YouTube channel.<\/span><\/p>\n<p>You need to choose bonus actions that are relevant to your project. Some examples we used below. Each bonus action is rewarded with points (+8).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2029\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3.png\" alt=\"Blockchain Crypto Marketing\" width=\"497\" height=\"431\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3.png 497w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3-300x260.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3-400x347.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3-200x173.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-3-50x43.png 50w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2028\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2.png\" alt=\"Blockchain Crypto Marketing\" width=\"484\" height=\"228\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2.png 484w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2-300x141.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2-400x188.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2-200x94.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-2-50x24.png 50w\" sizes=\"(max-width: 484px) 100vw, 484px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2031\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5.png\" alt=\"\" width=\"483\" height=\"350\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5.png 483w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5-300x217.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5-400x290.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5-200x145.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-5-50x36.png 50w\" sizes=\"(max-width: 483px) 100vw, 483px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2030\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4.png\" alt=\"Blockchain Crypto Marketing\" width=\"506\" height=\"422\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4.png 506w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4-300x250.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4-500x417.png 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4-400x334.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4-200x167.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-4-50x42.png 50w\" sizes=\"(max-width: 506px) 100vw, 506px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">But how are you going to get 20k people to join your Telegram group when you currently have an email list of just over 1k people? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is when the referral marketing feature comes into play.<\/span><\/p>\n<p><b>Step 4: Implement a referral program <\/b><\/p>\n<p><span style=\"font-weight: 400;\">The best part about VYPER is that, instead of just rewarding your community for single actions, you can also reward them for referring their friends &amp; colleagues.<\/span><\/p>\n<p>You can do this using their landing page builder, embed it on your own landing page or <a href=\"https:\/\/vyper.io\/blog\/new-feature-the-gamified-growth-widget\/\" target=\"_blank\" rel=\"noopener noreferrer\">add the\u00a0widget to your site<\/a>.<\/p>\n<p><span style=\"font-weight: 400;\">This means that if your community likes your product and brand, and the reward structure (or perceived reward structure) of a campaign is spot on, you\u2019ll get your community promoting your blockchain project for you.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"><strong>A referral<\/strong> = when someone who enters your contest shares their referral link with friends or co-workers and they sign up.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"><strong>A reward<\/strong> = collect 100 points by referring others and completing bonus actions to get X number of tokens.<\/span><\/li>\n<\/ul>\n<h2>How to make a project go viral?<\/h2>\n<p><span style=\"font-weight: 400;\">At this point, we\u2019re using artificial virality to grow our product reach. With virality, you look at the Viral Coefficient and try to optimize that. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The viral coefficient is simply \u201dthe number of new users an existing user generates\u201d. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The difference between organic and artificial virality is that artificial virality incentivizes the sharing through a tool (VYPER), whereas organic virality is when your product\u2019s success is based on the network effect. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means that your product has been built for users to organically share it with their peers (think Facebook, Linkedin, Twitter). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">More information <\/span><a href=\"https:\/\/www.geckoboard.com\/learn\/kpi-examples\/marketing-kpis\/viral-coefficient\/\"><span style=\"font-weight: 400;\">can be found in this article about the viral coefficient.<\/span><\/a><span style=\"font-weight: 400;\"> \u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2032\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6.png\" alt=\"Blockchain Crypto Marketing\" width=\"479\" height=\"354\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6.png 479w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6-300x222.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6-400x296.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6-200x148.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-6-50x37.png 50w\" sizes=\"(max-width: 479px) 100vw, 479px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The difference between the rewards mentioned earlier on and the referral is that the social actions are limited. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users can only like your Facebook page or follow your Twitter account once, while they can invite an unlimited amount of friends to your contest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This key difference is important to understand. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While people are more likely to follow you on Twitter than referring your project to their friends (remember, they risk their reputation to refer friends to your project), they are also wired to win a game or contest. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When entering a leaderboard contest, for example, participants might not be planning on referring their friends straight away.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2052\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest.png\" alt=\"blockchain marketing leaderboard contest\" width=\"948\" height=\"746\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest.png 948w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-300x236.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-768x604.png 768w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-860x677.png 860w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-680x535.png 680w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-500x393.png 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-400x315.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-200x157.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/VY-leaderboard-contest-50x39.png 50w\" sizes=\"(max-width: 948px) 100vw, 948px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">They first start with following you on Facebook, Twitter, and YouTube, but soon find out there is no other way to go up the leaderboard than by referring their friends. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">After having done these multiple micro conversions (actions that lead users to your target conversion) and seeing their place on the leaderboard, they are more likely to promote your project through referrals. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next to that, by rewarding the referral action with, for example, 5x the points of normal social actions, you further stimulate virality. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So at this point, you will likely have your community competing against each other for our prizes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your campaign setup is spot on, and you have a positive and high enough viral coefficient, you will go viral in a natural way. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>For example,<\/strong> when you start with 100 participants and they all invite 12 friends per week on average, of which 4 eventually sign up (viral coefficient of 4), that will result in 25.600 participants by the end of the month.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2033\" src=\"https:\/\/vyper.io\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7.png\" alt=\"Blockchain Crypto Marketing\" width=\"626\" height=\"386\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7.png 626w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7-300x185.png 300w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7-500x308.png 500w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7-400x247.png 400w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7-200x123.png 200w, https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2019\/01\/Vyper-Content-File-7-50x31.png 50w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">(conversion rate % is so high as we used an embed contest option which does not count the page views, only the conversion within VYPER. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can choose to run a contest on a VYPER landing page, your own or a website widget.).<\/span><\/p>\n<h2>Here are some more tips for marketing your blockchain project:<\/h2>\n<p><span style=\"font-weight: 400;\"><strong>Make sure your prizes provide a high-enough incentive and resonate with your audience.<\/strong> <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We generally always opt for a leaderboard contest as opposed to a non-leaderboard structure, as this incentivizes continuous sharing by participants to obtain the first place and win the main prize. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Think, what would your ideal customer\/audience do anything to get? What has a high enough value for them to share your project?<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Create engaging content urging viewers to participate or share.<\/strong> <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure that the content you create looks nice, and that it facilitates easy sharing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Design a good looking contest, share images and make sure the social pages you\u2019re trying to build look good and have some engagement and recent posts.<\/span><\/p>\n<p><strong>Leverage urgency and social proof<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Always toggle on the use of social proof and urgency. For example, add a time limit to your campaign to ensure that participants join sooner rather than later. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have the social proof feature enabled to show potential signups that people are entering.<\/span><\/p>\n<p><strong>Think of relevant entries<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">What content do you want to get shared? What are the most relevant channels that you want to grow? This could mean more reward weighting for Youtube video productions rather than Medium articles, for example.<\/span><\/p>\n<p><strong>Amplify awareness through ads<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Promote the contest yourself. Let the world know that you\u2019re going viral. If executed correctly, you\u2019ll witness a snowball effect. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leverage your contest to build social proof on your ads to improve your CPA, CPC\u2019s and CPM\u2019s. <\/span><a href=\"https:\/\/vyper.io\/blog\/how-to-improve-your-facebook-engagement-rate\/\"><span style=\"font-weight: 400;\">Here\u2019s a guide on how to do that<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>To sum it all up:<\/h2>\n<p><span style=\"font-weight: 400;\">Growing your community starts with trust. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a strong idea and vision in place, and by finding the right balance between passion and humility, you\u2019ll be able to excite potential new users and investors. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you offer your community real value and adopt a \u201cgiving back\u201d attitude, community growth comes naturally. <\/span><\/p>\n<p><b>About Spike: <\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Authors: Pascal van Steen, Gino Taselaar &amp; Erich Rickens, Spike | Blockchain marketing agency<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Spike is a growth marketing agency driven to facilitate the widespread adoption of emerging technologies, most notably within the domains of Blockchain, Fintech, and Proptech startups. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">By constantly applying data-driven and agile workflows, we\u2019re able to swiftly implement growth strategies, focusing on quick wins in the short term, whilst upholding the outcome of long-term growth and user adoption, depending on the nature of your product. If you need any help running a viral contest, <\/span><a href=\"https:\/\/wespikegrowth.io\/contact\"><span style=\"font-weight: 400;\">feel free to contact us.<\/span><\/a><\/p>\n<p><script src=\"\/\/s3-us-west-2.amazonaws.com\/assets.vypergrowth.com\/contest-cta-514.js\"><\/script><\/p>\n  <div class=\"related-post grid\">\r\n      <div class=\"post-list \">\r\n\r\n            <div class=\"item\">\r\n            <div class=\"thumb post_thumb\">\r\n    <a  title=\"How to Run a Referral Giveaway That Explodes Brand Growth\" href=\"https:\/\/vyper.ai\/blog\/referral-giveaway\/?related_post_from=13557\">\r\n\r\n      <img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"675\" src=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2025\/02\/Referral-Giveaway.png\" class=\"attachment-full size-full wp-post-image\" alt=\"Referral Giveaway\" srcset=\"https:\/\/vyper.ai\/blog\/wp-content\/uploads\/2025\/02\/Referral-Giveaway.png 1080w, 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Set up an ICO, Airdrop or token offering with VYPER.<\/p>\n","protected":false},"author":2,"featured_media":2046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[16,69,2,31],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Simple Guide to Blockchain Marketing Using Viral Contests | VYPER - Giveaway &amp; Contest Builder<\/title>\n<meta name=\"description\" content=\"An in-depth guide on blockchain marketing and how to leverage social communities for your project. Set up an ICO, Airdrop or token offering with VYPER.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vyper.ai\/blog\/the-simple-guide-to-blockchain-marketing-using-viral-contests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Simple Guide to Blockchain Marketing Using Viral Contests | VYPER - Giveaway &amp; Contest Builder\" \/>\n<meta property=\"og:description\" content=\"An in-depth guide on blockchain marketing and how to leverage social communities for your project. 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