The biggest online networks, including Facebook, Twitter, and, most likely, Youtube, are currently restricting cryptocurrency ads. Promoting cryptocurrency or ICO (Initial Coin Offering) crowdfunding via the release of a new coin is already prohibited on Facebook. As a result, it appears that Blockchain Influencer Marketing and Local Advertisements are the only remaining platforms for blockchain matches.
The End Of Big Network Ads
Last January, Facebook became the first to go on the attack against cryptocurrency, declaring a ban on all cryptocurrency advertisements on the world ‘s biggest social media platform.
We expected Google and Twitter to scoff at the prospect of advertising dollars being transferred to their respective platforms. We were wrong: the former declared a ban similar to that imposed by Facebook weeks ago. It will go into effect in June of next year. That left Twitter, which is the target of persistent rumors since last week, most prominently relayed by Sky News, that the network would ban cryptos as a result.
The Ban’s Justifications
The field of cryptocurrencies is suffering as a result of a significant lack of control. The lawmaker is slow to notice these new assets and create laws appropriately, resulting in a situation akin to the wild west.
To complicate things tougher, many investors are first-time investors who are unaware of the measures that should be taken before making any investment. They are, understandably, the victim of unscrupulous individuals eager to take advantage of their confusion in order to extort money from them.
Bitconnect was a Ponzi scheme-based open-source virtual currency. Its value plummeted in January, destroying many of its shareholders, particularly those who bought late. Another event in which the world of cryptos is being slandered.
As a result, advertising networks are taking the lead in blocking advertisements, at least temporarily, to protect their customers until the industry is better controlled.
Players On The Blockchain Have A Variety Of Options
Cryptocurrency marketing is a niche market with its own set of distribution platforms. As a result, lesser-known social platforms such as Steemit or Medium, as well as discussion forums including BitcoinTalk and messaging apps like Telegram, reign supreme. A business that wants to persuade investors to buy tokens in an ICO must mainly execute on these networks. It’s also essential to hire a full-time community manager.
It’s also a good idea to mention an ICO on specialized sites like ICObench as part of the promotion process. Even better, (self-proclaimed) institutes like ICOrating or Digrate offer to notice the ICO and then submit the report to shareholder pools in exchange for a fee.
So, in the crypto world, Blockchain Influencer Marketing reigns supreme… Which takes us to the following point?
Blockchain Influencer Marketing is a great way for cryptos to get their name out there.
Junior investors abound in the cryptocurrency community, searching for the next opportunity that will return 100 times or more than their original cost. Few of them, on the other hand, have a thorough understanding of current coins or, in the case of ICOs, the intentions behind such new coins.
The majority of investors base their decisions on the advice of specialist bloggers who publish on Medium, Twitter in Vlog mode, Twitter in blogs mode, or on their own dedicated websites. Some influencers have made a name for themselves by advising the world until a particular investment proved to be extremely profitable.
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