Starting a successful company is not easy - especially if you're in the crypto space. Strict government regulation coupled with fierce competition doesn't exactly create an easy route to success. The most important asset a blockchain company needs is a community. With a strong community, projects can get listed on exchanges through voting contests, launch successful social media/reddit pages, and get free advertisement through word of mouth. But with so many cryptocurrencies, and more coming out everyday, how can your project stand out and get a loyal following?
Enter LoMoStar, a blockchain app available for android and iPhone. The app is a literal crypto one-stop-shop. It features an exchange, gifting among users through red envelopes, sports and prediction betting, wallets for over 60 cryptocurrencies, and most importantly for this articles sake-airdrops and a bounty channel.
Airdrops are an ever increasing method of distribution for new blockchain projects, but simply giving away coins isn't ideal. A typical airdrop hunter just googles airdrop and once they receive the free coins, they forget about the project until they see it on an exchange at which point they sell it. LoMoStar allows companies to actually build a community from their airdrop and even gives the company a direct line of communication to the airdrop recipients. When a project partners with LoMoStar, they airdrop the coins on the home page. From there, the users can open the envelopes on a first come, first serve basis. As users open these envelopes, they are added to large groups of 3,000 each. This is how projects interact with the community, the project is given a username and can begin talking with the users that just received their airdrop. The users are on the app daily collecting free cryptocurrencies from other users in addition to the airdrops. The fact that users can interact with the coin by gifting to other users means they will see the projects name so often that it is as recognizable as Coca-Cola or McDonalds.
The best part of airdropping with LoMoStar is how smart the community is. They know that more exposure + bigger exchanges = higher price for the coins they receive. The community has started taking their own initiatives to get their airdrops onto exchanges for free through community voting contests. They also join and follow social media channels and promote the projects themselves. There is no other method of distribution that gets that kind of commitment from a large community.
I mentioned LoMoStar has a built-in exchange and wallets for every partner, but they don't list a partner's coin on the exchange or enable withdraws from the wallet until the partner consents. This is to protect ICO and price until the partner is ready(typically after the first exchange listing, but it is up to the partner.) LoMoStar also has a sister company, XStar, which is a traditional exchange.
LoMoStar also has it's own coin, LMC, that has comprehensive staking rewards up to 24% for large investors holding over 1m coins. All investors like a diversified portfolio, so joining LoMostar's exchange which has LMC pairs means large investors can take their dividends and start accumulating new coins leading to liquidity and volume.
LoMoStar's bounty channel offers small rewards to users for reading and sharing articles. They can share the articles to Twitter, Facebook, and more. Rewards are usually given to the first 1000 users to share but the number is customizable. Imagine being able to have articles of your project shared 1000 times, what would that be worth to you? LoMoStar probably offers it cheaper than what you think it is worth, and that's LoMoStar in a nutshell: Amazing features at an amazing cost.
So now let's breakdown the advantages of using LoMoStar to distribute your project
Instant access to a large, loyal community which can spread hype for projects
Users can interact with the coin, as opposed to traditional airdrops where the recipients just forget about it until it hits an exchange
Guaranteed access to LoMoStar's P2P exchange, as well as an increased probability of being listed on XStar if desired.
Name recognition to over 500,000 registered users.
Greatly increased chances of winning exchange listing contests.
No hassle. The LoMoStar team handles all the typical work associated with airdrops.
Access to a bounty channel. Use hashtags to become a trending topic
I was a LoMoStar user for over 6 months but have since been appointed as an ambassador(I'm still a user too though=]). If you would like to partner with LoMoStar, you can contact me directly at evan.ambassador@lomocoin.com. You can also join their telegram and talk with admins or follow them on twitter and express your interest.
#How to start a successful blockchain company
#How to make a successful cryptocurrency
#What is the best way to airdrop a cryptocurrency
#How to grow a following for your company