The Impact of Social Mining Community Members on Blockchain Projects: A Case Study of Token ATH
#SocialMining platforms provided by #DAOLabs offer organized job opportunities for undervalued community members who support crypto companies through their social skills. These platforms, known as Social Mining HUBs, have become unicorn companies and are listed on major exchanges such as Binance, OKX, Bybit, Coinbase, AscendEX, Gate.io, KuCoin, Bithumb, Upbit, and BingX.
@Avalanche_CN
Avalanche, a successful blockchain, experienced rapid growth when backed by the AvalancheHub. The project achieved an all-time high (ATH) return on investment (ROI) of 441.98x (private sale) and 291.71x (public sale). Since the hub's inception, social miners have contributed 2 out of every 5 reposts on Avalanche’s X account.
@Injective
We organized community groups around Injective Protocol, engaging in forum work and tasks. This initiative resulted in an ATH ROI of 291.85x (private sale) and 131.33x (public sale).
@MultiversX Network
Formerly known as Elrond Network, MultiversX secured over US$4.5 million from private and public sales, achieving an ATH ROI of 833.83x (public sale) with the help of social mining.
@Harmony Protocol
Harmony’s hub facilitated community work and staking, growing from USD$20,900 in ONE tokens to $350,000 in just 60 days. This effort led to an ATH ROI of 118.87x.
@NEM & Symbol
By redesigning their staking module, the community helped NEM and Symbol surpass US$120 million in $XEM within nine months, significantly outperforming the project’s previous offerings.
@Polygon
The PolygonHub community successfully engaged in educational tasks and social media activities. Within the first year, the hub was responsible for 1 out of every 5 reposts on Polygon's X account.
#KAVA
The KavaHub has been instrumental in enhancing the effectiveness of Kava's public marketing campaigns. Since its launch, social miners have contributed one-third of all reposts received by Kava on X.
@WAX
During the first six months of operations, WAXHub deployed tasks and organized work for the WAX fandom, contributing to 56% of the total reposts WAX received on X.
@Ton Network
Known as Telegram’s go-to blockchain, The Open Network (TON) saw a significant increase in its social media presence. Within the first month of social mining activities, the TCHub community contributed to almost 40% of the total reposts on TON's X account.
This article highlights the substantial impact that organized social mining activities can have on the growth and success of blockchain projects, as evidenced by the impressive ATH ROIs and community engagement metrics achieved by various initiatives.