Community projects do not refer to projects without teams, but rather projects in which the community can actively participate in the process of value creation and discovery.
The core aspect is that community members can gain a sense of participation, belonging, and wealth effect.
When members can play a role in the project and feel their contributions and value, they will develop a strong loyalty.
This point is crucial, and it is also the biggest difference between on-chain community projects and exchange projects.
On-chain community projects rely more on the community's joint participation and consensus, while exchange projects typically focus more on the project party and market operations.