The community project does not refer to projects without teams, but rather to projects where the community can actively participate in the process of value shaping and discovery.
The core lies in the ability of community members to gain a sense of participation, belonging, and wealth effect.
When members can play a role in the project and feel their contributions and value, it generates a strong loyalty.
This is crucial, and it is also the biggest difference between on-chain community projects and exchange projects.
On-chain community projects rely more on community participation and consensus, while exchange projects typically focus more on project parties and market operations.