The importance of social media in spreading the information about cryptocurrency and their acceptance among the masses cannot be denied. In fact, social networking sites such as Facebook, Twitter and particularly Reddit had been instrumental in popularizing the first cryptocurrency, Bitcoin in 2010 and onwards.
Therefore, Hodlers Network is going to launch our Social Network. It will offer plenty of options for the cryptocurrency community specifically (as well as to other less commonly involved users), such as getting in touch with the best crypto traders, influencers, groups or companies regarding cryptocurrency market. It will also provide a platform for the users to share their portfolios, news and all about crypto currencies. They will have the opportunity to create and join coin-groups, follow their favourite investors and their coins. On the other hand, social platform will give the
companies the possibility to create coin pages and share important
announcements, advertisements and news for the right targets.
For example, Ripple, a blockchain for global payments, is using
social media as a tool for maintaining their successful business. It has over a million followers on Twitter, where it continuously shares different endeavours such as educational webinars with the audiences. (Lee, 2018).