@jwolf
Beyond performance marketing (which I’ll ignore due to its inherent transactional value), effective crypto marketing can come in the following forms:
1. Good founder storytelling — why it was built
2. Good product storytelling — how it was built
3. Good brand identity — how it makes you feel
Companies that manage to evade marketing build word-of-mouth or product-led growth loops (by default, the more you use Telegram, the more other people will use Telegram, and the more likely you are to refer it).
Or they build self-sustaining distribution channels into their business model (think of berachain, where its ~ 300 projects are incentivized to market the brand at scale).
Berachain also works because Smokey is building a consistent brand identity around their team and tech, they followed the fundamentals and defied the norms, with a committed team that’s fully aligned on its vision. This is rare.