The Power of Community: Building Crypto Applications with Junto

Kazuki

Hatched by Kazuki

Jun 11, 2023

2 min read

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The Power of Community: Building Crypto Applications with Junto

Cryptocurrency is becoming an increasingly popular form of digital currency that allows for decentralized, secure transactions. However, building successful crypto applications requires more than just technical expertise. It requires a strong community to support and promote the application. This is where Junto, a historical club founded by Benjamin Franklin in 1727, can provide a valuable lesson in building strong communities.

The Junto club was founded on the principles of mutual improvement, personal growth, and community engagement. Members met regularly to discuss various topics and share knowledge and ideas. These principles can be applied to building crypto applications by fostering a community of users who are invested in the success and development of the application.

One way to build a strong community is through progressive decentralization, as outlined in the playbook by Andreessen Horowitz. This involves gradually transferring control and ownership of the application to the users and community. This approach not only increases trust in the application but also promotes a sense of ownership among the users, leading to increased engagement and adoption.

Another important aspect of building a strong community is creating a sense of inclusivity and diversity. The Junto club was open to anyone who was willing to contribute and share their ideas. This same approach can be taken in building crypto applications by welcoming different perspectives and backgrounds. This not only leads to a more robust application but also creates a more welcoming and supportive community.

In conclusion, the Junto club provides a valuable lesson in building strong communities that can be applied to the development of crypto applications. By fostering an inclusive community of users who are invested in the success and development of the application, developers can increase adoption and create a more trustworthy and decentralized application. Ultimately, the power of community is key to the success of any crypto application.

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