ICO PR: How to Conduct a Pre-ICO Campaign in the Media
ICO PR. Successful promotion of the website connected with electronic money is directly related to information. To spread the word about cryptocurrency and the forthcoming ICO, you have to involve as many information distribution channels as possible. One of them is the mass media. Moreover, it is necessary to be published both in Russian and in foreign editions. Articles written by professionals will interest the solvent audience. Publications on subjects of interest to the crypto community in high-profile mass media will attract clients.
Customers of PRNEWS.io often announce the pre-sale of their tokens in the media. We analyzed several successful pre-ICO and ICO launches and highlighted the main trends.
Why companies launch an ICO
The rapid growth of Bitcoin, Ethereum, and cryptocurrencies, in general, has spurred interest in the cryptocurrency market and started the search for new business opportunities. To attract investors, companies sell a fixed volume of their cryptocurrency. The method was named ICO (Initial Coin Offering) by analogy with the Initial Public Offering of stocks (IPO).
An ICO can be considered an analog of an IPO, with the only difference being that the initial offering of coins or tokens does not impose obligations on the parties and does not imply the conclusion of contracts. In parallel with the increase in the number of ICOs, the cost of the projects is also increasing. More and more companies are appearing that could attract hundreds of millions of dollars from the preliminary sale of their tokens.
The launch of an ICO will not achieve anything without the dissemination of information about the project. The most effective way to notify the audience quickly is through publications in the media. We studied our clients’ campaigns for launching ICOs and we identified several key factors that affect the effectiveness of PR campaigns in the media.
When to advertise an ICO in the media
There is no well-established timetable for the start of a PR campaign for an ICO. Some wait for at least a month between the first publication and the start of the pre-sale of tokens, while others begin to spread information about the launch of the ICO during the campaign.
Everything depends on potential investors:
If a company issues a limited number of tokens and the goal of the project is to attract people who are interested in the development of the industry and can influence this process, companies release a limited number of coins. The main share of such a cryptocurrency is distributed among employees, and the cost of entry for investors is considerable. It makes no sense to disseminate information about such ICOs in the national mass media. Press releases, as a rule, appear in industry publications and on the pages of websites dedicated to cryptocurrencies. The number of publications ranges from three to ten. Such a PR campaign can be launched a couple of weeks before the ICO, but sometimes even after the preliminary sale of the tokens.
Projects that want to make their products large-scale and maximally promote the topic of cryptocurrencies—cryptocurrency exchanges, Forex brokers—are seeking to reach a large audience. They choose to publish in popular cryptocurrency media outlets, national publications, and IT-focused websites. The threshold of access to the ICO for such companies is low – starting from a few dollars. This allows anyone to become an investor, regardless of how much they have in their bank account. Therefore, companies speak about their ICO to a large number of users.
A massive scale requires good PR; therefore, publications about such ICOs appear one or two months before the start of the sale, on the pages of several dozen publications—from specialized ones, writing about cryptocurrencies, to national news media.
How often articles about the ICO should be published
This indicator depends on the scale of the company and the audience coverage. Global PR campaigns can include dozens of publications, starting two months before the launch of the ICO and ending after its launch.
How the topic of the sites influences the effectiveness of the PR campaign
The majority of press releases about the launch of an ICO are published in the media that writes about cryptocurrency. Users who are searching for information about electronic money or want to invest in one of the promising projects will first of all search for information on specialized sites. Global information platforms are good for projects designed for the largest mass audience.
PRNEWS.io will help you choose a list of sites and place the necessary number of press releases or articles – and, moreover, do so without going over your budget.
How can to build a relevant media list for a cryptocurrency/ICO PR campaign?
There are some basic guidelines, but blockchain projects in general have become quite oversaturated and so you will need to go above and beyond if you do not plan to hire a PR firm.
The first thing to do before creating a list is to create an editorial Calendar with a variety of angles and stories that you plan to tell and when you plan to tell them. I can write pages about story creation but will spare you.
Identify your audiences across a range of focal points. The below should be as fleshed out as possible. You need to find media across a variety of different stories and angles.
A media database will make life simple and is what most professional communicators use. If you do not have a media database (PRNEWS.IO) finding journalists can be tricky and slow. That said it is more than doable. Just search out the publications and articles that are in the focus areas of the above categories you built out. You can find recent articles or articles about competitors using a google search, you can look directly into publishers of interest and simply find the writers/producers/editors. From there search the site for email addresses.
Treat it with respect and treat journalists with respect. Share only the most compelling of stories with perfectly targeted media audiences. They get hit by hundreds of shotgun pitches every single day. You can segregate yourself by building relationships and targeting the right story for the right media members.
PRNEWS.IO exists to make it easier for you to find sites to post your news. Just open the catalog, use the filters and select the list of ideal media outlets.
Industry Experts about ICO PR
There are a few things to keep in mind when doing PR for an ICO:
Make sure your website and white paper are well-written and professional-looking. Potential investors will be looking at these documents closely to determine whether or not to invest in your ICO.
Generate a lot of hype on social media by creating interesting and engaging content related to your ICO. Make sure to target the right audience (cryptocurrency enthusiasts, early adopters, etc.) with your marketing efforts.
Get involved with the cryptocurrency community and participate in relevant discussions online. This will help increase awareness of your ICO and attract potential investors.
Make use of bounty programs to reward people for promoting your ICO.
Running an Airdrop campaign is one of the best ways to promote an ICO. But there is more to it. To launch your ICO campaign, you again have to focus on airdrop campaign marketing, which can be done through Twitter, Reddit, and other popular social media networks.
Airdrops campaigns involve encouraging users to learn about your crypto project and tell the world what your crypto is offering.
However, since most AirDrop campaigns turned out to be fake and scammy, there is always a risk of people not being interested in your project.
In that case, you can partner up with an exchange or other crypto business to build the initial launch.
Create a charity program or action. The media loves charitable initiatives and will periodically publish information about them. This does not necessarily imply a financial outlay. Your employees can volunteer or provide organizational support.
Many ICO projects forget that honesty is the best policy. Find ways to benefit the community. One way to gain the attention of potential investors is to partner with someone doing something admirable for society and supporting a worthy cause.
7 Websites for ICO Campaign Promotion
Hundreds of popular cryptocurrency sites can become excellent sources of content distribution. We collected the best websites about cryptocurrencies from 23 countries for you.
Most CoinJournal.net readers are residents of the USA and Europe. The platform publishes news concerning the cryptocurrency industry and is famous for journalistic honesty. Here you can find only verified information and credible facts. It is possible to post a press release about new currency on ICO within five days.
The Merkle has been creating engaging educational content and giving the world essential finance, technology, cryptocurrencies, and information news security since 2014. The most famous ICO projects start here. People promote not only the primary offer of tokens; the platform is popular among all the people who want to sell something hi-tech.
CoinSpot.io — the largest RuNet resource for digital currencies, financial technical trends, and financial innovations. Here you can read about technologies, startups, and personalities that form the image of the financial world. ICO calendar which helps to look at the current, complete, and forthcoming campaigns is also working on the website.
The Bitcoin News
The primary audience of the TheBitcoinNews.com platform is residents of the USA, China, Brazil, and Thailand. Here you can find all relevant news about Bitcoin and Etherium; learn about new ICO, and read expert opinions. An educational section on the site helps one understand all the nuances of cryptocurrencies. Subscribers will also see the text published on the website — more than 30 thousand people subscribe to their mailing list.
CoinSpeaker — one of the most influential sources of news to everyone is engaged in financial technology, the blockchain, cryptocurrencies, and the Internet of things. The website is popular in the USA, Great Britain, Japan, Germany, and Russia. There is an ICO calendar available to help find all necessary information on the forthcoming, current, and complete sales of tokens.
Coinidol.com is not just a source of the latest news and reviews about advanced financial technologies and the world economy, but also one of its primogenitors. Some enthusiasts love fintech, cryptocurrency markets, decentralized economy, policy, and blockchain technology on the CoinIdol team. They publish all paid materials in the news section, and as a bonus, the editorial office of the website will prepare an animated illustration of the text.
Cointelegraph is presented in several countries at the same time — the USA, Slovenia, Serbia, Spain, Japan, and Brazil. Language versions, attendance, and content of the website are different depending on the geographical binding of the site. Cointelegraph was founded in 2013. In 4 years the platform became the recognized leader in the market for cryptocurrency information.
One well-written post on one of these platforms can attract a considerable number of visitors. You do not need to use all your budget for the publication on one website. It will be more useful to post several texts on different resources to capture readers from several categories at once. Choose the audience, publication language, and coverage of readers and tell the world about the crypto—business.
You can find even more websites about cryptocurrencies in our mass media catalog.
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