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How European and American Web3 projects can enter the Chinese crypto market

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The Chinese-language cryptocurrency market has enormous potential, covering mainland China, Hong Kong, Taiwan, and Singapore, with hundreds of millions of users. According to 2023 data, mainland China has approximately 59 million cryptocurrency holders, while Hong Kong and Singapore have adoption rates of 14% and 24%, respectively. Asia has over 326 million crypto users, accounting for more than half of the global total. Especially Hong Kong, which has become a crypto center through relaxed policies, with transaction volume growing 86% year-on-year. For European and American Web3 projects, the Chinese-language community is not just a market opportunity, but a key to global expansion. This article will explore how to quickly build a thriving Chinese-language community from scratch through KOL collaboration, localization marketing, and community building. Want to learn more practical strategies? Click to read the full article

Leveraging Chinese-language KOLs to Quickly Establish Trust

In the Chinese-language crypto community, Key Opinion Leaders (KOLs) are the "accelerators" for projects entering the market. These influencers have widespread trust on platforms like Twitter and YouTube, and can quickly enhance brand awareness. Research shows that KOL marketing can increase brand exposure by over 30%. Choosing KOLs that match the project's domain (DeFi, Non-Fungible Token, etc.) is crucial. For example, the famous analyst Phyrex_Ni (333,000 followers) previously served as a Solana Chinese-language ambassador, driving ecosystem project growth. Collaboration methods include sponsoring in-depth videos, Twitter Spaces Q&As, or publishing Chinese tutorials. Projects can provide exclusive information or rewards to incentivize KOLs to create localized content, such as live streams or educational videos, quickly attracting followers and building trust.

Deep Localization, Tailored to Chinese-language Users

Localization is not just translation, but integrating content, brand, and experience into Chinese-language culture. Websites, white papers, and app interfaces need to provide smooth Simplified Chinese with a localized expression style. Poor translation can reduce trust, while high-quality localization can significantly improve acceptance. Marketing needs to incorporate Chinese culture, such as launching activities during the Spring Festival or using Chinese idioms. Chinese-language users prefer live streams and short videos, so projects can create subtitled videos, infographics, or host seminars on platforms like Bilibili. Data from an exchange shows that Chinese-language users prefer visual content over long text. By using localized media and messaging, projects can win user favor.

Building a Dedicated Community to Enhance User Stickiness

Creating dedicated Telegram or Discord channels for Chinese-language users, managed by bilingual administrators, can eliminate language barriers and encourage interaction. Regularly publishing Chinese updates, hosting AMAs (Ask Me Anything), or participating in local hackathons can significantly improve engagement. For example, Binance built a loyal user base through offline meetups. Projects can also share WeChat group or Telegram QR codes to simplify the joining process. The Chinese-language Discord channel of a Layer-2 project contributed over 50% of global activity, demonstrating the power of community. Combining online and offline approaches ensures users can always get Chinese support, creating a self-propagating community.

Integrating Local Culture to Win Long-term Respect

Understanding Chinese-language culture is key to success. Users value a project's credibility and social proof, and showcasing local partners or success cases can enhance trust. Coordinating festival marketing, such as Spring Festival greetings, can create emotional proximity. Maintain politeness in communication, avoid sensitive topics, and focus on technology and user benefits. Providing 24/7 Chinese support, adapting to local aesthetics, such as giving the project a auspicious Chinese name, can improve favorability. Pay attention to Chinese-language crypto news and popular memes, integrate into community culture, avoid cultural missteps, and establish genuine connections.

Case Study: Arbitrum's Chinese-language Success

Layer-2 project Arbitrum achieved success in China through community-driven efforts. The team established a Chinese-language Discord channel, appointed a Chinese community manager, and supported developers and enthusiasts. By 2023, the channel became the most active globally, contributing over 50% of activity. Arbitrum also leveraged Chinese users' enthusiasm for airdrops, attracting participation through testnet and governance activities, ultimately consolidating its fan base with airdrop rewards. The team actively participated in Telegram AMAs, adopted feedback, and recognized contributors, sparking organic community growth. This demonstrates that open communication and community empowerment can yield maximum impact with minimal investment.

Summary

European and American Web3 projects entering the Chinese-language market need to focus on localization, KOL collaboration, and community building. Deeply localized content and marketing, combined with KOL trust endorsements, can quickly reach users; dedicated community channels enhance interaction, and integrating culture wins respect. As the Arbitrum case shows, respecting local needs and empowering the community can bring explosive growth. In the face of a complex regulatory environment, adhering to compliance and authenticity will make the Chinese-language market a key to global success.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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