Building a trading community and profiting from it is one thing; having people participate and renew their subscriptions is quite another. While I was able to monetize my Discord trading server and make a fortune with a unique subscription bot, I struggled to attract more participants. Despite having many followers eager to learn about my trading strategies and replicate my signals, only a small percentage of them expressed interest in the discord trading server, especially after learning that joining the server costs money.
Promoting The Server On Social Media
As expected, I constantly promote my trading server group on my social media platforms, just as I create content with my trade signals. But unfortunately, even though there were testimonials for social proof from existing subscribers at each of the three-tier levels, more was needed to attract new subscribers. On the other hand, because newbie traders are the intended audience, I decided to set up a free trial server to provide free trading signals for a limited time before asking them to upgrade to a paid membership to receive additional benefits such as live trading analysis, a trading handbook, and AMA sessions with other professional traders.
Even with the free signal being used as a lead magnet to get more subscribers, the server did not receive the expected participation, as most of the free server participants left or were automatically removed by the bot server for failing to activate a subscription. This was disheartening because the server had more traders analyzing the market than participants.
As a result, I needed a way to boost participation and attract new subscribers. On the other hand, I also tried advertising on server listing platforms, joining promotion-related discord servers that allow self-promotion, and running constant social media campaigns to promote the server. However, the conversions from the combined approaches weren't impressive.
Creating A Reward System
After several failed attempts, one of the server's professional traders suggested that I create a reward system for existing subscribers, giving them the responsibility of attracting new participants. Funnily, creating a reward system to promote the server never crossed my mind despite crypto airdrops and giveaways being the method crypto communities used to attract a large number of participants to their projects. So, with this in mind, I decided to devise a reward system based on a referral contest that would benefit existing and new subscribers.
Challenges Of Setting Up A Referral Program
However, my concerns shifted from having more subscribers and increasing participation to how to set up a referral contest on my trading server. A referral contest that would offer discounts on server subscriptions for new subscribers while also giving a financial reward to the inviter. Therefore, I needed a referral program to manage the server contest and keep track of the activities, as doing so manually would be difficult. Sadly, the cost of using referral software solutions was high, and most were incompatible with instant messaging apps such as Discord.
With how difficult it is to use referral software with Discord, I researched how crypto startups build their community on discord servers using referral contests. Interestingly, I discovered referral bots are used to increase participation in various Discord server projects.
The Cwallet Referral Program
Unknown to me, the Cwallet bot that made me a fortune when I first started my trading server was also the platform of choice for most crypto community projects. In fact, a game creator built a gaming community in two days by utilizing Cwallet's unique features, and an NFT community increased engagement by utilizing Cwallet. These discoveries made me speechless because I had no idea I could do much more with Cwallet.
So, utilizing the Cwallet referral program was straightforward; All I had to do was make the bot the group administrator and modify the contest reward, and the bot would automatically carry out the activities according to my specifications.
The best part of using Cwallet referral is that I could use the platform's "Keyword For Reward" function, rewarding existing subscribers while offering discounts to new subscribers. As a result, new subscribers who are referred would also receive a financial reward because Cwallet automates the reward procedure for both the inviter and the invitee.
The reward system, as expected, motivated subscribers to refer their friends because of the available reward, resulting in healthy competition within the server. As a result, the server's participation improved because of the reward system, as there were more subscribers.
The use of the reward system transformed my trading server, especially when executed with the Cwallet referral program. In addition, Cwallet increased server exposure because the reward system encouraged subscribers to talk about the server, increasing subscriber participation by more than 100% of what it was before using the Cwallet Referral Program.
Cwallet: The One Solution For Your Business Growth
Just as I could monetize the server with the Cwallet subscription bot, the referral program gave my server more participation and exposure. In addition, Cwallet saved time and energy while seamlessly executing my activities. All entries were automatically verified, and those that did not meet the requirements were disqualified. All I had to do was set a few parameters and the system would take care of the rest.
You can't go wrong with using the Cwallet Bot to gain more participation and exposure for your brand. You now know how I gained more participation in my trading server using the Cwallet referral tool.
Thus, get started with Cwallet by creating a Cwallet account immediately, and enjoy the numerous features available such as the tip code, giveaway tool, airdrop game, mobile refills, bulk payment, invoice request, etc. Cwallet is the one solution you need for your business growth.
Achieve a similar result as mine by following the detailed instructions for creating a Discord referral program and customize it however you like. Automate your referral program with Cwallet and expand your brand!
Cwallet is a unique cryptocurrency wallet that combines custodial and non-custodial features. It provides complex crypto needs of individuals or businesses through tools like the tip code, airdrop game, giveaway tool, mobile refills, bulk payment, request invoice, payment button, etc.
Cwallet lowers the entry barrier for crypto usage. You can instantly create a cwallet account with your mobile number or third-party networks such as Twitter, Telegram, Discord, and Reddit.
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