Provide a stable floor price for your community giving them proof you’re in it for long term.
Encourage your community participation
When the NFT Project is behind the liquidity pool the community knows it is something that they can trust to be involved in as well. NFTX are able to provide members from the Core team to run AMA’s on Discord or Twitter spaces to help your community understand the capabilities, and NFT projects should also provide content around how your community can get involved.
Some areas you might want to look at is
- Encourage contributing to the inventory and liquidity staking to strengthen the pool, plus the community can earn rewards while holding your NFTs (staking).
- Reward token holders as well as inventory & liquidity providers in the same way you would an owner of an NFT. For example if you are providing an airdrop for NFT holders, also reward the token holders and stakers in the same way.
- Use the vault tokens to contribute to governance votes.
Next, let’s take a look at some NFT project tools which will help keep your community in the loop.