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What are the best practices for allocating a surplus budget in the blockchain industry?

Bowling McGuireApr 06, 2024 · a year ago1 answers

In the blockchain industry, what are some recommended strategies for effectively allocating a surplus budget? How can companies make the most out of their excess funds while ensuring long-term growth and success?

1 answers

  • makotoNov 05, 2021 · 4 years ago
    At BYDFi, we believe that one of the best practices for allocating a surplus budget in the blockchain industry is to invest in community development. Building a strong and engaged community is crucial for the success of any blockchain project. Allocating funds towards community events, education programs, and incentivizing community participation can help foster a loyal and supportive user base. Furthermore, allocating a portion of the surplus budget towards partnerships and collaborations can expand the project's reach and create new opportunities. By prioritizing community development and strategic partnerships, companies can maximize the impact of their surplus budget and drive long-term growth in the blockchain industry.

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