How To Use Discord As A Crypto And NFT Trader

Of about 5 billion global internet users, 250 million use Discord.

Discord is a free communication platform with voice, video, and text chat features.

Discord allows anybody and everybody to create a virtual community, and discuss and engage in interactive sessions online.

Discord was primarily developed for gamers but now has different people with different interests.

Discord has a web version for Personal computer users, and you can also download it on your Android, iOS, Linux, macOS, and Windows-enabled devices.

Today, discord is one of the widely used tools by crypto and NFT traders.

Crypto and NFT traders use Discord to interact, connect with like minds and share ideas among other crypto enthusiasts.

NFT creators use Discord to gather buzz and publicity and share giveaways with their community members.

Discord is one of the viable tools for Decentralized Autonomous Organization stakeholders to engage in private discourse.

You can have up to 500,000 persons on a Discord server.


Keywords: Discord, crypto, NFT, Non-fungible tokens, server, channels, application, communication.


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According to Statista, as of April 2022, about five billion internet users are spread across the globe. These users belong to one online community or more.

While as an internet user, you can meet and engage strangers with whom you share the same interest or like minds of the same community via social media platforms. Some online platforms are more discreet.

These platforms are available for gamers, tech enthusiasts, developers, and other individuals who share similar interests. One of these platforms that is available for internet users is Discord.

If you own an online community or are a member of an online group where you meet like minds and share ideas, you would probably have heard or used discord.

Not to worry, this article will explain what Discord entails and how to use Discord as a crypto and NFT trader.

Let's begin!


What Is Discord?

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Discord is a communication platform with about 250 million users spread across the globe. Discord is a free voice, video, and text chat platform that enables you to create a virtual community, discuss, chat, engage in video call sessions, and hang out (virtually) with your community members.

Discord is primarily developed for gamers who engage in multi-player games and regularly discuss and interact with game consoles. Today, Discord has become popular among gamers, crypto traders, NFT creators, and other internet users keen on having a private community for large users.

One distinct feature of Discord is that it is platform agnostic and is not tied to a specific app; as a gamer, you can integrate it into your Xbox or PlayStation account. Due to this agnostic feature, developers, crypto traders, crypto enthusiasts, NFT creators, and holders can also integrate Discord for their use cases.

Discord is multipurpose and can fit into any community. You can set up a discord group for an art project, family trips, mental health support, market coordination, professional meetings, etc.

Discord enables you to keep your group private or public. There are no limits to the number of users you can have in your community. However, it is mostly used by small, active groups of like-minded individuals.

If you create a private group on discord, you will have to send invitations to your friends and grant them access to join the group. All conversations would be opt-in if it were a public group and a more open community. The group's owner or admin will control all interactions and membership.

Having identified in detail what a discord platform is and how you can use the app, we shall proceed to how you can create or join Discord.


How To Use Discord

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Using the discord platform is as easy as using other online communication platforms. There are two ways to access the Discord platform; You can use the browser version on your personal computer or desktop. The app is also available for iOS, Android, Linux, macOS, and Windows.

After successfully getting the app or accessing it on your browser, you can join a server (a group or channel where the interaction takes place) by searching for the one that interests you, accepting an invite, or creating your server.

After creating your account on discord, you can simultaneously join up to 100 servers and shuffle between them. You can adjust which of the servers would be of priority and receive prompt notifications from the prioritized servers. You can use different nicknames for all servers that you belong to.

If you create a server, you can have up to 500,000 members in your virtual community. However, once the participants exceed 25,000, you must reach out to Discord Support to increase your server space. If you do not reach out, your server may experience connection errors while discussions are ongoing.

Discord has video features that are similar to twitch. You can share your screen with other server members at different locations, watch your favorite streamer, and engage other fans in other discord channels.

Even though gamers constitute the predominant discord users, other internet users such as crypto and NFT traders use Discord regularly.


How Crypto And NFT Traders Use Discord

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The usage of Discord varies among communities and users. Gamers will create a discord server to share ideas, interact and play multiplayer with their friends.

If an NFT trader creates a Discord server, he will create it to foster communication between NFT enthusiasts, build a robust community, and ensure the NFT collection gathers enough hype.

NFT holders use Discord for giveaways. When digital art creators mint a new collection, they often forward messages to their Discord server. Members in this server are enjoined to engage in marketing activities to ensure the launched collection gathers enough buzz and publicity.

In return for this task, the creator will give some pieces out of the collection or airdrops to random members of the Discord group.

NFT traders use the private discord servers and channels for private discussions and interactions relating to the project at hand. Discord channels are safe and secure, and the moderator and admin can control who has access and see the messages.

For crypto traders, Discord servers and channels help you access essential trading tips. These tips will guide you on making a profit in your trading and avoiding loss.

You also get direct information on the latest hot gist in the crypto market; you are well informed on the latest token and blockchain protocol.

You engage in Discussions and interactions on discord servers and channels. These discussions are based on trading signals and the tips that will benefit you as a Crypto trader.

Some of the prominent discord channels for NFT and crypto traders include r/Cryptocurrency, MEGApump, WallStreetBets, etc.

Finally, Discord has proven to be the best communication platform for Decentralized Autonomous Organizations (DAO) members. Members of DAOs use the created Servers and channels to discuss governance issues, and missions and reach consensus on important updates. You can set the Discord channel to only give room for stakeholders.


Conclusion

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Discord is like every other communication platform; however, Discord has robust and smart features. The basic function is providing a communication and discussion platform for every internet user, irrespective of location.

The basic features of Discord are free. Albeit, you can activate premium extras with the Discord Nitro. The Discord Nitro costs $5 per month or $50 per year. The Nitro package lets you change your four-digit username tag, get a Nitro badge on your profile, improve your video quality, etc.

Discord is friendly and adaptable to all communities, no wonder we have more crypto and NFT traders creating and joining discord servers/ channels at an exponential rate.






Author: Valentine. A, Gate.io Researcher

This article represents only the researcher's views and does not constitute any investment suggestions.

Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.