Company
Kraken
Project Type
Web-3
Year
2020
Kraken
Kraken Exchange, a leading cryptocurrency trading platform, successfully implemented a comprehensive social media strategy to address declining engagement rates and follower growth across multiple platforms. The campaign resulted in significant improvements in engagement and follower counts across key social networks.
Executive Summary
Kraken Exchange, a leading cryptocurrency trading platform, successfully implemented a comprehensive social media strategy to address declining engagement rates and follower growth across multiple platforms. The campaign resulted in significant improvements in engagement and follower counts across key social networks.
Challenge
Declining social media engagement despite crypto industry's heavy social media presence
Need for improved content strategy across Twitter, Telegram, Reddit, and YouTube
Stagnating follower growth
Limited platform-specific optimization
Initial Situation
Established presence on major social platforms
Inconsistent engagement rates
Platform-agnostic content approach
Limited performance tracking
Need for platform-specific content optimization
Strategic Approach
Platform Analysis
Conducted comprehensive platform-specific metrics audit
Analyzed engagement patterns per platform
Evaluated content performance metrics
Identified platform-specific opportunities
Content Strategy Development
Created platform-tailored content calendars
Developed diverse content types
Implemented engagement-focused posting strategies
Optimized content formats per platform
Community Engagement
Established platform-specific engagement protocols
Created targeted interaction strategies
Developed community-building initiatives
Implemented response guidelines
Implementation Process
Phase 1: Analysis & Planning
Gathered platform-specific metrics
Analyzed current content performance
Identified engagement patterns
Developed platform-specific strategies
Phase 2: Content Optimization
Created tailored content for each platform
Implemented new content types
Established posting schedules
Monitored performance metrics
Phase 3: Community Building
Increased community interaction
Implemented engagement initiatives
Developed response protocols
Enhanced community management
Results
Engagement Metrics
2.4M impressions via new & repurposed content
77.4% increase in new Twitter followers
57% increase in new Facebook followers
Platform Performance
Significant engagement uplift across all platforms
2M+ impressions within first 2 months
Improved community interaction
Enhanced brand presence
Key Success Factors
Platform-Specific Approach
Tailored content per platform
Optimized posting strategies
Custom engagement tactics
Content Diversity
Mixed content types
Engagement-focused materials
Platform-appropriate formats
Consistent Execution
Regular posting schedule
Maintained engagement protocols
Continuous optimization
Lessons Learned & Recommendations
Content Strategy
Platform-specific content performs better
Engagement requires consistent interaction
Content diversity drives results
Platform Management
Each platform needs unique approach
Regular metrics monitoring essential
Community engagement crucial
Future Opportunities
Expand content types
Increase community initiatives
Develop platform-specific campaigns
Long-term Impact
Sustainable engagement growth
Strong community foundation
Improved brand presence
Enhanced social media ROI
Conclusion
The transformation of Kraken's social media strategy demonstrates the importance of platform-specific approaches and consistent engagement. The significant improvements in follower counts and engagement rates validate the effectiveness of tailored content strategies and dedicated community management.