The cryptocurrency market reached a record of 732 billion in market capacity in January 2018, a 732-fold increase from 2013! In this exciting emerging market, opportunities abound not only for investors but also for job seekers. As with any industry, specializations will emerge to meet the demands of cryptocurrency companies seeking to tackle the blockchain solutions industry. Besides the skills involved in coding to develop the blockchain solutions, organizations require expertise to deal with the culture and values of the cryptocurrency community.
In general, the cryptocurrency industry and market as a whole are still in its infancy. The type of work scope has not been fully identified and is slowly unraveling as the industry develops. Some of the scopes of work are unique. Nonetheless, some existing job scopes were the basis of the others. Regardless, the aspiring job seeker looking to break into the cryptocurrency Fintech industry have to prepare and be in the loop for trending jobs that are in demand. Being well-informed will benefit the aspiring job seeker in landing that cryptocurrency internship or starting a career in a cryptocurrency company.
In this article, we will look at ten in-demand cryptocurrency jobs. Moreover, we will discuss the key insights into the culture and values of the cryptocurrency community.
Culture Of The Cryptocurrency Community
The crypto community is born informally from like-minded individuals. The lack of hierarchical or organizational structure can make the cryptocurrency space feel like a digital wild west to those who are unaccustomed. In reality, this works out as cryptocurrency centers around decentralization and peer to peer connections. From this chaos, a culture has developed around those involved in cryptocurrencies. It is important to learn the lingos such as HODL and SAFU. An individual looking to build a career in cryptocurrency need to know the slang to relate and build rapport with a target audience. This is especially important if the job in cryptocurrency pertains to marketing. Another important culture element is symbols. Symbols help convey messages and build associations. For creatives who are looking to break into a career in the cryptocurrency industry, knowing these symbols will help expedite work and bring greater value to the cryptocurrency company.
Cryptocurrency Values
The cryptocurrency industry and market became popular through Bitcoin. As such, the ideology behind digital currencies and blockchain solutions arose from a need in decentralized governance, peer to peer transactions, and open-source technology, among other things. Hence, the target audiences within the cryptocurrency market will gravitate towards cryptocurrency companies who align themselves with relevant values. There is a possibility to design blockchain solutions as centralized systems. However, the methodology should still exhibit the relevant values to resonate with the industries’ wider community. The establishment of these types of values is still on-going. And so, the aspiring job seeker looking to break into a career in the cryptocurrency have to keep abreast on the latest news and happenings. Additionally, some core values withstood the test of time. They are transparency, open communications, and safety of funds.
To start building a career in the cryptocurrency industry, an internship in a cryptocurrency company can be useful in getting that first-hand experience. The complex differences learned could prove invaluable.
Top 10 In-Demand Cryptocurrency Jobs
To give you a bearing in navigating the cryptocurrency job market, the top ten list below will highlight some crucial and upcoming cryptocurrency jobs. There are two classifications of these jobs: the operations, and the specialist roles.
Operational Roles
1. Community Manager
First, we have a community manager. One of the aspects of rating a cryptocurrency project is community strength. As most, if not all current cryptocurrency startups are in the development or implementation space, their token value is highly speculative. The role of the community manager is to build a supportive community around the cryptocurrency company and foster goodwill. These community managers will alleviate fears among stakeholders during bear markets and in times of uncertainty and doubt. Also, the job scope requires the aspiring job seeker to consistently and periodically update the general public on the cryptocurrency company’s progression status.
The current history of the cryptocurrency market has proved that community managers are invaluable. In every crisis, the public will first air their concerns and frustrations on social media. The community managers will step in to monitor the sentiment of the crowd. At the same time, he will open up dialogue as part of the damage control process.
As a community manager, patience is a core virtue to deal with harsh criticism and backlash. Knowledge and experience in marketing would be useful. However, the ability to handle social media channels such as Instagram, Twitter, and Facebook as a communicational tool is an absolute must.
2. Client Relations
Client relations job is crucial for cryptocurrency companies that raise capital from a venture capitalist, institutions, and high net worth individuals. To develop a solution to a problem, funds are needed. For start-ups, they will likely be heavily dependent on external help. This is because the generation of the revenue is not possible until the value proposition comes into fruition. The period of development will require client relations personnel to touch base with relevant individuals by reassuring and updating them on the progress of the cryptocurrency company or project. It would be a devastating event if a large backer suddenly pulls out. Thus, client relations job is even more relevant in cryptocurrency space.
The traits that make good client relations personnel are a combination of soft and hard skills. The individual building a cryptocurrency career through client relations needs to be friendly, patient, and adaptive. At the same time, he must understand the cryptocurrency context well enough to explain key facts.
3. Cryptocurrency Content Writer
In the field of cryptocurrency marketing jobs, content writing is not a new job scope. However, how would you write content for such a technical and rapidly changing industry?
Besides research, a strong passion for cryptocurrency and the Fintech industry are needed to produce content that is both engaging and relevant to audiences. As the industry is evolving at such a breakneck speed, content writers need to constantly update themselves by monitoring the news. A lapse in attention to the market and industry is a missed opportunity to capitalize on a trending event or news.
To start venturing into a career as a content writer for cryptocurrency companies, one can start by reading articles related to the blockchain industry. He also need to develop a handful of articles to add to his portfolio. There are social media sites about blockchain technology such as Steemit. In there, you can start posting cryptocurrency articles for a strong focus group of crypto enthusiasts.
4. Events Manager
Anyone familiar with the cryptocurrency space might have discovered the high frequency of events held at roadshows or large exhibitions. Organizer, companies, or large industry leaders in the Fintech industry are hosting these events. Their purpose is to support community building, establish a presence, and develop branding. At these events, they will have educational talks along with merchandising at a dedicated booth for each respective cryptocurrency company or project. The intangibility of the internet and blockchain solutions, in general, requires events to give the cryptocurrency company or project presence. As the public can see a physical presence, they are more likely to be assured. Besides, these events serve important marketing functions such as branding, creating visibility, and supporting relation building.
An events manager’s task is to oversee the event from start to finish, from planning and set up so he can monitor the activities on the ground. An individual hoping to build a career in the cryptocurrency space as an events manager needs to possess vigor and passion for cryptocurrency and blockchain in general.
5. Country Manager
The digital aspect of the blockchain industry allows its users to take place globally. A cryptocurrency company looking to focus their venture into specific regions will have to set up a dedicated office. The reasons for setting up a regional presence are varied, but ultimately, an aspiring country manager can bring value to a cryptocurrency company by offering insights into the region’s customs, laws, and compliance regulations. These country managers are invaluable in ensuring that operations run smoothly. This is especially true as many regulations around cryptocurrency are still being developed, thus creating a grey area where organizations must tread carefully.
A country manager requires both knowledge and experience in operating a business in a particular region. Being familiar in cryptocurrency and blockchain might not be part of a country manager’s job scope. However, an aspirant will stand a better chance of building a career in the cryptocurrency industry if he has that contextual knowledge.
Specialized Roles
6. Translator
As mentioned, the cryptocurrency market is on the global stage. The division of the target audience is according to geographical location. Each country has its language and dialect. Translators are needed to turn the original content and message into the language that is native to each geographic location. Translation work has traditionally been outsourced as bounties, where the distribution of a project’s native cryptocurrency tokens focuses on those who provide translation work. Recently, as the cryptocurrency industry is becoming more formalized, cryptocurrency companies are looking for full-time translators. The expected job scope could range from translation of the text to on-stage presentations. Despite the wide range of scope for translation work, the value of a candidate who can bring translation work to the table is high. The reason is that the key documents such as the whitepaper require accurate translation of meaning.
Translation work is a niche skill. And so, the more languages an aspiring job seeker has, the higher the value he can bring.
7. Exchange Manager
Creating a cryptocurrency is the equivalent of setting up a small economy. In the blockchain and cryptocurrency world, there is the Tokenomics in place of Economics. As a digital asset holds value, circulating supply, and utility, there is a need to have proper planning as well as close monitoring of it before releasing the token into the market. Therefore, the exchange manager oversees activities about inflation, token pricing, bad actors, and contributors, just to name a few. These details all have to be planned for and managed to avoid catastrophe later on down the development process.
As an exchange manager, the skills required are more technical. A deep understanding of token utility, supply schedule, and the logic behind the blockchain architecture is needed to take on this job. Since there is no formal education on cryptocurrency and blockchain in general, an aspirant looking to build a career in cryptocurrency as an exchange manager needs to self-educate. He can do this by reading the whitepaper of cryptocurrency projects and following up on cryptocurrency trends.
8. Crypto Market Analyst
A crypto market analyst is required to monitor the trend of the cryptocurrency market. Many cryptocurrency companies and projects raise funds through other cryptocurrency such as Ether. As such, a fall in Ether value will mean a fall in total capital that the cryptocurrency company or project has. With the proper trend forecast, these cryptocurrencies might be moved into another form of value to weather a bear market. This is also true during bull markets. The cryptocurrency liquidated at a higher rate would mean more capital.
The crypto market analyst must have knowledge and experience in the cryptocurrency markets as well as technical analysis skills.
9. Blockchain Developer
The development of a blockchain solution will depend heavily on the workforce coding for the blockchain. Regardless of how ambitious or revolutionary the idea, the process of building will start with coders. They form the foundation of the blockchain team with a cryptocurrency company or project.
The type of skills needed are varied as each blockchain requires different types of computer language. Coders will be required to either find a cryptocurrency company or project that require their technical skillset or amass as much technical skill as possible to increase the range of job opportunities.
10. Chief Technology Officer
The chief technology officer will oversee the development of blockchain solutions and technological innovations. To lead a team of coders, an individual requires not only leadership skills but also technical know-how to understand and guide the workflow. In an increasingly competitive landscape with white label technologies and platforms, the chief technology officer is indispensable in facilitating routine operations and top management decision-making to create points of differentiation.
As the industry grows, so will the list of new jobs. This article has covered the ten most in-demand cryptocurrency jobs. As an aspiring individual looking to build a career in cryptocurrency, it is important to continuously read up on developments in the cryptocurrency job market.
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