May: New Monthly Member Growth Record – Nugget’s News

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Nugget's News

Nugget's News

Metrics & Milestones

A new record of 355 new members joined the Nugget’s Crypto Community (NCC) in May, the most of any month to date since we started back in 2017, with the previous record being 198. We have been particularly encouraged by the contribution from new and old members providing an extremely valuable experience for everyone as the size of the group continues expanding.

Our Resource Hub continued to expand over the course of May. At the time of writing, it has attracted nearly 70,000 unique visitors since going live in February, an outstanding accomplishment by all of our content creators led by our Head of Research & Written Content Matt Willemsen.

The Hub is intended as a go-to source for anyone wanting to learn about Bitcoin and cryptocurrencies more broadly. It also features plenty of beginner-friendly resources on finance and economics. (From our experience, people with a basic knowledge of these two areas have a relatively easier time learning about cryptocurrencies.) Below are a few resources published in May.

Industry Involvement

It was exciting to see Alex’s stock-to-flow model he created for ether (ETH)—the native cryptocurrency of Ethereum—be the feature of an article in crypto news site U.Today.

We were also grateful to Cointelegraph for including Alex in the featured artwork of its Hodler’s Digest for the week ending May 3. We all had a good chuckle upon seeing it!

Illustration of Nugget in Cointelegraph (Source)

Business Development

There were a number of key developments across various areas of the business in May. A highlight was partnering with Marin Katusa of Katusa Research to arrange for his premium commodities reports accessible at a discount for our followers and members in line with our new monthly Commodities Report.

We arranged an incentive offer with new partner Independent Reserve, one of the pioneering crypto exchange operators in Australia and New Zealand. Nugget’s News supporters can now access the most competitive quotes when buying and selling cryptocurrencies through Independent Reserve’s over-the-counter desk. Another partnership struck in May was with personal VPN service provider NordVPN.

From a product development standpoint, we distributed to members the beta version of a newly formatted research report we collaborated on with partners. Members’ thoughtful feedback was very helpful and we look forward to integrating these research materials into the new Member Dashboard, which we continued to develop throughout May.

Finally, we committed resources to regulatory compliance in May. This involved hiring an expert team to review past content and establish internal guidelines to help ensure we remain compliant with regulations on the provision of financial advice.

In Closing

Our strong ability to execute and adapt to fast pace growth have stuck with us even during this extended period of remote work. I’m extremely grateful to be a part of a team that embodies the values of a high functioning, caring and enjoyable team.