To me, the signature campaign and the Translation are by far the best bounties, even a newbie can start earning by doing it. I have experienced it with a few projects that i have translated, it s obvious that you wont get top projects in the beginning but in the end with perseverance you ll get top projects.
Topic: Best Bounty Categories – a quick & simple multifactorial analysis (Read 143 times)
February 15, 2018, 05:51:35 PM
Hello everybody,
It's been a while since I wanted to open this thread to see what's the feeling of the community about this subject. Here it is: when a bounty newcomer begins bounty hunting, has has to choose which category to dive in.
I'm not searching for any advice, as I made the choice to be on the translation side since the beginning (and I'm beginning to think about bounty managing – but there is still a long way).
It's more an open thread to share some feelings and learn new things, and I hope, that will be useful for bounty newbies...
I think each kind of bounty has its pros and cons, but maybe some categories distinguish themselves for what everybody is looking for: the best financial return VS work ratio. Here is a written transcription of a reasoning/assessment that I have always made informally in my head, and which I found interesting to put on paper:
Key factors to consider (list may be implemented with your suggestions
):
• Avg. % of tokens taken by the category compared to the entire bounty pool
• Avg. number of participants for this bounty category
The 2 factors above directly impact how much you will get paid for your work
• Amount of initial work necessary for the bounty category
• Amount of long term work necessary for the bounty category
• Level of skills and crypto knowledge that is requested
• Bounty availability (is reactiveness necessary? Are the places limited?)
• Barriers to entry (ranking, experience, audience, friends/followers)
• Quality of the ICO projects you can choose. This is a very important factor that is the consequence of the "Availability" factor above: some type of bounty allow you to choose whatever projects you want without the need to be reactive, so that you can choose only the best ones, while other categories force you to accept mid quality projects because of the scarce availability. This factor implies "hidden gains" me may not see at first glance: project's token price when hitting the market, especially in a bullish market. Let's take an example: if I make an article bounty for a very good ICO, I may earn "only" $500 worth in tokens, but as the project is good, it may be 3x when it hits the exchanges, ending earning $1500 – the same amount I would have earned by making a way longer and harder translation for a mid quality ICO that will stay 1x or less when it hits the exchanges.
• Is the work "pleasant"/repetitive/constructive..?
• ..... (waiting for your suggestions
)
Bounty typology:
• Signature
• Content generation (article, youtube)
• Translation
• Social media (twitter, facebook, telegram)
• Bounty manager
My personal ratings and conclusions (what are yours? )
Disclaimer: I'm focused on translation, so I could be wrong about other categories – and that's the aim of this thread!
[RATINGS OUT OF 5 WITH 1:poor 5:excellent or 1:easy 5:hard --> 5 is always the best rating for any factor]
What should we conclude from this table?
-->Signature campaign is for me a "must do" for any bounty hunter. You basically get paid while you interact in this forum, so you don't even "feel the pain". Even if, with the Merit system, it is now way harder to uprank (so it's a little less interesting than before).
-->Translation campaign is still for me the "queen of bounties", but it requires times, language skills, and crypto knowledge. And sometimes, you have to accept mid quality ICOs because competition is very hard (1 language = 1 bounty hunter).
-->Content creation campaign is one category I maybe undervalued. It has big pros: you can choose the best projects, it doesn't take lots of time, it's a "one shot" work...But rewards are not as important as translation ones...But if you choose the right project, you can easily make a 2 to 5x when it hits the exchanges, and earn really nice rewards with a maybe unbeatable reward/work ratio...
-->What about social media? I never really dig about it, because I'm not sure about the rewards. But it seems to be a very flexible bounty. Any Social Media specialist here?
I hope this thread will be useful and constructive; remember, it's only how I, remol, see things
It's been a while since I wanted to open this thread to see what's the feeling of the community about this subject. Here it is: when a bounty newcomer begins bounty hunting, has has to choose which category to dive in.
I'm not searching for any advice, as I made the choice to be on the translation side since the beginning (and I'm beginning to think about bounty managing – but there is still a long way).
It's more an open thread to share some feelings and learn new things, and I hope, that will be useful for bounty newbies...
I think each kind of bounty has its pros and cons, but maybe some categories distinguish themselves for what everybody is looking for: the best financial return VS work ratio. Here is a written transcription of a reasoning/assessment that I have always made informally in my head, and which I found interesting to put on paper:
Key factors to consider (list may be implemented with your suggestions
):• Avg. % of tokens taken by the category compared to the entire bounty pool
• Avg. number of participants for this bounty category
The 2 factors above directly impact how much you will get paid for your work
• Amount of initial work necessary for the bounty category
• Amount of long term work necessary for the bounty category
• Level of skills and crypto knowledge that is requested
• Bounty availability (is reactiveness necessary? Are the places limited?)
• Barriers to entry (ranking, experience, audience, friends/followers)
• Quality of the ICO projects you can choose. This is a very important factor that is the consequence of the "Availability" factor above: some type of bounty allow you to choose whatever projects you want without the need to be reactive, so that you can choose only the best ones, while other categories force you to accept mid quality projects because of the scarce availability. This factor implies "hidden gains" me may not see at first glance: project's token price when hitting the market, especially in a bullish market. Let's take an example: if I make an article bounty for a very good ICO, I may earn "only" $500 worth in tokens, but as the project is good, it may be 3x when it hits the exchanges, ending earning $1500 – the same amount I would have earned by making a way longer and harder translation for a mid quality ICO that will stay 1x or less when it hits the exchanges.
• Is the work "pleasant"/repetitive/constructive..?
• ..... (waiting for your suggestions
)Bounty typology:
• Signature
• Content generation (article, youtube)
• Translation
• Social media (twitter, facebook, telegram)
• Bounty manager
My personal ratings and conclusions (what are yours?
)Disclaimer: I'm focused on translation, so I could be wrong about other categories – and that's the aim of this thread!
[RATINGS OUT OF 5 WITH 1:poor 5:excellent or 1:easy 5:hard --> 5 is always the best rating for any factor]
What should we conclude from this table?
-->Signature campaign is for me a "must do" for any bounty hunter. You basically get paid while you interact in this forum, so you don't even "feel the pain". Even if, with the Merit system, it is now way harder to uprank (so it's a little less interesting than before).
-->Translation campaign is still for me the "queen of bounties", but it requires times, language skills, and crypto knowledge. And sometimes, you have to accept mid quality ICOs because competition is very hard (1 language = 1 bounty hunter).
-->Content creation campaign is one category I maybe undervalued. It has big pros: you can choose the best projects, it doesn't take lots of time, it's a "one shot" work...But rewards are not as important as translation ones...But if you choose the right project, you can easily make a 2 to 5x when it hits the exchanges, and earn really nice rewards with a maybe unbeatable reward/work ratio...
-->What about social media? I never really dig about it, because I'm not sure about the rewards. But it seems to be a very flexible bounty. Any Social Media specialist here?
I hope this thread will be useful and constructive; remember, it's only how I, remol, see things
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