Topic: BMs, does bounties help the project? (Read 309 times)

Everything should really be in proper place so that investors or people around would able to know on what the project is all about and the roadmap does it have so that anyone would tend to check out will definitely have the idea on what or on where the project would really be goin.Marketing does work but depending on the projects potential if its good or bad or simply copy cat in the market.Investors woudlnt really be that dumb
on not to seek for the best one and this is where demands do really differ because there a projects which arent really focusing much or spending lots in marketing but still succeed because
the people do see its real potential thats the case on which do really happens.

That last point you said is a lame method sometimes taken by some hyped owners to attempt to promote their project. While the first two are defenitely true for some, having a good whitepaper and a team developing a working product solves a lot of the first hand problems, which when added with a proper marketing can help launch a project provided other factors are being stable.

The one thing that negates all that is the failure of the project. If the project fails or the team goes AWOL the price will tank and never come back up. Bounty hunters will never be able to sell at those prices and their work essentially went to zero. There is no legal approach to this and most cases they die out pretty soon.

For some reason there are project fails its because first they don't have clear proper outlook towards their project. Second there team member is unknown or not transparent to show their identity and last they rely to much on the campaigns here and didn't do any follow another marketing to increase the hype of their project that's why they end up failing and blame it to the campaign and its participants.

Also for thinking about listing well I can say they are success to that since meaning they are getting sales on their ICO,IDO,IPO or any words what they to conduct token sales. And those exchange listing is the prize for their investor and bounty hunters since they will get their compensations for participating their project.

The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.

Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.

Come to mind off that not all projects are legit, most of them are shit and scam/frauds which they do really pay but into those tokens/coins which doesnt really have actual value.

On general, bounties are still relevant considering that this place had the most crypto traffic today then it would really be just sensible on showing up some exposure on this
place yet investors are mostly lurking on here.

So as to speak that it is still helpful and to those who said it isnt then their projects are shit.

Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too

I think of course Bounty help the projects. Bounty is a great way to spread the word about a project in short time. If Bounty had not helped any project, it would have lost its popularity by now, and no project would pay for Bounty.

i think the best way to get an accurate answer is to ask the projects team themselves, like for instance, the project you are currently campaigning for, you can ask if the months of doing campaign for that project is worth it, from what i understand DigitalGold has been running their signature campaign for a long time now and they are still running it, so the question is, if the campaign is not worth it, will they keep paying for promotion here?

Not totally a waste of money if they execute the right marketing promotion with verifying their target audiences that's why campaign manager role is important and the owner should get a reputable manager so they can verify the social media friends of the participants is real people also on which their hired influencer really have a good active community since if they hire random people then expect that you can get bot participants and not real one so the result they will end up getting not paid as well the real users who joined their bounty will not be paid.

You are not wrong. I get all the points of the above people but the truth is as you have heard yourself from the projects who pay for bounties,,, that it is a waste of money. But let me clarify a few things.

Firstly, projects say it is a waste of money but they actually are stupid to think that bounties can bring users or even token buyers. It only brings people who want free things. So what you pay for when you get bounty people is a lot of numbers and followers on social media. They are not users but if you pay for that, you get exactly that, nothing more. This is mainly why projects do not pay in the end. They thought getting 10000 Telegram users would bring in at least some token buyers.

Secondly, have you seen the quality of bounty hunters? Shilling like influencers, with no actual use of the product or service,,, but without the actual ability of influencers to convince people to buy. Not to mention many of them use bots and fake copy paste machine learning tools to produce content. I think BMs have a big responsibility here to first of all ensure project is legit, and second of all to ensure the hunters are real people who are users themselves. The problem is I do not see any bounty project with a requirement for hunters to actually use the product.

TBH bounty was only for pushing the marketing but the dev of project will be playing a lot in this. A project like payaccept already raised almost 2 millions USD after they have been running bounty as promotion for a few months. I mean the hunter didn't even get paid even a few cents while the developers have raised million dollars from the investors.
Basically, the dev can learn from the mistake about what things that make them didn't reach the minimum funding but as you said that these days there are also so many launchpad and this can also help them to push funding to their target. Don't you see AAVE? this project was doing the biggest bounty in the world as a participant get paid more than 2 millions USD with the current rate https://bitcointalksearch.org/topic/ethlend-decentralized-lending-the-big-bounty-program-2078686. Vulcan forged, Hex, Utrust and many tokens listed on binance have ever done bounties as a part of its promotion in here.

Would you ever think on why projects do mostly make out some bounties on this forum? They do know that this place is the most relevant in terms of crypto traffic.

You should really mind off that everything isnt an assurance when it comes to marketing stuffs or simply with business.It would neither be considered or would be
rejected because it all matters with projects potential and real use case on which it would really be giving out support on such project.

Exposure and marketing does help but those are only one of the factors because those qualities i do mentioned above is the most
important consideration.

Well if they can fund their project to make it continue then they should pay the hunters and they can decide whether they lower down the rates to protect the investment of their investors, if they can't do it then its a huge red flag since this mean that the project owner didn't care about his community and they only want to make their pocket fat so I guess its time to move on at them and never do any buy back since most of this project turn scam.

BTC payment campaigns are indeed very feasible and bounty because they will pay according to the rules but their project is certain and clear. In contrast to bountys, the success rate is still unclear so it is not uncommon for them not to pay, or pay with payments that are not in accordance with what has been announced because the sales target is not appropriate but the bounty hunters will get a payment that may be larger than the bitcoin payment campaign if the project being followed is successful and becomes a trend so that there are many enthusiasts even though the sale has been completed

That's fair, I meant for projects who solely don't pay bounty hunters just because bounty results didn't turn out as they expected. They could still be having tge, etc.

That's right, but if the project doesn't have a good idea, is poorly organized and only hopes to raise money quickly and then disappear, do you really care about tokens that will have no value, because most likely they won't even be listed on exchange?

I Think bounty manage who will not share his projet goals.Bounty huter promotion their project in social media. They are feedback only for bounty hunter like some investor come. I Think BTC signature campaign is better than bounty.Bounty reward didn’t satisfied us.But Think bounty hunter needed Every project for promoting social media post.When they have more improvement then his project will be successful and reached their goals.

Maybe you are looking at the wrong timeline. The ICO craze or any other craze that has happened in crypto only helped the ones who were among the first few. Beyond that the balance shifted more to shitcoins than useful coins.

Also bounties have now become a method of attracting cheap labor and vanishing projects are very common with no legal implications at all. Hence the members who wish to spam managed to create a lot of spam during such times back in 2016-2018.

It is debateable, some projects saw success in campaigns while some did not. The concept of bounty could have been better if this "cheap labor force" concept did not become popular. You can see signature campaigns being more successful than bounties.

Just my 2sats, maybe a manager can speak better on this topic.

If that's what project does, then that project is failed one. You did work, you deserve to be paid. I have done few bounties where the admins were dissatisfied with results yet they paid.

First of all, bounty manager wont answer your question, because he is the same hired person. Project dont usually share their bounty statistics. Their goal is to attract attention in media with the help of bounty. But since projects create posts, write articles and run promotions by themselves, parallel bounty, it is hard to tell which investor came from bounty, and which came directly.

The only feedback you can get from projects about bounties, are from small projects with newbie SMM. Projects that runs bounty and expect huge investments to be immediate. Projects that think bounty campaign = lots of money, while not having a great idea behind the project. The only feedback you can get from them is "we stop bounty, as it was unsuccessful and we are not satisfied with results".

Yes , I am one of your follower Kabayan , I even posts many times in that specific thread you created to Help us find a worth joining Bounties.

But like what you said time fade and legit projects are turning off in which there are very few that pays well most ended up scamming.

But like what OP tries to Imply here, i don't think that Managers has something to do if the owner of the projects scammed people because they are only being paid for their job in conducting bounties.

I'm a consistent bounty hunter last few years ago but didn't seem to continue my bounty life as some of those are started to fade or giving not satisfactory reward. I remember I did som compilations for helping others pick some good bounty but it seems I can't continue since the trend is going down for good projects or let say legit one that pays good for participants. Maybe, I'll try again next time if I found or the wind changes for campaign.

maybe out there this forum is considered one of the best places to introduce their project and get the attention of many crypto lovers.

it is very possible that the people behind the project are the same people using other identities, so the original goal was really just to scam people, especially this forum is a free forum so they don't have to spend a lot of money to promote in this forum to get a lot of investors

not being malicious but i believe because most of those who runs bounties are teams of scammer and i believe that there are group of people that organized in running multiple projects just to scam people and bounty hunters.
and obviously why those scam project succeed? because there are still bounty hunters that willing to participate even it is an obvious scam.
so this is the reason why many project fails even they conduct bounties because of investors already Knew them.
and those succeed that does not conduct bounty are the projects that has legit team and future.

JRT, this was back early 2018 ig, shortly after bounty was done they said, bounty was given unnecessary allocation, it did nothing good for project.

If I might ask can you give me an example of that? I believe that some projects already calculated and reserved some token allocation specifically for the bounty.

I don't know for sure but I assume by the fact bounties keep popping out, it gives a sign that somehow bounties are able to give some projects exposure. Whether it's some shitcoins or some decent project, Bitcointalk is known as a place whereas cryptocurrencies bounties are listed here. And the things that some bounty are not particularly focused on this platform, like the bounty hunter are needed to post the project on other social media might indicate that it somehow gives some "value" to the project.

Yes there are lot of projects with their personal funds to finance all their requirements and needs.
Bounty is not compulsory that project must run, to my point of view. Bounty is only for awareness to make spread the project also to seek more investors all over.
A good projects is always and good project and bounty managers doesn't have power to make project successful, all they do is to launched the bounty and monitors every activities of all participants.
Otherwise we can say "bounty is alternative means of fund raising".

Those successful projects but didn't conducted a bounty. They're not focused in the forum and that's why we haven't seen them around. The successful ones that I've seen and saw not in the forum, they're more focused with the partnership they have with exchanges so that the benefits is with them.
After their sale, they're already into that exchange and the budget that they might allocate to the bounty, they'll just have to pay the exchange and they do the rest.

Certainly, a lot depends on the rules of the campaign and on which social media it takes place.
Certainly, it is also very important that the bounty manager checks very carefully whether the tasks has been performed correctly by the participants.
If high standards and quality are maintained, the campaign will definitely have a positive effect.

The definitive answer should involve the project developers themselves. In general, statistics on campaign results and effectiveness can be viewed and evaluated while the campaign is in progress, and even then only the team can access it.
I have seen several times the campaign was stopped by the manager after a few days because the team judged there was no improvement.

Maybe you can get an answer if you PM the bounty managers because I don't think most of BM is never going to visit the section for sure.

I believe it was helpful until the end of 2017 when ICOs were peaking then there also bitcoin paying signature campaigns for tokens and altcoins but after that we didn't see much of the bitcoin paying signature campaigns which itself a sign that its not really helpful so they choose other form of advertising.

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?