Topic: Bounty alone is not enough (Read 10940 times)
Of course if a project only relies on bounty based promotions it is certainly not effective but a project is successful if the team also contributes to promoting the project so that it can bring investors in large numbers but I disagree if the bounty does not act as a prize. important role because we know there are many investors in this forum, even you as a bounty participant will definitely participate in purchasing tokens if this project is indeed very good.
I think most of the projects are really not just relying on bounty and airdrop but they have some ways of paid advertising too like their logos are in some sponsored websites, forums and even in exchanges. Bounty is a free advertisement in which they are not oblige to pay the hunters that is why most of the projects will really use bounty as part of their advertising strategy as if they will success or not they have nothing to lose in bounty advertising.
Yeah it is true that bounty is not enough for a living. Depending on bounties alone can't give you the right amount of money for you to live in a certain time. Bounties can give you money but not on the time that you need it. Also, bounties takes time to finish which you need to wait and if you don't have alternative source of income, you won't have money on times you are still on bounties. So, we need altenative of source of income don't just depend on bounties alone.
I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.
I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
Beside holding bounty and airdrop, the developer team should conducted their own marketing by establishing many partnerships with many companies. With a partnership, investors will be more interested because the product can be used in real world
I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.
That's what I think, airdrops and bounties are not mainly used to promote the projects to attract investors, but rather it is more like a promotion to build a community that will improve the project itself by getting feedbacks and suggestions. I don't know how a great marketing starts up, but I also don't think that all project can afford to hire influetial people because they are expensive.
Every project has a marketing budget/tokens and out of that they use some for bounty campaigns. I agree that it can not be the only mode of promotion and if team relies only on it then bounty hunters will also get less value when they sell tokens on exchanges. so marketing should be implemented by various modes as you explained. also one more important nowdays is market makers and i noticed projects with huge hype got dumped without volume/marketmakers.
as per me even 100k usd worth tokens are good for bounty and if team get good exchanges/hype then this 100k will become 500k usd. win-win situation for all people involved in that project.
as per me even 100k usd worth tokens are good for bounty and if team get good exchanges/hype then this 100k will become 500k usd. win-win situation for all people involved in that project.
projects that only rely on bounty hunters are projects that are of less quality, and do not want to spend money to hire top influencers, the most important thing is how they can market their projects, and usually this will be successful depending on the amount of funds they spend , the greater the capital spent, the greater the success they will achieve.
because they don't have development funds. such projects are not very good to follow. I am more interested in projects that have worked together with exchanges when holding bounties. it is the best marketing method because exchanges already have a community that is ready to buy their products if the project is really good. 
projects that only rely on bounty hunters are projects that are of less quality, and do not want to spend money to hire top influencers, the most important thing is how they can market their projects, and usually this will be successful depending on the amount of funds they spend , the greater the capital spent, the greater the success they will achieve.
Bounties and airdrops now are not as effective as before. Perhaps because when it comes to such marketing strategies, they are done by almost each and every crypto project including scams. Nowadays, they really have to face the potential investors through road shows, seminars, talks, and the like. They really have to answer the questions in front of them.
I noticed that new projects do not want to invest in the promotion of their product
they even take out the token, on bad exchanges with a small number of users,
there the price falls and they are not taken for good exchanges
they even take out the token, on bad exchanges with a small number of users,
there the price falls and they are not taken for good exchanges
In order to maximize ones profit, a bounty hunter is required to endeavor to participate in other avenues for making profit in crypto which may include trading and investment. Bounty hunting can take as long as 6 months to receive thus when the bounty program is run for about 3 to 4 months and distribution takes about a month or two.
Sometimes i am tired to join bounty campain, I dont know why i just have a fail bounty in this year.
Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
well, before joining the bounty, it's a good idea to do in-depth research on a project. well, I also feel a lot of scam from the bounty that I support. however, I don't think that's a problem. many things I learned from that. if you really feel that a bounty is not enough, then you need to work, or build a business.Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
Bounty is never enough as it's not a job that could sustain our needs, just do it for fun, if you make some be happy but always long for something that will give you a fix income and that's your job or your business. I know a lot of people in our community which quit their job to do full time bounty, but now they are back looking since bounty is not as profitable as before.
If you decide to continue joining do it not to aimed big rewards but to help the project that you believe, focus with how the team could succeed because after that you'll also harvest the success for joining successful project.
Sometimes i am tired to join bounty campain, I dont know why i just have a fail bounty in this year.
Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
well, before joining the bounty, it's a good idea to do in-depth research on a project. well, I also feel a lot of scam from the bounty that I support. however, I don't think that's a problem. many things I learned from that. if you really feel that a bounty is not enough, then you need to work, or build a business.Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
Bounty is never enough as it's not a job that could sustain our needs, just do it for fun, if you make some be happy but always long for something that will give you a fix income and that's your job or your business. I know a lot of people in our community which quit their job to do full time bounty, but now they are back looking since bounty is not as profitable as before.
Sometimes i am tired to join bounty campain, I dont know why i just have a fail bounty in this year.
Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
Now Jule 2019 and i don't get income payment in bounty campain.
There is ao have a deley, not get paid and scam project.
I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.
I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
Holding bounty campaigns and other kind of marketing is very recommended to attract the investors.
I think IEO is one of the effective strategy to promote your project to many kind of users such investors, traders, holders, etc.
For example the Harmony project, they was running bounty and IEO, and their project have succeed to raised money.
Another point again is that, it is not good to depend on not just bounty, but cryptocurrency in general. I believe that those who based their livelihood on it alone will be able to say much about the challenges they face, because they will not be able to stick to whatever right decision that will be of help to them and that will maximize their profits. Having another stream(s) of income outside the crypto world, is of utmost importance.
The fact remain a good project doesnt need too much adverts. It always attract investors by itself with just little promotion. I will never write off Airdrop and Bounty Campaign as an effective promotional tools for ICO Project. I believe they also playing their roles. Bounty hunters conduct all sort of campaigns which i believe is highly effective . i.e Content , Youtube , Banners and Signature.. Somehow , those promotional techniques play their parts.
Not all gifts are successful, there are also broken gifts and even gifts that are not paid by the manager, but many follow gifts because they do not need to spend capital first but if they want to become investors or traders must spend capital first, even though it is more profitable than bounty but people will still survive with this gift
I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.
I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
I agree with your point of view, all of which are very reasonable. But it is only suitable for projects that have invested initially or are backed by big VCs, because as you say, hiring celebrities, participating in events is very expensive.I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.
With startups, they don't have enough money to do that, so bounty is still an effective way when they pay with their own money (tokens), and promoters will have money if the project mobilizes funds.
for bounty campaigns, it is indeed very difficult to publish a campaign because the audience that is obtained is already lacking and especially in social media because I see many who use fake audience accounts and I agree with marketing techniques through advertising providers because it seems that it is still effective
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