Bounty alone is not enough - page 3.

TobiasVR

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Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

even though bounty is not enough, but the existence of gifts is very important and may be used as a good promotion. there may be many more effective ways such as directly cooperating with large exchanges that are one of the most effective ways of bounty

onrise

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Quote from: miklesm on July 06, 2019, 05:10:15 AM

Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

Bounty should be extra than what you do because it is not worth it and only a handful of projects form those 1000's in a year will work and give you money and rest will be totally worthless. So better to keep it aside and work on something new.

Ureung jameun

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Trident Protocol | Simple «buy-hold-earn» system!

Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

in my opinion if a project only relies on bounty and airdrop can still be successful. and there have been many projects that rely on bounty and airdrop as a marketing method that is carried out by a project ... because the influence of social media is very large in this technological age ... everyone can believe something just because they know through social media ... but to perfect a project then there must be other methods to attract investors' attention and trust ..

PuertoLibre

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As a free marketing it is debatable of the most of the projects to have a bounty campaign and I prefer to participate in the bounty project than missing it. Bounty hunting is the worst activity if there is no real development by the bounty manager and team.

glennmatthew

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Quote from: barabarian1 on July 07, 2019, 12:17:18 PM

actually, bounty and all task is for us as crypto player. and the most member in crypto is in this site. they can make bounty in real life, but will they believe if they are not crypto player? and im sure if it can be happen in real life, it will be more effective and many people will interest on their project

I completely agree. I even think that bounty campaigns are not even that great at getting to investors. The audience that is attraccted by bounty posts and signatures, is basically more bounty hunters

It helps a little bit, but there should be more being done by the teams that want to be successful. Hype doesn't just happen out of no where...

barabarian1

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actually, bounty and all task is for us as crypto player. and the most member in crypto is in this site. they can make bounty in real life, but will they believe if they are not crypto player? and im sure if it can be happen in real life, it will be more effective and many people will interest on their project

bolshojkush

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Binance #Smart World Global Token

Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

That is, you want to bury the whole meaning of bounty campaigns, when an ordinary person can participate in advertising and make money on it? In the case of hiring influential people and ordering advertising, bounty will lose all meaning. Advertising is not always effective and is very expensive. Therefore, many campaigns do not abandon the bounty and do the right thing.

iMark

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Quote from: miklesm on July 06, 2019, 05:10:15 AM

Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

Of course, investors won't be interested just because someone put an ICO ads in someone's signature. they are interested because of the innovations they bring, bounties will not be enough to attract and make people interested, the actual function of the bounty is so that people know about the existence of that project, for interest depending on what the project brings

chocopapaya

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This topic really shows the paradox with ICOs and marketing.
In stocks, when a company decides to go public and offer shares of their company, they do an Initial Public Offering (IPO).
Typically, a company won't go public until they are established so when they do their IPO, they already have some kind of presence and marketing budget.

So with ICOs, there is basically none of that.
99% of new crypto companies are brand new startups.
They don't have an operating budget and presence, that's why they are raising funds.
So a lot of times, they have to resort to airdrops and bounties because all they have to do is give their token away.
In the real world of business, over 90% of startups fail, crypto is the same.

ashmodeus

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Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

basically bounty like a free employee
i mean , the team will paying bounty hunter after the token sale ended, or not pay anything if they didn't get sale target.
and actually its not too effective,as far i see.
but how to make it worth ?
because most of project also have low budget for real promotional to major magazine like coindesk.

adekogbe

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Bounty alone is definitely not enough as promotion strategy for new cryptocurrency projects and things because a lot of these bounty campaigns fail to reach the kind of audience who would have been open to investing in such a project.
Now crypto projects have to revisit their strategy as regards how to penetrate consumer markets.

Ken_terrance

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Making Smart Money Work

Bounty rewards are only paid if the project target was met ,which is why I won't advice anyone to depend on bounties but if you are someone who is always free 24/7 then you are capable of joining multiple bounties so if no payment received from one you will get from other

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

They can do all these things that you've recommended if they have their own funds but unfortunately, this ICO's rely on IOU or I owed you token and bounty hunters are very much willing to accept those IOU token, you cannot do that to influencers or coinmarketcap.

jyotianand01

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Activity: 980

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Quote from: pelumi20 on July 04, 2019, 11:04:17 AM

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.

If a new project do all these things then they have to make a huge investment out of their pocket before collecting any funds but through bounties, they get a very cheap advertisement and they have to pay them only if they achieve their targets.

reynald70

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Quote from: miklesm on July 06, 2019, 05:10:15 AM

Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

Yes, that's right, to find new investors requires expensive action, for example the CEO of a project must be able to embrace a good partnership, so that investors will create trust to participate in the project, because relying on Bounty campaigns is not enough.

miklesm

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Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

FeelTheBeat

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You remember a project like PinkTaxi? The one that John McAfee advertised. So what? In the end, the project failed and John McAfee expelled from America) This proves that if the project does not have good funding, it is doomed.

Jaggi90

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Bounty campaigns are done for advertising purpose only , so you think that you will get a Bitcoin in return. Bounties are just giving you reward for your work and if you want to earn a lot of money , then you should go for trading.

qomariah95

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Quote from: AlaEhBTC on July 06, 2019, 03:17:25 AM

Bounty is not enough that is why they need to attend to different meet ups and conventions to promote their project and tell the world about it to make it more successful.

That must be done for every new crypto project. not only promotions through bounties or other media. Because attending other crypto events will give promotions to everyone at the event so that large investors also see their projects.

1BTC EQUALS 1CAR

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It is still significant because most of the people that talk about crypto are mostly in this forum, twitter, telegram and etc. But it's only for small companies that don't have enough money to launch in IEOs that asks for hefty amount of money plus another amount of their coins. Small projects will have no choice but to depend on bounty but again, it's the project that is very important to showcase at the end and not the marketing.

Topic: Bounty alone is not enough - page 3. (Read 10879 times)