Topic: Bounty alone is not enough - page 8. (Read 10940 times)
OP says is make sense besides bounty the devs should more active to promote their projects not only from it but to makes ads outside forum the cost will be so expensive and i don't think they will considering this as good way to get potential investors because there is no guarantee if they do that then their projects will be successfully especially crypto projects such as ICO not too popular anymore
Bounties are always good to spread the world about project and airdrop make bigger community, i agree bounty alone is not enough, increasing collaboration with influencers and expanding events in various cities will increasingly convince investors that the team is real like the blockchain summit, conference and so on.
One of the good thing to do is to have more influencer and businesses summits to attract more potential investors, if the business industry gt their interest with the project the progress will be more possible and the growth of interest will be lifted, projects needs to have big back up supports and it can't be done by bounty alone, developers needs to do their job by continuing to find venues to attract more investors to get in and ride with the project.
the success of the project is closely related to the bounty campaign that was carried out. many successful ICO projects have carried out with the bounty hunters help, if the ICO fail cant blame the marketing strategy work but the project itself does not attract investors. without the bounty hunter help can ICO able to pay for promotions in various media.
rather, they are greatly benefited because in generally bounty campaigns alocation no more than 15% from their fund raising.
rather, they are greatly benefited because in generally bounty campaigns alocation no more than 15% from their fund raising.
The suggestion are good but the developer project need more money to choose some expert or someone who has popularity to promote their project. And also promotion just only a tool and cannot be used as a main purpose/way to attract many investors. I guess the project which is less desirable by some investor it is just because the project itself. I think the good project doesn't need promotion when they intend to present their project. The developer's project has important thing also to attract investor, don't be imagine the current investor just look on how the way the project held a promotion.
Let's analyse bounty campaign:
Bounty hunters have friends who are bounty hunters not investors so its unproductive using it as a means of marketing.
Bitcointalk is housing bounty hunters the cycle keeps going. Projects need to put in more efforts in marketing to raise funds.
Bounty hunters have friends who are bounty hunters not investors so its unproductive using it as a means of marketing.
Bitcointalk is housing bounty hunters the cycle keeps going. Projects need to put in more efforts in marketing to raise funds.
Bounties are always good to spread the world about project and airdrop make bigger community, i agree bounty alone is not enough, increasing collaboration with influencers and expanding events in various cities will increasingly convince investors that the team is real like the blockchain summit, conference and so on.
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.
A management ads is not easy, bounties are paid for by allocating their tokens and that is the benefit of marketing because developers don't have to pay with other money. what you say is true, where developers have to use other places for marketing to make it easier to reach investors, especially if some well-known figures participate in the project, but again how much benefits will be gained from it. 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 guess a lot of crypto projects nowadays have realized this already. We have seen a lot of successful ICOs that did not even conduct bounty promotions. On the other hand, we have also seen a whole lot of bounty-promoted, or airdrop-promoted, projects through a lot of social media and even here on this forum that did not even reach soft cap. In other words, there must be something more than just bounty promotion that determines the success of a project.
Of course, bounty alone cannot be enough to earn much profit in crypto unless a bounty hunter must be ready to work tirelessly on extremely numerous projects because the percentage allocation for bounty programs at large is always small normally ranging 1% to 5% of the entire token supply. Other options to consider include crypto investment and trading.
You're right, nowadays bounty campaign and airdop are not enough to spread awareness to the community and gain investors (though it has an impact too).
Many projects failed to reach their softcap even how promising their project is. Having a top influencer or reputable site to help them to promote is great but I think the problem of most of them are lacking in budget to sustain the fees.
If they want to succeed they have to think in advance and not just be contented of what they used to.
Many projects failed to reach their softcap even how promising their project is. Having a top influencer or reputable site to help them to promote is great but I think the problem of most of them are lacking in budget to sustain the fees.
If they want to succeed they have to think in advance and not just be contented of what they used to.
Very well said, i also think that bounties and airdrop campaigns are actually lack to promote a good project. Project should have more influences to promote their project as well as to get investors trust in their project.
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project cant really rely only in bounty and airdrop to become successful and having top notch marketing program will not also make it succeedin my opinion for the project to become successful it must have a good purpose for people to become interested in investing in the project
I agree with you, community members are an important part of being able to give ideas and suggestions, I prefer projects that do Airdrop to get a lot of community members, projects that have a good team of developers will always have discussions in telegram groups according to products and maps the way they have on whitepaper.
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.
project cant really rely only in bounty and airdrop to become successful and having top notch marketing program will not also make it succeedI 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 for the project to become successful it must have a good purpose for people to become interested in investing in the project
I agree with you that bounty is not enough to bring the real investors. A lot of investors don't know about the bounties, many know as a spamming campaign! To be successful in crowdsale, a project must have a good media conference, attending on big events really help a lot, therefore big platform like CCN, Cointelegraphn, Nasdaq, Forbes really help a project to get success! Though Bounty also does better sometimes to bring investors on the board. I asked a project admin about it, he said at least 500 investors came to our project through the bounty campaign, we are grateful to them!
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.
You are very right, bounties and airdrop are very useful in their own way despite the fact that even the team do not do well with their agreement when it comes to bounty, however as you rightly said these are not enough, the team should always come out with sellable ideas and not abstract things that are not achievable. Great and real ideas, competent team and promotions will help to achieve the desired goals.
I agree with you. Bounty Campaigns are just medium of information from the community to the investors. It is still the investors who will decide whether it is a good project or not. I am not saying that Bounty is useless but it is definitely a great help in spreading the good project to all. When an investor is interested about a certain project, it is easier for him to trace what existing projects to be invested in. That is what marketing is all about. It is more on awareness.
Very well said. Bounty campaigns is also a great way of bringing awareness to all investors and even non-investors to guide them which project will likely to be sucessful and which are not. You're right when you say the decision relies on the investors alone but having bounty campaigns will really make them more guided and will be easy for them to decide. 
I agree with you. Bounty Campaigns are just medium of information from the community to the investors. It is still the investors who will decide whether it is a good project or not. I am not saying that Bounty is useless but it is definitely a great help in spreading the good project to all. When an investor is interested about a certain project, it is easier for him to trace what existing projects to be invested in. That is what marketing is all about. It is more on awareness.
They need to carefully prepare for this, do everything at the right time, depending on the stage of the project, so as not to lose all the money, few people succeed.
Yea bounty isn't enough as things ain't as it use to be as hunters isn't getting paid as they are supposed so I will survive trading and mining to incorporate bounty and widen your expectation
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.
in my opinion what you say is not in accordance with what I think ... because in my opinion all projects do not rely on bounty and airdrop to carry out promotions as a form of marketing ... because we can pay attention to the allocation of funds to campaign bounties and airdrops only 1-5 % ... means that only a small portion is given to bounty and airdrop participants ... then please re-learn which is the cause of a project failure ...
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