Bounty alone is not enough - page 2.

Nellayar

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Roobet supporter and player!

Quote from: odukoyaewatomi27 on March 25, 2020, 03:40:57 PM

Bounty campaign is a good way for projects to spread the word and gain publicity in the cryptocurrency market. But it is not the best way to gain investors. Good projects don't depend on bounties alone to promote their token sale.
And this is because when bounty hunters post about a project, majority of these posts is only seen by other bounty hunters and not to the real investors. And these posts are just basic and can not convince good investors to invest.
Bringing in the investors and funds depends on the team's marketing ability and their ability to close deals. This is why good projects attend a lot of crypto events and network with people.
Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.

Are you saying that bounty is not worthy?

For your information, many projects during the year 2017 had bounty campaigns in this forum. They are all hyped because of bounty hunters who are spreading the projects throughout the world. Bounty campaigns are helpful for the projects. That is why you should not underestimate the power of bounty marketing. We can say that the bounty becomes useless when the project itself is trying to scam the people. Either tha bounty hunters, managers, or investors.

Lordhermes

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Quote from: pakhitheboss on March 26, 2020, 01:07:16 AM

Actually I think bounties now days are a waste for both hunters and startup. Social media bounties do not add any value to the project. Content bounty are enough to create hype and buzz. Signature bounties are the best way to market your projects as most investors are present on BTT.
Hunters on the other hand are not getting paid well and sometimes not getting paid at all.

Op is saying a deeply truth because most of the promotion done on social media are only seen by the other or fellow hunters and not getting to real investors, I have also thought about that for a very long time and so projects failed for lack of good promotions.
One major factor considering absolutely promotions is funds available to help conduct signature campaigns as this is the fastest growing techniques ever, and at some point, hunters aren't getting paid at all or paid in a penny amount.

The cure

jr. member

Activity: 448

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Maybe your point is right. But don't turn down bounty hunters, we plays a big role in promoting the project and helps to attract investors, and sometimes bounty hunters themselves are also becoming investors in the projects he joined.

Akoldi_ibk

jr. member

Activity: 1050

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Quote from: odukoyaewatomi27 on March 25, 2020, 03:40:57 PM

Bounty campaign is a good way for projects to spread the word and gain publicity in the cryptocurrency market. But it is not the best way to gain investors. Good projects don't depend on bounties alone to promote their token sale.
And this is because when bounty hunters post about a project, majority of these posts is only seen by other bounty hunters and not to the real investors. And these posts are just basic and can not convince good investors to invest.
Bringing in the investors and funds depends on the team's marketing ability and their ability to close deals. This is why good projects attend a lot of crypto events and network with people.
Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.

I agree with the points you raised. Project team should not rely on a single strategy, but must harness every marketing strategy; combine multiple marketing strategies from all sides. It is very important not to leave any stone unturned.
I don't have statistics to back this up, but from the bounty campaign, we do have hunters that invest heavily in the project they're working for. It is an addition from this group.

Saisher

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Quote from: odukoyaewatomi27 on March 25, 2020, 03:40:57 PM

Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.

That's true the development team should see to it that they have a product worth supporting, not just a pump and dump project with no real usage in the community, projects come and go now, investors now want a project that will evolve like Tron Binance and Eos among others, easy for this kind of project to get funded and supported if they see a project that will evolve for a long time.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: ?? on ??

Good projects always get succeeded they just need the promotion and each and every kind of promotion will help the project to reach the goal. Bounty campaign plays a vital role to make project popular amongst the investors and users. In some cases, bounty hunters who have this kind sense where they can see as well as analyze the project in future and that's what makes us feel special if the project is based on the great idea or it has potential in its growth. The moment when we doing a bounty campaign for the worthy project at that time we feel so much better.

Indeed, our role here is very important as a promotion needed for projects that want to achieve their goals and I believe the promotion of hunters will improve the quality of their projects and are increasingly known among investors.

NS-Soul

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arcs-chain.com

Quote from: odukoyaewatomi27 on March 25, 2020, 03:40:57 PM

Bounty campaign is a good way for projects to spread the word and gain publicity in the cryptocurrency market. But it is not the best way to gain investors. Good projects don't depend on bounties alone to promote their token sale.
And this is because when bounty hunters post about a project, majority of these posts is only seen by other bounty hunters and not to the real investors. And these posts are just basic and can not convince good investors to invest.
Bringing in the investors and funds depends on the team's marketing ability and their ability to close deals. This is why good projects attend a lot of crypto events and network with people.
Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.

Probably your statement was true but each team was they have on role to do the job well done they have their marketer to get more investors or possible partnership to increase the popularity of the project, and also the bounty hunter and airdropper are spreading awareness of the project they have big contribution into marketing.

memed97

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Quote from: kaseygriffin on July 28, 2020, 04:10:13 AM

They need many different strategies to attract large investors in this market, Bounty and airdrop only help their community grow bigger and get more attention from people.

Yes, obviously a different strategy must always be carried out by the project team so that they can make the project successful on time, the only problem now is that it is very difficult to find investors who really want to stay on the project.

Iyeman

sr. member

Activity: 1183

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Quote from: restuibu on July 28, 2020, 03:41:04 AM

I know that all projects don't only do promotions on telegrams or bounties, they also hold AMAs and attend several events on the blockchain to attract investors

This topic has already discussed about the bounty hunters must do another thing to get the profit and the hunters can't even rely on the bounty as the way to earn from the crypto market. The hunters must be more creative to try to invest or trade in the market too.

B.wealth

jr. member

Activity: 78

Merit: 1

Bounty hunters help projects in all aspect, both gaining popularity and investors, though sometimes the team also has alot to do in securing investors trust, but still bounty hunters also has their role to play.

mt55

sr. member

Activity: 490

Merit: 250

True. The project can not completely depend on the bounty campaign even though it is really effective. With social media platforms like Twitter, Facebook and Instagram they can run good promotion with more details on what their project is all about and even add videos that summarizes everything.

Genemind

sr. member

Activity: 1596

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That is correct, having a bounty campaign only exposes projects to other forum members. Attending conferences and being active in social media platforms are also needed. The marketing team plays a huge role in the success of the project during the early phase. Everything will fall into pieces once they have gathered enough supporters because the community will help expose the project if it shows a huge potential.

ufaiz50

hero member

Activity: 1666

Merit: 502

I agree that bounty is not enough to do marketing optimally. In optimizing marketing management, developers must make more funds for it because marketing has expensive costs. In this case bounty is a marketing method that has financial advantages because they are paid using a token allocation and this is the reason the developer uses bounty marketing but the effect is not so much to reach investors.

Vishnu.Reang

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Activity: 1988

Merit: 453

Quote from: 103deltafox on July 28, 2020, 04:12:36 AM

As effective as bounty promotion is good,because I know bounty promotion still cuts across a large area and bring in come investors,the team should also have other means of marketing and also holding AMAs,,also partnership also boost a project and advertises it on it own,so like OP said other form of advertisement should be added to bounty promotion.

Bounty campaign remains one of the most affordable methods for the project team to attract investment. They can make the payment using tokens, and if the project fails, then they don't need to pay anything. Advertising using third party services such as Google Adsense requires sizable initial capital and this amount won't be reimbursed if the project fails.

103deltafox

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As effective as bounty promotion is good,because I know bounty promotion still cuts across a large area and bring in come investors,the team should also have other means of marketing and also holding AMAs,,also partnership also boost a project and advertises it on it own,so like OP said other form of advertisement should be added to bounty promotion.

kaseygriffin

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Quote from: restuibu on July 28, 2020, 03:41:04 AM

I know that all projects don't only do promotions on telegrams or bounties, they also hold AMAs and attend several events on the blockchain to attract investors

They need many different strategies to attract large investors in this market, Bounty and airdrop only help their community grow bigger and get more attention from people.

restuibu

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Activity: 994

Merit: 100

I know that all projects don't only do promotions on telegrams or bounties, they also hold AMAs and attend several events on the blockchain to attract investors

nutriagrigia

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Oikos.cash | Decentralized Finance on Tron

Quote from: suryana on July 28, 2020, 12:33:23 AM

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.

bounty is really the best way to tell people who are already in the cryptocurrency world about a new project. to attract investors who have not invested in cryptocurrency yet teams are using other marketing tools

Wingsbtc

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Bounty hunters won't help team to implement better feature, bounty hunters won't help a project get listed on better exchanges, these isn't the work of bounty hunters, it's something that the team must do

Taufik blackspade team

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Quote from: lienfaye on July 28, 2020, 01:50:13 AM

Quote from: suryana on July 28, 2020, 12:33:23 AM

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.

If the team can do much more aside from bounty campaign then that would be beneficial to their project. Having wide coverage to spread their project means more people can see it and the chance to gain potential investors. But this forum alone is already an effective way to advertise the project due to the large number of members.

but sometimes the campaigns that are made are not well-targeted. some projects have targeted their project expansion but only a greedy person joins multiple accounts to get a large reward. bounty campaigns actually can't be so optimal for sales made.

Topic: Bounty alone is not enough - page 2. (Read 2288 times)