Bounty Campaigns now trial and error method - page 3.

Clement Kaliyar

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Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

This is not about scam projects. This is about the projects which fail to raise enough funds due to what so ever reasons. When bounty hunters work for weeks and at the last moment project announces that they can no longer run it due to insufficient funds raised, its nothing but a waste of time and energy for us.

The reason why these projects are targeting bounty workers is because they know that they can raise funds with giving empty promises and once they raise the money they could say anything even if they are legit projects.

Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

In my opinion, should project teams have enough fundings before they look for investors? What is called MVP is very important for the users to check for before investing.

If it is a legit project they will get the Angel funds required and then goes to the common investors and most of the time they do not need other funds if they get an Angel investor.

Mianae

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Activity: 798

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I think there should be some sort of remedy to hunters for their time spent on project promotion even if such project fails to raise anything during ICOs or IEOs. Or payment should be made in stable coins to escrow accounts to stop hunters from wasting their time promoting campaigns. Some projects raise funds yet don't pay hunters.

Byakuga

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Problem of new project team is they are treating projects like do or die matter, it's not a force to launch projects when you can't afford to list on better exchanges, the truth is the greatest enemy of new projects is exchanges

cutesgirl

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Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

Hi All,

This is not about scam projects. This is about the projects which fail to raise enough funds due to what so ever reasons. When bounty hunters work for weeks and at the last moment project announces that they can no longer run it due to insufficient funds raised, its nothing but a waste of time and energy for us.
In my opinion, should project teams have enough fundings before they look for investors? What is called MVP is very important for the users to check for before investing.
MVP will ensure that even if funds are not raised as expected, it can be delayed but not dead.
From your point of view, what other points are there which projects and investors both look for?

You not really take care with situation from ICO project and bounty campaign when failed raised hard cap target and never get soft cap for their selling and it usually happen for bounty campaign scam and payment will be failed bounty is stop, if you want looking for with worth bounty campaign maybe you have participated at third weeks when soft cap of ICO raised.

forexandcryptoauditor

copper member

Activity: 1190

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Quote from: iconoclast on January 14, 2020, 09:11:11 AM

Lately I have been doing Bounties on KuCoinPlay. They have the advantage of not only having an automated reporting system but also you know every Bounty you get you will be able to monetise since every coin they do is already trading on KuCoin Exchange. It is nice to know that your efforts will produce a reward.

Could you please give me more details about it? Your experience so far with the projects you worked on.
At last, nobody can predict the future of the project but even if it goes well at initial stages, we can be benefitted.

mobilestrike

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Activity: 907

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Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

Hi All,

This is not about scam projects. This is about the projects which fail to raise enough funds due to what so ever reasons. When bounty hunters work for weeks and at the last moment project announces that they can no longer run it due to insufficient funds raised, its nothing but a waste of time and energy for us.
In my opinion, should project teams have enough fundings before they look for investors? What is called MVP is very important for the users to check for before investing.
MVP will ensure that even if funds are not raised as expected, it can be delayed but not dead.
From your point of view, what other points are there which projects and investors both look for?

Along with your point of view it is also necessary that before joining the campaign we must see that if the project collected the softcap or not, if they have raised till softcap hen it means the project will continue and our time and energy will not be wasted and if they are not reached to their softcap then we have to demand in BTC or they have to escrow some funds in BTC till they reach to their softcap.

gweedo

legendary

Activity: 1498

Merit: 1000

There are many important things that investors look for in new projects, and certainly the most important ones are still MVP and the investment company. If the project had MVP before launching the ICO, it would be a great thing because this project is definitely good and not a scam. But to get the MVP before starting the ICO is very difficult, the project needs to be funded or have a separate operating budget in the past. And besides that bounty hunter should also accept the failure status of the project because this is an unexpected incident of theirs.

imutlinda

sr. member

Activity: 926

Merit: 256

sometimes it's hard to find good projects, doing research also sometimes not many can find projects that have good prospects, so in my opinion sometimes good projects also depend on trends too because developers will also think of trends to launch projects. so in my opinion the trend can also depend on the trend too.

magnum cyber

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Merit: 11

as we can see that the current market situation really doesn't support much about the altcoin market, especially with projects that use the ethereum erc20 platform that doesn't work well, many tokens are worthless, don't have exchanges and even products don't work with well. maybe another problem because investors are now starting to wane, are reluctant to invest in ico and prefer to wait until the market actually improves.

duuuuude

hero member

Activity: 938

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In any case the trial and error method continues because it is difficult for companies to make an accurate development forecast. In addition to lack of funds, there are many other factors that can slow down the process.

acdc

sr. member

Activity: 939

Merit: 256

No one can catch a project with enough money before attracting investors, every bounty hunter needs to make a judgment before deciding to participate in a program. Researching the development team, products, media sites will help hunters avoid bad projects.
Besides, if the project cannot attract investors in the beginning, they will fail whether they have MVP or not.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

This is how they work if their project is not success they will leave or if they actually made a project just to sell them and run those project are made only for scamming purposes. I can't find any good or trusted campaign nowadays unlike before that you can trust many ICO project because after the end of sales they are listed on some exchanges where you can sell the reward you earn during bounty campaign. Right now they are now rarely to find a good ICO project and if you join and promote them until the end of sales without receiving rewards you are just wasting your time promoting them.

Much better to look for a bounty campaign which is paying with major coins ETH,XRP, BTC or any top 10 coins on the market.

Ferris419

hero member

Activity: 1008

Merit: 501

That's why you have to do several bounties at the same time, because not every good project can raise enough funds. It's normal that if a project can't get the soft cap then there will be no payment for bounty hunters. Yes, you have a point that bounty hunters' hard work will go in vain, but think about the project owner's and team's members' situation. They are more hurt than any bounty hunters, right? So, I don't see any problem here.

Dart18

sr. member

Activity: 1400

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Lol.
The title was funny.

Trial and error. Seems to be like that. I avoided ICO nowadays. Before I was joining bounties and also getting hooked in telegram group talking about increase after the listing. But repeatedly in different ICOs all of them were dumped.
It somehow gets me mad but you cant do anything about it.
So I stopped.

[email protected]

full member

Activity: 1120

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Quote from: kodtycoon on January 14, 2020, 11:46:01 AM

still the most important thing is about funds, no matter they run a trial and error project, because when they have a lot of money or capital, the success of raising funds from investors is not their main focus because what they have to prioritize is to pay campaign participants for their work done

before they get funds from investors they have to make concepts and promotions that are serious. no investor will invest in the project by trial and error. the hard work of creating a platform must be done from the beginning, even in their platform planning process.

kodtycoon

legendary

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still the most important thing is about funds, no matter they run a trial and error project, because when they have a lot of money or capital, the success of raising funds from investors is not their main focus because what they have to prioritize is to pay campaign participants for their work done

Obito

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Activity: 1274

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That is the reason why they do need to run initially, to raise fund. They are seeking for fund to cover the project necessity and bring it to the next level they can do. Besides everybody has the capacity of covering necessary funds, and even if so they do have sufficient fund there is still no guarantee of success. Problems might occur from nowhere.

Landak

hero member

Activity: 1386

Merit: 503

even if the bounty get paid but the project fails, the token that you get will only become junk in your wallet.
and also, if the project already has start-up capital, let's say a reserve money when it fails to raise funds. then the project, I'm sure will not do a bounty campaign.
the project is getting worse if the reserve money is only to pay bounty participants while the project itself fails to collect money from IEO/ICO.
sometimes a successful project not necessarily bounty hunter will be paid, if paid sometimes the distribution will be delayed.

Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

From your point of view, what other points are there which projects and investors both look for?

the general point sought by the project is to get as much funding from the investors. for investors sought profit from bonuses/discounts during the sale period (IEO/ICO).

Meowth05

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Quote from: patz22 on January 14, 2020, 08:39:46 AM

There are a lot of indicators that we can look for a project to ensure the success of project, from team members, project itself, whitepaper, roadmap etc. but still we can only identify if the project will run or not until the end of sale even with a working project before raising funds is still not an assurance for success. So with the title of this thread, Bounty and ICO/IEO or whatever it is, it is still a trial and error.

Very well said. Even if we conduct some research on the project we are going to engage in it is still a gamble. We cannot fully tell if the project is capable to finish the crowd sale within the given time frame or they will able to reach their target cap. I've seen a lot of projects had a good start, have a good team, whitepaper and more but for some reason, some of them are still failed. Moreover, even if they successfully finish the next problem will be to enlist their token on exchanges which commonly takes a lot of time. Hence, I do believe that bounty campaigns are definitely a trial and error.

BitcoinHunt3r

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Quote from: forexandcryptoauditor on January 14, 2020, 08:36:48 AM

In my opinion, should project teams have enough fundings before they look for investors?

Yes, maybe with that they can attract investors so maybe that investors will see if the developer serious with their project, or at least have some efforts to their project not only focus on investor's money. And maybe developer's money can be backup if maybe something unexpected come.

Topic: Bounty Campaigns now trial and error method - page 3. (Read 845 times)