Some information to understand the purpose of bounty campaign.
Recently, one of the customers refused to run a bounty campaign. His adviser recommended refusing.
Very stupid. Since the bounty campaign creates a "movement of coins". Bounty members after end of bounty campaign receive rewards in tokens. After that, some of them sell these coins. Sold coins are bought by other people. Due to this, coins move from one wallet to another. The project "comes to life."
Any project is doomed to failure if all coins are stored in wallets and are not used. These are "dead" projects. They are of no interest to anyone and they do not get development.
No investor interested in the project and making a profit, will not immediately sell their coins. He is waiting, waiting for a good price for coins.
If all investors hold their coins, then how will the project "live"? That's right, bounty members help the project "come to life." Including, they "advertise" the project, tell their friends. And that's why more people know about the project, it creates a "chain reaction". People interested in the project are becoming more and more. The project creates its own audience, in a sense, "support."
The purpose of bounty campaign is not to bring as much investment as possible. (Certainly, it will attract investments in part).
Its purpose is described above. It also allows the project to become recognizable. Agree, who needs a project, if nobody knows about it.
P.S. I'm sorry for the project that refused bounty campaign. The project lost a very good instrument.
Teams are starting to realize that bounty campaigns are becoming worthless and spammy. Before, people would join bounties because they had an interest in that project. They would add valuable content on different means of social media and promote it to their friends. In the end, if the project is successful, they would reap the benefits because they possess the coins...they wanted to promote the coin out of their personal interests.
Fast Forward today.. many people from different parts of the world, make a living off bounties and thus, join bounties to make short term profits. They often have no idea what the project is about nor do they care. They are enrolled in 5-10 different bounties at the same time, ( that's about 100 different projects a year). Their facebook page is filled with ICO posts, which i doubt is getting any exposure to real people. Just think about, your friend is posting 10 ICO a day, everyday, would you even bother looking at it?
Also, they will do generic post across social media and BTT, with no real insight.
- God bless this project
- everyone should invest
- this one is going to the moon!
etc.
In addition, bounty hunters have no intentions of holding their coins because bounty hunting is their full/part time job and thus need the money. When they receive their tokens, the first thing they do is unload on exchanges, which destroys the price value. Some investors often avoid ICO's that have bounty campaigns because the value will be lower after the coin in released onto a exchange.
Spam does not promote a ICO, quality content does. Unfortunately, many of bounty hunters are spam
*** this is not the situation for all bounty hunter