Bounty- Waste of resources? - page 2.

examplens

legendary

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Quote from: Pffrt on May 20, 2020, 09:25:39 AM

I got your point that they are actually wasting nothing in reality but what's the benefit are they getting from facebook campaign? None, in my opinion it's no more than zero. None of the investors will come from facebook.
And do you think the golden year of bounty were able to attract investors from facebook? I still doubt that any start up project got a single investor from facebook bounty.

I don't know. I don't believe that anyone gets many investors from any social network through bounty hunters. Most of them are fake, or "like for like" and "follow for following". multi-accounts not to mention, there's no way it brings on investors.
All of these projects from "golden year" are dead now, and almost all doing only pump & dump. There are no real investors, jobbers only.

Pffrt

sr. member

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Quote from: examplens on May 19, 2020, 04:18:47 AM

You can't waste resources if these resources do not worth anything. Wasting of nothing is nothing. 99% of a new project with fundraising is a scam, or they are not good enough. promising worthless tokens is just a game with numbers, what projects are, so is the promotion.
many do not have start-up capital they move into everything with zero in their pocket, a good marketing manager costs and he will not work for free or for some virtual numbers. Then they doing campaign managed by yourself without any quality criteria.
A golden year for bounty like 2016/17, will not happen again.

I got your point that they are actually wasting nothing in reality but what's the benefit are they getting from facebook campaign? None, in my opinion it's no more than zero. None of the investors will come from facebook.
And do you think the golden year of bounty were able to attract investors from facebook? I still doubt that any start up project got a single investor from facebook bounty.

Ken_terrance

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Making Smart Money Work

There is no real way of knowing what a project team have in mind for their project or how serious they planned to be, this is why bounties are shady way of making money, nothing has assurance in this space

bgaf

sr. member

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Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

In my opinion it depends. A project that does not have sincerity and seriousness will definitely a waste of resources provides that they are just gonna do a campaign for the sake of attention. Many developers are risking on this vouched. They will launch a campaign on social media but the truth is they just using hunters so they will have a chance to scam many people. Legit one that conduct bounty will consider a good amount though not really big but as a hunter you can feel it if they have potential. Check our cartesi, their budget is low but the time of promotions of hunters will be worth it. So the money they allocate for this is not wasted cause it did help them reaching some crypto people that have interest on their platform.

rudin123

sr. member

Activity: 770

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Quote from: Ken_terrance on May 19, 2020, 09:12:16 AM

Many of the new projects that are trying to raise funds are now into deceiving people about how much they raised on exchanges, saying they sold out here and there but after bounty ends they vanished, the best bounties we can join are those that are listed on top exchanges or the project's from trusted bounty managers, just my own thoughts

trusted managers have also not been able to provide good projects, because there are several projects managed by trusted managers but still fail to raise funds, some even delay payment for bounties.

Ken_terrance

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Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

Many of the new projects that are trying to raise funds are now into deceiving people about how much they raised on exchanges, saying they sold out here and there but after bounty ends they vanished, the best bounties we can join are those that are listed on top exchanges or the project's from trusted bounty managers, just my own thoughts

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

You can't waste resources if these resources do not worth anything. Wasting of nothing is nothing. 99% of a new project with fundraising is a scam, or they are not good enough. promising worthless tokens is just a game with numbers, what projects are, so is the promotion.
many do not have start-up capital they move into everything with zero in their pocket, a good marketing manager costs and he will not work for free or for some virtual numbers. Then they doing campaign managed by yourself without any quality criteria.
A golden year for bounty like 2016/17, will not happen again.

AthenaBanana

copper member

Activity: 392

Merit: 1

For my experience in bounties, some campaign activities (social media)make a good impact on introducing a project. In this line of business (making ICO) you need o to be loud so that investors will see you that you are active, overall in my opinion bounties is one of the great foundations of a project.

Pffrt

sr. member

Activity: 1372

Merit: 322

You guys got me wrong or you presented your thoughts in different way. I'm talking about the reality of social media bounty and hoq much benefit does they bring? In my opinion, it's zero. I didn't discredit signature campaign totally, it has influence because it's a crypto forum.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign.

IPOs get funded anyway. ICOs are not like any equity share. So fundraising can happen just for the sake of being a scam that is not a regulated security. You have to be careful where you invest in. That "successful" is a vague term here because back when Ethereum was first launched ICOs became its use case.

Quote

I have no data about bounty though, but it seems almost all the bounties are just waste of resources.

If you dont have the date, you should not make blind accusations based on assumptions.

Quote

Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think?

Wrong. It is the opposite, take a look into the discussion of this thread -Signature campaigns and some discussion about seo

You can get an insight into thow signature campaigns have shaped the marketing of many crypto-based businesses mainly the gambling sector and mixer sector. One can provide a service and market it in this manner because a lot of crypto users are using this forum.

On the other hand, bounty is a good way to promote your ICO ("scam") and allow more fools to invest in to so the team owner ("scammer") get paid more. Wink

batang_bitcoin

hero member

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Quote from: Pffrt on May 17, 2020, 08:52:26 AM

Projects spending tokens/coins on bounty are just waste of their resources?

They are not wasted on the part of the project managers or owners. What are those tokens to them? they were made out of nothing so basically, they are funding the marketing out of nothing. That's how they see those marketing strategies that they do and so, if it's a success for them then it's really what they want to happen. But, if there's no success found, that's expected also on their end. That's also a gamble to them but basically without any huge financial capital but effort and time.

carlfebz2

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Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

It depends on the legitimacy of the project!

You can eventually spot it out if they do spend up some money on creating some stuff from website development to marketing.
Also, its not really that wasting resources since they do just create token in thin air and if they do give out or launch bounty they
are still giving out worthless tokens as long it isnt listed on the market yet.

What concerns here is that the people who had invested on buying those worthless tokens, even majority of them do fail on reaching
soft cap but there are few numbers who thrown up some money which is totally a disaster yet they wont really able to take it back
one the project do fail.

mersal

member

Activity: 1204

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Quote from: Pffrt on May 17, 2020, 08:52:26 AM

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

Token itself a waste crabby product that is why team is not worried about spending them for useless thing, they feel that there is a small chace to make profits from selling those useless things so they are trying their best to sell the worthless tokens.

Only newbies are interested in promoting such products.

Pffrt

sr. member

Activity: 1372

Merit: 322

These days, most of the projects don't get successful fund raising campaign. I have no data about bounty though, but it seems almost all the bounties are just waste of resources. Social media bounty brings no benefit to the project in my opinion, while signature campaign do a little. What do you think? Projects spending tokens/coins on bounty are just waste of their resources?

Topic: Bounty- Waste of resources? - page 2. (Read 538 times)