Bounty- Waste of resources? | Bitcointalksearch.org

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: TheUltraElite on June 15, 2020, 05:33:15 AM

Quote from: shinratensei_ on June 05, 2020, 10:21:11 PM

It looks like so many people just try to blame the hunters based on the bad projects that have already gone but they never try to count how many successful projects that have already become a very big community.

Most investors who entered this sector did not even know that there were something called bounty hunters and people who took part in them got rewarded by the project owners for their efforts in promoting the project. You dont see it much for an IPO do you? Now the thing is that there is a difference between an equitysale and a tokensale. The latter is not recognized to be a legal security so the hunters are at risk of wasting their time for a shitcoin.

But not only the hunters are to blame, they are like a byproduct of the shitshow that these projects have done to the name of bitcoin.

Investors arent really aware that these marketers do exist yet their primary target or motive is to make money or profit but come to think that
a project wont really succeed if these people doesnt exist nor help out to give exposure on such sale or project itself.Its on different sector
but they are part of of it.

The thing here is that most projects now turns out to be garbage on where these marketers doesnt even get on what they have worked for.
Its total a waste of resources and your time.

This shitshow will surely continue as long these projects do keep on popping out.

Leo

member

Activity: 620

Merit: 10

Trident Protocol | Simple «buy-hold-earn» system!

It all depends on the bounty you are doing, it's not a must to participate in every bounty that has been posted in the forum, not all bounties are worth doing, do a thorough research on the type of bounty you want to and you will realize that it ain't waste of resources

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: shinratensei_ on June 05, 2020, 10:21:11 PM

It looks like so many people just try to blame the hunters based on the bad projects that have already gone but they never try to count how many successful projects that have already become a very big community.

Most investors who entered this sector did not even know that there were something called bounty hunters and people who took part in them got rewarded by the project owners for their efforts in promoting the project. You dont see it much for an IPO do you? Now the thing is that there is a difference between an equitysale and a tokensale. The latter is not recognized to be a legal security so the hunters are at risk of wasting their time for a shitcoin.

But not only the hunters are to blame, they are like a byproduct of the shitshow that these projects have done to the name of bitcoin.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Festac on June 04, 2020, 07:23:23 AM

I accept the fact that many bounty projects are just waste of time, what makes it more complicated is the team, we can never understand what plan they actually have for a particular project, but really some bounty project came out and do something interesting, proving many wrong, this is why I don't underestimate any new project

It looks like so many people just try to blame the hunters based on the bad projects that have already gone but they never try to count how many successful projects that have already become a very big community.

Mondinic

full member

Activity: 434

Merit: 102

maybe not everything you say is true because as far as I know most projects need to innovate in how to attract good followers and also be able to support a project, but for ourselves we must be more thorough first to support a project will a project that it is supported that there is reciprocity for oneself or other followers of that before participating in the project, it is good to first find out information about it.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Festac on June 04, 2020, 07:23:23 AM

what makes it more complicated is the team, we can never understand what plan they actually have for a particular project,

Team has to develop the project and bring it out to be used. Of course these projects have failed successively because never had any proper project to go after in the first place. But people did not understand that. More so the developers of the teams have often been forced to work, not sure if they have revolted any time too but I have seen many projects fire their devs and hire new devs.

Quote

but really some bounty project came out and do something interesting, proving many wrong, this is why I don't underestimate any new project

That hope you have is going to be bad. If you want to make profit from this market you have to be emotionless. You have to stop investing in shitcoin projects because they are not legal securities and focus on bitcoin only. Bounties are a way of taking part in the project but 100% of them are failures so whats the point on waiting on it that one fine day you will find a huge value bounty?

Festac

member

Activity: 210

Merit: 10

I accept the fact that many bounty projects are just waste of time, what makes it more complicated is the team, we can never understand what plan they actually have for a particular project, but really some bounty project came out and do something interesting, proving many wrong, this is why I don't underestimate any new project

numpadxx5

full member

Activity: 431

Merit: 108

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?

Bounty campaign is not a waste of resources,ICO wouldn't waste there coins if there would no benefit on it, social media campaign is one of best marketing strategy. Being followed and like by thousand of people would improved the perspective of investor about the project.

naureen978

jr. member

Activity: 490

Merit: 1

I love to trade crypto & hold it for future profit

In my view, all bounties are not useless but most of them are worth it. Just when we concern with any project which is new in the market then we should research on it before join. In this way we can easy save our time as well as our energy.

In all kind of bounties they give us some social media task and those are easy to do and with this action everyone have chance to earn some tokens/coins which can be give us some handsome money.

It's good for newbies or who want to earn free tokens/coins in their wallet to promoting bounty projects.

julerz12

legendary

Activity: 2492

Merit: 1164

Telegram: @julerz12

Not quite. Bounty campaigns are a cheap way to generate awareness for any project if managed properly.
Factors that can affect if it is worth it to run a bounty campaign or not are the type of manager for the bounty campaign, who's in the bounty campaign, and the project itself.

If the project has no other means to market their project but only through bounty campaigns, then, by all means, it's not a waste of resources. After all, most bounty campaign nowadays has a reward pool consists of their own native tokens that basically has no value at the early stages of the project.
Having the slightest means of generating more awareness would be beneficial for those types of projects.

It also depends on who manages the campaign and who's in it (the type of bounty hunters).
If it is managed by a lazy bum who doesn't care about the project or the outcome of the bounty campaign; that right there is a lost cause.
You can't expect anything good coming out of that especially when the type of bounty hunters that are in that campaign are just fake accounts/bots/farmers/cheaters. Those types of bounty hunters coupled with a lazy manager will surely result in wasted time, effort, and resources to project owners and everyone else involved in that bounty campaign.

KaratX

member

Activity: 252

Merit: 29

Sovryn - Brings DeFi to Bitcoin

And nowadays bounty hunters are very satisfied with whatever they are making from bounties, it seems they've finally get over the huge decrease in bounty rewards compare to 2017, since few bounties are still paying people are ready to still give a chance

KaratX

member

Activity: 252

Merit: 29

Sovryn - Brings DeFi to Bitcoin

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?

Saying social media bounty brings no benefits is not true, do you know how many people that got into a project through Twitter and Facebook? I'm telling you now that social media campaigns works better than even signature campaign in terms of building awareness for a project

homhay

member

Activity: 350

Merit: 11

big or small the gift of social media is certainly very influential because they target new investors to invest in their projects, we never know the results they get from the gift of social media because we don't have data on their transactions,
and for coins to be distributed it is only the initial benchmark before launching coins in the crypto market.

chmod755

legendary

Activity: 1554

Merit: 1021

Not like that the bounties s a way to do marketing without spending so much most of the times because you will have thousands of people spreading the word about a project or something which is really better than traditional marketing like only one website.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Kotone on May 24, 2020, 01:00:45 AM

Quote from: mersal on May 23, 2020, 11:13:34 AM

Social media campaigns get the attention of people who don't have much knowledge about cryptos which is actually the intention of the crabby projects because people with experience may skip their projects so they target random people with their offers and make money with their shitcoins.

Thats not new. Not shocking that there are still plenty of investors that are fall for these new projects. Maybe more investors are not familiar with this forum and they dont know if they are dealing already with scam one. We cant blame them as their concern mainly is to have profits. Social media is really powerful, if you would see there are more users that prefer social campaigns than signature cause they know how stricy this forum for scam one thats why they dont include a signature cause many here are concern to inform most people if they found a scam project.

You actually had the point because if they do focus out on social media then they can somewhat avoid on being bust on earlier phase
and would completely stop their scamming intentions since from the start yet if they do try to put up exposure on this forum then
people can easily detect which one is fraud or obviously just trying to scam.Shady projects do still continue to exist because theyve
been continually being feed up by those people who dont make any up search towards the project and still invest just for the hope
of quick bucks or profits until they do realize that they had been scammed already.

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: mersal on May 23, 2020, 11:13:34 AM

Social media campaigns get the attention of people who don't have much knowledge about cryptos which is actually the intention of the crabby projects because people with experience may skip their projects so they target random people with their offers and make money with their shitcoins.

Thats not new. Not shocking that there are still plenty of investors that are fall for these new projects. Maybe more investors are not familiar with this forum and they dont know if they are dealing already with scam one. We cant blame them as their concern mainly is to have profits. Social media is really powerful, if you would see there are more users that prefer social campaigns than signature cause they know how stricy this forum for scam one thats why they dont include a signature cause many here are concern to inform most people if they found a scam project.

Jateng

full member

Activity: 1339

Merit: 157

The new projects have really a hard time right now. They tried so hard to accomplish their token offering but it seems that no investors really appreciate it. We needed to understand that a lot of projects right now have low content and completely non-sense. I don't think its a waste of resources, social media and bitcointalk campaign really boost the confident of the investors. Its always the part of their marketing strategy. In fact, some of scam projects cost only a few money to run it.

mersal

member

Activity: 1204

Merit: 38

Quote from: shoreno on May 23, 2020, 01:30:06 AM

its not your money anyways but its theirs , so why worry too much ? bounty isnt a waste of resources if it still help a bit . you can only call it a waste once it is not beneficial on your project . social media campaigns are really the ones that help the most because many people of all kinds , on all parts of the world are using it .

while sig campaign helps too because most users here are crypto related but what about people that those who arent involved on crypto. how can they see your content on here

Social media campaigns get the attention of people who don't have much knowledge about cryptos which is actually the intention of the crabby projects because people with experience may skip their projects so they target random people with their offers and make money with their shitcoins.

shoreno

full member

Activity: 1750

Merit: 118

its not your money anyways but its theirs , so why worry too much ? bounty isnt a waste of resources if it still help a bit . you can only call it a waste once it is not beneficial on your project . social media campaigns are really the ones that help the most because many people of all kinds , on all parts of the world are using it .

while sig campaign helps too because most users here are crypto related but what about people that those who arent involved on crypto. how can they see your content on here

SacriFries11

sr. member

Activity: 882

Merit: 253

Quote from: examplens on May 21, 2020, 03:54:14 PM

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.

Its not as much as it is but it will help to boost their campaign. Its also a proof that they really active in their social media, they can immediately announce their platform and future plans. It still depends on the specific projects that are launch in the market, there's still projects that have potentials but due to lack of investors they failed also. Investors can't take many scam projects, sometimes they quit after the good project turned to nothing.

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

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

Activity: 1372

Merit: 322

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

member

Activity: 574

Merit: 18

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

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

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

Merit: 250

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

member

Activity: 574

Merit: 18

Making Smart Money Work

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

Activity: 3080

Merit: 603

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

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

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

Merit: 38

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? (Read 538 times)