I want to start this post by saying happy new year to all bounty hunters.
for the newbies that just started hunting, we might review how your work is been calculated below. Before you venture into bounty hunting or wish to participate in bounties. you may want to know exactly what you will earn at the end and how the calculation is been done;
Giving a sample where a bounty project promises 500,000 tokens for the bounty campaign and a certain quantity for different engagements(Facebook, twitter, Reddit,etc)
Facebook campaign offers 10% of 500,000= 50,000 token for example.
you fall into the category of people with 500 followers on Facebook and twitter.
Facebook/Twitter Campaign
350 - 1000 friends/followers = 1stake per week
1001 - 2,500 friends/followers = 2stakes per week
from the quota, you earn 2 stakes per week(facebook =1 , twitter=1)
okay you succeeded in earning 20 stakes( guess work guys . don't freak out
) totally. and the total stakes obtain in Facebook and twitter campaign is 2,000
Here comes your pay for your job:
(50,000/2000) * (your total stake for FB/twitter)
(50,000/2000) * (20) = 500 tokens.
Note: the higher the number of participants, the lower your pay (
)
E.g if we have a total of 20,000 stakes obtain from the FB and twitter campaign
(50,000/20,000) * (20) = 50 token.
Terrible i must say for a huge work done.
same process is applied for other campaign( signature, content)
so guys before you embark in any bounty :
1; spend time to check the quality of that project, ( to avoid marketing a scam project)
2; the % of bounty payment. ( i personally stick to the highly and tough part of the campaigns. Signature, contest, articles, inforgraphics because they pay more and people shy away from them)
3: Time factor. it is not wise embarking on all this projects that last for 8- 12 months bounties. you can not keep up and the possible of getting little payment as well. the longer the time, the more participants.
There are other means of bounty payments( the fixed payment) but i think this method is the most used by bounty marketers.