How useful is bounty programs to the overall success of icos? - page 2.

krishnaverma

full member

Activity: 1470

Merit: 108

Quote from: Crystal24 on July 28, 2018, 04:13:17 AM

When you take away bounty campaign from most project icos, the icos will die a good death.

Actually, it has become kind of a standard procedure and all new projects follow this. No doubt it must be benefiting those projects, otherwise why will they spend so much money on it. Many other people are also benefited as they provide related services like telegram channel support and all.

But there are some downsides as well. It has become very common and many spammers get away with most of the coins by creating multiple accounts.

yulchatar

full member

Activity: 910

Merit: 100

I think that the campaign bounties favorably influence the ICO projects. Since it's an opportunity to distribute and promote information about the company, its product, the task that the project plans to solve among a large number of people and around the world. Of course, there are also disadvantages, such as spam, fraud, and multi-accounts. But in general, the bounty is a positive impact on the project.

Herdawnia

member

Activity: 182

Merit: 10

Quote from: Crystal24 on July 11, 2018, 05:44:25 AM

Is bounty programs impacting negatively or positively to the success of icos?

In both ways it affect but majority its on the Positive side like bounty programs markets the projects of the companies. With this different social campaign they have a lot of promoters all over the web. On the other hand the negative is that the scammers deplete the credibility of this innovation.

talenah kotang

newbie

Activity: 182

Merit: 0

The bounty program is useful for ico because it helps promote their projects through social media, indeed Ico success depends on the team but at least the bounty program can help share and tell their projects to everyone.

worle1bm

full member

Activity: 1834

Merit: 166

Quote from: Crystal24 on July 11, 2018, 05:44:25 AM

Is bounty programs impacting negatively or positively to the success of icos?

Yes ofcourse its useful for ICO as bounty programme is a paid form of large scale promotion globally on social platforms like facebook,twitter.Bounty participants are paid tokens or coins of the project for doing work like promoting the project in a very enthusiastic manner that people get convinced and invest in that project. Many ICO reach their hard cap within days due to it.They distribute a minor share to bounty hunters and raise millions by themselves so its really positive and useful.

steveabrahams

sr. member

Activity: 1050

Merit: 254

Quote from: Crystal24 on July 11, 2018, 05:44:25 AM

Is bounty programs impacting negatively or positively to the success of icos?

I can't say the impact is 100% big but i think the impact is positive to the success of ICOs. The thing is, the project owner/dev don't need to spend their money to the bounty, just offer the tokens 1-2% from the total tokens to bounty. So yeah bounty programs is useful and worth it.

mkhadazz

sr. member

Activity: 560

Merit: 250

I think bounty program is very good to have its ico because with the bounty program ico it has a very good marketing strategy means it will be very fast spread of information ico, and in my opinion with bounty campaign it can make ico is very successful.

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: Crystal24 on July 11, 2018, 05:44:25 AM

Is bounty programs impacting negatively or positively to the success of icos?

Without bounties icos will not get the desired exposure and they will have to rely in paid channels that do not have the amount of people interested in cryptocurrencies to justify the expense, this is why any project that wants to have any chance needs to create a bounty campaign to let the people of the community to know that they exist and if they have a good idea then they could receive a lot of funding to make their idea a reality.

sserge009

hero member

Activity: 770

Merit: 501

A bounty campaign is a necessary condition for any ICO. If it has passed successfully guarantees it does not, but its absence almost certainly means failure. In any case, the community plays a big role in crypto, and the bounty campaign is the most effective way to create it

Amajaa

member

Activity: 392

Merit: 10

For me as bounty hunter we have big contribution to success of one project or ico for we are the ones that spreading the news thru social media and how many bounty hunters do that so many from different countries.. So i therefore conclude that bounty program have big factor for an ico to be succeed.. Also with the teamwork and being active of dev also.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: Magiklair on July 26, 2018, 12:26:14 PM

To my mind, it is unlikely to contribute to the overall success as bounty campaigns can contribute only to a certain ico project, however, i can be mistaken because i have taken part only twice

Bounty campaigns are critical to the success of a project but the campaign can also lead to its downfall, in this forum people are very sensitive to any kind of activity that may indicate the behavior of a scammer, I have seen bounty campaigns trying to change their terms in the middle of the campaign and as you may guess this is very dishonest since most of the time the change favors the devs and not the bounty hunters, and those people receive an immediate neg from a DT2 member and their campaign is ruined, they deserve it of course, but the campaign now will go against them since their participants a now are going to recommend to everyone to not participate in the ico.

retprogramisto

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Activity: 149

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💡 Websites, scripts for BTC web4crypto.xyz

Bounty programs are useful because they help to advertise and build communities for ICOs. They help people to earn altcoins via social media and help the ICO managers to gain awareness and investors for their coin using allocated coins from the premine.

PalindromemordnilaP

full member

Activity: 518

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I think about 90% of ICO's success relies on bounty programs because it is the very most effective way of putting the project's vision and mission in public. With different platforms and medium used online, it's enough to spread it and attract investors worldwide.

dublados

newbie

Activity: 32

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Abundance battles produce commercial and advancement for an ICO an abundance crusade can help draw in financial specialists for an ICO. There are numerous abundance battles done here in this discussion in light of the fact that huge numbers of the clients here are vigilant for potential ICOs to contribute to. Likewise, since abundance battles achieve Facebook, Twitter and different types of web based life, this can make an ICO more prevalent.

hotBriX001

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The revolutionary trading ecosystem

Quote from: cityhall on July 31, 2018, 05:45:12 AM

This is like low budget promotion directly to the right market by the cryptocurrency enthusiast who also a promising investors. So I think this is very useful to the overall success of ICOs.

Probably it will because if the ICO's will always be promoting then many investors came to really see if this ICO's are in good products that investing on it will surely bring great helps to the community in terms of improving lives financially. So bounty programs will be the bread and butter for the overall success of the ICO's.

kingasf10

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Activity: 44

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let’s say I plan on purchasing a new vehicle and am wavering between two models by different manufacturers. While leafing through the newspaper over breakfast on Sunday morning I see a test report on exactly these two vehicle models. The report suggests that model A is significantly better than model B and lists various facts to explain why. This report might influence my purchasing decision, the result being that I head to an auto dealership the next day to buy model A. So far so good. But what if this test report was not an independent journalistic article? Instead, the manufacturer of model A had paid for this positive test report. Furthermore, what if this was not mentioned, or if the facts cited were perhaps inaccurate? It would be an obvious scandal, which would draw the attention of consumer protection.

murgut

full member

Activity: 224

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most of the money that fill the icos soft/hardcaps are coming from previous crypto achievements so the bigger the comunity advertising an ico the more important a project seems to be. and it also helps with descentralization because the number of token holders is going bigger with bounty hunters. what they decide to do with it is irrelevant.

MirzaofDaska

jr. member

Activity: 30

Merit: 1

Bounty Campaigns have become one of the most important marketing tools in the ICO market. However, the increasingly non-transparent communication practices of many ICOs is not only misleading investors, it is also threatening to damage the entire crypto ecosystem. Crypto startups must finally learn how to communicate honestly in order to guarantee long-term success.

cityhall

jr. member

Activity: 126

Merit: 1

This is like low budget promotion directly to the right market by the cryptocurrency enthusiast who also a promising investors. So I think this is very useful to the overall success of ICOs.

GangNamSK

member

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Quote from: ecnalubma on July 27, 2018, 09:55:37 PM

Bounty programs can be benefit for every start-up projects and also contribute to its success. It is essential for a project to launch such programs to gain popularity and let the people know what the project is all about, but sometimes can impact negatively specially when the project is scam and fraudulent that's why every bounty hunter should be aware of their responsibilities as much as possible avoid projects that are shady and trash.

Bonuses are an issue that most people are concerned about because their mentality is to be donated to have money. Simplifying the problem when the project is about to come out, encourages investors to make bonuses fun. It also means that everyone wants to be rewarded and hope to have the opportunity to increase profits. At that time, investors started to accelerate the project.

Topic: How useful is bounty programs to the overall success of icos? - page 2. (Read 1032 times)