Topic: How would you explain a bounty campaign to a beginner? (Read 115 times)
very detailed analysis.
The simple language of a bounty campaign is the advertisement of a project with the help of users who, performing various tasks, fulfill the conditions of the program. There are many types of campaigns, the most popular is the subscription campaign.
Thank you for your generalization. I noticed that to choose a good project to join the bounty needed a thorough selection process and many factors. I am a campaign participant and I have the following comment:
The number of participants in the bounty increased compared to the previous, which reduced the bonus.
Most of the projects are unsuccessful. Number of rewards received easily worthless.
The number of participants in the bounty increased compared to the previous, which reduced the bonus.
Most of the projects are unsuccessful. Number of rewards received easily worthless.
Great work for this! It is very nice and informative it can also use as guidelines foe all begginers here in bitcointalk world. Is helps newbies on how to start joining in bounty campaigns, with this works it gives to thebounty hunters an additional knowledge to identify a good bounty manager and to choose a good ICO.
A bounty campaign is not only a source in money, profits, or income rather is it a good source of new informations, knowledge, experiences, and good relationship between people and crypto world.
A bounty campaign is not only a source in money, profits, or income rather is it a good source of new informations, knowledge, experiences, and good relationship between people and crypto world.
I have watched and seen most questions asked about bounty campaigns. How does it work, what are the opportunities and threats, how does one make out or spot a good bounty campaign and finally who can participate. These questions have been asked in different occasions by different people. To help answer some of these questions to the best of my knowledge, I would offer some perspective in that regard as brief as possible.
First, bounty is like an incentive offered by companies to individuals who are willing to do some form of tasks on social media platforms. This reward could be likened to trade by barter, in which case the company gives tokens in exchange for targeted social media advertisement. This way the company is able to reach hundreds of thousands of prospects or even millions of potential customers through social media (Facebook, twitter, Instagram, LinkedIn), bitcointalk signature, content creation and so on. In return the bounty participants get paid for their work.
Secondly, bounty campaign comes with several opportunities and threats. One of the most prominent way to earn bitcoin without capital investment is by engaging in bounty programs. This could be so rewarding in some cases if one finds a good project and has a good ranking and huge social media presence. Conversely, more often than not , the rewards do not commensurate the time and effort. The reasons for this could be categorized as:
1. Low bounty cap by companies or bounty managers
2. No limit set for the maximum number of participants per campaign
3. Not so good projects that hardly get listed on exchanges or go 90x below ICO when listed
4. Participant fails to follow strict campaign rules
With that said, the risk/reward ratio is fairly manageable.
Furthermore, the important question remains, how does one find a good campaign? To answer this, I would recommend the following steps:
1. Do your research about the project like someone who is investing his lifesaving. Time they said is money, so you would need to do equal due diligence before participating
2. Join well known bounty managers such as krypital, bounty0x, Amazix, sylon, Bountyhive etc. They all have websites and telegram groups where one could watch out for good projects. ICOdrops also list bounty campaigns and they do a good background check before listing on their website.
3. Check the cap allocated to bounty campaign by the company and the breakdown into individual campaigns. The higher the bounty allocation cap, the merrier.
Lastly, about who can participate in different campaigns, each campaign has its unique requirements for hunters. You need to check the specific campaign for what applies and decide if it fits your taste.
Summarily, bounty brings different fulfillment to different people albeit some setbacks. If one treats the choice of a bounty the same way one treats the choice of investments, one would be happy doing a couple of campaigns with awesome rewards.
First, bounty is like an incentive offered by companies to individuals who are willing to do some form of tasks on social media platforms. This reward could be likened to trade by barter, in which case the company gives tokens in exchange for targeted social media advertisement. This way the company is able to reach hundreds of thousands of prospects or even millions of potential customers through social media (Facebook, twitter, Instagram, LinkedIn), bitcointalk signature, content creation and so on. In return the bounty participants get paid for their work.
Secondly, bounty campaign comes with several opportunities and threats. One of the most prominent way to earn bitcoin without capital investment is by engaging in bounty programs. This could be so rewarding in some cases if one finds a good project and has a good ranking and huge social media presence. Conversely, more often than not , the rewards do not commensurate the time and effort. The reasons for this could be categorized as:
1. Low bounty cap by companies or bounty managers
2. No limit set for the maximum number of participants per campaign
3. Not so good projects that hardly get listed on exchanges or go 90x below ICO when listed
4. Participant fails to follow strict campaign rules
With that said, the risk/reward ratio is fairly manageable.
Furthermore, the important question remains, how does one find a good campaign? To answer this, I would recommend the following steps:
1. Do your research about the project like someone who is investing his lifesaving. Time they said is money, so you would need to do equal due diligence before participating
2. Join well known bounty managers such as krypital, bounty0x, Amazix, sylon, Bountyhive etc. They all have websites and telegram groups where one could watch out for good projects. ICOdrops also list bounty campaigns and they do a good background check before listing on their website.
3. Check the cap allocated to bounty campaign by the company and the breakdown into individual campaigns. The higher the bounty allocation cap, the merrier.
Lastly, about who can participate in different campaigns, each campaign has its unique requirements for hunters. You need to check the specific campaign for what applies and decide if it fits your taste.
Summarily, bounty brings different fulfillment to different people albeit some setbacks. If one treats the choice of a bounty the same way one treats the choice of investments, one would be happy doing a couple of campaigns with awesome rewards.
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