I run a media company, and deal with a lot of ICOs. What I noticed was that all these ICOs want top-notch articles & videos about them but they insist on paying in their token or want it for free. They think they are doing a service by giving bounties. What they don't realize is that their token is useless most of the time. Most of the bounties done by ICOs are bad.
Like:
1) Write 500-1000 words article on us for 300 of my useless tokens (which won't be coming on an exchange and will be used only on our platfrom. And you won't get free service but 25% discount
)
2) Or make a 5 min video for us and post it on your YouTube. You need to have 5000+ subscribers and praise us to get our useless tokens.
I am not making fun of any ICO, just pointing a fact out on how these tokens are just polluting the market.
If you are an ICO or running an ICO, please pay the right price in a currency that works (Eth, BTC, Euro etc). Your tokens are useless for agencies. They take out their time and resources to make a good campaign for you.
Secondly, if your ICO does not have money..it should be red flagged for a potential scam.
What are your thoughts? Are bounties good or bad?
It can be seen by two ways of the project , at one side we can suppose that the ICO don't want invest a bit of money and want to make free advertisements by using his own created free tokens , so overall they make it without spend a bit of the money .
Now come at another side , that , ICO team may have better concept of technology algorithm but due to problem of the money they are not able to give boost to the popularity of Thier project and with the help of the tokens they want serve Thier technology algorithm with Thier coin .
Well here I can't do anything for you in the both of the cases , but here I can give better suggestion for you , first of all you should get tokens from the ICO and then after get of the token , make the directly sell at discount because surely you will get at low price then what the ICO will set the price of Thier token .
Don't worry to sell , because you can found easily token buyers at Thier telegram channel at low price , so just accept token and sell them at low price , surely you will get much amount of money easily .
In this way you can make money and also ICO project will make Thier own advertisements without spend of money .