Is Advertising through bounty profitable?

Arkham Knight

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Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

It's the old strategy of marketing which is advertising. Visibility and getting recognized is a big help to attract investors and it's not just a free money that they give because participants work for it.

semobo

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Quote from: CodyAlfaridzi on March 26, 2018, 08:29:41 AM

Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty.

Your assumption (the bolded part) is clearly wrong. You should take a look at it and see how many ICOs easily gained millions of USD in several days. So there are absolutely a lot of people who are willing to invest in ICO. Besides that, most ICOs don't pay their bounty participant in USD/BTC/ETH or any other worthy altcoin. Instead, they use their own token to "pay" the participants so they actually don't spend any single penny for bounty. That's why running bounty campaign is considered profitable.

You too little bit wrong,some bounties will reach millions of USDs in minutes or hours not taking days.So the success of the project is mainly based on the potential of that project not only based on advertisement.But it is important too to atract the people towards their project.And only from our advertisement they are making this much if money so it is definitely profitable for them.

CodyAlfaridzi

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Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty.

Your assumption (the bolded part) is clearly wrong. You should take a look at it and see how many ICOs easily gained millions of USD in several days. So there are absolutely a lot of people who are willing to invest in ICO. Besides that, most ICOs don't pay their bounty participant in USD/BTC/ETH or any other worthy altcoin. Instead, they use their own token to "pay" the participants so they actually don't spend any single penny for bounty. That's why running bounty campaign is considered profitable.

ss890

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Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

It is far profitable than fixed payments of bitcoin mode. I mean giving the ICO tokens away is like giving free money and the value of which is not decide yet. Many fo them might just claim that their token value will be this and that but let me tell you that in the long run the value never stays as it is and most of the time it is less than what is speculated during the bounty programs. So you see they are actually in profits all the time.

Also these teams will always have XYZ budget before they could start any ICO program. They will always allocate the funds for the ICO advertising and bounty programs so they are always in profits I would say.

Thanasis

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Yes and that is the only way available to advertise about new project to the crypto related people and mostly signature campaign is important in all bounties where you can get more reach of that project than any other way like media campaigns.So it is profitable for them and indeed too and then why they advertising about their project of they are not profitable for them.

astrid.uchiha24

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Quote from: dvabit on March 23, 2018, 07:38:56 AM

Quote from: akmittal on March 11, 2018, 08:26:57 AM

There is no doubt that Advertising through bounty is profitable. I myself buy so many coins and tokens through ICO. Bitcointalk is the best platform most of the people involved in crypt are attached with Bitcointalk. So advertising through Bounty is a good way to approach them.

what if we did't get paid for bounty?

then that company conducted bounty program can be tag as a scam and will have a negative feedback from the community for sure, just to be sure make a background check for the members of the project for you to secure the time and effort you've done advertising their ICO.

Sadlife

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First of all they wouldn't do those kind of things if it isn't profitable they wouldn't be wasting money paying people to advertise they're banner. So i can say yes signature/bounty/social media campaign's are helpful for an ICO project to be successful. Especially in social media were there are millions of people using twitter and facebook.

dollarneed

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It's a big Yes, imagine if your friends on facebook or twitter are bitcoin enthusiast and all of them joined the Facebook campaign and Twitter campaign there will be a lot of information about new ICO in your timeline that's why this method is working fine till this moment. Besides facebook is banning crypto related ads so the only way is held a Facebook campaign and I'm sure it brings a lot of visitors to the project.

Nfp

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Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

How did you know that there's very less amount of people investing in ICO's? Did you experience it with your own project or you're just guessing? Don't you know that mostly bounty hunters are also investing to the ICO project where they are involved when they think that the project has a great potential. And when it comes to bounty campaign, it's surely profitable for every ICO's that are using this to advertise their project, because this is the best advertising services that is most effective and most used here in this forum.

St4yInTh3D4rk

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Quote from: goldade on March 24, 2018, 01:23:59 PM

Advertising an ICO through bounty campaigns is just like advertising a product in the local market. Most people get to know about a product when it is advertised and when this eventually help to increase the sales of such product. It is the same with the bounty campaigns.
Many people like me only get to know about new coins when they are advertised here on bitcointalk through bounty campaigns with the help of bounty hunters.
I bought a number of coins only because it was advertised here on bitcointalk and I think that has been profitable to the ICO

Yeah you are right in this world most of the product will get more popular only it is advertised more so advertising about the ICO is very important on bitcointalk because this is the biggest forum about the crypto related sources.

goldade

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Advertising an ICO through bounty campaigns is just like advertising a product in the local market. Most people get to know about a product when it is advertised and when this eventually help to increase the sales of such product. It is the same with the bounty campaigns.
Many people like me only get to know about new coins when they are advertised here on bitcointalk through bounty campaigns with the help of bounty hunters.
I bought a number of coins only because it was advertised here on bitcointalk and I think that has been profitable to the ICO

zhekinsp

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Quote from: dvabit on March 23, 2018, 07:38:56 AM

Quote from: akmittal on March 11, 2018, 08:26:57 AM

There is no doubt that Advertising through bounty is profitable. I myself buy so many coins and tokens through ICO. Bitcointalk is the best platform most of the people involved in crypt are attached with Bitcointalk. So advertising through Bounty is a good way to approach them.

what if we did't get paid for bounty?

If you didn't get paid from your bounty programs then it is called as scam programs they will run away with the investor money.But you can't do anything if they didn't pay you because you are the one joined on their bounty so you must need to do neceasary research about that projrct before promoting them.

dvabit

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Quote from: akmittal on March 11, 2018, 08:26:57 AM

There is no doubt that Advertising through bounty is profitable. I myself buy so many coins and tokens through ICO. Bitcointalk is the best platform most of the people involved in crypt are attached with Bitcointalk. So advertising through Bounty is a good way to approach them.

what if we did't get paid for bounty?

zhekinsp

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Quote from: jrrsparkles on March 20, 2018, 03:13:00 PM

Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

They are not giving any free money,you are doing the job as advertising their project so you are doing some job to get that money.

Actually they are making lot of money than you think,the advertisement of the project is very important if they want to get more investors so they will allocate some funds from the token or coin creations so they are using that money for the advertisement,it is the investors money not their own.

Some ICOs will reach their caps value in some minutes after it was launched so it needs to be a good project too to get succeed if there is less investors then the project may not worth to invest.

Yes we are doing job to get that money and our work is very imposrtant for the success of ICOs so rewarding us with the little bit earning from them is affordable for them.But what we need to do is find the right project it is more worth than doing signature campaigns but you need time to cashout the tokens.

Oilacris

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Quote from: Mobshady24 on March 21, 2018, 01:26:06 PM

Quote from: Oilacris on March 20, 2018, 04:26:09 PM

Quote from: jrrsparkles on March 20, 2018, 03:13:00 PM

Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

They are not giving any free money,you are doing the job as advertising their project so you are doing some job to get that money.

Actually they are making lot of money than you think,the advertisement of the project is very important if they want to get more investors so they will allocate some funds from the token or coin creations so they are using that money for the advertisement,it is the investors money not their own.

Some ICOs will reach their caps value in some minutes after it was launched so it needs to be a good project too to get succeed if there is less investors then the project may not worth to invest.

For some ICO or projects I do see some which do sold out for few hours or minutes only which is amazing because you can really see the demand.Advertising do really works and always been part of the plan of those project owners.Its not actually investors money on what they have spend mainly.They do have allocated budget with it and they do only gain profit in the end of the sale or they do let it progress overtime since they are holding some serious numbers of coins from their own wallets,when the market booms up then its a sure sure money for them.

Totally agree, even for some scammy project were the most part of the effort is done through advertisement they are getting so much money during their ICOs while the development is being left behind right after collecting funds from investors.
Bounty programs pays well definitely, there's no exact amount of how much you can get since the stakes can only be completed after the bounty is finish and the value of the coins you'll get will depend upon the demand once get listed.

Scam projects is really there just lurking out to get investors and scam all the accumulated funds throughout the sale.Its really somehow hard to trace or identify scammy projects even how hard you do make up a research.Some scam projects do really see legit ones and those projects which do have potential do look scammy ones.I do experience these things where legit projects turns out on not getting the proper funds that why they eventually fail in the end.

MMM005

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Simply, Yes!
Advertising through bounty is profitable.
What happens to an ICO without bounty, Nothing happens to the project, No funds, No one buy your token/coin, And finally the project FAIL!

Bounty make an ICO popular, more people buy your token/coin, your project success, you and your team reaches the goals.
And best place to make a bounty is here, BitcoinTalk, All users here are interested in crypto, you will sell more!

pratik009

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The bounty programme is very necessary and also profitable for any new projects. Many people participate into bounty programme and they share the project on social media and other many platforms.so it will help to attract the more and more investeros.They also help to share this project on this forum therfore it will also helps to get more and more investeros.so the project get many investeros from bounty programme that's why the devlopers arrange the bounty programme.

syaripudin

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yes, this is very profitable for ICO because many developers are using this method to raise funds for the sake of developing their projects and of course the results are not small. and also the profit earned by investors is that investors will get tokens or coins that later coins can be traded freely in the exchange market.

Oasisman

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Quote from: whirlcoin on March 21, 2018, 01:54:35 AM

It is profitable or not but it is indeed if you want the world to know about your project if you don't advertise then you can't get enough reach so yii can't reach the soft and hard caps value then finally that project will be failure.
And I think it is profitable if not then why they are running them.

Agreed,That made sense. First things first why run a bounty if it doesnt benifit or profitable on their edge? Right? Popularity is a huge asset that an ICO must posses to be able to run a succesful project, and bounty campaign is one of many ways to advertise a project.
And by the way the OP mentioned "free money" from bounty. Actually it isnt free money, its a payment for doing an advertisement through a rented signature space.

Mobshady24

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Quote from: Oilacris on March 20, 2018, 04:26:09 PM

Quote from: jrrsparkles on March 20, 2018, 03:13:00 PM

Quote from: nalinpuri on March 11, 2018, 08:18:00 AM

I want to ask how does the people that do bounty make money.I mean they are giving away money for free.How is it profitable for ICO teams?
Because very less amount of people invest in their ICO through bounty. Huh

They are not giving any free money,you are doing the job as advertising their project so you are doing some job to get that money.

Actually they are making lot of money than you think,the advertisement of the project is very important if they want to get more investors so they will allocate some funds from the token or coin creations so they are using that money for the advertisement,it is the investors money not their own.

Some ICOs will reach their caps value in some minutes after it was launched so it needs to be a good project too to get succeed if there is less investors then the project may not worth to invest.

For some ICO or projects I do see some which do sold out for few hours or minutes only which is amazing because you can really see the demand.Advertising do really works and always been part of the plan of those project owners.Its not actually investors money on what they have spend mainly.They do have allocated budget with it and they do only gain profit in the end of the sale or they do let it progress overtime since they are holding some serious numbers of coins from their own wallets,when the market booms up then its a sure sure money for them.

Totally agree, even for some scammy project were the most part of the effort is done through advertisement they are getting so much money during their ICOs while the development is being left behind right after collecting funds from investors.
Bounty programs pays well definitely, there's no exact amount of how much you can get since the stakes can only be completed after the bounty is finish and the value of the coins you'll get will depend upon the demand once get listed.

Topic: Is Advertising through bounty profitable? (Read 765 times)