Is Advertising through bounty profitable? - page 3.

harizen

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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

Reward allocation for bounty is just a small percentage of a whole token distribution. Meaning even it's profitable or not to the project, the amount can put on risks to boost advertisement and exposures at any platforms of fields.

Advertising thru bounty sometimes create a powerful hype that even bounty hunters itself will put money on the ICO. So much hype that once it reached other platforms, it will result for much more impact.

And if that really won't work and not effective, we shouldn't see so much bounty programs today.

adzino

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They actually do work and what ever they spend on the bounty campaigns gets covered when people invest on their ICOs. This is the reason why most ICOs scam. When they fail to provide,they end up scamming their users.
Bounty campaigns = Advertisement = more people noticing the ICO = more chances of people to invest on that ICO.

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They are paying through bounties to advertise their ICO. In short, they are paying for advertisement in return with stakes or rewards that they will allocate base on their amount collection after the ICO. And there's a certain percentage that will go through the bounty so there are investors that doesn't like those ICO's that has bigger cap for bounties because bounty hunters will dump that coin quickly.

Tapyaks72

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Quote from: eternalgloom on March 14, 2018, 05:09:33 AM

I reckon that the projects that are doing bounty campaigns here on the forum just have a reasonably large marketing budget.
Then paying a few Bitcointalk members to participate in promoting the ICO isn't a really big chunck of their budget.

Also, part of all of the bounty is usually paid out with their own tokens, how does that cost them anything?

Bounty hunters are considered a medium of advertising of the ICO’s that would promote their coin to the community although it occupied only a small portion of the pie and paid by their own token and the only hope is that the ICO’s will hit the hard cap and the amount is bigger, but for the those people below poverty line it would be a big help.

ElegantCy

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Sure, Bounty advertisement is profitable if your ICO is successful, sometimes the ICO may not have been too successful but the advertisements creates so much awareness for the coin.

eternalgloom

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I reckon that the projects that are doing bounty campaigns here on the forum just have a reasonably large marketing budget.
Then paying a few Bitcointalk members to participate in promoting the ICO isn't a really big chunck of their budget.

Also, part of all of the bounty is usually paid out with their own tokens, how does that cost them anything?

rosebit

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To me the people that are involved in the bounty spend so much on data and their time on the assignment for advertising. so they need to be paid well

newguy05

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My concentration is attending pre-ico's/ico's bounty champaigns in addition to my direct buying of that token to decrease my total cost of ownership to the token that I already study and research for it. I am trying to combine hard work with my knowledge and of course positive feeling is important.

xebecstyx

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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.

I agree. I think, in every kind of business whether it's in this market or in other markets, advertising has always been a key component that could spell a project's success or failure. Marketing through advertising gives people the knowledge and know-how of what the project is all about, and it keeps them excited and looking forward to it, especially if the project has proved to have a catchy concept. However, since there are so many projects popping seemingly every now and then, it's very difficult to advertise now that could really catch people's attention.

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Bounty participants promote a certain ICO in exchange for that ICO's token or Bitcoin/Eth. Only a percentage of the tokens sold or a fixed amount is allocated as a bounty reward. There are more than a million people participating in bounties leveraging the ICO's exposure thus more people buy into the ICO and more rewards are generated for the bounty participants.

Sexie

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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

As what I learned that all bounty campaigners are being paid unless they are being scammed. In every business there is a required budget for every ads they are proposed. And through social media , twitter, telegram or in facecebook could help bounties to succeed, it will attracts people to join with these projects. Though this , it is the cheapest and easiest way of doing such advertisement rather than giving those projects to other networks like in television that will charge maybe more than what they expense through bounty programs.

Ravenangel

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the profitability of bounty is highly dependable on the bounty program. the campaigns increases peoples awareness of the project and might attract interest that might lead to investment on that project.

google98

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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

With bounty campaniens, you can easily get to the people who are interested in the crypto currencies, especially in the bitcointalk. For this reason, they are so valuable for advertising. If you use the mass media in society, it will simply reach out to many people who do not care about it.

Shreek

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yes, they produce money from the investors who helped to succeed ICO by investing. and bounty participants get a reward from the advantages of ICO.

and the way give benefit for ICO is by contributing well to ICO, such as to spread ICO project in media, and also with signatures.

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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

Bounty program is profitable if the bounty program will be succesful,bounty hunters would benefit when an ICO started the token sale tokens price is cheap..investors would take advantage on the price of the coin and poured money for their long term investements.Actually if an investors don't want big losses as taking advantage is also taking risk they can choose how much money they can afford to lose in case if the ICO would become unsuccessful.
For bounty hunters we have a role to play inorder to make any program to be successful and profitable.Promoting constructive ideas while wearing the ICOs signature codes and avatars can attracts people and that makes the programs to earn the trust of every investors,in this way we able to help to introduce the coin to the masses positively, in a long run causes high demands and will make the ICOs value to rise.

Budugbass

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They are certainly professionals, and have calculated everything, no doubt if they can make a profit. Anyhow ICO developers who's really pro.. would already have a very good program of the company that running.

Pamela Jobelle

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I think that having a bounty campaign can improve the publicity of your project, through signature and social media campaigns. maybe us bounty hunters didn't see the impact but for the times that we share, retweet or post we don't know who our audiences are so having a bounty can increase the publicity and I think it's also a win-win situation for both parties.

Alamin2

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Yes advertising through bounty is profitable. Bitcoin forum one of the best platform where is most of the people involving and working there for develop crypto currency. They are advertising their ICO through posting with signature,twitter,facebook in this forum.It's also contain creating videos and articles for promoted their ICO.So I probably say that advertising through Bounty is a good way to promote ICO.

bololord

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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

Absolutely, without a doubt bounty program is a great source of income where you will promote their ICO in a way that you will post on different sections wearing their ICO signature fitted to your rank for people to notice and recognize. There is also a social media bounties but the pool is much lower than the signature campaign, more likely the more signature campaign will be 30% of the total bounty reward.

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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

I think if they do not do bounty campaign then the holder of coin or token is only an investor, if so then the coin or tokens are running less than the maximum and the purpose of bounty campaign to introduce the coin or new token to the traders

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