To promote crypto projects, I think the bounties program is very good because the costs are not too big to be incurred. One part of the bounty campaign that very quickly spread project information through social media campaigns. If it's about the level of sustainability of this program for too long, it's not right for me.
Regarding its success, I think it depends on the development of the project.
Topic: Is Bounty Campaign a Sustainable way to grow your Crypto Community? (Read 569 times)
March 08, 2022, 01:16:55 AM
In my opinion, I think it’s not sustainable if most of them are bounty hunters who are just thinking of the rewards rather than believing and supporting the project by heart. As you can see, bounty hunters are always asking in the main group like “when rewards”, “when distribution”, etc.
And also in the bounty program, I see unnatural comments and posts in their group, in which part of the bounty tasks is to regularly comment something “positive”. I can distinguish between natural and “unnatural” posts and comments from them.
It’s much better to grow the community organically because that’s where the true supporters are. Nothing wrong about bounty program that is one method of growing the community, as long they are supporting the project for real and not just having about the “bounty reward” mindset only.
That's a moot point. Ordinary advertisers also do not support what they advertise "with all their heart" and this is considered normal for this type of business. The potential of a new cryptocurrency project is difficult to determine and even more difficult to assess how effectively it will develop in practice. Indeed, the success of its development is influenced by many factors, including the professionalism of its team. Participants in signature and other types of campaigns have the right to determine for themselves what to do with the tokens received as a reward for their work. So far, this works, because the team of each new project first of all needs to advertise their idea and their token. And also in the bounty program, I see unnatural comments and posts in their group, in which part of the bounty tasks is to regularly comment something “positive”. I can distinguish between natural and “unnatural” posts and comments from them.
It’s much better to grow the community organically because that’s where the true supporters are. Nothing wrong about bounty program that is one method of growing the community, as long they are supporting the project for real and not just having about the “bounty reward” mindset only.
March 07, 2022, 01:45:55 PM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
In the short period, bounty campaigns are great for projects, but since you're talking about in the long run then i would say it depends, now what does it depend on: everything rests on the shoulders of the project owners/managers, what they do after alluring investors for the short term, do they keep developing their project, or do they just reach a standstill, mind you that no matter how good your campaign is, if your project turns out to be bad or a scam, no investor would stay, thus everything falls back on the project, if it is a good one, then the development will definitely be sustainable, if it is bad, then it won't. 
March 07, 2022, 01:23:51 PM
I would say that bounty campaigns can indeed grow the crypto community, although there are many who doubt it.
We need to know that with a bounty campaign, it will be easier for people to recognize the crypto projects we are promoting. In this way, of course, ordinary people or new investors will join the project, but of course it is not easy and there is no 100% guarantee that it will succeed.
However, with this bounty campaign, from my experience, the average crypto community from the projects I participate in is mostly growing and getting more and more followers.
With the promotional activity that a bounty campaign aims, i can say that its one effective way of growing your crypto community through the contributions made by potential participants. But to rely it all alone from bounty campaigns, i don't think it will work all the time. The promotion should start on the content or substance on the project itself and if those potential investors will embrace the fact that the project's goals will meet the demand of the consumers, then the project itself will totally be a hit. Having a bounty campaign is just a second option. We need to know that with a bounty campaign, it will be easier for people to recognize the crypto projects we are promoting. In this way, of course, ordinary people or new investors will join the project, but of course it is not easy and there is no 100% guarantee that it will succeed.
However, with this bounty campaign, from my experience, the average crypto community from the projects I participate in is mostly growing and getting more and more followers.
March 07, 2022, 12:46:29 PM
I have seen campaign rake in a lots of fund and support for obscure new project. Never underestimate what resources bounty campaign can make available for a project! In the long run, all that matters is growth and development with usefulness of idea been pursue in a project. Bounty campaign is one of the tools that can positively impact a project in cryptocurrency and beyond!
sincerely agreed because bounty campaigns results in the long run also getting heavily influenced by the quality of the projects itself because honestly there are also many projects that are unsuccessful even after having massive bounties because the quality shown from their project aren’t that great and at the end of the day most of the participants and the newcomers aren’t really interested because its not a promising long term investment.the thing that matters most is the quality of the project itself because if it’s just some low quality projects, even if you hire the best marketing in the entire planets its gonna be having miserable ending just like any other obscure low quality projects out there.
March 07, 2022, 10:36:01 AM
As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.
Yeah, bounty campaign is pretty cheapest way to help grow a community even i think without payment a project can build thier community, as example you know most of the project will pay their native token and there are no guarantee which token will be worth after the bounty ended. If tokens have no values on the market so the projects got promoted free.
March 07, 2022, 10:06:47 AM
As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.
Yeah, bounty campaign is pretty cheapest way to help grow a community even i think without payment a project can build thier community, as example you know most of the project will pay their native token and there are no guarantee which token will be worth after the bounty ended. If tokens have no values on the market so the projects got promoted free. 
March 06, 2022, 12:30:04 AM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
I believe the purpose of the bounty really has nothing to do with the sustainability of the project.
Bounty is indeed indicated so that a project has a large community so that the community enters
the bounty project and introduces the project to many people, including investors.
Thinking about the sustainability of the project is the responsibility of the professional team of the project itself.
How do they develop, work to make their platform or ecosystem really useful,
that's what makes their project always needed by many people and then will become a sustainable project.
March 06, 2022, 12:00:00 AM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
Many people join bounty campaigns because some of them want the token for free and some of them want to earn money because they don't have any real job in real life. I've joined a lot of projects that ran bounty campaigns and it gets a lot of social interaction but when the bounty end it's become normal again. Investors that understand how to do some research will make many considerations before investing in a project that's why the team from the project and the roadmap behind it are really important part to get attention from investors.
March 05, 2022, 11:29:54 PM
For me, everything that has to do with marketing for a project will always be viable to apply to a project, and yes, it will attract many clients because marketing makes many people see the name of the project on social networks, many will want to join and so little by little it can be spread to more people as they learn, and the best thing is that the signature campaigns in the forum also, at least generate traffic and by generating traffic it makes the project more famous, for me it has a lot to view bounty campaigns positively.
March 04, 2022, 12:04:09 PM
bounty is a great way building the community, instead of just paying for marketing professionals that usually bring kinda ordinary result you could just make bounties that allows masses participating in getting tasks done
in exchange of reward, it easily helps you increase the amount of the altcoins holders and it could make your altcoins know among traders, at least that some fraction of benefit that I could understand that usually many of projects with
bounty campaign has, they usually have easy time building their community afterwards and usually if the quality of the projects are also good, they gonna be such a huge success.
in exchange of reward, it easily helps you increase the amount of the altcoins holders and it could make your altcoins know among traders, at least that some fraction of benefit that I could understand that usually many of projects with
bounty campaign has, they usually have easy time building their community afterwards and usually if the quality of the projects are also good, they gonna be such a huge success.
March 04, 2022, 12:03:30 PM
I have seen campaign rake in a lots of fund and support for obscure new project. Never underestimate what resources bounty campaign can make available for a project! In the long run, all that matters is growth and development with usefulness of idea been pursue in a project. Bounty campaign is one of the tools that can positively impact a project in cryptocurrency and beyond!
March 04, 2022, 09:45:05 AM
I would not say that bounty campaigns are not reliable, but they can be reliable in such a way that it can generate awareness about your project so that investors will be convinced to invest in your project. But definitely its not the only way to sustain the growth of your crypto community. I guess its on the real use cases of the project itself. Investors will definitely put their trust on your project if the goal of the project is highly subjective that will create huge demand and established foundation. Its more on the substance of the project that makes it more reliable, and not totally on the bounty campaign.
Just awareness but to convinced them no not really. You can say that the ads that you placed in the bounty campaigns are convincing or is good to be true but it's not enough. Expert investors will know it and they will soon find out if you're just lying or not. We should not here to fool people or to scam them but we should help this community grow and improve by delivering quality projects to the people that are legit.It's also important that we care for our workers or to the bounty hunters and not only to our project because they can also help us succeed. Treat them like a human and they will do their best to promote your project.
March 04, 2022, 04:53:51 AM
There are many successful altcoin projects developed with the support of bounty campaigns at the beginning of their project development because with the entry of a large community, project development can also run well but all of that also costs a lot of money so it takes a solid team in building the project and the bounty campaign is still a good place to promote the project to be built.
March 04, 2022, 03:10:02 AM
Running bounties creates awareness on social media effortlessly and I don't see any reason why new projects won't use this marketing strategy unless they have other effective ways, the only bad thing about bounties is projects with bad team members that will deny bounty hunters payment after long session of creating some awareness through all social media available.
March 04, 2022, 03:07:59 AM
As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.
March 04, 2022, 02:59:33 AM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
Investors are into many projects if you cannot convince these investors you have a good project with good potential it's not going to sustain your project, the bounty campaign can only attract investors to look at your project, but what will make them stay is how good is your project, and it's a contribution to the Cryptocurrency community, everything depends on the developers when it comes to retention.
March 03, 2022, 08:44:18 PM
From what I have observed over the last few years, 90% of cryptocurrency projects are launching a bounty campaign. As we all know, many projects unfortunately fail and it happen for various reasons. However, when it comes to projects that have managed to appear on the market without a bounty campaign, the number is so small that can be counted on the fingers of one hand. In my opinion, a bounty campiagn is very necessary to build a community, and as we know, without a community, we have little chance for the project to be successful.
I think it's very important for new projects to launch a bounty campaign, because promoting projects through bounty campaigns has proven to be
effective in attracting the interest of many people to study these projects, and also build community. But the bounty campaign does not guarantee
that these projects will be successful in attracting many investors to invest in these projects. An active development team is required to update
these projects, and also at least the new projects try to be listed on popular exchanges then the development of these projects will be very rapid.
Usually several new projects are successfully listed on popular exchanges after launching a bounty campaign, the number of the community will
also increase rapidly.
March 03, 2022, 07:54:48 PM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
Investors are into many projects if you cannot convince these investors you have a good project with good potential it's not going to sustain your project, the bounty campaign can only attract investors to look at your project, but what will make them stay is how good is your project, and it's a contribution to the Cryptocurrency community, everything depends on the developers when it comes to retention.
March 03, 2022, 07:38:55 PM
No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?
Yes, because thousands of bounty hunters promote the project in the bounty in which they work on different campaigns. For example, if anyone joins the Bounty and participates in any of the campaigns, he uploads a video on YouTube, makes an article in blogs, or publishes posts about the project on this forum or in the hashtags of the project on social media, and what these hunters have done spreads in the Google search engine (blogs, YouTube and positive comments &posts) and this is reflected positively on the project, and it attracts potential investors in the long run. Jump to: