Topic: Is Bounty Campaign a Sustainable way to grow your Crypto Community? - page 2. (Read 523 times)
March 03, 2022, 07:28:47 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.
March 03, 2022, 07:21:40 PM
it is created "by force" because bounty participants are forced to join every social media of the project. Investors, if any, are very few.
I think that you do understand the bounty in the wrong way as it's not even forcing the participants. You will get a stake if you do that tasks and you will not get any takes if you didn't wanna do that and just never do that and no one will be forcing you to do that. It's a part of the task in the bounty and if the participants wanna get the reward and then the participants must do that. So they are getting rewarded. I think that using the word forcing the participants it's not even matched with reality and it's the same as working with a company.
March 03, 2022, 06:07:39 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?
The first target of bounty campaigns is those who participate in the bounty campaign. :) I researched the project in all bounty campaigns that I participated in. I went to the community channels (telegram, discord, etc.). I visited their Twitter account (I followed many of them). I invested because I found some of them worth investing in. At the end of this process, I sometimes felt like I was a "direct target". :) We're talking about a broad business model that affects even someone working for the bounty campaign. I think the projects have definitely grown their community. Also, I think it's sustainable thanks to the win-win model. If I were to create a token, I would definitely consider doing a bounty campaign.
March 03, 2022, 05:41:22 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?
When it comes to exposure and attention then bounty would be always a part of marketing on which it is really needed to create some awareness but if you do talk about sustainable kind of demand and attention thenwould vary on different things like;
1. Project relevance
2. Utility
3. Development team
4. Marketing
You cant assure success though but if these things are on check then you could have the chance.
March 03, 2022, 05:33:19 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?
There are some bounty campaigns that have run for months in this forum, it must mean there is a positive outcome from the campaign otherwise those campaigns won't keep running, bounty campaign is another form of advertising anyways so it is very possible most of the campaigns bring positive results and also help the project to build a community, if not most of the project conducting a campaign will find other means of advertising.
Most social media campaigns are run for this purpose, to grow and build a strong community.
This is one of the many reasons why I have never been a fan of those campaigns, as people can spend months working and at the end receive nothing, and even if they do if the project was a bad one, as it is the case in the majority of new projects, then they will still gain nothing at the end for all their efforts.
February 27, 2022, 01:09:57 PM
It's one part, but it's not a one-step formula to success. Most crypto communities grew not only because of bounty campaigns, but also because of what they actually offer to the community. You can't expect to have a smooth community through bounty campaigns if what your product/token/whatever is basically not really worth it, or does not add value to those who wishes to purchase it. Before you get successful on bounty campaigns, you must first have a project that has substance, and people can really enjoy.
I completely agree with you, a bounty campaign is just one of the things that can contribute to the visibility of the project, but a project to be sustainable and successful must include a wide range of marketing techniques! As you say, it's not a one-step formula, to gain exposure and visibility projects must be present and active in many places relevant to their projects... Of course, that costs money, and money spent on advertising is never thrown money!
February 27, 2022, 12:47:39 PM
*SNIP*
Bounty campaigns are made to attract the attention of the community and investors. As for the community, it is created "by force" because bounty participants are forced to join every social media of the project. Investors, if any, are very few.
However, it is always better to do a bounty campaign than not to have one.
February 26, 2022, 07:32:45 PM
It's one part, but it's not a one-step formula to success. Most crypto communities grew not only because of bounty campaigns, but also because of what they actually offer to the community. You can't expect to have a smooth community through bounty campaigns if what your product/token/whatever is basically not really worth it, or does not add value to those who wishes to purchase it. Before you get successful on bounty campaigns, you must first have a project that has substance, and people can really enjoy.
February 26, 2022, 06:49:55 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?
I really doubt bounties will attract the right investors to a project, there are bounty hunters who specializes in taking advantage of the project giveaway but do not give anything positive to the project because i have seen many projects that conducted the giveaway and then becomes inactive once the bounty period is over which means, you attract the bounty hunters for that specific period and not reaching the target audience. The reason that they become inactive and the project become useless is because the project is not for a long term even if the bounty campaign is over if the project is really that good it will attract more investors because of word of the mouth of early investors who support through the work of bounty hunters, bounty hunters can only advertise but what can make the investors invest and continued support is the project itself, no investors will stay in a project that they think will have no future.
February 26, 2022, 06:30:05 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?
I really doubt bounties will attract the right investors to a project, there are bounty hunters who specializes in taking advantage of the project giveaway but do not give anything positive to the project because i have seen many projects that conducted the giveaway and then becomes inactive once the bounty period is over which means, you attract the bounty hunters for that specific period and not reaching the target audience. 
February 26, 2022, 04:20:20 PM
It always depend on what the campaign is promoting. If the campaign is about a random useless token which aims to create a hype to fastly pump for speculative profit, dying right after, of course bounty campaigns aren't a sustainable way to grow the community, because first of all the product being advertised isn't sustainable or useful.
But if the product or service promoted is good and developers have legit interest to make it work on long run, bounty campaign will be totally worthful in this case and will add a lot to the initial value and potential of the project.
But if the product or service promoted is good and developers have legit interest to make it work on long run, bounty campaign will be totally worthful in this case and will add a lot to the initial value and potential of the project.
February 26, 2022, 04:04:07 PM
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Well since bounties are like doing social media campaigns, no doubt that it will get wider reach although it still depends as a lot of people in Facebook just don't give a crap about crypto at all in fact that many social media sites are being dwelled by many scammers especially when you check FB groups.It's not that too effective in a long run since the project itself has that declining stage after maturity.
February 26, 2022, 04:04:01 PM
If you do bounty in a good way you can expect great results. I did PYR Bounty last summer and it did so good with it now it's one of best metaverse projects.
February 26, 2022, 03:56:36 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?
There are some bounty campaigns that have run for months in this forum, it must mean there is a positive outcome from campaign otherwise those campaigns won't keep running, bounty campaign is another
form advertising anyways so it is very possible most of the campaigns beings positive results and also help the project to build a community,
Most social media campaigns are run for this purpose, to grow and build a strong community.
involved sustaining marketing and exposure for long term business then its just normal that they would really be running off specially if they do see off some benefits then they would really
be having that outmost consideration on running a long one but if its not feasible then its normal that they wouldnt really be tending to make it long.For bounty campaigns
then exposure is a must so its up to them whether they would run one or not.
February 26, 2022, 03:51:36 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?
There are some bounty campaigns that have run for months in this forum, it must mean there is a positive outcome from the campaign otherwise those campaigns won't keep running, bounty campaign is another form of advertising anyways so it is very possible most of the campaigns bring positive results and also help the project to build a community, if not most of the project conducting a campaign will find other means of advertising.
Most social media campaigns are run for this purpose, to grow and build a strong community.
February 26, 2022, 03:27:28 PM
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Well since bounties are like doing social media campaigns, no doubt that it will get wider reach although it still depends as a lot of people in Facebook just don't give a crap about crypto at all in fact that many social media sites are being dwelled by many scammers especially when you check FB groups.It's not that too effective in a long run since the project itself has that declining stage after maturity.
February 26, 2022, 01:47:12 PM
Bounty campaigns are very useful. You wouldn't hear the name of a coin without advertising. The better the marketing work, the more popular you can create a coin. Especially long-term campaigns attract a lot of attention from investors. Think about the signature campaigns in the forum, from there we can invest in many campaigns whose names we see. It is easier to research and we feel more comfortable investing in something we know 
February 26, 2022, 10:18:39 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?
if we look at the existing schemes, the sustainability of the forum takes quite a long time, it proves that this forum is very developed and durable, but if the prize coin is a coin that only makes profits, it causes the coin to only live for a while this causes people to not be interested in saving it. 
February 26, 2022, 09:13:52 AM
Organizing a bounty program to attract investors is something that is commonly done, many crypto project investors find out about projects they want to invest in through bounty programs, especially the Twitter social media bounty. Henceforth, the problem of future project development is the responsibility of the dev and the team.
This is true that bounty program help the investor to draw their attention to invest on the project .The question was that if it is helpful for the project for long term .I don't think this bounty program help for the project for long term but initially help to the investor to find the best project on the community .If the project has strong concept why its not help it for long term profitable .Investor will also hold and make activities to grow the project if it is more potential on the market .So its not only the bounty program help you the project growing for long term if this has no real case on crypto .Its always true that bounty program boos the project initially and help the investor to come here and invest on the project if it has good concept and activity . February 26, 2022, 09:05:03 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?
It's a first step in building a community but the sustainability of the community depends largely on team management and project development.If the team is experienced, they can motivate the community of bounty hunters to stay and also look for innovative way to get more community members. If the project is well managed and is successful, it will draw attention to the community because many people will be making inquiries.
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