Topic: Is Bounty Campaign a Sustainable way to grow your Crypto Community? - page 3. (Read 569 times)
February 26, 2022, 07:27:31 AM
Kompanya bounty is one of the projects that involves many pesrta who want to get the results of the project for free without having to spend capital for us to invest, but we have to follow every rule that they have made in order to later get the maximum payment, although this opens an obligation but very many participate in it, With the bounty campaign, many investors are sure to invest in the project.
February 26, 2022, 05:15:12 AM
in short of course it can grow a community very quickly. airdrop and bounty campaigns can make a community experience big improvements. but we can't say they have a community to fully support the development of the project. because many also leave the project after they get paid.
when the project does not have a real product developed. it will be difficult to bind truly loyal communities to hold their assets for long.
when the project does not have a real product developed. it will be difficult to bind truly loyal communities to hold their assets for long.
February 26, 2022, 05:09:04 AM
Bounty campaign is a marketing strategy so that a project is widely known and more investors come to invest.
we bounty participants only carry out our duties to promote a project to be known by many people and investors come to invest in the hope that the money they invest will grow in the future. Project development issues in the long term are in the hands of the development team and beyond the control of bounty hunters and investors.
we bounty participants only carry out our duties to promote a project to be known by many people and investors come to invest in the hope that the money they invest will grow in the future. Project development issues in the long term are in the hands of the development team and beyond the control of bounty hunters and investors.
February 26, 2022, 03:30:48 AM
Bounty campaign would help projects push or gain popularity which is why many gambling sites run campaign manager to boost their popularity or their reputation. Running bounty campaign requires professional campaign manager to manage campaign which they are professional too in accepting participants that are not spammers or only joining just to earn bucks without thinking that joining just to earn bucks can result in spamming the forum.
But, isn't "sustainable" the problem here. How long are we talking about and how big are we talking about? I mean if you do it for 6 years with 10k dollars per month, you are not going to get that money back quickly enough, it will be probably not great. If you do 10k per month for one year, then you will get enough and then in the long run you will make that back, if you do 1k per month for 3 months then it will be useless and not get enough.So, what do we mean by sustainable, how long are we looking to exist, forever? Nothing lasts forever, but assuming our "forever" is 50 years, then you could say 5 years is good enough to kickstart it, if you mean 10 years, then 1 year is enough, if you mean just 1 year, then 3 months could be enough. So, sustainability is a bit based on the period we want and if we can calculate how long we want to stay relevant, then we can find the answer to this question.
February 26, 2022, 03:02:08 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.
February 26, 2022, 02:12:20 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?
Bounty campaigns are still a good marketing strategy to attract investors, like a twitter campaign, an investor can see the latest information of a new project and see how many communities they have and see the tweets of each participant.There are several projects currently that focus on airdrops because they have multiple goals to get many communities
February 26, 2022, 02:05:50 AM
Of course, there are many things that must be combined, the bounty of participants will give a positive impression on social media and discussion places such as telegram groups or discord, and many investors who come from the bounty campaign because they feel optimistic about the future of the project.
February 25, 2022, 09:05:03 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 sustainability of the campaign depends on the project owner on how they make use of the attention drawn by the bounty campaign to give them profit. A bounty campaign is simply a tool to reach out to people that have no to little knowledge about their project. This is a promotional/advetisement program and it is up to the project developer to keep their acquired audience and believe/trust them.
February 25, 2022, 06:36:11 PM
A bounty campaign is a marketing strategy to introduce and attract investors to a project. the more the project is known, the better it will be for a project. There are several types of bounties available and the allocation for the bounty program itself already has its own allocation of funds from a project. the better quality of the bounty project, the better the project will be in the eyes of investors. if asked whether it will be sustainable to develop a project then it is not because the task of developing a project is the team from the project itself and the plans for the project in the future.
February 25, 2022, 06:20:32 PM
Of course I believe it's one of the sustainable ways to develop a community as vast majority of these participants have large number of followers on their social platform who easily listen to them and in which these followers don't joke with whatever information being spread out by their influencer.
February 25, 2022, 06:14:40 PM
It depends on a bunch of factors. These include the pre existing number of members in the community before the bounty, the type of project running the bounty etc. Some projects attract more investors than others
February 25, 2022, 06:09:59 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 sustainability it's the project that should take care of that, the bounty hunters can only promote or present your project to investors, they don't hold or control the development of the project, they don't even have control over investors' action, with so many coins in the market, the project should be good enough to attract investors long term because investors only have limited attention and they go from one project to another very quickly.
February 25, 2022, 05:44:13 PM
Have you seen how many Tokens fail? Even with a Bounty Campaign. You can not sustain growth by offering a temporary incentive for the same reason Bitcoin does not incentivize full nodes. It either all happens by natural course or the Cryptocurrency is doomed.
Want sustainability? Bring innovation. Updates that make the Cryptocurrency better than what already exists. No, exchange listings are not useful either. What is useful is what some of the Cryptocurrencies have come with along the years. Lines of code that improve a Blockchain's security, speed, transparency or privacy et cetera. Bounty Campaigns only bring temporary leeches and parasites. They will just find a new host as soon as the Campaign is over.
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Regards,
PrivacyG
Want sustainability? Bring innovation. Updates that make the Cryptocurrency better than what already exists. No, exchange listings are not useful either. What is useful is what some of the Cryptocurrencies have come with along the years. Lines of code that improve a Blockchain's security, speed, transparency or privacy et cetera. Bounty Campaigns only bring temporary leeches and parasites. They will just find a new host as soon as the Campaign is over.
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Regards,
PrivacyG
February 25, 2022, 05:39:13 PM
Bounty campaign would help projects push or gain popularity which is why many gambling sites run campaign manager to boost their popularity or their reputation. Running bounty campaign requires professional campaign manager to manage campaign which they are professional too in accepting participants that are not spammers or only joining just to earn bucks without thinking that joining just to earn bucks can result in spamming the forum.
February 25, 2022, 05:03:11 PM
Honestly, bounty hunters may not be the people you want as your investors, because they will rarely invest and they will make sure that they are only taking money out of you, and not putting any money in. However, they are certainly a great way to increase your numbers and that is also a great way to get money as well. Imagine a project with 10k followers on twitter, and imagine a 1k one, and now imagine a 100k one. Which one would you feel likely to invest in? I would definitely consider a 100k one, and check if it is good and if I dislike it then I wouldn't invest in it, but I wouldn't even look at the 1k one, and probably the 10k one as well. That's the biggest difference.
February 25, 2022, 04:55:26 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, a bounty campaign can help or push your project every good project needs an advertisement but the one thing that will make investors and people in the community support your project is how good your project is, even if you have a long campaign and attract a lot of campaigners it's still useless if your project nature is just a pump and dump one. February 25, 2022, 04:52:04 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?
Bounty campaigns, in general, have a significant impact on the development of new projects; they help to present the project to the community via social media platforms such as Twitter, Facebook, Telegram, Instagram, and Reddit, as well as signatures on the Bitcointalk forum. Prior to project development, I believe it is reliable. 
February 25, 2022, 04:49:14 PM
I think I am well abled to speak here. I advised a number of projects in the past, and by my experience, bounty projects have a very mixed result. Depending on how good a project looks and if the tokens are seen as valuable. Usually bounty campaigns are joined by bots and third worlders who don't follow the rules and spam away copy pastes hoping to make a quick buck. This not only does nothing, since their 20k twitter followers for example, are all fake, but it also damages the reputation of the project itself.
But again, depends on if the project is percieved as valuable and legitimate. I have worked with badly planned ICOs with no future. Bounty campaigns did not help them.
If its all done the right way, it can really boost your audience. But that requires careful planning skills and detailled work. Thats not something that bad projects /poorly funded projects have.
But again, depends on if the project is percieved as valuable and legitimate. I have worked with badly planned ICOs with no future. Bounty campaigns did not help them.
If its all done the right way, it can really boost your audience. But that requires careful planning skills and detailled work. Thats not something that bad projects /poorly funded projects have.
February 25, 2022, 04:29:45 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?
If there is a good project behind it then of course it is a good way to bring more people, after all with the huge amount of coins that we have in the market probably the most difficult thing for a project that is just starting is to get the community to acknowledge their existence.And a bounty campaign is a good way to do that, however if there is nothing behind the project and the community sees that it is just one of the many coins that exist in the market then whatever attention the project got will eventually dissipate, however if there is in fact a good project behind it then people will begin to promote the coin on their own without the need of any bounty, bringing more people which could be interested in supporting the project in some way or form.
February 25, 2022, 04:05:39 PM
Using social media platforms like Twitter and Facebook to communicate information about the project is a very effective method for attracting investors' attention and getting them interested in the project. I believe the reward campaign will be viable as long as its purpose remains relevant. I believe that bounties will be an effective way to attract people. For example, Twitter, reddit, Medium have a lot of newbies looking for new projects to invest in, so tweeting every day will definitely expose the project.
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