Pages:
Author

Topic: Is Bounty Campaign a Sustainable way to grow your Crypto Community? - page 4. (Read 569 times)

hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
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 marketing strategy for investors who try to sell their project and gain investors, with a bounty campaign, it will help the project to gain popularity so it's really helpful for the community to grow and for people to get aware that the project exists. if it's not effective, then that would have not existed anymore, so I guess in the future we will see more projects getting introduced because there are people who are willing to help spread the news.

Just bear in mind that the community is big, it's composed of crypto enthusiast people with different goals, and that already includes bounty hunters and investors.
full member
Activity: 2128
Merit: 180
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?
Once you succeed on Bounty campaign you can be consider as a good project to invest with since most of the campaign here are ok and there’s a lot of successful project today really came here. Though there are still no guarantee that it can make your project grow since this will still depend on the purpose of the project and depends on how the team handle it.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
It is effective to let the community know that a project exists. And if it's about sustainability of growing the crypto community, that's a bit off separation and question.
Well, the bounties are making everyone interested on it to engage in the community with the help to grow that project through promotion.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
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 can be helpful. But make sure that the project has solid gig so that userd can use the platform. Bounty campaign helps attract users but you need to attract potential investors too.  If all the activity are only for promotional and an irresponsible one then youll only gain is community of airdroppers and not those who willing to use the platform.

hero member
Activity: 1876
Merit: 721
Top Crypto Casino
It takes a lot of money to promote a project on a large scale, and there is no guarantee that it will be effective. And here, through bounty campaigns, a project can be easily promoted to a large scale in the crypto community by providing token payment.

So even if for some reason the project fails to reach its goal, the project will not incur huge marketing costs, as bounty hunters will receive token payments. And there will be no loss for the project team for that worthless token.So bounty campaign is very effective in promoting a project.
sr. member
Activity: 1428
Merit: 250
A bounty campaign is a Crypto Marketing Strategy under which potential contributors (bounty hunters) perform promotional activities on behalf of a company in return for a percentage of the project's tokens. So, it involves creating small tasks for bounty hunters to perform and paying tokens in exchange.
jr. member
Activity: 230
Merit: 1
I believe bounty is one of the most effective ways to boost the publicity of a project coupled with the fact that the bounty hunters are in most cases knowledgeable about the industry and could be part of the project community. It gets better when the bounty is done for a long period of time and the project developers are committed to ensuring that the community members are satisfied.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
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 usually increase the followers of a project's social pages and help to share and like social posts a lot. And the Bounty Campaign basically increases the holders' tokens of a project because there are so many Bounty Hunters working here and they get free tokens. It doesn't really care about investors, but for a long time running a bounty often reaches  investors and they are interested in investing. There are many bounty hunters who invest in bounty as well as projects. that's it.
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
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 some cases it is effective, some projects manage to go for the long run because of great numbers of participants and support from their community. Like for example online casinos, there are some still manage to remain, whatever the market condition is. There are also projects that did not make it, and they have large number of campaign participants, they also hire known BH in here and still did not manage to survive. I guess there are factors to consider, the credibility of the dev team and some cases in the condition of the market they release their project.
full member
Activity: 1820
Merit: 107
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?

IMO, the bounty and airdrop campaign is the cheapest form of crypto-related marketing and promotions because most bounties are just paid on their native tokens so that's a big help to that project and save their funds. Thats why bounties and airdrops are very useful to build communities on social media, etc. so I think it was still reliable.

hero member
Activity: 2282
Merit: 659
Looking for gigs
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.
sr. member
Activity: 938
Merit: 251
The sustainability of bounty campaign strategy in growing your community might be in doubt, but you can not deny the fact that bounty participants will form the initial community member of a project and possibly contribute to the growth of it by investing and advertisements!
I think long term success of project depends on the value been created and the perception of the project and character of the lead dev of the project!
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
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?
You must remember the cycle. The bounty campaign used by the project to draw attention from the new users and to make the community even bigger. I think that you may feel doubt if you join in a project with small community rather than join in a project with big community, The usefulness of bounty to growt the community but this totally depend on the result from the campaign. If the bounty able to create a good ecosystem and this can sustain for the long term. i rarely seen the project that have done bounty for long term.


Is it reliable enough to grow your project?
It's realiable enough as long as it's also straight with the development progress that happened in the project.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
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 isn't as reliable as what you and others are thinking but it is one of the cheapest form of advertising your projects.
I've seen many bounty campaigns here already and some of them became successful because of it or well it is one of the reasons why they become successful. Although there are some who are successful, most of them didn't end up well for some reasons.

Relying on bounty campaign alone in growing up your community isn't good. In the end, even though you have a successful bounty campaign it will still depend on how the people and investors sees the project. If they see it helpful to them then they will be interested, curious and might invest into it. If people sees that there are some developments into the project then they will invest into it. Growing a community is one of the hardest parts of starting a new project.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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 have an important role for an altcoin project because through a bounty campaign a project can be known by many parties which can be spread to all social media such as Facebook, Twitter, Instagram, Tiktok, YouTube, articles and others. the presence of bounty campaign participants makes the project rate increase and gives rise to investor confidence.

but in the long run, bounty programs alone will not assure the growth of the project. while there is still interest in the market, the dev team should be fast enough in implementing their objectives. as the saying goes, strike while the iron is hot. because once these bounty programs are over and they haven't made any progress with their targets, slowly people will forget and move on to the next project.
so in this case, it will only be sustainable if they will accompany their promotion with hard work from their end. people need to see that they indeed are working with their deliverables.
member
Activity: 412
Merit: 13
Trident Protocol | Simple «buy-hold-earn» system!
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 have an important role for an altcoin project because through a bounty campaign a project can be known by many parties which can be spread to all social media such as Facebook, Twitter, Instagram, Tiktok, YouTube, articles and others. the presence of bounty campaign participants makes the project rate increase and gives rise to investor confidence.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
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 bounty campaign is still going well now because by using this type of campaign, the project can be widely known and invite many investors to invest in the project. Especially if the project is really one of the potential projects that could develop in the future, the development still promises to be a project to gain popularity. It could be one that will get a lot of attention from investors. As long as the project can be open with the community and develop their plans, the project will be big in the future.
sr. member
Activity: 1960
Merit: 329
Bounty campaigns are cheap because most of them are paid with the value of the tokens, and therefore if the project fails, the value of those coins/tokens will be lost, and therefore it will not be like losses if you pay with bitcoin or dollars.

It is clear with this that this is the reason why most new projects do not like paying with bitcoin or any stable coin where bounty hunters can claim them. They want to pay with nothing. Any projects paying with tokens that are not listed are paying with nothing and that is a waste for bounty participants. I have experienced this treatment with several worthless tokens as payment.


The extent of the campaign’s success is related to development, and the ability to keep it valuable. Therefore, if there is no technical development, even if the campaign continues for thousands of years, it will not be feasible.

I hope this projects accusing bounty hunters for the failure of their projects will read that comment  here. It is truth. Projects think that just going to ICO is the way to success alone without working on the development of their project.
sr. member
Activity: 1722
Merit: 269
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 think a bounty campaign can be good for a project or company or it can be bad, it all depends on how the metrics of the bounty are. For example i think the bounty campaings from the casino and betting sites (like the one i am wearing) should be worth the money for those projects. People in this forum usually already are interesting in earning money and/or gambling and when they see that signature they may get tempted to try it out.
A lot of times bounties also can be very dangerous for projects especially for small ones. If you look at the altcoin bounty section then you will notice that 95%of the projects that are offerin a bounty there are very small and new which makes sense but is also dangerous, because after the bounty ends this creates a huge sell pressure from the bounty participants which could destroy the price of the token for a long time or even kill a project completely.
hero member
Activity: 1344
Merit: 565
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 campaign is just one aspect for Developers to draw attention to their projects but certainly not the only avenue I believe. Of cause, they understand that some investors do have access to knowing your projects via all these various platforms used for Bounties promotion hence the constant creation of Bounties for new projects via such channels which I believe have been very helpful.
Pages:
Jump to: