Topic: PROMOTION TURNS WOE (Read 225 times)

the allocation of tokens given to bounty campaign and airdrop is very small around 1-3%, and I think the reduction in the price of tokens is not enough to influence it, the main factor is the investors themselves where they sell all tokens when profits already exist.

I do not entirely understand your body of the thread, but promotion turn woes in different ways and terms.

1. If a Bounty is filled with spammers, marketing turn out with be zero which is a woe

2. If project teams removes to pay rewards for work done, it is a woe.

3. If token received refuses to trade any where, it's also a woe

Some project team are funny   they build weak projects and ask bounty hunters to promote for them, after that they expect bounty hunters not to cash out or sell their rewards? Who does that? Only weak projects can be affected when bounties sell their shares on exchange, OP you should spend your time encouraging new devs instead, telling them to build something better

The one with the most advantage here is the project because they are using free money to their bounty hunter, their token does not have value at the time they are promoting their project it's more like an IUO payment, but if bounty hunter is not enough, they can pay advertisers with dollars like AdWords and other advertising companies, which they will have second thought of doing because of lack of enough funds.

I still don't understand why people always hate token depreciation, this is normal because all coins aren't stable coin, they appreciate and depreciate, and about Airdrops and Bounties if OP has a better way than these two he should share instead of blaming the two most effective ways of creating awareness on the internet for new projects

Another bitter person for dumping price. This is normal, tokens depreciated in a way we dont like but thats the risk of being involved in crypto. Why should new projects resort to other way? Creating awareness through airdrop and bounty is the cheapest way to attracr investors, like it or not this will be a long process to remove and I dont agree removing it just because of whats happening on the price of tokens that we promoted. If you just new in crypto then learn to adopt on this kind of situation. Not all can adjust for hunter sake.

I agree with that. The bounty hunters help the promotion that will determine the project success or not, but that will be back to the project. If the project is solid, and have a good team that will always work hard to the project, that will be key for the project to get success. But we see that the team cannot work hard and depend on the market to continue or delay their project so that makes many projects cannot continue the project until the finish.

Even there are so many automation platforms but even this platform is dead right now. The hunters help the adoption but the team is the main problem and it looks like OP needs to educate himself with the old coin that has no premined or ico that has been going to the graveyard.

You gave a very good example here to see what the OP is missing. How the project performs in the market is all on the dev's team, bounty hunters are just helping them in terms of exposure to the community but not in anyway involved in the development, so whatever happens to their plans, hunters have nothing to do with it.

More than 80 percent of projects listed on bounty thread do not bring any big change to the current tech enviornment. Most of them are either copied project or an upgraded version of an existing project.

How can then a project succeed in getting investment or becoming a hit when listed on an exchange. They do not have anything unique to offer and you are blatantly blaming the hunters for their downfall.

Only a small portion of tokens are airdropped or used as rewards if those tokens are sold on the first day when the project is listed on an exchange it will not affect the price unless investors start selling their tokens

Check your math before writing such a shit excuse.

This sounds so ridiculous. If those third world country people you are talking about are so desperate for money, then why would they even choose bounty hunting programs? I mean, don't they have to spend a lot of time over here? Wouldn't they be earning more if they took "any" kind of job? Those bounty program just pays few dollars!
And it would be plain stupid to blame those bounty hunters. I doubt they can cause much change in the price of the tokens by dumping.

Lol
There's no fault if you offer and prefer bitcoin, but you should not show detrimental comments towards altcoins.

Everyone has their specifications, yours may be bitcoin while others prefer etherum, do your own research anf stick to your preferred.

Dyor

All alts are garbage and here is why
https://newsblockchain.io/news/value-transfers-on-major-platforms-are-non-existent
Better to accumulate BTC while you still have time

Which project you are talking about, can you share one wyich has been destroyed for bounty rewards dumping? Uou may list a few thousands but how much of them had a real use case, how much of them had kept the promise they made before fund raising, how much of them are a project which the world needs? It will be less than 0.001%. If they don't have any use case, if the world doesn't need such a project, how can their price will rise?
When a project come with advertising plan and fix a reward pool for bounty, I'm sure they account the affect of the amount. If they do, why will it affect badly, if they don't, do you think they are a good project at all?
It's all about the project itself which can bring the success, not the bounty hunter nor the airdrop. Don't blame on people for which you are doing too.

Before 2016, the bounties were rare and they limited most of the participants and there was not much attraction to bounties as it yielded small amount compared to the effort. Only from 2016 the ICO boom began, every ICO got their hard cap and every bounty participants made good money. It's when money oriented people came to the forum with only intention of earning money while ICO too had similar aims. The depression stopped money flow to ICOs and hence to bounty hunters and it still affects legit projects at the moment.
It's not that projects are not implementing other methods of advertisements. They are. But this forum is a concentrated platform of largest number of crypto enthusiast and a small investment here would yield more than advertising to everyone through traditional media.

Most bounty campaigns I've see only use 0.01% to 0.1% of their max supply to do bounty promotions, how will this affect token on exchanges and dump the price? Sorry to say, the main reason most ICO or IEO projects dumps is because of early investors, the team gives out huge discounts and once investors see enough gains they start dumping

Why you think that the blame should be on bounty or airdrop? Hate to say it, but there are more reasons why the project or new ICOs are dumping. Why youre not including the investors too on its cause?

More projects relies on campaign but its not their fault if the project being screwed afterwards, perhaps the idea is not really feasible and dont have much appeal on community.

Exactly, imagine the portion the hunters get from the total pie and they are saying its their fault. Someone should compute the math for this.

You hire someone to promote your project but if they cashout their shares then they are the reason for the dumb? Seems like you are too dumb?

Project distributes tokens only after the value reaches zero so the real dumpers are investors not the hunters,but I like the alternative approach which is simple just pay them in bitcoin so they will dump it and no harm to the tokens.

You are so ignorant, it's not the bounty hunters it's the project if failed to move up to adoption because it has no good contribution to the community and the platform is useless, if you create a car, you don't blame the sales men if they cannot generate the sales because the car is not running properly, you should take the blame for creating a car that is not running properly.

And remember bounty hunters only gets 1 to 3% of the supply not enough to crash the market

I can't think of anything else right now that laughing out loud  , do you really think that bounties and Airdrop are the main problem affecting projects? I don't think so, haven't you seen many projects that has no ico or Premine that still end up dead? Airdrops and bounties are the fastest way to create awareness in crypto space, nothing can beat this

Everyone in the cryptocurrency communities know that bounties and airdrops have been part of the major channels through which the ICO/IEO tokens or coins projects are publicized to attract investor with the promise of a portion of the token to be paid to the hunters for their contributions.

Before 2016, bounty activities were not threat to tokens and blockchain projects. The bounty hunters also wanted to cash out huge from a campaigned project as much as the investors. The price bid for a listed tokens on the exchange were always left considerably above the ICO prices and everyone used to be happy.

Fast forward to the ending of 2017 and  early 2018, the music of bounty hunting changed. There were series of hunters mostly from the third world who had no other dreams that just a bread for the day. They just want have something eat able to put  in the mouth. The don't care about the value of the tokens they earned. They just want to sell for any price just to make a meal for the day.

Except the concerned project teams apply many other difficult measures, the dump from the bounty hunters and greedy low buying price bidder can send an ongoing developing project to a journey of no return.

It is time for projects teams look for another viable way to publicize their projects aside bounty and airdrop hunting.