Bitcoin Forum

So, I was wondering if anyone has an opinion on current bounties and airdrop as an element to help projects. I have a thought that it does not help to attract real users or investors who would invest to a startups that want to raise money through token sale. But in case of existing projects that already work with crypto and have their own coin on exchanges is a different story. What do you think about using bounty or contest for a project that is working and have its coin on exchanges?

I think the bounty thread is very helpful to the project team, but the air drop is not very helpful to the project team.
Most of the time, air drops only attract people to sell tokens, and even negative publicity for the team.

You don't need to do any airdrops if you have your coin listed on exchanges, Promotions such as airdrop/bounty is for the fundraising part of the project and once you list the coin on exchange you're good to go. Bounty promotion is good for ICO's to attract more investors and have more exposure.
Yes, Most of the times doing useless airdrops is wrong since people can see if the token is a junk or not, Sometimes it is the best marketing strategy and it has worked well for a few projects before.

I must agree with you here, but what about projects that do contests for their tokens? And they are listed on exchanges, would it be bad for a project?

I think airdrops were ok in 2017, early 2018, but now its useless and if you list your token on an exchange it can fuck it up pretty hard with all those people who got tokens through airdrop.

in my own opinion, airdrop is only for attracting free coin seekers, if to increase sales I do not think, different from bounty, they work to advertise an ico / token. so in revenue, airdrop does not really help ico sales. hope it helps friends

Now i see very very long bounties at about 12-16 weeks and very small pools for participants at about 200 000$ for all bounty campaign per ICO. I think bounty soon will die bacause we've got a lot of users and small pools now.

Yes, bounty job is harder now. More participants long periode 2 to 4 months even six months. Low price after ICO. The worst thing of ICO now is not transparant about the investment address. That is why bounty or ICO will take longer. Investors will not interested in closed funding. They prefer open audit funding so they will see the progress of  the ICO. They claim they reached hardcap.In fact the market price is lower than ICO price. I think the dev lie to investors because impossible the price under ICO for long time.

The question is when will bounty die?

For me my current bounties are very great and I hope the price of it will pump up. Then I keep supporting it until the end because I see all their potentials. And I think this projects will be on the top soon and I will not regret joining on it.

I think bounty will never die, any ico project or already on the market will still need promotion for the progress of the project. Bounty will increase the popularity of a coin, and will certainly increase the number of communities that will have a good impact on the high demand of the market.

I am confused by this but in my opinion bounty little help for promotion and rest is used for benefit of the ico for example increase the volume of trading, giving their investors the opportunity to buy coins at a low price because usually bounty will do dumping the price is pretty, contest or airdrop almost like bounty but not very helpful in promotion

Or nobody would buy coins at all, it's really depends on project itself.

in the current generosity, betting and contests there is a lot of scum and a lot of tokens that are not traded and are not supported by anything, there is no responsibility

Bounty is a great way of helping their project to be known to others..not all people are aware of all icos..once bounty campaigners posted link to pages and social media account,people will see it ,check it and invest it if they find it a good and legit project..airdrop is a way of giving thanks to their supporters..its also a way of building  a big community.

Reward is very important for a project to promote, compared to a successful project is also the need for marketing. Right, and the airdrop. A short period of time can also absorb a lot of people. The current popular vote is on the exchange. It's a reward, too.

just found out that one of the oldest icos Humaniq does some sort of contests in order to attract new users https://blog.humaniq.co/new-humaniq-quiz-win-a-prize-and-guess-what-exchange-to-list-hmq-will-be-the-next-one-36a43a5aa657

I guess if they do some sort of contests, it means that it has its advantages.

I think that the bounty program is a very valuable tool. Somewhere on the expanses of the forum, I saw a topic, in which describe in detail the algorithm of operation of the bounty program (its value).

Can you share the link?:)

I also believe that Bounty campaign is very useful for the project. It attracts many people and potential investors. Airdrop - also attracts people, but often spoils the reputation of the project, so I think that airdrop has a bad effect on the project.

from the perspective of my bounty or airdrop support is just a gift from the project.
to attract investors to the project should be able to give full confidence about the progress of the project later ..

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I spent 1.5 hours to find this topic, but unfortunately I did not succeed. Apparently it was deleted (or I was looking badly). I'm sorry, but there will not be a link.

Well a lot of projects, i might say. that after the distribution.
hunters will leave it, and no more marketing strategies for the project.
its quite sad, specially if the project has its really project behind the crypto they offer.
so i think a bounty or contest after the release of the crypto.
its good for the project and for it to continue and still get support from a lot of people.

The airdrops are just another means to sell tokens and nothing else. In fact they are just nothing but a bad buzz. The bounty on the other hand, is a good thing.

I think that the bounty campaigns, if they are organized and managed well, bring new investors to the projects because they do a lot of publicity with reduced costs compared to most of the other advertising channels. It would be a good idea to organize bounty campaigns for projects already in place and with their currencies in the exchanges, I think it would encourage their growth

I believe it's good for them to gain more popularity. Especially starting here in bitcointalk is a great idea because most of the users here are of course very interested in crypto and they are target market for these campaigns.

Doing bounty for a project that is already on exchanges is very nice on the condition that the bounty is not a scam. Most airdrops and bounties of prokects already listed in exchanges have been discovered to be scam at the end.

Current bounties are pretty much helpful for the ICO project since it will get many advertisement in each thread here in bitcointalk. So it will get alot of potential investors. In Airdrop there are alot of airdrop right now because it is mostly use to get alot of member in telegram account.

The contest, airdrops and bounty projects are going in a mess. There are thousands of airdrops and contests which are a complete scam and for only cheating and getting benefited. Bounties are often good as many offers legitimate return for the assigned works.

Some companies conduct airdrop so that it might help in mass adoption but the truth is it’s better to burn the unsold tokens rather than giving them on air drops. Air drops reduces the price of each tokens. Also the bounty programs aren’t much helpful these days since crypto market is very volatile now. If you are looking for airdrops then try storm token and if you want to participate in contests or activities for tokens then you may try Refereum.

Undoubtedly, the bounty are a great way for the team to get more work and to be more active. Sadly, the same cannot be said about the air drops. They just bring a bad buzz and are mainly there to sell the tokens.

Why should i not advertise such a project? I prefer to do advertising for a project in which the coin already exists on exchanges. In the current case Bitcore. If I make advertise for a ICO where I do not know afterwards whether the token is worth something that I get as payment, i don't feel comfortable. At least I know what I get. I find that somehow better.  ;)

I also think that the bounty today is a profitable process for all. And as for airdrops today, this process has lost the trust of people, but still there are people who constantly record on airdrops. But this is a very slow process and to a large extent it is a dead end

Bounty is an advertising campaign in which users themselves participate. For a certain fee, we distribute information about the product through the network and draw public attention. If we do not attract investors, then we attract other bounties of hunters, and they, in turn, may already be interested in investors. I believe that this mechanism is still working effectively.  ::) ::) ::)

Today's bonuses are low for hunters as there are too many participants, so they will no longer be attractive to the market.

I think it`s good idea, but projects have to good pay, not 1$ for month work (I gad suck experience with exchange).

Bounty campaigns worth dealing with them. But here it is necessary to be able to choose excellent campaigns. Airdrops, in my opinion,  just not worth the time spent.

One of the important parts for success of a token/coin is adoption. And airdrop and bounty are a way to increase the number of userbase.
From bounty they are not only advertising the token but also increasing the number of its holders.

I think bounties are still needed to create buzz / awareness about a club. Airdrops used to be effective in the past, but are mostly useless now.

I think the bounty thread is very helpful to the project team, but the airdrop is not very helpful to the project team  because most of the time, air drops only attract people to sell tokens, and even negative publicity for the team.

Those who want to invest in cryptocurrency projects have become much less. Bounty campaigns are limited in the budget and may soon disappear altogether.

Airdrops are not what they used to be, last year airdops are both beneficial for the developers and bounty hunters, this year is not like last year. But other bounties like content creation or signature bounties are still essential and a must for the developers.

Bounties and air drops are ways of advertising projects to attract investors. Some of the bounty hunters themselves are investors and they use their experience to determine the good ICO's to invest in. I think it is a good way of advertising campaigns but advertising can also be done on famous websites.

Bounties are just okay at the moment, they seem like a good way and unexpensive way of of promoting a project while also distributing the tokens, airdrops on the other hand seem kind of rubbish at the moment and I prefer to avoid them for now.

I think if you have your coin listed on exchange then you don’t need to do any airdrops or bounty. These need to do if you want to raise your funds.

I agree with you, the bounty campaign program is very influential for the success of the project. The more bounty hunters who participate, the more chances that the project will be known by many people. indeed, some bounty hunters also invest in projects that they think are good.

Bounty is a good way to promote for ICO projects and airdrop is for building the community. But these things need when you are in fundraising level.

I would say that a big fact that it would help people who is not an investor but a person who want to earn money and find a job. In which by joining contest from the ICO which they can earn more from contest and airdrop.

Like this situation when you join a specific bounty and the same time found out the ICO got to have contest and airdrop you could earn more.

2nd situation if you are an investor and like to earn more you join the contest and airdrop and in addition if you want to work even your an investor you can join the bounty, if not it is okay.

Also yes, sometimes people get attracte to airdrops and contest and not an investor, still the same time you ICOs get bought investor, a bounty hunter and an airdrop/contest hunter  :D

I think the current bounties and airdrops are bashing and smashing the reputation of cryptocurrency to the ground because of all the scams and stupid idiot scammers

I think airdrops and bounty contests distracts us from the main project and it's concept. Though it is true that they can be profitable for many users but the process or the phase, as they call it, looks very unnecessary for a ICO project to carry out.

In recent two months i ahve joined more than 100+ bounties, airdrops and contests but believe me only 20 to 30 projects were come to be a true and honest one and  other are scams or fraud ones or you can say Liers who share fake claims and crap value project or tokens which are really useless to participate and totally time of waste. This was a eye opening experience for me where i came to know the true and fake things about the airdrops and bounty contests.

I think the bounties ,airdrops and contests it is a important for any project to be successful  and to rise fund of project.

The best for the marketing is signature bounty. Here on btct are the potential investors and I think that the influence on the people on social media is very low, here we have many people interested in investing.
Airdrops are nonsense in my view.

Airdrops, bounty campaigns etc are for more people to join and know about the ICO. Which is definitely very important for the ICO to reach new people. However, these phases are absolutely unnecessary and plays no significant part from the side of a investor other than wasting their time.

I think that airdrop and bounty are still lucrative and profitable. However, there are just too many around that you don't know anymore which is legitimate and good and very profitable, or just worth doing

Yes, I agree with you. Most of the members here, find the ICO's who are doing airdrops are shitcoins. After all these reviews, most of the people won't bother joining airdrops. I think it is better to have a signature campaign than airdrops.

In my humble opinion bounties are experiencing the last days of their. Very soon I think ico's will discover that bounty campaigns is not that effective as they thought about them. And so they will rediscover some new advertising ways.

The main attraction of bounties, airdrops and contests is that they let you gain exposure without spending any of your own money. If you have a couple hundred grand kicking around you could always spend your money on a targeted advertising campaign that would give you much more control over the messaging and offer a better ROI on the money involved. But since these are start ups they are willing to award some of the potential gains from success in return for people who are willing to work when the work may come to nothing.

Advertising engine progress. Without advertising it is very difficult to learn about a new project. I regularly go through the links in the signatures of other forum users and so I'm looking for projects for investment.

What I think? I think this is a good way to make money and gain a lot of experience

It's right! If bounties, airdrops are conducted, it means that they are of some use to someone. It's not for us, bounty hunters to talk about this! Do bounty campaigns attract investors? The answer to this question can only give bounty managers. I think if the campaign bounties are held, then they attract investors!

Bounty can help both new ico and coins that are already existing in the market, for new ico, it will create awareness for people to invest in the project and for the existing coins on the exchanges, it will make people to know about the coins and their project, it's not really about the market price for the existing coins, it's about letting more people to know about their project.

Bounty creates noise around the project and scalability. It is certainly important that the project be in sight.

I believe bounty is more helpful in promoting the project. However, airdrop has lost his charm now and I do not find the contest to be that useful either.

I also agree that airdrops are worthless but bounties are quite good for ICO projects. Though bounty campaign has some ups and downs but still it is way to much better than airdrops.

I think that they are really great options, especially for those who are seeking to get a few more earnings by the side. however I do not really fancy the idea of contests cos I mostly feel that these things are rigged most times, and a lot of persons are also never lucky with these things, and as for bounty and airdrops, they are not really as profitable as they used to be a few months back.

I think that bounty time comes to great changes. Too many participants come into the campaign and too little reward they receive. This situation is either self-regulatory or will be taken by the developers of the ICO.

I think that while they have been really great options, it has recently almost become a waste of time. many of them are not so profitable anymore. There are too many participate, a lot of them with multiple accounts, trying to enrich themselves, and some do not even payout at all, especially bounties and airdrops. Contests are even the worse, I have never heard a good story to tell about them.

They are all good ways to get money in the market. I only have a problem with the countless number of scam coins in the market that are trying to use bounties, airdrops and giveaways as a means to scam people. Let's not forget the ones that try to take peoples sensitive information through kyc which they can then sell to hackers on the dark net for money

I think with bounty the project will has a good community and promotion, for airdrop it will be a good for token to increase their volume in exchange. But, the important thing is don't give too many allocation for bounty and airdrop.

It would be a good idea to organize bounty campaigns for projects already in place and with their currencies in the exchanges, I think it would encourage their growth. I think that the bounty campaigns, if they are organized and managed well, bring new investors to the projects because they do a lot of publicity with reduced costs compared to most of the other advertising channels.

for me it really helps. the page creates the activity of living people and not bots. a bunch of reposto and posts creates a good appearance of interest in the project. I myself often look at people in signatures which companies they advertise. and it is much cheaper than regular advertising

Airdrop and bounty are still important for ICO to promote their ICO.

Bounty Now many of the payments are deferred because the ICO is also on PAUSE.
Airdrop is only a waste of time because there is little distribution.
The trading contest must have a lot of capital with a lot of Bitcoin too.

I also feel that joining bounties and airdrops is a good way to make a profit while deepening the knowledge of the crypto world.

indirectly discussing in this forum will increase our insight into the development of crypto currencies

Current airdrops are mostly less lucrative than last year and also %95 of them are worthless. But bounties differ, if you find a good one, you can earn lots of money from these bounties.

too much noise or excessive hype...efforts could be better channeled to working on platforms/service and slowly gaining real users...

Mostly, airdrops isn't the helpful in a major way. Most airdrops are scam and I think it is not good to just rely on it. It is still better to join bounty Campaigns and invest in Cryptos to earn money. Hardworks gives bounty hunters the opportunity to see the future. While airdrops let us see it without the assurance of having it.

It's hard to earn in bounty, so much more in airdrops. It will be a good sideline only for now, as long as we enjoy what we do like doing reviews and sharing our thoughts. But we need a stable job since not all paid now.

I consider that bounties may be the easiest way to enter the market without any investments, but it also may be pretty chalenging expirience for newbies to find reliable ICO.

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the bounty market is now in the same drawdown as the cryptocurrency itself, as soon as growth begins, so immediately increase the income from the bounty program

In the last year, the ICO teams seem to be doing everything possible to discourage investors from buying their tokens and a desire to join their bounty hunters to advertise their projects. This is a complete KYC test, which is sometimes impossible to perform, even if desired. In addition, such KYC checks, as a rule, began to be carried out after the completion of the ICO without any preliminary announcements, it is not always possible to learn about them in time. In general, everything is done to ensure that bounty hunters do not get tokens they earn. There is another form of fraud on the part of the ICO team.

99% of aidrops are fake. There is even a topic, which consist huge amount of fake airdrops, so I do not waste my time on this kind of activity.

Mostly airdrop is not worth anymore. You better do bounty where you can find project that has potential to stand in the market and support it on the  development, with effort it will be worth to wait for good reward. It is much better to do to let everyone knows about the purpose of the project for more investors to support it too. Both are gaining trust to people and let them know that there is new coin that can Aldo have potential in the market where everyone could gain profit.

the results of the bounty and airdrop for this year have results that are not encouraging. even many of those results into a coin die and have very low prices. with this happening certainly makes much of the bounty hunter felt disappointed with the existing conditions. the result of the bounty is expected to be difficult and this is also of course because of the condition of the crypto also under unfavorable circumstances.

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To some extent, bounty campaign is still of benefit, but for airdrop,I guess is not really attractive anymore.We have seen contest that have been a success,if properly handle it can benefit a project.

Bounty company is very useful for attracting people and recognition of the project in social networks. But in Airdrop I do not see much sense and I think that soon this kind of promotion of the project will soon die.

Contests are not fair and now it is competely obvious. As for me, teams usually use contest to send money to their friends and relatives without being noticed.

said who is aidrop and bounty has no influence, it's just that for beginner investors it is clear they will be fooled if they see a project from an aidrop or bounty method. in my opinion airdrop and bounty still have an important role in project development. because there is no successful project without the help of others

If the bounty would help the project to develop, it is worth effort, but I do not think that it would help to attract new audience, because newbies do not like listed tokens.

I think that bounty can help ICO project prospects for the future, spreading, volatility, and even help to create positive results.

there are few people who like airdrop, in my opinion, airdrop often gives us shitcoin.

In the bounty it is useful to participate for common development, we get acquainted with the concept of projects, if we read the white paper, find out how a particular product works, my opinion is an invaluable experience for beginners in the world of crypto.

Unfortunately since the markets are quite low right now there aren't much interest in stuff like bounties or airdrops, right now people are mainly using their money to either collect as much bitcoin and ethereum they can or just keeping it at fiat so that creates a less demand for any new ICO which also means there are less bounties out there.

As long as the market stays low there aren't many new ICO's coming up with promises because they know they will not gather enough money at all and they won't be capable of getting enough funds for it. Without funds they will fail and they will not be capable of paying the investors back and that would create a whole new level of legal troubles. People don't risk that and since they don't risk it there aren't many new bounties and airdrops netiher.

I think that this industry is still too young. We need some time to make ourselves stronger and more stable. It will take 5-10 years, but crypto currencies will never die, because they are going to revolutionise the world one day.

I think you waste time doing free staff like bounties.
And I waste time as well, there is a hope for better future,but all of us are facing reality and it is not as sweet as it seemed to be

The crypto market is not as sweet as it was last year and things are getting hard for everyone. And for bounties hunters, when the market falls, the ICO will not be interested and of course the bounty will fail. No one can make much money in the market at this stage

I believe that the reward may be the easiest way to enter the market without any investment, but it can also be quite time-consuming experience for newcomers in search of a reliable ICO.

You don't think that it helps to attract investors?

If it's not working then these bounties won't multiple in numbers if the first ones didn't succeed. These are types of marketing so as long as it's helping to expand viewership of the project then it actually helps. That adds numbers of traffic which is what these projects are aiming.

I still can't figure out why all projects depends on market conditions, what about those projects with no ICO? I joined a bounty with no ICO called OriginalMy and I got paid ,the project has no ICO and infact  the token price is very stable even in this bad market ,they should stop making excuses as if it all depends on market conditions ,if you are sure of your projects you don't have to worry about market conditions. And about those bounties that won't pay after bounty ended it means they are all bad projects anyway

If generosity will help to develop the project, it is worth the effort, but I do not think it will attract a new audience because newcomers do not like the listed tokens.

I think that a lot of bounties are scam, because the projects are unable to reach their funding goals. Thats why the TGEs are getting postponed and the hunters are left without any payments. Sad but we need to face the truth.

They have been around for a long time, and I don't think there is anything wrong with it. I am currently doing bounty activities.

Contests are unfair, and now it's obvious. As for me, the team usually use the competition to send money to friends and family, while remaining unnoticed.

Rewards and airdrops today are nothing more than a hoax in the hope of attracting more users to their projects.
Against the background of such a market, who will give you tokens just like that if there are only losses everywhere. Over the past six months, in my opinion, not a single airdrop has been paid yet-a continuous spam and deception. Do not get fooled by this - people want to promote their project at your expense.

If you're trully support the project, there is no unfair casses. We know that bounty ,airdrop,etc are kind of marketing strategy that being implement by the project owner.
If you want your project ,success then you need to work with your heart not with your ego ( want get paid without hard work )

Bounty can help both new ico and coins that are already existing in the market, for new ico, it will create awareness for people to invest in the project and for the existing coins on the exchanges, it will make people to know about the coins and their project, it's not really about the market price for the existing coins, it's about letting more people to know about their project.

in my opinion, the above things are something beneficial. from the above things I liked bounty campaign. fit for work. We'll get the wages of our performance that would normally be assessed on a weekly basis in accordance with the deadline of the project that followed. This is interesting. without out our capital can have the coins.

You perfectly noticed about the existing coins. I think that the bounty companies should be aimed at attracting the audience for existing projects, but not for those that have not been created yet

According to me bounties is quite an important role in introducing a project to the wider community. And with bounties it will have a good impact on the project community, without a project community is difficult to develop, if it's about airdrop I think the project is less promising because a lot of tokens go into market.

the bounty will continue to exist and it will be helpful for the project to be great for attracting investors. but maybe that makes the bounty is quite bad because many are throwing out the results of their bounty at a pretty low price. but the obvious without the bounty then ICO would not be able to run smoothly.

99% of the aid are counterfeit. There is even a subject, which consists of a large number of fake airfields, so I do not waste my time on this activity.

I think all of them aren't good enough due to market conditions.
You know, ICOs didn't collected a lot for last 6 months, so market is really hard.
My opinion is that new formats of bounties will be applied, like Aergo bounty, there was high quality contest with several rates of allocation