Bitcoin Forum

My discord and telegram fill up with mindless bots (or maybe real people) spamming links and 1000%+ ROI claims in order to try to get someone to click on their invite link; so that leads me to the question, do bounty programs really work?

For people who have done them for their project, do they bring in real value?  I am not talking about discord/telegram members, anyone can buy those.  I am referring to real active members that buy or contribute to the project.

actually the bounty has helped a bit in marketing a project, but now it seems that investors are more interested and will get information easily through advertisements on crypto websites or magazines

This is a very controversial issue! If the bounty campaigns were not effective, they would be abandoned by absolutely all projects. But there are a lot of hyped and popular projects that use bounty campaigns for advertising. And this indicates the effectiveness of the bounty.

in my opinion many bounty participants continue to market the ico project and disseminate it without knowing exactly what they are doing, as a result many fake ico projects are quickly spreading and harming many parties, we as hunters must be careful

It is no longer as effective as before. Many bounty campaign participants today are spammers especially on social media and spams are annoying. The reason a lot of these new projects are still launching their bounty campaign is that it is cheaper compared to other forms of advertisement. There's not much to lose.

I barely think any investors would be getting any inspiration from joining a telegram or discord group. Though they might find it easier to get in touch with the official team from the project. The numbers are just to compete with the other projects and adds no benefit to the project itself. Video bounty and article bounty as well the social media and signature bounty may add up if they are placed correctly by correct people.

But what about those icos and ieos are still raising so many funds easily, look at bcnext and how it was getting a big demand after it has been doing a big marketing program. Please tell me your hypotesis before you can take any conclusion about that.

I think the bounty program really works, because information can spread quickly according to the tasks and platforms provided, social media youtube, all using bounty services, even articles and many more types

I think the effect of bounty programs on a project has died down a lot, these days those campaigns are filled with participants using multiple accounts or bots. No project will for now depend on its bounty campaign for real value publicity.

ICOs are things of the past and as I have said "it's no longer as effective as before" in case you missed that.

On IEOs, have you read about IDAX recently on how they are faking the volume just to make it look like a success?
Do you really think also that bounties are responsible for the success of token sales on these exchanges or is it the exchange itself (Binance, Bittrex, Huobi, Kucoin, etc.)?

Yes, I can categorically say that bounty program is a powerful tool to publicize a blockchain startup. A lot of investors do join some telegram groups when they see bounty hunters wearing Avatar and personal text of a particular project. In my opinion bounty campaign is a worthwhile publicity tool for blockchain project.

Any project needs to move in search networks. And the analysis of bloggers who spend it well better than the media. I think great to be cost too much. And since the commercial structure of cryptocurrency, then for the publication of such an article you need to pay is not bad. I think that unique articles promote the project very well. Even the telegram bot makes its profit. Imagine how many public channels find out about the project? Even if the link is 0.5% transition. This will give a significant increase in users in the main channel. Although I think there is another statistic. 0.01% or less.

it's one of the bounty strategies and can also be spam. I only see if there is a link like that that makes sure I will read it and if it is not convincing I will not see it. so it's one of the bounties and work in promoting

i feel the same things like yours. do the bounty program really work well do adverstisement some projects. the facts they just do spamming to their own social media platform only. i dont see any good point there. also their target isn't investor i think. it just their social media bounty hunter's friends only (they have the same activity here)

I might say in my experience with a bounty campaign there are 30% that have work for me and 70% that do not, maybe others will surely have a different percentage as mine did but in my first bounty campaign there is this thrill and excitement but that all have suddenly changed when a bounty has failed to meet up its Hardcap and returned all investment to investors that when the time I had thought that not all bounty will be perfectly executed if there is no further support and we as a bounty hunter is just wasting 2 months of joining it, Instead of joining a great one, But we can really never know if a bounty will be turned out successful or not .

We've helped a few and been part of a few.

They work if the project using them has intrinsic value for investors. If not, it's the project offering that failed, not the approach of using a bounty program.

The desire is that by offering bounties, the project will be discovered by interested investors. The risk is hundreds or thousands of forum replies, blog or social media posts, etc. by individuals who are, in the main, essentially just trying to acquire whatever amount of tokens or coins they can from the overall pot, without really getting invested in the project.

This form of speculative involvement isn't a bad thing in itself. If it saves the project real money and still succeeds in raising awareness to interested investors then it achieves its goal. In which case, the work put in by those chasing the bounty is valuable to the project and worth rewarding. The cost of bounty rewards is just the cost of doing business, no more expensive than advertising and in fact would only be picked up by crypto enthusiasts, so really quite targeted compared to regular advertising.

Making sure the project comes to the awareness of the investor types is the hard work. That requires a compelling project offering to be made and real value to be provided from the project existing. Take Restart Energy Democracy for example; that was a great example of rewards, value and a meaningful project.

So yes, they work, for the right project - but that's always the key to success.

CBF

We still have bounty campaign programs that are really worthwhile and valuable.The way to enjoy bounty programs depend on how one is able to search well for projects that are of good product quality. Most of the times, many of the crypto enthusiasts do fall victim of scam bounty campaigns because of lack of adequate knowledge on what the project entails and who the project team members are. Not all bounty campaigns really work but there are still some good ones. We need to be careful in our choice of bounty campaigns since many fake ones are spreading around. Careful research and proper investigation are important in choosing bounty to participate in.

Yes it really works. They are just using mindless bots in order to attract investors, although that's not a good thing ethically but, they are being used that way. Bounty program really works by putting links to the IEO/ICO site of the project. It's a way of advertising the project itself.

It is rather a luck so to say now. Gone are the days when bounty hunting are very great source of making cool cash. You can even rely on it as the only source of income then. Spamming and different means through which hunters get to make some sales commission are not that alarming compare to now. Even now you can't be sure the major members of a project on telegram pages are not bounty hunters because a lot of project now make compulsory for hunters to also join telegram group. To cut it shot, bounty hunting is not as good as it was but rather a slim luck.

Actually bounty programs really work as they send the message across in a targetted manner but we have to understand that there is no guarantee about funds raised as a result of bounty campaigns, because investors see a range of different things before investing and major factors among them are quality of project and team and the use cases of project so if the project fails to receive decent funds that means investors have not found it practical and lucrative, bounty campaign has done its job by presenting the project to public.

I do believe that bounty programs still work one way or another.
It exposes to audience that are not aware of their existence.
This is the reason why there are a lot of marketing programs via social media.
People are into social media nowadays so those programs are trying to reach out those potential customers or investors.
If they haven't seen any link for that project, would they know about it? Pretty simple logic.

Advertising is the soul of commerce: it makes a product known. Likewise, the bounty campaigns help to introduce new projects related to the crypto world.
Although, in my opinion, perhaps their usefulness has now diminished, but not due to ineffectiveness but to the lack of confidence of the people.

It is interesting that most of the people saying that bounties work are the 'hunters' that are promoting something in their signature.   It would be great to hear from some actual people running a bounty program if they have seen any value add or tangible results of their bounties.

I also think that bounty programs are still a good way to ensure maximum promotion of startups. In this way, many people learn about projects and their ICO. It helps to activate verbal advertising and increase sales. The core value of an ICO is an idea. It is for the implementation of some idea that investment is being collected. Advertising requires considerable costs, which the project usually does not have. And with coins that have no price for it you will not pay!

In our days the marketing strategy thru social media is similar with spamming and my personal reaction is similar with discomfort, angrynes and a general negative state because there are comercial with things that i don't care about it, a good strategy marketing should focus and a specific category of people interested in the field of the project, this is why some bounty brings real money and most of them end with some useless tokens. I hope this answers your question.

In my opinion bounty campaign in recent time only work for the project owners who at the end of the day go away with investors money and that is why many of them choose not to pay bounty participants in Bitcoin or altcoins like ethereum because they don't have money and at the same time they don't want invest in their project but they want investors to invest their money.

I am saying this from the experience I have had both as an investor and as a bounty Hunter.

If they are so efficient as you have rightly said why are most projects swamping to us the services of IEOs? Bounty campaigns have failed mist projects and they have abandoned them for IEOs. How would you compared the 2017 ICOs to what we have as ICOs now? If I wants to forward my project, I would rather use the services of the IEOs and not Bounty Campaigns.

of course, bounty campaigns work.  Bounty campaign helps to increase the project community and this gives more confidence from the investors. I am, as a bounty participant, also often invest in new projects if I see potential in them

Bounty campaigns are essential and are of utmost importance in the dissemination of a project to the crypto community. The roles they play cannot be underestimated, except we feel like not taking cognisance of their efforts.
Had it been that other options are enough, then the services of bounty hunters would not have been required.

Gone are the days that bounties did truly work compared to now but the honest truth about it all is that, it all depends on the sub campaigns under the bounty program, the various platforms which will tell whether investors will join or not even hear about the project.

Initially, the purpose of bounty programs is to help the project team and developers promote their new projects. Working or not a bounty program will depend on how the BM manage and control the bounty. However, so far, it works so much. But of course, it will also depend on the projects itself, interesting and trusted enough or not

of course bounty program is really work, because  bounty program can help to promote a new project and with the help of bounty hunter to promote the new project, then investors will know about the new project and will invest in the project, so i believe if bounty program is very useful to promote a new project to make it successful and I am sure if without a bounty program the project will not be successful, because there is no bounty hunter who helps promote the new project and of course investors will never know about the project.

For me, bounty campaign really works because it bring awareness to the community and it is up to the individual if he/she will participate on the projects. As i have observed, bounty participants are also investors that truly believe in the project and help promote it by join the bounty campaign.

Even though they hired BM to manage such promotion but still can't be guaranteed for it growing marker demand. It is all about how the project it looks like and how developers working on it to look attractive by investors. Bounty hunters participation is just helping to promote their project but we can't rely them for the future of this project.

in my opinion the bounty program is very function to disseminate, news about the project because disseminating information about projects through social media is very effective in attracting investors. Without a bounty program I think the project will fail because there is no news about projects that are on social media

No, bounties do not cope with the task and almost do not bring new users to the project. I talked to one bounty manager and he told me that there are very few people who really respond to bounty hunter posts. Therefore, the bounty is needed rather to just spread the word about the project, but it does not exactly lead investors.

There is a time where the majority of the people who knows and put trust in these project were only few, and only the users of this platform know about it. That time was the time that bounty programs were at its best, simple because there are only few projects that scams or not fulfill the crowdsale. Its high is probably in the last bull run in 2017 as the hype of the masses bubbled the market, but know it is as what you see where there is to much negativity in bounty campaigns.