Bitcoin Forum

In this topic I would know if people believe in social mining as instrument of spreading the word about contemporary crypto projects or bounties are still actual?

Company called DaoMaker already arranged some social mining campaigns and successfully finished them. Such projects as Elrond, Avalanche, Orion and some others were on the platform and many people got opportunity to earn a lot for useful work. I earned about 3k$ on Elrond Social Mining without any really professional skills.

What do you think about it and can DAO Maker invention replace bounty campaigns in the future?

https://airdrops.io/wp-content/uploads/2020/05/daomaker-featured.png

Hmm that was interesting, I'm Checking it and Joined after you make this thread (Thanks for information). My First Impression, The UI was really good and looks like it's same with some campaign platform out there (Bounty0x, BountyHub) With Point System, there also Reputation Point which i still don't really know the purpose for the community and for the project it was supposed to give the project the best participants on the platform I suppose? Also didn't know about how the point will be converted to the Native Token of the project.

So far it's really good and looks like i will try to make an submission on my first take on DAO Maker (Injective), For now i think MAO Daker will become an alternative and not an replacement. Really thanks for this information mate, Cheers!

I can't say that I'm familiar with the concept of social mining, but as far as I know, there have been bounty campaigns on this forum since the very beginning. Companies and projects will always enjoy the benefits of this form of promotion.

Social mining is effective at some ways for advertising and marketing but I can't say it will totally replace bounties. Companies/projects I'm sure have their own strategies to create successful outcome.

That's very interesting if you have earned that amount through Elrond. It's a big amount to say that it came from social mining. There were projects that have the same algo and became effective for those contributors. But to say that it will replace bounties, I don't think that it will unless the whole bounty community will have a transition and will rely on any project that offers social mining. Instead of thinking of replacement, they can co-exist.

Some people think about the existing of both rather than the replacement.Because the co-exit had a lot of advantage in all field and instead of replacement.Bounty had received a good feedback now and many legit project paying with their tokens and hunters gain some decent money.

Definitely worthy platform and it may increase in popularity next year but bounty campaigns are a lot more then just social media marketing as they involve articles, videos, translations, signatures and other customised tasks and campaigns as well so i do not think that bounties are going anywhere.

Social media and marketing campaigns are another world.

Social mining would be another world!

I'd be to see if they succeed over time ...

Still a lot of scam projects whom their intention is just to seal money from investors who will buy the fake token during fundrise. This platform called DaoMaker sounds really cool by listing tasksfor trusted projects and the paiement is clear.

One last thing, i checked some of those social mining platforms, some of them require KYC in order to get paid but this is not necessary to join and start mining.

Social mining that you are talking about is a limited service with country restrictions and mostly small budget i am not sure how you can even compare them with comprehensive bounty campaigns? Both are different my friend.

Not that familiar with social mining, I only know much about bounty and airdrop, so I can't really predict what the future could hold for both.

I don't know exactly about social mining, but I'm sure this kind of system can't replace bounty. For using this system of course must pay certain costs, and I think not all project will do it. So bounty is the solution, the team just hire bounty hunter for free promotion(paid from their own token)

What about the example of a successful project? It because of the partnership, not because of the social mining system.

Is social mining can be promoted here? If not then it can't replace bounties in my opinion. This community is the biggest and most recognised platforms are far as crypto currency goes, so many project are still going to utilised this community to spread the word about their project through bounty campaigns. So I don't see social mining making bounties obsolete in the feature. Bounties will continue to thrive here no matter negativity it has gotten till now.

Avalanche was also successful Yeah, good partnerships are necessary, but it`s the idea, only good and prospective projects launch own social mining, so participants can be sure they will get worthy reward

The amount that you earned from Elrond was so impressive and it might be alluring for some bounty hunters to give it a try at social mining of DAO Maker. As far I know social mining does not have lots of differences from bounty campaigns it has a limit on the participants that could join in it and has allocations $5k-10k monthly rewards. There is a possibility it would replace bounty campaigns in the future.

You`re right, there are some restrictions and rules there, but nothing can be perfect.
Difference of the budgets is a very big dellusion, Elrond had 6 rounds and pool of every round was about 7-10M Erd, it`s equal to about 80.000 eGLD what is about 800.000$ right now and about 2 millions in the July, when price was so high. The same situation is with AVAX. Everyone could easily earn 200+ AVAX tokens, it`s about 1k$ for now and I know a lot of people who got all these tokens. And don`t understand, in that moment Elrond was already listed on Binance exchnage and some others, AVAX team was preparing for doing the same. So these budgets are big and what`s the most important thing, they are real and have liquidity.

Maybe I earned this amount only because of luck and big hype before Elrond mainnet, which boosted price a lot, but the other example, Avalanche. Everyone could earn there 200+ AVAX tokens as I mentioned in previous answer

It's hard to say. Social Mining only pertains to platforms outside Bitcointalk I think and according to this

https://drive.google.com/file/d/1If09qzgjCv6Qd0epymh8nnZDJD1QUpSO/view

They will ask for KYC. I can say that bounty campaigns strategy is very different from DaoMaker and will most likely not replace Bounty Campaign anytime soon (or never will unless they do something that is very similar to bounty campaign but is more convenient). Nevertheless, you can work on both and benefit from both of them at the same time.

I think both ways are geared towards project diffusion, but honestly I think for DAO MAKER they carefully select projects and if they are not the ones who invest and look for new projects. it will be hard to see it and I think it is not as strong as bounty, because here bounty attracts a lot of participants and it is easier to spread.

It is hard to imagine an organization succeeding and growing substantially every year without an effective strategic strategy advertising is how a business promotes itself and its products and services in a variety of ways. Social media advertising is one of the most effective forms of advertising these days and is embracing almost all businesses big or small new projects cannot achieve development due to lack of publicity but social excavations help with propaganda.

Social mining is very good but let's all stop trying to find replacements, bounties have been around from the beginning and if this social mining is good enough it can co exist with bounties too, ways to earn in crypto space shouldn't be limited I believe so let social mining do it's thing while bounty hunter do their thing too

Any rating can be screwed if you have  enough desire. This is not the most stable system and looks even more like a Scam than it could be.
This may not be the worst alternative, but only if the security of the protocols is sufficient for real stability.

It is possible for social mining to replace the bounty campaign, but I think the bounty campaign will still exist because some projects really need it to attract new investors. The bounty campaign is needed by the team because in my opinion the marketing costs are cheaper and the reach is quite broad

It has already replaced the bounty, personally, I no longer participate in regular bounty, since 99% of them turn out to be a scam, but on social mining I earned a lot and I really like this new approach to bounty!

That's insane reward, I'm just hearing about social mining for the first time and I'm willing to do some diggings about it, if people can make money through high quality projects like AVAX and Elrond it will be a better option than bounties but I'm guessing the rules will be difficult, thanks for sharing this information

Mutualism between bounty hunter and developers, also for bounty manager will continue as long as cryptocurrency exist  ;)

Bounty campaign has been long here since the start of sales, it is the best way to advertise projects but as the time goes by lots of bounty hunters are the cause of downfall of a project because of dumpers, we can consider the dao maker to replace the bounty campaign. Its a new sound in the ear so lets juts observe and learn for a while.

My opinion is only a small part of the method of developing a project using social media as an introduction instrument. Forum BTT, itself is still the first and biggest reference for cryptocurrencies for information, reliable references for developers. One of them is the Bounty Campaign, obviously very helpful and irreplaceable.

When I checked this Dao maker, and found out it was under by the Nem hub Social mining, at once I joined it due to
I know that Nem blockchain was one of the good altcoins in the market and has a potentials to give profit in the future as well.
But, like what everybody said it wouldn't enough to say that this one can replace bounties, maybe it takes more time
before it happen dude.

first of all thank you for your information . i did not know about DAO MAKER before your post . i checked this and found
very impressive . i create an account there and learn about this . plz share your knowledge for help.
if this really work then i start working on this platform.

I see DAO MAKER very attracting the interest of many investors, not just bountyhunter. From what i experience on DAO MAKER, it feels a bit similar to normal bounty and also has very simple tasks, but they provide us with a very quality service and bring very hot projects in the market, i also see investments on projects, DAO MAKER helps projects raise funds to very high returns for investors.

I don't want to compare because each has its own advantages, bounty on forum is still really good and it is still helping new projects and need to focus on development, but for the projects above DAOMAKER are mostly projects that have been successful in this market and are being traded directly on major exchanges. I think both of these are great because they provide opportunities to make money in this market for people who don't like to invest and trade.

Due to the large number of scamers on the BTT forum, both on the hand and on the other, sompanies prefer to promote their projects on their own, ignoring our forum. And the number of such projects will only grow.

Traditional Bounty program can not be replaced since it started it all, DAO Maker might have innovated the way of advertising in a certain project but it requirements a little bit higher of skill sets to be able to participates unlike in traditional bounty you can participate in any bounty program without worrying anything about your status.

Sounds new to me, I was out in bounty for a while now so I really have no idea what's going on in the bounty world.  I like the development, very interesting, but if that would be popular, what would it result, will it take the opportunity of the bounty hunters to earn or it will increase their income?

Honestly I'm not aware of this social mining and how it can contribute to one project and how it can help bounty hunters and projects that needs promotion, you did not mention any project that does social mining, if this is good for both projects and bounty hunters, then it will become the next big thing in bounty hunting.

I earn a lot from social mining  as compared to bounties that most projects are not guarantee of success. If the project failed, you time and effort gone for nothing. In social mining, DAO only listed projects that is unique and most often been traded in the top three exchanges and Binance used to be among them. With this, you are very sure that your labour when rewarded can be converted to any currency of your choice

when a system is eliminated or replaced by force then all will be possible. we will never know-how in the future this community will develop so rapidly. when there is an authority that feels aggrieved then of course a system will be replaced that is safer and more profitable. I think social mining has been running for a long time. but effectiveness bounty might be the best alternative.

Yes, but the problem is that not all project developers want to tie the knot with the hunters, some developers prefer to cheat and use hunters' time to promote their project without paying it, this is what hunters have often complained about.

Bounties already replaced by IEOs to be honest, people are rarely making any money from completing the bounty tasks. And the term social mining looms new for me so I don't know actually how it works but definitely will take a look at this and if it is more convincing than bounties for the project promotion then for sure it may replace bounties or can co exist together.

If indeed bounty project scams continue to occur now, of course, it is possible that many bounty participants will start leaving their work at bounties later, we can see how now bounty participants have spent a lot of time just promoting crypto project projects which the end not pay the participants at all, if indeed the Daomaker company can guarantee the bounty participants to get income from mining in their company, why not? Isn't it that all this time the reason we become bounty participants is to earn income, so, it's not wrong if we can choose a better and sure way to earn income.

This is new for me and I tried to search for information on how Social Mining works. And I find the information here at least.
https://social-mining.gitbook.io/social-mining/

In fact, social mining is done on their platform, right? It means that they should have many visitors and also users that visit the platform. If they combine their social mining and promote also the program in this forum or other forum, it may help. But if they aren't, I don't think that this will work globally. And still, bounties in this kind of forum sill attract many investors to know about certain projects. And there are many campaigns of bounties. So, I think that it will be part of how projects will make their marketing and promotion besides bounties.

I think it may become a decent competitor to bounties, but I will never believe it could replace it completely.

Thats really big earning. When the competence keeps rising, automatically we'll get to see more and more ways of marketing. Earlier it was ico, then IEO, further the DEFI, social media campaigns, youtube campaigns, telegram campaigns, and it counts. As an alternate to these, and out of the Bitcointalk community we've got more other sources to spread the word about specific projects. In such a way social mining is getting its importance.

It isn't gonna replace other forms of bounties. Because, even in bounties successful bounties and failed ones are there. Likewise with time we'll get to know about the success and failed ones with social mining bounties.