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I wasnt to do a 10% ETH Bonus for my Token Sale for direct referral. For example if you refer someone and they contribute 20ETH, you would get 2ETH. Is that a good idea for a bounty than can drive in customers?

I don't think that will be the most effective way to run an ICO. When dealing with token economics and funding, you really should get consulting. This is a huge problem ICO's are having, they are pretty bad projects, to begin with, but it makes it 100x worse when they don't have good management skills with the money they receive in funding.

Do you think what Digitex did wasn't the most effective way? They seemed to have had a successful ICO. This is defintely not a bad project.

The project isnt listed on any liquid exchange sites from what I can see. I am not saying the method wouldn't "work" but its not always the best idea. I would have to look more into your actual project. There are a lot of different factors in offering the bounty reward you discussed.

Could you explain some of the factors?

There where many projects came in that way but mostly people will called the free giveaway project as scam. So don't go with that idea even you are in legit way.
Run your bounty program with the hands of trusted manager like yahoo or Lauda. You will be get the traffic and investment returns vyou expected.

So you're seeing that any bounty paying in ETH will be considered a scam? It's essentiallya referral bonus

Better to do a bounty campaign which do have lots of different programs rather than on focusing on just referral system.I wont say it isnt effective but you are just limiting out the exposure considering that only a few will spread out that link of yours for the sake of that 10% bonus.It would be ideal to make bounty which you can able to utilize funds when it comes to marketing.

I plan on doing multiple bounty campaigns, not just the direct referrals. I actually think that Bounties are a great way to get free marketing that will save a lot of money. Do you think this is a good way to market or do you think the paid marketing approach is better?

no one will pay a fiat. long ago, referral links have been made to attract investors.

As far as I know, it's not a good way to get people interested in getting involved in ICOs. But the idea is enough to make sense and also provide enough strategies to count. If you wake up someone gets 10%, of course the amount is very tempting!

I don't think this kind of model is good. If I go to participate in such a project, the purpose of the initial investment has begun to change. My investment is for real projects, not for the commission of a friend.

You're going to get a lot of people who exploit this and it will effectively function as a 10% discount for them. I would advise trying to do something a little different, maybe instead of a large percentage go for a fixed amount.

It seems uncomfortable with such a model, it is sometimes mistaken for fraud. Crypto's world investment is not as easy as we thought, as well as investment in the real world, the possibility that is obtained is its authority.

We are planning on offering multiple bounties to include marketing and advertising on facebook, bitcointalk, twitter, telegram, WP transalations, and other social media platforms. These bounties will paid in tokens. The reason for these bounties as this spread the word about our platform. Less than 3% of our total tokens will be used for bounties. The reason we are chosing this route is because it saves thousands of dollars vs paid marketing.

The 10% bounty in ETH will be paid for direct referrals. This will bring in a lot more people as there will be a lot of referrals as people would want a token such as BTC and ETH instead of a platform token.

10% is excessive. It would make me think the project has something wrong with it.

Even 20% ETH Bounty will not help reach Hard Cap now during this bear market because people don't want to invest in ICO. Wait for new bull run and launch bounty when ICOs will give good ROIs.

I think 20% bounty is to high. The goal is to reward members for referring others to the platform. We don't plan on launch the bounty/ICO until the bull run begins. Right now everyone s HODL their crypto.

Yeah! To me, 10% is not a bad idea so far its not gonna affect the project. They're some successful ICO that gave out more than 10% you just have to have acquire good management skill and always consult the industry leader to gain more experience.

i think that bounty campaigns can teach us a lot of things and we should not tefuse them in our lives but be careful with them too

i am not a fan of bounty campaigns but i know thag we should learn to trust them at least once that webhave checked

Should multiple bounties run simultaneously. For example a token bounty to use on the platform and a bounty in ETH and/or BTC for direct referrals? Why aren't bounties trusted?

Not a bad idea as for me for the ico project. Marketing at the height of you. And there will be an excitement around to get the ethereum that will spur the growth of the number of subscribers. If all projects were thought of, we would have become a little richer for a long time now than now.

I completely agree. I think that bounties are great, however they are only as great as the project. If people don't believe in your project, they aren't going to refer anyone. Who wants to waste time on shitcoins. This project will be all the talks of 2019 and will be transaparent. The Dapp will run everything and all code will be published to GitHub.

Be sure to have a good project because even if the referral bonus is 5% or less, as long as the project is unique but possible, I am sure you can attract many investors. For referral bonus, I guess KYC must also be exercised.

Will that be an instant pay for the referrer after the one who contributes already paid?

This might be risky but could really work.
It will be more than advertising so I guess that kind of payment is enough. But who would do that?
I mean, you need to prove a legitimate project first that will really look inviting to most investors.

I'm open for any system of ICO to gather investors, this referral system is good additional tasks for marketing strategy because there are people who are influencial and can possibly refer investors and that's their skill.

Still good idea though, add to bounty campaign a referral system is good marketing could help the start up company and the participants.

Why not?

But of course the project needs to be filter if it's really reliable and honest good project and not another scam project.

So you will be a investors agent?That you will risk your name for those project ico?What if the project turns out to be scammer things that i am pretty sure will happen?Then all this people will blame you,and for sure all that you may encourage to bet in is someone closes to you?Stop this risk dude because for all you know,ico are mostly scam so find another way of profiteering and not that kind of thing

@xianbits. I'm not going to implement KYC because this defeats the purpose of cryptocurrency. The US and China will be excluded from the ICO. However, members of my team will be required to completed KYC as well as myself. Does anyone else other than xianbits thinks that 5% or less for a bounty will also work?

@danherbias07 The bounties will be paid following a successful token sale. If the soft cap isn't reached, the smart contract will be designed to refund all contributions. A lot of individuals would be participates of bounties if they are getting a crypto like BTC or ETH in return. Trust me this project will be the talks of 2019.

@jjeeppeerrxx trust me, the project will be completely transaparent. The Dapp will run the entire platform and all transactions and holdings will be on the blockchain.

@carlisle1 this ICO will be ran by me. Why would I risk my name if this is a scam. This is my project. I will be required to go through a KYC and my name and team members name will be posted as well once the platform is ready. All legitimate ICOs are transaparent.

lol So many ico traders have been used that method to dump their bonus and that's the worst idea i've ever seen dude. in fact i'm so boring to see a lot of icos are offering the token sale with so many bonus. that was creating so many fear in the price of token after the token sale has already ended.
it looks a bad idea in my opinion. if you are creating a good project and why you should be worried about that?

Yeah, if your projects good I'd be prepared to do that. Still need to have a strong team etc though or it's unlikely to succeed.

@Endikadija the point of bounties are to attract people to your platform by using marketing techniques to spread the word. why pay thousands of dollars for marketing when you can use bounties?

@ethanharris685 does a strong team lead to a successful platform or does the execution? There are a lot of ICOs that fail having a strong team and well known individuals because the idea sucks. In comparison there are a lot of ICOs that have members who arent well known in the community, that executes the idea perfectly and become a huge success. A lot of the popular well known individuals want you to pay them just to have their name on the website. They dont actually contribute in doing anything.

Still whether your project worth investing much more matters otherwise if it is bad project no one will invest in that project, on the other side a good project that can raise too much money would not do such bounty campaign  :)

@trumper are you saying that no successful projects use bounty. If so, prove it? A good majority of the successful projects this year has used bounties including the most pupular in January Digitex Futures. If I'm not accurate, prove it to me.

If a project its the first of its kind and has high interest, why not refer? People want BTC/ETH instead of tokens

For me that's good! Since its kinda huge bonus? but i'm doubting if you get such Investor who's willing to invest that amount in this kind of market situation. With the Ethereum price slides is continue its very hard to find it since people are cautious and wary of the situation. Maybe just wait til the market recover in the last quarter of 2018 if its possible.

Hmm.. I love how active the OP is and I am hoping this will continue even if the ICO already started. Most of the marketing specialists of them ends up getting bored with the same question over and over again.

A pre-marketing is a good thing to make people be aware about your project.
But it could also do a better marketing strategy if you will let us see what it is or somehow a clue to what you will start.

The referral bonus is large and I think it will really be a blast if you could make this happen without a problem.

@masterrex I'm waiting to conduct the token sale in Q1 2019, possible Q4 2018. I'm projecting the bull run wouldve started by then. This will be a sorts platform like none other; the first of its kind.

@Reid The ICO hasnt started yet. I'm about 3-5 months from launching. The idea of this thread to get ideas from the community. Trust me, in do time everyone will know about this project. As a hint; imagine being able to earn additional crypto when your favorite sport teams win or appreciate in value.

In words, they can promise anything. It is necessary that the rules are spelled out and guaranteed. I participated in one project where they promised to pay part of the ETH. In the end, all were deceived.

@louisBSAS what was the platform name and what happened? Rest assured, that this platform will entirely be built on trust.

I remember the bounty company Cardstark, who promised half of the efirium, at will, but paid in their tokens. Although the project is interesting and promising.

Are you running ICO for investing your project or running a ponzi scheme ?
It is not a good idea for pay huge referral commission to attract  investors,instead spend money to show case your project and pitch for investments.Another draw back is referrals my do false/fraudulent  advertising to investors  for sake of the referral commission

It is possible to get the kind of fundinh you require with this strategy. You must however present very compelling and convincing proposal that can attract this kind of funding. The market of cryptocurrency is vast beyond what we can imaging and if we have good proposal that can make money for investors, anything is possible!

@Mr.ZODIAC we will be nothing like that platform. Our referral will be what we set it according to the whitepaper and you have my word it will stand.

@lyfecoin I'm running an ICO for investing in my project. This is no ponzi scheme as my team will be transparent and are required to pass KYC. The project will not be anonymous. We are from the US and due to Security laws we will be excluding US Residents and China Residents from the token sale.

@otunayode this platform will definitely get the funding needed with the right strategy. We are combining crypto, sports, and trading into 1 platform operatin gon a Dapp.

I like the idea,that way you will get some extra investors ,even from bounty hunters that just wanted to do bountys and not also investing.But the ICO must be special and  you must promise to get funds back if you don´t reach your cap to start it.You can´t just get those funds on good idea anymore,your project must be working one or very original

I always have a very negative attitude to such issues. You want to create another Scam? If you have a decent project, bounty hunters will advertise you even for a penny.

@Ferki If the soft cap isn't reached, the contributions will automatically be refunded. This idea is very original.

@bolshojkush Transaparency is key. This project is not a scam

I don't think models like this are good. If I participate in such a project, the initial investment goals have begun to change. I'd better run my gift program with a trusted manager's hand. I will get the traffic and investment results that I expect.

@polyballz Why don't you think this model is good? Can you elaborate on "I'd better run my gift program with a trusted manager's hand."

if you can do that, it will be good for company. many bounty hunters will be hard to do that bcs of several reasons
ofc you will get special bounty if you offer that to company

@stevanGR Do you think that a 10% bounty in ETH is too much?

I don't really like the idea, because people might feel that the project is a not a good project and are desperate to make money, there are other ways you can go about a successful ICO, it's good you consult experts and people who have had experience

@ndico why don't you think its a good idea. What's the difference between paying companies to market vs using bounties. Bounties can spread the word a lot faster and have a better reach than marketers. The way I see it, bounties help you save money. People will only invest in your project if they feel it will succeed whether you pay someone to market or use a bounty.

Be careful with this type of bogus promises by project term or bounty manager. The term are just using it as bait to attract bounty hunters to participate seriously in the referral campaign.

@KINGCHACHA1 I'm assuming you have been scammed by projects that weren't transparent.

With the lack of definition on various issues related to the crypto market, there is no reliable rewards format that attracts investors to an ICO. Only with the recovery of the market can the ICOs be able to be more attractive.

Oh, it's too much to give 10%. I think that this ICO is SCAM. Because normal ICO never gives such big per cents. think about it.

I agree it's best to wait until the market changes

Are you saying Digitex Futures was a scam? Checkout their bounty program.

You're talking about a very high Commission. I believe that the real price for the recommendations is much lower. 1% is itself the system of earnings

Less than a 1% referral?