Hello guys... I m newbie. I would like to ask how to participate in bounty?
Thank
WHAT IS BOUNTY PROGRAM AND HOW TO PARTICIPATE
When we talk about a booming market strategy, it would be wise to mention that as much as deep penetration is the goal of the same. Through this, an array of people get to know about the services of a certain company, the products they're offering and what not. Interacting directly with a company's services or products is vital for a marketing strategy to succeed. Benefit? Well, worth of mouth publicity is attained which is pretty crucial when it comes to attaining the much-needed growth. Hence, we can say that Bounty campaigns are that crucial part of any promotional or digital marketing enterprise which can ensure ample publicity blended with promised business growth.
*** Bounty Programs & ICO:
In today's digital world, bounty programs are becoming more famous than ever. These types of promotional techniques emerged from the likes of the online gaming merchants which used to reward points for the purpose of participating in game development. In simpler definition, Bounties are that rewards that are usually offered by a company to an individual, these are more like an incentive. In other words, a company produces a product and offers an array of rewards to people around the world against the tasks which a user is required to perform.
In the Bitcoin Cryptocurrency scenario, bounties are breaking all the stereotypes by becoming a significant part of various ICO campaigns. A start-up today tends to lean towards a bounty mechanism when it comes to their ICO i.e. Initial Coin Offering campaigns. What companies with the help of ICO do is, they make the end-user to perform tasks like bug reporting, cryptocurrency framework development and even the online marketing of the same. Well, what comes as a fascinating fact is that, companies then reward the user with crypto BTC tokens or even the fiat currency.
If you're looking forward to a conducive environment, especially when it comes to making easy cryptocurrency, bounty programs can be your out of the box pick. Reason being? Well, a great and lush array of rewards are available for both, crypto-start-ups as well as individuals participating in the bounty campaign.
*** ICO Bounty Program Framework:
There are generally two types of bounty programs when we associate the same with the world of ICO. Both Pre-ICO, as well as the potential-filled Post-ICO bounty programs, are a vital part of the picture respectively.
- Pre-Bounty Programs:
As the name suggests, pre-bounty programs are performed well before the launch or announcement of an actual Initial Coin Offering. The purpose of conducting a pre-bounty campaign rests in the fact that how much buzz is there going in the market. Also, these types of programs are helpful when it comes to creating a bit of awareness about any new crypto ICO amidst the Blockchain market. Thus, what is obtained in the end is the mouth publicity. Crypto companies and start-ups make use of informal advertising mediums to achieve the prime goal of absolute market penetration. Hence, we can deduce the pre-ICO bounty programs to the simple fact that, these are all about making people undergo and execute certain tasks which benefit the company significantly.
Activities resting in a Bounty Campaign of pre-ICO type:
1. SMM bounties (Social Media Marketing)
This segment includes the listing of activities that are used to uplift the ICO on an array of social media user account of the concerned participants. Rewards are generated by the company which further depends on the level of social marketing campaigns a user leads. Retweets, shares, views, comments and even the likes are counted for the same. Major social media platforms like Facebook, Twitter, Instagram and multi-media channels like YouTube are a preferred choice for the bounty programs to initiate.
2. Blog or Article Writing:
Are you a participant with a significant number of blogs all over the internet? Well, if you have a follow base then we have a good news for you. As an article writer, a user can write about the company's ICO in their blogs and can further promote the same with their writings all over the net. This is pretty similar to any social media marketing campaign bounty, the difference is that, rather than sharing or liking any posts, you're simply writing an article about the same.
3. Signature Bounties of Bitcointak:
This is one of the most famous bounties, especially when we talk about various famous bounty programs in the crypto world. The platform is available to the participants associated with the forums like Bitcointalk. Hence, participating in a bounty program is not difficult. The Initial Coin Offering produces a signature which contains an embedded code in it. Further, stakes are determined by the ranking any participant gets. What comes as an important fact is that a majority of bounty programs around the world take-up the participants who are on Bitcointalk, plus those who're Junior members on the same.
- Post-Bounty Programs:
Post-bounty programs are introduced when Initial Coin Offering has been achieved plus all the required funds for the development of the same have been raised or collected. Now, further, it's all about the game of making changes and improving the crypto projects varying from community to community suggestions. Thus, we can deduce that post-ICO bounty programs are entirely based on the feedback of the users from any project community.
Regular Post-ICO bounty programs that are available to the enthusiasts:
1. Bug Reporting:
What would be better than a bounty program which not only pays well but also increases the skills of the developers? Bug reporting bounty programs are pretty standard & are most famous. Under this, a user finds and rectifies critical bugs for the purpose of making crypto platform or deployed software concise & advanced.
2. Translation Campaign:
Are you good at translating? Well, this type of activity involves translation of all the documents related to any crypto ICO project. What comes as an added fact is that, users can also moderate an array of diverse forum groups in the same. For all the regular speakers of the languages like French, Japanese, Spanish and more, an added advantage, as well as the token sale, is achieved under this. As a translator, you'll be responsible for carrying out the tasks like the translation of white papers, ICO documents, crypto websites, Bitcointalk ANN thread respectively.
We can say that there isn't any specific classification on which types of activities should be included in a pre-ICO or a post-ICO campaign. It solely rests on the discretion of a Cryptocurrency ICO company. They might even offer tokens of Ethereum to you. Also, it is petty usual for any crypto start-up to declare and reserve a portion of their total coin reserve chain for their bounty program. As a participant, you can obtain the much-needed crucial information on the company's official website.
*** How to participate in a bounty program?
As mentioned above, bounty campaigns are one of the most enticing ways to associate with the crypto market and earn tokens. The commodities in the form of tokens further hold immense value and the same can be traded for the fiat money. It can be seen that the activities involved except the debugging (under the post-ICO bounty) in the world of bounty programs are non-technical in nature. Hence, a majority of crypto enthusiasts around the world can participate and leverage the offered potential.
Users can simply look-up on the internet about reliable and famous bounty programs. There are sites that will list a dedicated list of ICO bounty programs. Users can simply check the eligibility criteria and the activities listed to be executed under the program for greater good. Hence, you can get yourself enrolled in a pre-ICO or a post-ICO bounty program with added ease & earn rewards with every share, every like or every article you like.
Therefore, as a bounty hunter, you're telling other about the projects undergoing a certain bounty program. Plus, you can also find people who might be interested in the same. Signing-up for an ICO bounty program is easy. As soon as you associate with a program, you'd start receiving links that can be easily posted to your social media accounts, further the success depends on the number of likes, shares and other social reaction amenities. Also, it depends on your writing or debugging skills how well you might execute the task assigned. You can earn anywhere from 0 to 4 points per task.
