Bounties are STUPID

[everythingforsale]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

It seems that 2% is very low but if we will say that we gathered 30 million dollars, than 2% of that would be a really nice amount, it would be $600000, and if we will have 600 of participants it mean that every guy would take $1000.

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[BraveSaw]

They are not stupid, bounties allow to spread info about project among target audience. This allows to increase income during ICO period... And 2% of coins is not a very big price for that.

[CaptainKid]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

For the first time I hear such discontent about the campaign bounty. I'm curious, what do you suggest? how do you see the situation differently? If the campaign bounties spend and allocate funds for them - then it's profitable.

[VclDm]

Depending on your choice of bonus campaign, it may be that in the future bonuses will be one of many campaigns, because we only spend time and effort to earn a living.

[bitc0000]

Do you think that 2% for bounty is less? 2% is really much for bounty. Try calculating. If the ICO reaches a maximum of 30000 ETH. They will spend 600ETH on the bounty. That's a big number for ICO advertising. Most pool for bounty is concentrated from 200k usd-500k USD. If the ICO has a higher bounty pool, the risk of scam is huge

[jonas5222000]

Some of the bounties was turning into scam and not at all or trash ,so you need to take a research about the project that you wanted to join,this is to prevent wasting time by reporting and working on their project,so be strictly and choosy about the project that you wanted to join.

[eugenefonts]

Bounty programs are use to reach out and promote the ico project all over the world. Those bounty hunters have a big role on an ico project they are the fast way and cheapest way of spreading the word of an ico projects so dont under estimate bounty hunters and dont say stupid to them. I do bounty huntings too but i see to it that all my post are not shit and spam post and i dont sell my reward tokens from my bounty campaigns because i only choose quality projects over quantity.

[jamota]

This is a very risky business, I mean a gift. You have to be careful when joining some ICO. Anyway it's very profitable for developers. You do not have to pay real money and after the success of ICO, most of the prize hunters will sell their tokens and developers can buy them at a discount. After all this is a win-win situation for developers, but not for reward hunters and investors.

[thanh2302]

This is probably a competition between competitors in the same competition to receive as many rewards as possible. But if you do not want to hold a contest to promote your project, you will have to spend a lot of money to promote your project in the old format.
In addition to that, the bounty campaign also gives the project a real community instead of a deserted sky

[TharuMax]

New ICO projects do bounties because of free marketing purposes. Usually less than or equal to 2% of sold tokens allocate to the bounty campaigns. I also engage with bounty campaigns and earn some money without any risk if they are not scam projects.

[Coroline]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

it's part of the advertising to market the project, because it's always been there before, so it's perfectly legitimate to me, and that's only 1 or 2% is given, so it does not really matter for the token price or the project coin, and if problematic at least a few days when coins / tokens are awarded to the bounty hunters

[Ledy Alise]

12% is the average figure for any advertising campaign conducted in the 21st century, and this is even less then in 20th century, when advertising companies threw 30% of all profits. So 2% allocated in to campaign is very small investment in to advertisement, I think.

[dsaijz03]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

Your problem exists long time ago because almost all ICO’s host bounty campaigns to attract investors becaiuse of it’s cheap price for advertising their program or project. Bounty hunters are not the actual problem but it’s the ICO choice to handle some campaign for their promotion. Bounty hunters are big help to promote the bounty project and these people are dedicated to their work and they deserve that 2% that you are trying to take away from them.

[AltcoinsBattle]

12% is the average figure for any advertising campaign conducted in the 21st century, and this is even less then in 20th century, when advertising companies threw 30% of all profits. So 2% allocated in to campaign is very small investment in to advertisement, I think.

If these 2% will give the same effect as the 12% of the advertising campaign, as you indicated. I think the effectiveness of these types of promotion is different. Bounty is chosen because of lack of funds for advertising campaign.

[Sniper76]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

Nobody prevents developers from paying bonuses to members of the bounty campaigns in the ETH or BTC. But after paying their rewards with their tokens, they do not spend anything out of their own pocket, for them tokens are worthless.

[LankaJay]

I don't think that the bounties are stupid. Hunters are trying to sell their received tokens with the current market condition and other reason is they are not sure about the project. They may think that they will lose everything if the project is dead.

[iAMawi123]

In my own opinion, bounties are actually a great way to help the company to spread their exposure in different kinds of media.

[Bttzed03]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

You made a valid point. Bounty campaigns for me are like the "word of mouth" type of advertising. Not only the cheapest but it is an effective form of promoting products of projects. If not bounty, what is the better option for you?

[Flor1982]

What's the point in distributing 2% towards bounties??

Those people will flip the tokens as soon as they get them, and it's usually much less people than it looks like due to multi-account.

Also the quality of the post is very low even for hero and "legendary" members.

If I had a coin I would never ever distribute part of the tokens towards bounties; I'd see that as a kick in the nuts to legit ICO participants.

It seems that you hate bounty specially signature campaigns but you are wearing a signature so how will you define your hate for that? Bounty campaigns still exist until this day because it was proven to help the ICOs in which they are not oblige to give the rewards if the ICO is not success but if they will just rely on FB and other advertising companies then win or loss of course they will oblige to pay first before the services.

[Bttzed03]

I also find it ironic that someone saying bounty campaigns are stupid is also wearing a signature. I hope that the poster is not participating in a signature campaign.