Bounties are STUPID

[ninobtcx]

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.

[1713960760]

1713960760

[1713960760]

1713960760

[1713960760]

1713960760

[Grim149x]

Often times it's less than 2% but I do agree that most probably sell them immediately and maybe a lot of multi accounts.

Maybe because it's the limits of their brains or can even be because of they are sold accounts.

I think that often times it's worth it but there are times that things don't go as planned or maybe too much allotment to bounties.

[KS03]

The question then is how do you get cheap labor to spread the word regarding your product?  I don't think for the measly bounty amounts people get your going to get Mark Twain type of writing skills and quality.  I think a lot of the time the projects are expecting world class content for pennies on the dollar.  

[ninobtcx]

The question then is how do you get cheap labor to spread the word regarding your product?  I don't think for the measly bounty amounts people get your going to get Mark Twain type of writing skills and quality.  I think a lot of the time the projects are expecting world class content for pennies on the dollar.  

If the project is good, it will get good reviews from ICO trackers.

No people will ever invest serious money in anything shilled in signature campaigns.

Also the usual 2% bounties distribution is actually often a lot of money.. would cost much less to pay some popular bloggers to write some review.

Bounty campaigns give NO VALUE, at the expenses of ICO participants.

I now hate ICOs as I said in my thread, but even if I had to ever consider investing in one, I would not put a penny in it if the word "bounties" is in any chart.

[SinisterS]

You're kind of right. I can't think of a time where a campaign really made me look farther and invest on a coin. Perhaps they were effective many years ago when there were less people into crypto and less ICOs. But if I was running an ICO I probably wouldn't do any bounties simply because of the quality of the post that many people give just to fill in a quora.

I would rather do an airdrop.

[jeffthebaker]

Projects do it because it's effectively free marketing. It costs them nothing to award tokens. Of course, we know why participants take part in the programs. The issue does fundamentally lie in bounty hunters dumping on acquisition.

Bounty programs can instill a lock up period, but if it's too burdensome hunters will focus their efforts at other campaigns. For a change to happen, all campaigns would need to shift to lock up or staggered release standards.

[Netcave]

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.

Maybe you will never have your own coins, because you do not seem to have the imagination of how to attract investors and make decentralization projects reach the goal.

[ninobtcx]

Projects do it because it's effectively free marketing. It costs them nothing to award tokens.

True. Costs devs nothing. Costs ICO participants a fortune.

[ninobtcx]

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.

Maybe you will never have your own coins, because you do not seem to have the imagination of how to attract investors and make decentralization projects reach the goal.

Yeah one really needs IMAGINATION to do the same fucking thing everyone else has been doing over and over again.

[Mei1418]

do you think bounty paid should you think 2% it can be said for free at share, you want 10% ?? 20% ?? how the fate of developers and investors ?? more than 70% is distributed to investors, just look at the token distribution.

[Wylie330]

It is part of their marketing strategy to hire people that will help them spread the word. That is one of their way to advertise their product to reach people. This will attract potential investors. There are many scam ICOs, but there are still legit and have potentials in the future.

[CoinCowgirl]

Luckily is it people`s own free choiche if they like or they like not to paticipate on any bounty-campaign. When they do, they agreee with the amount they can get for it. Of course there are good ones and bad ones. But i don`t think that it`s fair to say that they are all stupid.

[Ejitty]

I think the percentage is really small, but that doesn't mean you should decide or conclude that bounties are stupid
Moreover you are not been forced to participate in bounty.
it is your decision even after reading the terms and conditions

[adaseb]

The bounties used to be good deals back in 2017 during the crazy ICO days. If you got them in time and it was listed on an exchange you could make a huge profit for little work.

These days however it does nothing but hurt the project. Because usually at least 50% of those bounties are sold as soon as an exchange is open and it leads to huge price declines.

The reason they exist however is because its a very cheap way to promote the ICO, much cheaper than Google adwords or other forms of advertisement.

[samcrypto]

Bounty hunters may dump the price of that specific ICO but they play a big role on the success of your project. Its really part of the marketing strategy and I think, without those bounty hunters one ICO may have a hard time to introduce their product in the market.

[Drbriggs]

Well, when you say bounties are stupid, I would say everyone is entitled to his/her own opinnion. Bounties can be very rewarding if and only if you know the intrigues.

[spyderbilt]

although only 2% but for bounty is very large, and do you know if bounty can provide the maximum effect for sales of ico. so do not tell me if ico is a stupid thing, but with a bounty of sale can be done well.

[VPScreator]

That's funny. In return for that 2 percent and less, you get a really almost free PR company. Tell me, do you know how much it costs to make advertising? So, I think that bounty hunters themselves have the right to choose what to do with the tokens received for the bounty company. For example, I do not sell tokens immediately after their appearance on the exchange, but if someone does so, then he has his own reasons for doing so.

[qomariah95]

although only 2% but for bounty is very large, and do you know if bounty can provide the maximum effect for sales of ico. so do not tell me if ico is a stupid thing, but with a bounty of sale can be done well.

You are very right, With a sales bounty program will be very good. Because with bounty also the project can be much in the know by the people and of course by investors. Indeed bounty is a good promotion for a project. If you say bounty stupid of course it is very wrong. The bounty program is a great choice for a sales project.

[saiha]

If the project is good, it will get good reviews from ICO trackers.

or they can pay for its review.

No people will ever invest serious money in anything shilled in signature campaigns.

But they have been doing it for sometime.