Do Bounty Programs Really Work?

[TimeTeller]

My discord and telegram fill up with mindless bots (or maybe real people) spamming links and 1000%+ ROI claims in order to try to get someone to click on their invite link; so that leads me to the question, do bounty programs really work?

Yes it really works. They are just using mindless bots in order to attract investors, although that's not a good thing ethically but, they are being used that way. Bounty program really works by putting links to the IEO/ICO site of the project. It's a way of advertising the project itself.

I do believe that bounty programs still work one way or another.
It exposes to audience that are not aware of their existence.
This is the reason why there are a lot of marketing programs via social media.
People are into social media nowadays so those programs are trying to reach out those potential customers or investors.
If they haven't seen any link for that project, would they know about it? Pretty simple logic.

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[MarioV]

Advertising is the soul of commerce: it makes a product known. Likewise, the bounty campaigns help to introduce new projects related to the crypto world.
Although, in my opinion, perhaps their usefulness has now diminished, but not due to ineffectiveness but to the lack of confidence of the people.

[ArcherBullseye]

It is interesting that most of the people saying that bounties work are the 'hunters' that are promoting something in their signature.   It would be great to hear from some actual people running a bounty program if they have seen any value add or tangible results of their bounties.

[fallensky7]

I also think that bounty programs are still a good way to ensure maximum promotion of startups. In this way, many people learn about projects and their ICO. It helps to activate verbal advertising and increase sales. The core value of an ICO is an idea. It is for the implementation of some idea that investment is being collected. Advertising requires considerable costs, which the project usually does not have. And with coins that have no price for it you will not pay!

[Averim]

In our days the marketing strategy thru social media is similar with spamming and my personal reaction is similar with discomfort, angrynes and a general negative state because there are comercial with things that i don't care about it, a good strategy marketing should focus and a specific category of people interested in the field of the project, this is why some bounty brings real money and most of them end with some useless tokens. I hope this answers your question.

[BUK2016]

In my opinion bounty campaign in recent time only work for the project owners who at the end of the day go away with investors money and that is why many of them choose not to pay bounty participants in Bitcoin or altcoins like ethereum because they don't have money and at the same time they don't want invest in their project but they want investors to invest their money.

I am saying this from the experience I have had both as an investor and as a bounty Hunter.

[proTECH77]

actually the bounty has helped a bit in marketing a project, but now it seems that investors are more interested and will get information easily through advertisements on crypto websites or magazines

This is a very controversial issue! If the bounty campaigns were not effective, they would be abandoned by absolutely all projects. But there are a lot of hyped and popular projects that use bounty campaigns for advertising. And this indicates the effectiveness of the bounty.

If they are so efficient as you have rightly said why are most projects swamping to us the services of IEOs? Bounty campaigns have failed mist projects and they have abandoned them for IEOs. How would you compared the 2017 ICOs to what we have as ICOs now? If I wants to forward my project, I would rather use the services of the IEOs and not Bounty Campaigns.

[nutriagrigia]

of course, bounty campaigns work.  Bounty campaign helps to increase the project community and this gives more confidence from the investors. I am, as a bounty participant, also often invest in new projects if I see potential in them

[laskybok]

Bounty campaigns are essential and are of utmost importance in the dissemination of a project to the crypto community. The roles they play cannot be underestimated, except we feel like not taking cognisance of their efforts.
Had it been that other options are enough, then the services of bounty hunters would not have been required.

[spydee1522]

Gone are the days that bounties did truly work compared to now but the honest truth about it all is that, it all depends on the sub campaigns under the bounty program, the various platforms which will tell whether investors will join or not even hear about the project.

[Rengga Jati]

Initially, the purpose of bounty programs is to help the project team and developers promote their new projects. Working or not a bounty program will depend on how the BM manage and control the bounty. However, so far, it works so much. But of course, it will also depend on the projects itself, interesting and trusted enough or not

[Handsome Boy]

of course bounty program is really work, because  bounty program can help to promote a new project and with the help of bounty hunter to promote the new project, then investors will know about the new project and will invest in the project, so i believe if bounty program is very useful to promote a new project to make it successful and I am sure if without a bounty program the project will not be successful, because there is no bounty hunter who helps promote the new project and of course investors will never know about the project.

[zhea]

For people who have done them for their project, do they bring in real value?  I am not talking about discord/telegram members, anyone can buy those.  I am referring to real active members that buy or contribute to the project.

For me, bounty campaign really works because it bring awareness to the community and it is up to the individual if he/she will participate on the projects. As i have observed, bounty participants are also investors that truly believe in the project and help promote it by join the bounty campaign.

[Maslate]

Initially, the purpose of bounty programs is to help the project team and developers promote their new projects. Working or not a bounty program will depend on how the BM manage and control the bounty. However, so far, it works so much. But of course, it will also depend on the projects itself, interesting and trusted enough or not

Even though they hired BM to manage such promotion but still can't be guaranteed for it growing marker demand. It is all about how the project it looks like and how developers working on it to look attractive by investors. Bounty hunters participation is just helping to promote their project but we can't rely them for the future of this project.

[nekonyun]

in my opinion the bounty program is very function to disseminate, news about the project because disseminating information about projects through social media is very effective in attracting investors. Without a bounty program I think the project will fail because there is no news about projects that are on social media

[Slark]

No, bounties do not cope with the task and almost do not bring new users to the project. I talked to one bounty manager and he told me that there are very few people who really respond to bounty hunter posts. Therefore, the bounty is needed rather to just spread the word about the project, but it does not exactly lead investors.

[tenebriscaelum]

There is a time where the majority of the people who knows and put trust in these project were only few, and only the users of this platform know about it. That time was the time that bounty programs were at its best, simple because there are only few projects that scams or not fulfill the crowdsale. Its high is probably in the last bull run in 2017 as the hype of the masses bubbled the market, but know it is as what you see where there is to much negativity in bounty campaigns.