Bounty alone is not enough

[coin-investor]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

They can do all these things that you've recommended if they have their own funds but unfortunately, this ICO's rely on IOU or I owed you token and bounty hunters are very much willing to accept those IOU token, you cannot do that to influencers or coinmarketcap.

[Ken_terrance]

Bounty rewards are only paid if the project target was met ,which is why I won't advice anyone to depend on bounties but if you are someone who is always free 24/7 then you are capable of joining multiple bounties so if no payment received from one you will get from other

[adekogbe]

Bounty alone is definitely not enough as promotion strategy for new cryptocurrency projects and things because a lot of these bounty campaigns fail to reach the kind of audience who would have been open to investing in such a project.
Now crypto projects have to revisit their strategy as regards how to penetrate consumer markets.

[ashmodeus]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

basically bounty like a free employee
i mean , the team will paying bounty hunter after the token sale ended, or not pay anything if they didn't get sale target.
and actually its not too effective,as far i see.
but how to make it worth ?
because most of project also have low budget for real promotional to major magazine like coindesk.

[chocopapaya]

This topic really shows the paradox with ICOs and marketing.
In stocks, when a company decides to go public and offer shares of their company, they do an Initial Public Offering (IPO).
Typically, a company won't go public until they are established so when they do their IPO, they already have some kind of presence and marketing budget.

So with ICOs, there is basically none of that.
99% of new crypto companies are brand new startups.
They don't have an operating budget and presence, that's why they are raising funds.
So a lot of times, they have to resort to airdrops and bounties because all they have to do is give their token away.
In the real world of business, over 90% of startups fail, crypto is the same.

[iMark]

Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

Of course, investors won't be interested just because someone put an ICO ads in someone's signature. they are interested because of the innovations they bring, bounties will not be enough to attract and make people interested, the actual function of the bounty is so that people know about the existence of that project, for interest depending on what the project brings

[bolshojkush]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

That is, you want to bury the whole meaning of bounty campaigns, when an ordinary person can participate in advertising and make money on it? In the case of hiring influential people and ordering advertising, bounty will lose all meaning. Advertising is not always effective and is very expensive. Therefore, many campaigns do not abandon the bounty and do the right thing.

[barabarian1]

actually, bounty and all task is for us as crypto player. and the most member in crypto is in this site. they can make bounty in real life, but will they believe if they are not crypto player? and im sure if it can be happen in real life, it will be more effective and many people will interest on their project

[glennmatthew]

actually, bounty and all task is for us as crypto player. and the most member in crypto is in this site. they can make bounty in real life, but will they believe if they are not crypto player? and im sure if it can be happen in real life, it will be more effective and many people will interest on their project

I completely agree. I even think that bounty campaigns are not even that great at getting to investors. The audience that is attraccted by bounty posts and signatures, is basically more bounty hunters

It helps a little bit, but there should be more being done by the teams that want to be successful. Hype doesn't just happen out of no where...

[PuertoLibre]

As a free marketing it is debatable of the most of the projects to have a bounty campaign and I prefer to participate in the bounty project than missing it. Bounty hunting is the worst activity if there is no real development by the bounty manager and team.

[Ureung jameun]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

in my opinion if a project only relies on bounty and airdrop can still be successful. and there have been many projects that rely on bounty and airdrop as a marketing method that is carried out by a project ... because the influence of social media is very large in this technological age ... everyone can believe something just because they know through social media ... but to perfect a project then there must be other methods to attract investors' attention and trust ..

[onrise]

Totally agree with you. Bounty is a good way to attract extra attention for the project, but there should be fresh news, announcements about partnerships etc. to make people interested in the project.

Bounty should be extra than what you do because it is not worth it and only a handful of projects form those 1000's in a year will work and give you money and rest will be totally worthless. So better to keep it aside and work on something new.

[TobiasVR]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

even though bounty is not enough, but the existence of gifts is very important and may be used as a good promotion. there may be many more effective ways such as directly cooperating with large exchanges that are one of the most effective ways of bounty

[bitcoin-shark]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

i agree to advertise a project well and make it known on a large scale, the bounty are not enough but team have to invest and make an aggressive advertising with tv commercials, radio spots and billboards, presentations at various crypto events...

[junkerr]

i agree to advertise a project well and make it known on a large scale, the bounty are not enough but team have to invest and make an aggressive advertising with tv commercials, radio spots and billboards, presentations at various crypto events...

ads that aren't made that way. the project must be in line with the advertising media. many target a lot on social media, because many people use and are active there. some like this forum and many use signature campaigns. all depends on how the target is to be achieved from the results of the bounty hunter.
although now the results obtained are not that big, but now many are joining and want to make money from bounties.

[zenhu]

Before the team decide to pay advertisement, they will comparing with another media promotion like bounty and airdrop as usual. I agree with you to advertise their project to famous site related, this is not only to promote the project to people but it can be a "benchmark" how serious that project will running.

[MBMauL]

Before the team decide to pay advertisement, they will comparing with another media promotion like bounty and airdrop as usual. I agree with you to advertise their project to famous site related, this is not only to promote the project to people but it can be a "benchmark" how serious that project will running.

it becomes important because they certainly need a lot of money to be able to advertise on large sites regarding their projects. if they can pay for that, of course the bounty campaign will complement the promotion of social media outside the community project that has been built. the bigger the community, the better it will be to support a project that can grow and have a good market.

[idekai]

If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap.

You have to know, bounty hunter get paid by the project's coins/token. And there's coin/token allocation for bounty hunter for every project they do.
It means that, they don't need real asset to pay the bounty hunter or in other words it's free. If they want to hire or pay influencers, they need real asset to give to them, as far as i know, top influencer won't accept new token that's going to be produced.

[guoyu78]

I think it's high time projects know that they cannot rely solely on bounty and airdrop as a means of promotion. A lot of projects launch and they rely on their bounty campaigns and airdrop to help bring in investors and therefore fail to reach their softcap.

I never said bounties are not effective but it should only be used to create and reward their community not to bring in investors. If a project wants to promote it crowdsale then the team should deploy real promotional means like paying top influencers, attending conferences, advertisements on top sites like coinmarketcap, etc. Because no matter how good the project is, if it can't market properly then it won't reach its goals and if a project is mediocre but have a top notch marketing program, it will succeed beyond expectations.

So it’s now that bounty campaign is no longer enough, is it not the same bounty campaign that they have used in the time past to generate funds within weeks, how is IEO projects able to easily reach their cap without using those other means you talked about. You see, you need to tell the developers the truth, relying on bounty campaign alone is not the reason why these projects are not meeting their softcap, bounty campaign is still very much effective.

The truth you need to tell developers is that ICOs are no longer getting attractive to investors again, because most of them are having the mentality that they have nothing to offer, other than to take money and produce a quack project that will not last long. Investor would really not waste their money any more, which is why they will put security first., even if they like carry bill board, do jingles, they may still not meet up, if they font change some certain things in the ICO market.

[cbcbct]

You have to know, bounty hunter get paid by the project's coins/token. And there's coin/token allocation for bounty hunter for every project they do.
It means that, they don't need real asset to pay the bounty hunter or in other words it's free. If they want to hire or pay influencers, they need real asset to give to them, as far as i know, top influencer won't accept new token that's going to be produced.

This is why there is intention to eliminate bounties or campaigns that only pay through altcoins or tokens. Because, there is an assumption that if companies have to pay something in bitcoin to run their promotions (campaigns, bounties), there are less scam projects in the forum. However, it is still an assumption, and no one can demonstrate it.