Bounty alone is not enough

[BeManga]

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.

project cant really rely only in bounty and airdrop to become successful and having top notch marketing program will not also make it succeed
in my opinion for the project to become successful it must have a good purpose for people to become interested in investing in the project

[llecrf]

-snip-

project cant really rely only in bounty and airdrop to become successful and having top notch marketing program will not also make it succeed
in my opinion for the project to become successful it must have a good purpose for people to become interested in investing in the project

I agree with you, community members are an important part of being able to give ideas and suggestions, I prefer projects that do Airdrop to get a lot of community members, projects that have a good team of developers will always have discussions in telegram groups according to products and maps the way they have on whitepaper.

[ansarose1]

Very well said, i also think that bounties and airdrop campaigns are actually lack to promote a good project. Project should have more influences to promote their project as well as to get investors trust in their project.

[lienfaye]

You're right, nowadays bounty campaign and airdop are not enough to spread awareness to the community and gain investors (though it has an impact too).

Many projects failed to reach their softcap even how promising their project is. Having a top influencer or reputable site to help them to promote is great but I think the problem of most of them are lacking in budget to sustain the fees.

If they want to succeed they have to think in advance and not just be contented of what they used to.

[BennyK]

Of course, bounty alone cannot be enough to earn much profit in crypto unless a bounty hunter must be ready to work tirelessly on extremely numerous projects because the percentage allocation for bounty programs at large is always small normally ranging 1% to 5% of the entire token supply. Other options to consider include crypto investment and trading.

[Fundamentals Of]

I guess a lot of crypto projects nowadays have realized this already. We have seen a lot of successful ICOs that did not even conduct bounty promotions. On the other hand, we have also seen a whole lot of bounty-promoted, or airdrop-promoted, projects through a lot of social media and even here on this forum that did not even reach soft cap. In other words, there must be something more than just bounty promotion that determines the success of a project. 

[ufaiz50]

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.

A management ads is not easy, bounties are paid for by allocating their tokens and that is the benefit of marketing because developers don't have to pay with other money. what you say is true, where developers have to use other places for marketing to make it easier to reach investors, especially if some well-known figures participate in the project, but again how much benefits will be gained from it.

[pageraji]

Bounties are always good to spread the world about project and airdrop make bigger community, i agree bounty alone is not enough, increasing collaboration with influencers and expanding events in various cities will increasingly convince investors that the team is real like the blockchain summit, conference and so on.

[Crypto5060]

Let's analyse bounty campaign:
Bounty hunters have friends who are bounty hunters not investors so its unproductive using it as a means of marketing.
Bitcointalk is housing bounty hunters the cycle keeps going. Projects need to put in more efforts in marketing to raise funds.

[Ridwan Fauzi]

The suggestion are good but the developer project need more money to choose some expert or someone who has popularity to promote their project. And also promotion just only a tool and cannot be used as a main purpose/way to attract many investors. I guess the project which is less desirable by some investor it is just because the project itself. I think the good project doesn't need promotion when they intend to present their project. The developer's project has important thing also to attract investor, don't be imagine the current investor just look on how the way the project held a promotion.

[Apes]

the success of the project is closely related to the bounty campaign that was carried out. many successful ICO projects have carried out with the bounty hunters help, if the ICO fail cant blame the marketing strategy work but the project itself does not attract investors. without the bounty hunter help can ICO able to pay for promotions in various media.
rather, they are greatly benefited because in generally bounty campaigns alocation no more than 15% from their fund raising.

[Caladonian]

Bounties are always good to spread the world about project and airdrop make bigger community, i agree bounty alone is not enough, increasing collaboration with influencers and expanding events in various cities will increasingly convince investors that the team is real like the blockchain summit, conference and so on.

One of the good thing to do is to have more influencer and businesses summits to attract more potential investors, if the business industry gt their interest with the project the progress will be more possible and the growth of interest will be lifted, projects needs to have big back up supports and it can't be done by bounty alone, developers needs to do their job by continuing to find venues to attract more investors to get in and ride with the project.

[bering]

OP says is make sense besides bounty the devs should more active to promote their projects not only from it but to makes ads outside forum the cost will be so expensive and i don't think they will considering this as good way to get potential investors because there is no guarantee if they do that then their projects will be successfully especially crypto projects such as ICO not too popular anymore

[Kezacky]

bounty and airdrops are good marketing strategies, this method has proven to attract many new investors and lay people to join and take part in this industry. the rest in my opinion depends on how the developer works and the team in developing the products they make.

[kalstarzz]

I don't think that bounty is not the right tool to promote a project, and cause investment funds not to reach the softcap, but the reality of today is that there are too many hidden projects to cause many investors to hesitate and choose to remain silent. maybe promotion actually becomes a good way. but the most important thing is that the project team must be able to prove that they are not a scamer.

[fuer44]

for the current situation, I agree that the bounty will never be enough for our portfolio. because now there are many bounties that are very slow to do the process, whether it's distribution or listing, so it takes a very long time, even 6 months to 1 more year. therefore there must be other initiatives such as trading, or long-term investments to fill the portfolio gap while waiting for the bounty. maybe 2 years before, just a bounty was enough.

[xysheeh03]

Bounty alone isn't enough to promote well a project, however with the help of social media campaigns, it help promote the project better since majority of the people now are along and keeping in touch with their social media accounts. But i think its not enough, much better if the project does have a website and make unique quality products or outcomes of their project so that many investors would join in the project.

[Aldrinx00]

Bounty campaigns is a tradition in projects that want to promote their project by paying tokens, btc, eth etc to their participants. It's a mean to give additional exposure to investors worldwide, i think projects has their own marketing team and they know bounties are not enough way to target their audience.

[Natalim]

for me don't expect from a bounty prize. of course we must develop business in trading or investment. and as a positive value, we get capital from the bounty. besides that we can open a real business according to our pleasure, so that income continues to run

That's a good advise, bounty alone is not profitable and one cannot rely on it, best way is to look for other opportunity to make money, we don't have to find a lot, but only focus on the one that could give long term success if you do better, and I'm talking about trading.

It's not a job where you get a fix salary but you invest on your skills here because you believe you can make, this kind of way to make money is very risky but if you are good enough, you'll consider it the easiest way to make money.

[Mikcik]

I don't think that bounty is not the right tool to promote a project, and cause investment funds not to reach the softcap, but the reality of today is that there are too many hidden projects to cause many investors to hesitate and choose to remain silent. maybe promotion actually becomes a good way. but the most important thing is that the project team must be able to prove that they are not a scamer.

It is a way to promote project marketing to investors. Not everyone will know your project whether it is a potential or a talented team