Bounty alone is not enough

[romecheo]

Bounties are great way to introduce and distribute cryptos, this measure the willingness of individuals to participate in promoting the project, however, the number of participants or even the duration of bounties are not a measurement of success.  

[joinfree]

That's true, having bounty campaigns as the only marketing activity for a project is not enough. marketing of any project is one of the integral aspect which would help the success of the project but most  team members don't really put this into practice. There has to be several press releases so that many investors can get to hear about the project only then would tokens sales reach hardcap.

[Leyss]

I do not think that in fundraising marketing companies in the initial issue of coins (ICO), something essentially needs to be changed. Previously, the ICO teams very successfully raised funds for their projects through the bounty campaigns of the ICO, even at a time when cryptocurrency was not as well known as it is now. The problem with fundraising now is not the inadequacy of advertising the project, but a fall in the level of trust in such projects due to numerous frauds in these projects. If you remove fraud in ICO projects, their popularity will increase again and there will be no problems with fundraising.

[Sacramentus]

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.

any project who solely rely on bounty and airdrop as a means of marketing is a total amateur and that project to be honest will not work. I have seen projects like that, and they don't go far. Bounties and airdrops should serve as a substitute to the companies marketing.

[taguig]

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 on bounty alone is not enough the team should do their part by building investors confidence in their project, they can do this by taking up AMA ask me anything webinar and holding conference, I hate projects developers who are very hesitant to show who they are and what are their expertise.

[zzortyx]

Gone are the days of code for more or less successful promotion of the project was enough bounty campaigns or airdrops. Now bounty can be seen only as an additional campaign. Competition in the ICO has grown very much.

[fortunecrypto]

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 if they protect properly and massively, investors will not invest if they do not have a good platform that investors will find interesting and many users will use it, it will not gain ground, developers should first look at their own project if it has potential, if there is none than promoting it will not complete the goal.

[distr@yopmail.com]

Gone are the days of code for more or less successful promotion of the project was enough bounty campaigns or airdrops. Now bounty can be seen only as an additional campaign. Competition in the ICO has grown very much.

Don't worry friend, the bounty will still continue and give you profit. even though the current market conditions are not very good for bounty hunters because not many projects pay well. but the bounty will still be there to help new and developing projects promote their projects.

[cryptofirm]

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.

maybe you are right,
but don't forget bounty also help the project to spread the words about the project itself
especially signature campaign, social media and content creators, because all part has different target my friend
and bounty is one from many way in marketing strategy buddy

[jrrsparkles]

Bounty campaign to promote a new project is the least option for the any project because it doesn't need much money to to run only the investment needed for it manager salary per week or monthly.and the effectiveness might be less if they have only spammers for the bounty campaigns and it is the reality because high quality poster will not available for useless token payment.

[Chrystora123]

A project requires marketing and for the project to succeed, developers usually need the help of an internal marketing and external marketing team. Bounty is an external marketing team and indeed Bounty is not enough to make an ICO / ITO / IEO / STO project a big success but at least the Bounty has helped the project to become big.

[Jhonyjon]

sometimes many projects that carry out promotions are just bounty without any promotions such as paying influencers, doing big promotions on sites like coinmarketcap and icodrops because they don't have the funds to finance them, therefore the project only relies on funding running on its own without any paid promotional actions.

[Taufik blackspade team]

A project requires marketing and for the project to succeed, developers usually need the help of an internal marketing and external marketing team. Bounty is an external marketing team and indeed Bounty is not enough to make an ICO / ITO / IEO / STO project a big success but at least the Bounty has helped the project to become big.

many of the ICO or IEO projects also carry out their own promotions by conducting events and collaboration. it's one form of seeking support. especially now the IEO with the support of the exchange will definitely be better. some IEO project managers also carried out bounty campaigns, because they considered the bounty campaign to be very important in building stronger communities.

[Anatolich]

Good companies do not just hope for rewards. This is a small part, I agree that 90+ percent are generally unnecessary projects that only litter everything here, so they work with it only.

[Jpti]

Marketing has been an integral part of promoting any project. And it is true that no matter how good a project is, its promotion is always essential. It will be helpful for a project to get a success if it reaches as many as investors. So advertisement is essential. You are right, conference, interaction with investors and people are necessary for advertisement of a project, apart from bounty campaigns and airdrops.

[GatotKaca]

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.

the possibility of a new project deciding to use a bounty campaign method because they lack funds and need investors to do as you say. I do not blame a new project using the method as long as it has been established and runs the project correctly and does not harm others.

[Cemploon]

Bounty and Airdrop are excellent means of promotion until now. But they also depend on the project they are promoting. The project should have a good prospect and the project must be real. For me until now still, follow the Bounty and Airdrop because it's a great tool for developing projects and making money.

[xmonkeyx]

Good advice for project success. But in my opinion, the bounty program is still maximal in promoting the project. Because in a bounty program, there are social media campaigns that have a quick reach to investors. However, if there is a new breakthrough for the success of the project, I am very happy.

[masterrex]

I agree with your opinion. But most of the ICO projects are not paying attention on the media advertising option, Since they are holding the funds for the further development of the project. Thats why most of the time they rely on the Bounty Campaigns since its not worth that much, paying just worthless tokens. compare to the cryptocurrency advertising that accepting only liquid cryptocurrencies. These is the reality that bounty was the cheapest form of advertising in crypto-space.

[Pet240]

On the contrary, a project might engage it's main promotion on bounty and airdrop and still be successful. What projects need these says is not promotion or marketing alone, but proper and adequate development.
A project that has a real working product will be more successful and last longer than a project that spent most of its fund on marketing alone, because such will not have a lasting effect.