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Author Topic: Bounty alone is not enough  (Read 2212 times)
TomArayaSlaya
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July 27, 2020, 11:16:37 PM
 #281

First of all bounty is a medium of advertisement and from my view is the quickest way to get the attention of most crypto communities and from there the words get out there

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July 27, 2020, 11:35:01 PM
 #282

Well i believe that bounty campaign is really a great way to make the project become more popular in crypto feild, but it is not enough,that is why some project use social media campaign so that many more invetors can see it and get the information about thier ICO or ITO i see that social media is also an amazing way in promoting projects because social media is now the best way of extending news and many people really used to get more information or news about the world.
Well, social media is indeed one indicator that is often used in analyzing a project. The number of followers is a measure of whether the community is strong or not. And with a bounty campaign, this will easily form a large community. This must also be supported by the active role of the dev team to provide information, related to achievement and targets for the next stage of development.
Nowadays, many people make social media as a reference, so the dev team must really manage this well in order to attract the attention of investors.
All of this must be based on quality and innovative products, unique tokenomics, and a solid team. All of this will form a strong foundation, with the support of bounty hunters it will make it easier to disseminate it.

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July 27, 2020, 11:56:33 PM
 #283

How do you say it is only bounty hunters that will see the post? If I have over ten thousand twitter followers, are you saying all of them are bounty hunters? Potential investors might be among my followers and get to know about the project through this medium.

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July 28, 2020, 04:24:31 AM
 #284

How do you say it is only bounty hunters that will see the post? If I have over ten thousand twitter followers, are you saying all of them are bounty hunters? Potential investors might be among my followers and get to know about the project through this medium.
Do you know how to read?Op does not say a word "ONLY" instead he says MAJORITY because he have some points.

Look at you,posting without even reading the thread and you are the best example why OP says about that.

Every project needs more advertising and it is reality that you Bounty hunters are not enough ,extending other option is what they need to meet their goal in short period of time.

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July 28, 2020, 04:41:14 AM
 #285

How do you say it is only bounty hunters that will see the post? If I have over ten thousand twitter followers, are you saying all of them are bounty hunters? Potential investors might be among my followers and get to know about the project through this medium.
Do you know how to read?Op does not say a word "ONLY" instead he says MAJORITY because he have some points.

Look at you,posting without even reading the thread and you are the best example why OP says about that.

Every project needs more advertising and it is reality that you Bounty hunters are not enough ,extending other option is what they need to meet their goal in short period of time.
True! Running bounty campaigns is not enough to promote their projects! Developers need more options of advertising to achieve their expected  goal! Saying bounty is not enough doesn't mean that he says bounty hunters are not matter. Bounty hunters play an important role in promoting the project through out the market, we all know that!

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July 28, 2020, 05:25:21 AM
 #286

Teams can't rely on bounty hunters to do all the work, now that ICO is not more the team must use better exchanges to raise fund because big investors are available on binance and other top exchanges, the project will sold out in seconds or minutes, bounty hunters promotions isn't as big as using top exchanges

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July 28, 2020, 05:33:23 AM
 #287

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.

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July 28, 2020, 06:36:37 AM
 #288

Bounty campaign is a good way for projects to spread the word and gain publicity in the cryptocurrency market. But it is not the best way to gain investors. Good projects don't depend on bounties alone to promote their token sale.
And this is because when bounty hunters post about a project, majority of these posts is only seen by other bounty hunters and not to the real investors. And these posts are just basic and can not convince good investors to invest.
Bringing in the investors and funds depends on the team's marketing ability and their ability to close deals. This is why good projects attend a lot of crypto events and network with people.
Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.

Maybe you suppose that real investors are who have lots of money and bounty programs can not reach out of them, but in my opinion, every person in this market including bounty hunters all may be investors of that project if they realize that it is really good and have many potentials. And when bounty hunters do their tasks such as share post or link about project, their friend may also become a investor like them as well.

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July 28, 2020, 06:50:13 AM
 #289

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.
If the team can do much more aside from bounty campaign then that would be beneficial to their project. Having wide coverage to spread their project means more people can see it and the chance to gain potential investors. But this forum alone is already an effective way to advertise the project due to the large number of members.

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July 28, 2020, 06:54:14 AM
 #290

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.
If the team can do much more aside from bounty campaign then that would be beneficial to their project. Having wide coverage to spread their project means more people can see it and the chance to gain potential investors. But this forum alone is already an effective way to advertise the project due to the large number of members.
but sometimes the campaigns that are made are not well-targeted. some projects have targeted their project expansion but only a greedy person joins multiple accounts to get a large reward. bounty campaigns actually can't be so optimal for sales made.
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July 28, 2020, 06:55:55 AM
 #291

Bounty hunters won't help team to implement better feature, bounty hunters won't help a project get listed on better exchanges, these isn't the work of bounty hunters, it's something that the team must do

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July 28, 2020, 08:33:56 AM
 #292

In my opinion, their goal in making the Bounty program is to make their project famous in Crypto community, especially in this biggest Crypto forum. Yes, I agree with you if the Team must be able to build networks with the best people out there, they also have to join various Crypto events to get public support.
bounty is really the best way to tell people who are already in the cryptocurrency world about a new project.  to attract investors who have not invested  in cryptocurrency yet teams are using other marketing tools


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July 28, 2020, 08:41:04 AM
 #293

I know that all projects don't only do promotions on telegrams or bounties, they also hold AMAs and attend several events on the blockchain to attract investors

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July 28, 2020, 09:10:13 AM
 #294

I know that all projects don't only do promotions on telegrams or bounties, they also hold AMAs and attend several events on the blockchain to attract investors
They need many different strategies to attract large investors in this market, Bounty and airdrop only help their community grow bigger and get more attention from people.
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July 28, 2020, 09:12:36 AM
 #295

As effective as bounty promotion is good,because I know bounty promotion still cuts across a large area and bring in come investors,the team should also have other means of marketing and also holding AMAs,,also partnership also boost a project and advertises it on it own,so like OP said other form of advertisement should be added to bounty promotion.

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July 28, 2020, 09:27:25 AM
 #296

As effective as bounty promotion is good,because I know bounty promotion still cuts across a large area and bring in come investors,the team should also have other means of marketing and also holding AMAs,,also partnership also boost a project and advertises it on it own,so like OP said other form of advertisement should be added to bounty promotion.

Bounty campaign remains one of the most affordable methods for the project team to attract investment. They can make the payment using tokens, and if the project fails, then they don't need to pay anything. Advertising using third party services such as Google Adsense requires sizable initial capital and this amount won't be reimbursed if the project fails.
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July 28, 2020, 09:32:01 AM
 #297

I agree that bounty is not enough to do marketing optimally. In optimizing marketing management, developers must make more funds for it because marketing has expensive costs. In this case bounty is a marketing method that has financial advantages because they are paid using a token allocation and this is the reason the developer uses bounty marketing but the effect is not so much to reach investors.

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July 28, 2020, 09:35:14 AM
 #298

That is correct,  having a bounty campaign only exposes projects to other forum members. Attending conferences and being active in social media platforms are also needed. The marketing team plays a huge role in the success of the project during the early phase. Everything will fall into pieces once they have gathered enough supporters because the community will help expose the project if it shows a huge potential.
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July 28, 2020, 09:48:57 AM
 #299

 True. The project can not completely depend on the bounty campaign even though it is really effective. With social media platforms like Twitter, Facebook and Instagram they can run good promotion with more details on what their project is all about and even add videos that summarizes everything.

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July 28, 2020, 10:59:09 AM
 #300

Bounty hunters help projects in all aspect, both gaining popularity and investors, though sometimes the team also has alot to do in securing investors trust, but still bounty hunters also has their role to play.

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