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Author Topic: Bounty alone is not enough  (Read 2213 times)
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March 26, 2020, 09:29:16 AM
 #41

Not entirely true. When bounty hunters tweet to rank a trending topic it becomes visible to all which bounty hunters are also investors. When articles are indexed on search engines, its goingot be there on the itnernet forever and helps the website of the project to be able to be seen by searches. But when the camapign is over though, the exposure of the project diminishes.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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March 26, 2020, 09:46:34 AM
 #42

You're right, other forms of marketing especially using some good influencers be it on YouTube or other blog channels is necessary to reach target audience investors. Bounty is cheaper way of marketing the reason people rely on it.
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March 26, 2020, 09:54:21 AM
 #43

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.
Surely this bounty was not enough to promote the cryptocurrency community, even today the cryptocurrency is still not yet fully implemented and their are so many people that has no idea about crypto.

And we already have a thousands of bounties that happened already and it was not enough, meaning it was not really the answer for mass adaptation since the bounty have its own goal but the advertisement was surely productive in a way.
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March 26, 2020, 10:34:49 AM
 #44

In everything we plan to do or aim for, the foundation is very important, in fact it's what will determine the future of every projects and the right foundation is the TEAM, this is all a project needs to reach a better height, others like partnerships is just a plus, professionalism of the team is the most important in crypto space
Bounty hunters are doing their best to promote the project the best way they can but i think it's still not the best way to attract investors because the biggest factor that will possibly do it is the team itself. The staff behind the project should be more creative and skilled enough because they should be more responsible for the success of the project rather than giving it all to the bounty hunters.

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March 26, 2020, 10:49:39 AM
 #45

Of course it is, because very few investors come in the project only because of the bounty, so each project should develop its own marketing and of course, it’s best to conduct IEO on top exchanges and then there will be no problems with investors.
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March 26, 2020, 10:54:37 AM
 #46

Agree with your message but each reality social media promoting not now good ways for any project. I think signature at this time best ways for promoting a project IEO/IEO because many people now follow it. Even other think more bounty hunter already leave their work because lot of decrease strong project in this time.
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March 26, 2020, 11:08:06 AM
 #47

I think bounty project is a good way to attract any investor. I think the problem is not on bounty project or bounty hunter. The problem is investor already lost attention to cryptocurrency. The hype of cryptocurrency gone and investor seek other oppurtunity.

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March 26, 2020, 11:25:41 AM
 #48

I dont do social media campaign and I have less than 2000 followers on twitter but I can tell you due to my long time in this space and my frequent tweet on cryptocurrency have gain more friends with crypto interest, more than 70% cryptocurrency friends. However, to retain my trust among followers because past scam ICO/IEOs I dont do social media campaign for any project. If I ever do for trusted projects not as a bounty participant and will prefer exchange listed project with my trust.
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March 26, 2020, 11:44:35 AM
 #49

Bounty is very effective, that is why until now we are still seeing a lot of projects that are running a bounty program.

Actually a bounty program is just part of the marketing strategy, the biggest marketing technique that would attract investors is if they'll room around the world, join in conference and tell people about their project as that tells the project is legit and the team are serious with the project.

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March 26, 2020, 12:07:51 PM
 #50

A good investor will never look to the promotion way when he chooses an investment place and he never use his lusty to tempted against the project which offer a lot of profit. But a good investor will loom to the project itself. He will choose if the project is really good for crypto environment.  And the project will take mass adoption for crypto currency world. So I just guessing it is not about bounty campaign but the investor itself because it will give many thing.
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March 26, 2020, 12:15:09 PM
 #51


Bounty hunters are just part of the campaign to introduce the project while the team is looking for investors for their project development. The promotion will continue after the bounty campaigns which is why teams does have their own marketing executive who does have a team of its own for internet and SEO marketing.

The marketing continues after the IEO or ICO, marketing never stops which is why some projects even when they did a campaign a year ago, they will do another campaign few months later.

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March 26, 2020, 12:21:40 PM
 #52

You are absolutely right,it's not the best but at least bounty hunter is like bridge to convey message to investors for more curiosity. However in the present lot of project judge bounty hunter as trash in the end of campaign. It looks pathetic because the bounty hunter only considered the dumper but if marketing and team strategy nice could certainly cope with the dumper of the bounty. Bounty hunter is worth getting a salary from their work.
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March 26, 2020, 12:25:38 PM
 #53

A good investor will never look to the promotion way when he chooses an investment place and he never use his lusty to tempted against the project which offer a lot of profit. But a good investor will loom to the project itself. He will choose if the project is really good for crypto environment.  And the project will take mass adoption for crypto currency world. So I just guessing it is not about bounty campaign but the investor itself because it will give many thing.

Well indeed investors will choose the best project for long-term investment, they will how will look ahead to the development so that it can be called a project that will run in the future.
I also think that if a large investor will not look at a new project, but an old project that is still going well on his coin exchange, there will be a large investor playing the price on the exchange.
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March 26, 2020, 12:28:08 PM
 #54

Of course it is, because very few investors come in the project only because of the bounty, so each project should develop its own marketing and of course, it’s best to conduct IEO on top exchanges and then there will be no problems with investors.
IEO in good and big market is not an easy thing. Perhaps the main factor is how the project itself in developing the project. Good Team also very important. Sometimes people just can create thing but lack in marketing and advertising
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March 26, 2020, 01:04:56 PM
 #55

True, successful projects are projects with broad marketing strategies, which means they are supported by thousands of people who are promoting. Of course, big projects are still promoting through the bounty program because bitcointalk forums are easy enough to attract investors in all corners of the world.

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March 26, 2020, 01:13:42 PM
 #56

I think bounty project is a good way to attract any investor. I think the problem is not on bounty project or bounty hunter. The problem is investor already lost attention to cryptocurrency. The hype of cryptocurrency gone and investor seek other oppurtunity.
Agree with you, investors are no longer interested in new projects because in the last 2 years new projects have continuously failed and made many investors lose money. So now, if new projects do not implement IEO, they will surely fail. Bounty will not be able to help investors to participate in new projects.

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March 26, 2020, 01:36:51 PM
 #57

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.

I agree with some of your insights about bounty campaigns but I think your view about the bounty is limited to hunters doing social media tasks. There are some bounty campaigns that directly target investors, like referral system where participants invite and encourage possible investors to the project. This mechanism would be a great way for a project to encourage investors.
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March 26, 2020, 01:45:41 PM
 #58

every project certainly needs a promotion to be known by many investors. by promoting it, of course, investors will study a project being promoted. and I think the main goal in that direction. so that investors can explore it, and if it feels good, then they will invest, therefore I think between bounty and project developers should be a symbiosis of mutualism




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March 26, 2020, 02:08:03 PM
 #59

Right. I agree that if a project wants to get a lot of investors and their tokens are sold according to the target, don't just rely on the bounty campaign. indeed the gift campaign is one of the best ways but in terms of other promoters such as holding a kind of seminar in promoting their token sale and many other ways that can be done so that the predetermined goals can be achieved to the maximum.
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March 26, 2020, 02:09:03 PM
 #60

True, successful projects are projects with broad marketing strategies, which means they are supported by thousands of people who are promoting. Of course, big projects are still promoting through the bounty program because bitcointalk forums are easy enough to attract investors in all corners of the world.
Bounty campaign's attracts thousands of people especially in their social media, medium and content creation campaign. It's allowing them to give their reviews about the projects. Bounty will always will be a part of processing how big project will run.  Its process of gathering their supporters like in telegram which is a big help for them to spread the news more accurately.

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