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Author Topic: Bounty alone is not enough  (Read 506 times)
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March 26, 2020, 02:09:03 PM
 #61

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.

inure 
 

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March 26, 2020, 02:17:56 PM
 #62


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.

Bounty is not the main factor why investors will invest, it's just one of the factor, the one big factor that can make investors invest in a project is the project itself, does it has usage for the community, what will it contribute to the community, will the investors' guaranty to get their investment with profit at the right time if these are all absent no marketing can make them invest.



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March 26, 2020, 02:28:13 PM
 #63

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.

Well the hype from the popularity you speak about also contribute to the amount of funds following into the project as the more people get to know about what you sell, the greater your chances of getting more patronizers. Bounty was initiated to create awareness by concentrating on special areas of the internet to spread the message about the project been advertised either in written form or visual form.

It effect is mostly felt indirectly as not the promoters are usually the Investors instead because they advertise for the project that hires them, the news of the project spreads arouyand creates an opportunity foew more viewers to get aware of the project been promoted.




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March 26, 2020, 02:38:06 PM
 #64


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.

Bounty is not the main factor why investors will invest, it's just one of the factor, the one big factor that can make investors invest in a project is the project itself, does it has usage for the community, what will it contribute to the community, will the investors' guaranty to get their investment with profit at the right time if these are all absent no marketing can make them invest.
The main factor should be how strong fundamental that owned by the project but the bounty helps the project to spread awareness to the others from another community to be aware with this project. The use case is also the main consideration to determine it's really worth to invest or not. The combination to create a perfect marketing is really needed and project must use combination from various marketing ways.

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March 26, 2020, 02:50:51 PM
 #65

It has always been so. Most of the truly good projects have never run a bounty campaign because they did not need it.
They, as a rule, already had their own external investors, who covered the main capitalization. Everything else fell on the classic types of marketing.

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March 26, 2020, 02:53:22 PM
 #66

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.

Most of the projects dedicate only a very small portion of the total pool for the bounty (usually anywhere from 0.5% to 2%). This is very inadequate, as the bounty campaigns play a very large part in deciding the final outcome of the project. IMO, at least 10% of the total pool should be dedicated for all the promotional activities, including the bounty campaign. The promoters should not become too greedy.

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March 26, 2020, 03:06:40 PM
 #67

It all depends on the project marketing team, but I see quite a lot of projects that do marketing well and there are no problems with it so far. The project opened a bounty campaign not only to find investors but also to build their community stronger

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March 26, 2020, 03:12:15 PM
 #68

This is why good projects attend a lot of crypto events and network with people.

This is true to say that most project have succeeded majorly after bounty ends because the ground has been created, they now do team marketing and strategy to further push the project outside the walls of this forum. Some just do airdrops and list in high volume exchange as a strategy.

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March 26, 2020, 04:07:24 PM
 #69

It all depends on the project marketing team, but I see quite a lot of projects that do marketing well and there are no problems with it so far. The project opened a bounty campaign not only to find investors but also to build their community stronger

I have seen a huge marketing campaign and projects that created a huge community but end up dying in the end, you can build a big community you can hype a coin but if you have a platform that will not be adopted this kind of project is going to fail and we have a long list to prove that, and big numbers are gone.
 

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March 26, 2020, 04:59:07 PM
 #70

Referencing your subject, i think it depends on how you view it.

On a marketing side, except a project lists on binance (who offers exclusive marketing skits) i think projects need Bounty hunters for marketing purposes.

It might be in form of an Airdrop or a contest or a full blown Bounty campaign

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March 26, 2020, 05:05:39 PM
 #71

I totally agree with you on this one. Majority of the post bounty hunters make on this forum is only seen by fellow bounty hunters. And the posts made on social media are usually seen by their friends and relatives who might not even know what crypto is or might not be interested in crypto at all.

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March 26, 2020, 05:20:07 PM
 #72

I totally agree with you on this one. Majority of the post bounty hunters make on this forum is only seen by fellow bounty hunters. And the posts made on social media are usually seen by their friends and relatives who might not even know what crypto is or might not be interested in crypto at all.
Only if they shared the right way and they also believes that the project that they are promoting is for real. Sharing something into social media with
good and ideal information can lead other people to support the project.
It's how the hunters works with the token/coin that they are participating with..



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March 26, 2020, 08:55:05 PM
 #73

Bounty alone is definitely not enough, trading, investing in good projects can actually also fetch good money, this is only when you look for the right project, will suggest old projects, doing bounty alone is not advisable, also offline jobs is also good, but if you can't get profitable offline jobs, then you can do Monday re of airdrops as well, if you have capital, go for trading cryptocurrency or invest in reliable projects or even hold some btc and eth long term.

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March 26, 2020, 09:03:41 PM
 #74

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.

Some ICO uses ads  to attract investors.
But some only post their logo on the screen and didnt show any pros to their projects.
So it is really hard to determine a promising project.
They only have a small chance to have a good price if they  have a lots of vote from a know trading site .

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March 26, 2020, 09:28:56 PM
 #75

      It is true that projects through bounty campaigns are promoted more for bounty hunts. The project team and its good management are the key elements for promoting the project, but it is not everything. The investor will invest, only if the project is prospective, and the whitepaper is very important.

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March 26, 2020, 09:50:02 PM
 #76

Really good and quality projects with good planning and funding, often do not hold a bounty campaign. The dev team is very confident in the quality of the project and its products are able to attract investors and form strong market confidence. But that does not mean that projects that hold bounty campaigns are not good, it's one way to disseminate information and form a wider network.

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March 27, 2020, 03:01:23 PM
 #77

It is something tough, maybe bounty is not really enough, maybe you need a lot more stuff, but bounty is the thing that you need to do to start.

Yes, you need to have a good idea, good roadmap, good white paper, good team, good developers, good ceo, good promoters, good relations with exchanges and many other good stuff, all of them combined makes you a great currency, with one of them missing you are not going to be a top coin, however if you remove bounty hunters than all of them are worthless, bounty hunting is what you pay the bounty hunters to actually get your name heard, get your currency known, if you do not pay them, how are you going to market your project to masses? Are you going to advertise on google and youtube? You need bounty hunters as the number one thing first.

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March 27, 2020, 03:27:25 PM
 #78

Nobody ever said doing bounty alone is enough to attract potential investors, one of the reasons I think project owners conduct bounty is to build an active community, have good supporters, bounty is just a part of the marketing and it is some how cheaper with many participants than other form of marketing.

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March 27, 2020, 03:39:07 PM
 #79

Absolutely! Bounty brings a certain amount of investor and rest of all investors comes from partnership and through the team's approach! In 2017, AMLT team said bounty hunters brought 500 investors for our project, we are grateful to them! So 300- 500 investors are a good number for any project!

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March 27, 2020, 03:57:50 PM
 #80

Nobody ever said doing bounty alone is enough to attract potential investors, one of the reasons I think project owners conduct bounty is to build an active community, have good supporters, bounty is just a part of the marketing and it is some how cheaper with many participants than other form of marketing.


You are absolutely right! Bounty is to build a strong and large community! All the project's social followers come from bounty campaign, therefore all those retweets, contents help the project to come in the front page of google! Therefore it can bring some investors too!

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