Bounty alone is not enough

[JeotQ]

Bounty can't be enough to gain investors, have you ever see any project that raised fund through bounty promotion? Bounty is just a part to create more awareness, projects use ICO and IEO alike to raise funds so?

[1713873464]

1713873464

[1713873464]

1713873464

[Mila52]

Of course, the main investors are partners of the project, but it’s no secret that many people have additional income by investing in small shares in various interesting projects. And it's thanks to the bounty and social networks that the project’s advertising information is distributed

[Gab20]

The relevance of bounty campaign today cannot be overemphasized. No matter how small the bounty community might be, they will still help in their own to propagate the project to the crypto world.
There isn't anything good without its own shortcomings, even negativities and should not be blamed for that. Some honest bounty hunters will still do their best the give the project the needed shut. With the assistance of bounty hunters, some projects have been able to make it into the market successfully.

[Stedsm]

I don't really get the idea behind asking users to spread these bounties' content over their social accounts like Twitter, Facebook, Telegram as I believe that the only potential investors to be found on a social platform is LinkedIn, but nobody asks for this platform nor talks about it. Bounty campaign is just for those who want to gain those free coins and nothing, and such category cannot be classified as potential investors as you won't find any due to the fact that these people only care about making a buck and are never interested in investing a penny in that project, as well as they don't even invest the coins (BTC or Eth) that they get either through these projects or by selling their tokens.

[roll on]

Bounty alone is really not enough to make the project become successful because doing or launching a bounty is just a first phase of the project and it is made to create popularity on which let the crowd know that a certain project do exist nowadays. Still the future of the project lies or depends into the strategic mind of the team behind the project to present the idea and concept of the project to be able to satisfy the interest of the potential investors and to close a deal to support and make the project work going to the path of success. Project must not only rely on bounty alone because it is just s front phase of letting the project be popular or known and not the assurance for what will be the outcome of the project itself.

[Barbut]

Bounty alone is really not enough to make the project become successful because doing or launching a bounty is just a first phase of the project and it is made to create popularity on which let the crowd know that a certain project do exist nowadays. Still the future of the project lies or depends into the strategic mind of the team behind the project to present the idea and concept of the project to be able to satisfy the interest of the potential investors and to close a deal to support and make the project work going to the path of success. Project must not only rely on bounty alone because it is just s front phase of letting the project be popular or known and not the assurance for what will be the outcome of the project itself.

What is the problem with most of the projects is that they don't know they will need to work very hard in the first couple of years, and in that time to not take any profit! Bounty alone is just a beginning, but every project needs upgrades, constant monitoring, developing on all fields, money they get to invest in equipment. Most of the teams take first profit and they abandon projects and investors stay with worthless tokens.

[Stedsm]

What is the problem with most of the projects is that they don't know they will need to work very hard in the first couple of years, and in that time to not take any profit! Bounty alone is just a beginning, but every project needs upgrades, constant monitoring, developing on all fields, money they get to invest in equipment. Most of the teams take first profit and they abandon projects and investors stay with worthless tokens.

Man, you caught the nerves exactly why an investor fears from investing into such projects:

- Tokens don't get listed on an exchange due to team's laziness or running away with money

- Tokens get listed in a low-quality exchange where no big volume is available, so there's no liquidity in the markets there and the token becomes useless

- Even if there is enough liquidity, people tend not to trade it as it is highly risky because investors are themselves watching for other people to add some volume and pump the token from where these investors start taking out their profits by dumping their coins on these buyers

- Investors fear the possibility of the team dumping all their premined tokens on the markets which will make the tokens go worthless

[hushpupppy]

It depends on the individual, there are several peeps on the forum who use Bounty hunting as their leisure tasks, and they focus on quality rather than quantity.

For them, Bounty is enough because they are opportune to so only signature and contents most time.

But if you use Bounty as a full time job as i do. Bounty is not enough, we need offline jobs too

[TheUltraElite]

What is the problem with most of the projects is that they don't know they will need to work very hard in the first couple of years, and in that time to not take any profit!

All shady startups are like that. They have a lot of vaporware to tell people but are just going to exit the market after a few years. It is the risk that you have to take if you are going to invest in them.

Bounty alone is just a beginning, but every project needs upgrades, constant monitoring, developing on all fields, money they get to invest in equipment. Most of the teams take first profit and they abandon projects and investors stay with worthless tokens.

It is because the abandonment was a pre-determined thing. It cannot be proven but assumed because if project owners have the cheek to sell away the project and turn off all social media communication then there is no denying this fact unless proven otherwise. Bounty is a just a method to make some idiots promote their scam and get more investors, giving them some worthless tokens in return.

[sunshinelegit]

More often bounty leads to empty chats with a lot of bots, unprofessional comments, mainly with the same content, uneducated community members, who ready to kill for 1 Satoshi.

The best promotion for the project - real use cases.

[Novatech8]

New projects have no respect for bounty hunters anymore, yet they need bounty hunters to promote their good or bad projects, after the campaign is over they will start showing some bad behavior, they might postpone payment, cut reward in half etc, since there is no way to know which one is good enough it's either you quit or keep taking risks

[bakasabo]

New projects have no respect for bounty hunters anymore, yet they need bounty hunters to promote their good or bad projects, after the campaign is over they will start showing some bad behavior, they might postpone payment, cut reward in half etc, since there is no way to know which one is good enough it's either you quit or keep taking risks

What kind of bounty promotion are you talking about? Social media platforms? Where 99% of persons followers or friends are bots or multyaccounts, where bots retweet/share projects info among each other? If I were a project representative, I would not pay for that kind of work This wont attract a lot of investors, this would only create "noise" in social media...

But I do agree that postponing payments and cutting reward are bad manners and projects who do that should be tagged as greedy. Plus they should not to be taken seriously.

[FOPL]

I think the other way. Hunters are equally import through out the course of a project. Those angel investors won't have time to consistently keep the the brand awareness online. it the same hunter who form a community to keep the fire burning always. Who will invest in a project with small community. When it come to voting, its the same hunters that helps most project secure free listing and recognition in the space. I believe everyone is equally important  in order for a project to be successful.

[blue_hurricanger]

Yes, good projects utilize everything they could possibly have to promote their project. Bounty is only one in many tools for marketing and if you do it right, you success but if you do it wrong (rule too lax, mult acc,...) then you could hurt your project.

[dataispower]

Yes, good projects utilize everything they could possibly have to promote their project. Bounty is only one in many tools for marketing and if you do it right, you success but if you do it wrong (rule too lax, mult acc,...) then you could hurt your project.

Your point is straight up and very correct 👍. Bounty hunters are relevant, I've invested in two projects after going through articles on steemit, probably done by Bounty hunters, after doing my own thorough research. Hence being an investor and a hunter, I can say that hunters are relevant for project promotion but the team still needs extra effort in marketing. Any team which depends on hunters alone for promotion are not doing it right.

[Festac]

Would be great if there is other ways to make money in crypto than bounties, trading and investing but other ways are very challenging, they require special talents, I believe that bounties is the best marketing tools till date but teams shouldn't depend on bounties marketing alone

[azisjz4]

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.

Very true about all your statement, that success of a project is not just from the bounty. I agree with you, that most bounties, especially social media bounties are only seen by bounties and investors rarely see or are interested in bounties. Important points from the project marketing team by attending various events about crypto are important things from marketing to attract investors. Bounty especially social media is only to achieve the popularity of the project among crypto users.

[gabbie2010]

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.

Very true about all your statement, that success of a project is not just from the bounty. I agree with you, that most bounties, especially social media bounties are only seen by bounties and investors rarely see or are interested in bounties. Important points from the project marketing team by attending various events about crypto are important things from marketing to attract investors. Bounty especially social media is only to achieve the popularity of the project among crypto users.

In addition to this some of bounty hunters too are investor some might have interest in that particular coin beside promoting them they might buy some of the coins during Pre-ICOs, bounty hunters ensures their is a wide coverage in promotion of that particular coin the importance of hunters in marketing and creation of awareness can't be overemphasized take it or leave it.

[JungleOnion]

I have never really understood facebook/twitter campaigns. Participants always have other bounty hunters as friends/followers so the propagation of information only reaches bounty hunters mainly, not investors. I don't see the value in those campaigns other than I guess constant presence on these platforms. I understand translation campaigns as the project is able to reach different audiences, as well as the blog/video campaigns. What hurts the most from executing a bounty is the price after the token is listed on an exchange (if it even reaches this stage) because bounty hunters will sell for anything as they didn't invest their money, they invested their time so they want to see that time have some value. Investors, in the other hand invested money and would like that money to increased in value in time. Two different mindsets that are very opposite in my opinion.

[iv4n]

Would be great if there is other ways to make money in crypto than bounties, trading and investing but other ways are very challenging, they require special talents, I believe that bounties is the best marketing tools till date but teams shouldn't depend on bounties marketing alone

There're many ways for making money in crypto, other than bounties, signature campaigns, trading and investing... I will say how much can you earn depends mostly on your skills. You can start with publish0x or lbry.tv, where you can write on first one, or upload and watch videos on second one. The more time and energy you spend on writing and filming, and if you gather many followers you can earn from that. It's just one of examples, you can try to invest in staking coins and to have some passive income from that.

Bounties alone can be enough, if they cover everything, forums, videos, social networks, blogs... if bounty manager manage to control participants to give their best to promote bounty, it will be visible everywhere. And that's a point of bounties, to be visible everywhere, so people can see it and invest in it.