Do you know bounty? I think everyone definitely knows what it mean. In short, bounty is a payment after completing a task from someone project. There are many task have been offered on some project, like the twitter campaign, facebook campaign, ANN translation , youtube campaign and many more. You will got stakes (total shares) every week and after complete the campaign (usually 1-3 month) you will get the reward from developer or campaign manager.
For many users, I think it's what you know about the bounty definition, how to join and how to get it. Most users register this forum only to join bounty campaign.
The reasons :
- No need to learn about bitcoin or altcoin, brand new or new comer can join
- The task is simple and legit (have been proven on many other bounty hunter)
- Get invited or attracted on youtube videos
Actually, the full definition about bounty is
Bounties are rewards in tokens that a cryptocurrency/blockchain project gives away after a user successfully completes a certain task. The tasks can vary and we’ll talk about them later in the post, so stay tuned.
Crypto bounties showed up on the stage as a marketing tool that helps startups to promote their projects. Since most tokens are based on the Ethereum platform, you’ll need an active Ethereum wallet to receive your reward.
SourceSo, as we can see the purpose of bounty program is
"promoting their project". Every single campaign you join and completing the task, you're promoting their project to you friends or investors to buy their token to reach
Softcap or maybe
HardcapA soft cap is the minimum needed for the project to proceed and a hard cap is the amount that they will accept no more than. For instance a soft cap could be 10 million and a hard cap 30 million meaning if the project does not attain 10 million it will not proceed and also if it reaches 30 million no more can be contributed.
A project who reaches softcap usually has potential to be a good and success project. This will make many more investors is attracted about this project and invest it more. Even reach "softcap" is not always make the project is good or successful, but at least it's made the bounty program is successful. What if the project doesn't reach softcap? This means the project is unpopular and doesn't have many investors. Why the project doesn't have many investors and not popular? It's because the marketing and promoting of the project is not good. Who is the marketing of the project?
Developer and team, Who is the promoting of the project?
Bounty hunterHonestly, I didn't know what the problem behind of marketing in the project, maybe unprofessional team or scam project/team. But, I know what the problem about the bounty hunter why didn't get many investors. The problem is "Many bounty hunter using fake facebook, twitter, youtube etc to promote the project". I can say like this because most of their social media is using auto follower to gain maximum friends/followers for getting more stakes (reward). The friends/followers is not a real human, only a bot... Does bots know how to invest on your project?
According to the forum rules, Does using auto follower for social media is prohibited and violate forum?
No, there are no rules about this case. Does this violate the campaign rules?
No, they haven't written about this. But, if you keep doing this while participating a bounty,
never hope your project can be successful and have valuable tokens.I have checked the HackenAI spreadsheet here
https://docs.google.com/spreadsheets/d/1SvCHzzfhHa4TPHSn-XC2ADsCOSbgFrunDx5iyK8vsuY/edit#gid=1916942513If you check their facebook or twitter, they have a great amount of friends from their account like 4500++. But if you visit the account and look their post, they never got many likes and comment from his post
(Mostly 0-1 likes and 0 comment). The friends number and the likes/comment are very not equal. Thinks logically, does 4500 friends can't likes (at least 10 likes) to your post? and got 2-3 comment?. In my experience even I'm not popular and only have 1200-1500 friends, I still get around 15 likes and 1-2 comment to each post in my facebook account
Furakare Facebook account https://web.facebook.com/afif.kurniawan.96199
J0hns Twitter account https://twitter.com/Cryptoomist
Okolie1 Facebook account https://web.facebook.com/echeozor.barthson![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FD4XVGFk%2FScreenshot-465.png&t=665&c=J9Zd3vaKSfj0pw)
I make this thread because there are so many people is complaining about the failed project, bankrupt, and doesn't distribute their token to bounty participants. They're mad and disappointed from failed project, but they didn't "aware" what he do to their project. If my explanation about bounties etc is wrong, you can suggest to correct it.