Bounties explanation and the reasons why many project is failed

[imstillthebest]

To be fair dude, a real account with thousands of followers (a.k.a legit paid shill) will charge you real $$$, and it's expensive. If the project doesn't have real $$$ to spend and only promised to give the only-God-knows-the-price token, you will expect fake accounts with fake followers. As simple as that

LOL... can't put it any better than these. The promoters want everything for free and they want the quality as well. Things don't go on like that. If you want quality, then you need to pay. If I have a few thousand real followers, then I'll refuse any bounty campaign which ask me to post about the project 10 times a week. That is unless, they are willing to pay me a few hundred bucks per month.  

crypto world can be a better place if all hunters are going to be like you  but the reality is not  .

hunters do also create accounts that mostly have fake followers too just for the sake of working on a social media campaign and promote some projects  for some coins   . those who have legit accounts with hundreds and thousands of followers are also less likely to accept such offer because they arent attracted on bounty hunting    .  bounty owners need quality so that their project can achieve a good impression too  .

[1715457312]

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[1715457312]

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[acdc]

I think this depends on the different projects, there are projects that achieve success thanks to the bounty hunter promotion. There are also many projects that achieve success because their products are very good and welcome people.
Bonus campaigns contribute somewhat to the success of a project, but that is only a very small part and it cannot be completely decided.

[Denreal]

Liking, sharing or commenting on posts by your friends on social media is subjective.
People have or know what they have interest in. If you post a crypto-related post on social media, even if you have a million friends, there will only be few among them that will like that subject matter called cryptocurrency. Except all your friends are crypto enthusiasts, but this is not so common, most especially on Facebook and Twitter.
So many people have real followers on their social media and not bots, so, @OP, you cannot make such a generalized conclusion.

Take for instance:
If I make a post of my graduation in school or wedding picture/video on Facebook, so many of my friends would like and comment. in fact, I can have thousands of like. This is because they have an interest in my achievements in life, particularly in those areas, but coming to crypto-related matter, hardly will I have up to 5 likes.
The most important thing is for them to see my posts and with constant posting and reposting, without spamming, it will start registering in their memory, which might make them have an interest in it later.

[ningrum]

from my experience following the bounty that failed is from the project itself, if you want to join the bounty make sure the project is completely clear about their members, and make sure their tokens are listed in the exchange, if already listed, I think to join the bounty program is not a problem

[cytpoway121]

You are making a mistake and I think it is as regards about what you know about digital marketing.

Social media Bounty programs are not created for likes, Retweets or comments, it is solely for interaction and activity spread.

How do i mean? For example if i make a post about bitcoin, the post is spread across the Facebook platform and you cannot guess the number of post viewers.

If you think social media posts don't work, why do you think the likes of kucoin hosted a kucoinplay Bounty? Or why do you think binance requested a retweet to donate to covid19 because they know the imparts of social media in crypto currency

[pikkie]

from my experience following the bounty that failed is from the project itself, if you want to join the bounty make sure the project is completely clear about their members, and make sure their tokens are listed in the exchange, if already listed, I think to join the bounty program is not a problem

indeed the developer team usually determines whether the project is successful or not and usually when there is a good project the support of the developer will be very important to make tokens can be registered at the exchange and have a high price or a stable price.

[minairia3]

Yeah I only pick random project to give some example of fake social media account who join the bounty. But, I found a thread HackenAI is failed to sold his token Hacken ai IEO failed

They havent finished sales on on the exchange. But still pushed through trading schedule, normally any project would extend another rounf if thats the case right? But they did not means funds are not really a problem with them.

Here they are trading now: https://oceanex.pro/en/trades/haibtc

Also with their main project hacken to proceed with their swap of hkn to hai tokens, investors of hkn will adopt hai trading position. So the market will shift to a new one. So its fine not to succeed or finished their IEO.

I think the hunters who joined this will still be able to have some profits.

[someone703]

Yeah I only pick random project to give some example of fake social media account who join the bounty. But, I found a thread HackenAI is failed to sold his token Hacken ai IEO failed

They havent finished sales on on the exchange. But still pushed through trading schedule, normally any project would extend another rounf if thats the case right? But they did not means funds are not really a problem with them.

Here they are trading now: https://oceanex.pro/en/trades/haibtc

Also with their main project hacken to proceed with their swap of hkn to hai tokens, investors of hkn will adopt hai trading position. So the market will shift to a new one. So its fine not to succeed or finished their IEO.

I think the hunters who joined this will still be able to have some profits.

The current price is $ 0.009 and that is an acceptable price for new projects at the moment. And I also appreciate this project when they don't do other IEO rounds to raise money. The project has been listed and certainly in the future the price will be pumped vigorously

[Dhoe]

I think this depends on the different projects, there are projects that achieve success thanks to the bounty hunter promotion. There are also many projects that achieve success because their products are very good and welcome people.
Bonus campaigns contribute somewhat to the success of a project, but that is only a very small part and it cannot be completely decided.

I think Bounty Hunter has a big impact if a project wants to promote project well-known to investors. The failure of a project is not due to Bounty Hunter factor but because the developer who is not focused on taking care project based on the roadmap. A good team also influences a Crypto project.

[betty11]

Thank you for this analysis and a classical case study. Well, bounty managers and project developers must insist on social media account audits to fish out spammers and scammers, and should be about 98% scores. If there is anyway they ca use any developed AI to eliminate fake accounts of bounty hunters, this will be very nice, with this, good projects won't be suffering from huge loses. I don't participate in social media campaigns because I don't have a heavy account, so I won't be able to get decent reward.

[peter0425]

This is such a good explanation about Bounties and worth reading,But i am also aware from the previous years in which there are some projects that reached the HardCap but yet turns up scamming the bounty hunters.
there is one example the JINBI project of Sylon in which the teams claim that they have successfully Hit the Hardcap but after years now?still hunters are looking for answer can you please explain how can this be related to those mentioned above?i think there is really some Groups that manipulating the community.

[joseyphil82]

Let's stop believing the appearance of new projects, many of these projects are here for money only, they offer investors something that looks very real and legit looking but they have a wild plan to steal all along

[Jawhead999]

It is true that it is impossible that the reason I participated in the promotion of the project was the failure of the project, because many projects still survive and have a rewards and airdrop program. so the op reason doesn't make sense.

https://bitcointalk.org/index.php?topic=5243926.msg54309910#msg54309910

I am not agreed, you can't blame bounty hunter,  bounty is for promote world wide and growth big community, investors can't come from promoting post, project must need responsible team.

Oh some fake bounty hunter, I have checked you're one of the fake social media too
https://web.facebook.com/parvinmw 7000+ Friends


https://twitter.com/Meghna732 5000+ Followers

People have or know what they have interest in. If you post a crypto-related post on social media, even if you have a million friends, there will only be few among them that will like that subject matter called cryptocurrency. Except all your friends are crypto enthusiasts, but this is not so common,

Are you sure? What about this account, he have crypto enthusiasts friends but still doesn't get many likes or comment
https://web.facebook.com/erfan.maulida.31


Not really, this account is share about crypto and still get many likes and comment, at least above than 0-2 likes
https://web.facebook.com/barry.line

You are making a mistake and I think it is as regards about what you know about digital marketing.

How do i mean? For example if i make a post about bitcoin, the post is spread across the Facebook platform and you cannot guess the number of post viewers.

If you think social media posts don't work, why do you think the likes of kucoin hosted a kucoinplay Bounty? Or why do you think binance requested a retweet to donate to covid19 because they know the imparts of social media in crypto currency

How you can comparing not equivalent project?
Bitcoin (top 1 cryptocurrency), Binance (top 1 exchange), KuCoin (top 10 exchange), and HackenAI only rank 6718 from 7167 coin. These information I got from https://www.coingecko.com/

For many popular and trusted crypto/exchange they have their own traffic, because when you search on google like "best crypto,best exchange" you can simply got many blog/videos mentioning about bitcoin, binance and many other top crypto/exchange. I have checked binance usually create airdrop, the requirement is only retweet or share binance ANN and doesn't written "must 1000 followers bla bla". So everyone feel free even to use 10-100 followers account, and this can make people prefer to use his real account with real followers. How about other unpopular crypto likes HackenAI? You will never find any blog/videos about HackenAI if you don't type "HackenAI" on your google search.

Also both Binance and Kucoin is old project, they doesn't have a lot competitor in the past. For now, it's very hard.

This is such a good explanation about Bounties and worth reading,But i am also aware from the previous years in which there are some projects that reached the HardCap but yet turns up scamming the bounty hunters.
there is one example the JINBI project of Sylon in which the teams claim that they have successfully Hit the Hardcap but after years now?still hunters are looking for answer can you please explain how can this be related to those mentioned above?i think there is really some Groups that manipulating the community.

Honestly, it's different case IMO... because what I explain above is bounty hunter cheated the project, not project scams the bounty hunter. We can't do anything for scams project unless give negative trust to the owner/team account in this forum. In other side, we can do more selective about choosing good bounty hunter in this forum. But, I think this can't be suggest to the next bounty because they will don't care about this. I only want to expressing my opinion about many failed project on Bounty hunter subjectivity

[cahbagus555]

Let's stop believing the appearance of new projects, many of these projects are here for money only, they offer investors something that looks very real and legit looking but they have a wild plan to steal all along

Agree, what needs to be considered in a new project is the team behind it. Many scam projects have a good whitepaper and also a roadmap that looks promising but what happens is that the project is detrimental to many investors

[mdzahed134]

There have been series of bad bounty projects or even fake projects that paid bounty hunters very well before exiting scam, for example miracle tele, as a bounty hunter I'm much into my payment for promoting projects, whatever happens later on is not my business

It’s correct also i received a payment from failed project dexage, after exchanges listing it’s worthy, they distributed full allocation although it was failed. Hunters was waited to sell when will unlocked, developers not response we are asked over and over how to claim in myetherwallet, even though BM also didn’t claim his token.                        

[thesmallgod]

Hmm, I wonder what percentage of Bounty campaigns were successful earlier (2017) and what percentage of Bounty campaigns are successful now.

You cant compare the commitment of the investors then and now. Then, people are ready to put money into a project and there is a lot of hope that they will make their money back but today there are many issues facing the project and bounty campaign. Many investors are not ready to invest due to scams. A lot of bounty hunters are regarded as dumpers and dev team will do anything to protect their token if get listed

[acdc]

I think this depends on the different projects, there are projects that achieve success thanks to the bounty hunter promotion. There are also many projects that achieve success because their products are very good and welcome people.
Bonus campaigns contribute somewhat to the success of a project, but that is only a very small part and it cannot be completely decided.

I think Bounty Hunter has a big impact if a project wants to promote project well-known to investors. The failure of a project is not due to Bounty Hunter factor but because the developer who is not focused on taking care project based on the roadmap. A good team also influences a Crypto project.

There are many projects that achieve success without the need for bounty hunters, they have their own way of promoting.
The bounty hunters have contributed to the success of the project but the most important thing is the quality of their products.

[Sterbens]

Hmm, I wonder what percentage of Bounty campaigns were successful earlier (2017) and what percentage of Bounty campaigns are successful now.

You cant compare the commitment of the investors then and now. Then, people are ready to put money into a project and there is a lot of hope that they will make their money back but today there are many issues facing the project and bounty campaign. Many investors are not ready to invest due to scams. A lot of bounty hunters are regarded as dumpers and dev team will do anything to protect their token if get listed

It will be difficult to compare such things because there is no special percentage for bounties from 2017 until now, but that has changed since investors no longer trust new projects because they often fail and make them disappointed with failed investments, of course they will lose a lot of money.
So now investors are more careful in choosing new projects to invest in, right?

[makishart]

Let's stop believing the appearance of new projects, many of these projects are here for money only, they offer investors something that looks very real and legit looking but they have a wild plan to steal all along

Not at all. Some new projects have already started with small amount of money or even with the airdrop. I can tell you now that TWT has already made by trusted wallet and it used airdrop mechanism and it's not always about money. So many failed projects have created nothing to be proven.

[tokoorochan]

Let's stop believing the appearance of new projects, many of these projects are here for money only, they offer investors something that looks very real and legit looking but they have a wild plan to steal all along

Not at all. Some new projects have already started with small amount of money or even with the airdrop. I can tell you now that TWT has already made by trusted wallet and it used airdrop mechanism and it's not always about money. So many failed projects have created nothing to be proven.

trust wallet project be an example that not all project talk about money, even their team provide free money to spread their project by participating in their airdrop program. there are another same project to that have good plan and good quality in their developtment, we should not generalize all project were oriented on money.