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Author Topic: Importance of social media channels  (Read 2462 times)
JHORN
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May 26, 2020, 09:05:00 AM
Merited by Ryushin (3), Balladtony77 (1)
 #1

It's seems many still don't know the importance of social media channels and telegram groups of the coins and tokens they own or promotes

Some hunters and investors lose vital informations like

1. Token swap
2. Smart contract swap
3. Bounty KYC
4. Bounty payout time and date

Many investors and bounty hunters makes this mistakes over and over and later they blame the project team. Just imagine the damages these can create.



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May 26, 2020, 09:20:49 AM
 #2

Token and smartcontract must have done easily and i think it should always be opened to make sure the whole investors or hunters can get the new tokens. It's a shady thing for the developer to close it when there are some people still not aware about that.

KYC must have been mentioned when the campaign was started and the hunters can understand the risk to participate in the campaign.

The bounty payout is depend on the team and something there will always be a change in this rule.

It's not totally the fault of investors or hunters. Sometimes the developer was changing the rules and introduce KYC at the end of the campaign. That's the fault of the team.

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May 26, 2020, 09:29:21 AM
 #3

Token and smartcontract must have done easily and i think it should always be opened to make sure the whole investors or hunters can get the new tokens. It's a shady thing for the developer to close it when there are some people still not aware about that.

KYC must have been mentioned when the campaign was started and the hunters can understand the risk to participate in the campaign.

The bounty payout is depend on the team and something there will always be a change in this rule.

It's not totally the fault of investors or hunters. Sometimes the developer was changing the rules and introduce KYC at the end of the campaign. That's the fault of the team.

 About the token smart contract I've seen some people who walked away from the token or coins they keep in their portfolio, they keep no track at all, a token swap that takes place 5 months ago can't be recover, it's not devs fault when such happens, investors need to constantly track their portfolio to avoid missing any information

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May 26, 2020, 09:31:54 AM
 #4

Token and smartcontract must have done easily and i think it should always be opened to make sure the whole investors or hunters can get the new tokens. It's a shady thing for the developer to close it when there are some people still not aware about that.

KYC must have been mentioned when the campaign was started and the hunters can understand the risk to participate in the campaign.

The bounty payout is depend on the team and something there will always be a change in this rule.

It's not totally the fault of investors or hunters. Sometimes the developer was changing the rules and introduce KYC at the end of the campaign. That's the fault of the team.
You said KYC must have been mentioned?? Are you new on here? Many bounties end up changing their rules once bounty campaign is over, same thing happened with ARCC bounty this year, I failed to follow their telegram, not knowing they've tell hunters to fill KYC form and which of course has limited time, I missed out big time on this and the token has huge value

OP is very right about everything, I'm giving the post my merit

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May 26, 2020, 01:52:15 PM
 #5

It's seems many still don't know the importance of social media channels and telegram groups of the coins and tokens they own or promotes

Some hunters and investors lose vital informations like

1. Token swap
2. Smart contract swap
3. Bounty KYC
4. Bounty payout time and date

Many investors and bounty hunters makes this mistakes over and over and later they blame the project team. Just imagine the damages these can create.



this is one of the reasons why you need to follow every social media channel of the coins you are holdings.

If you are just a short traders any update they will give is not a big problem , but if you are long term investors you should always check the new update and development they give that's a basic things to do as investors to check it always. Since there are many problem always occurred  while they are developing it, knowing it will give investors a chance to choose wether  its still good to hold it or decide to dump it that time you read the update.

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May 26, 2020, 01:54:22 PM
 #6

It's very important to have connection with all the possible social media accounts if you are investing in a project for getting update and announcement. However, I doubt many investors use social media. Also, all these updates are available in all the coin tracking websites. I think most people just keep tracking information from such sites.
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May 26, 2020, 01:55:54 PM
 #7

yes I often see events like that and for that I never leave social media channels after I support a project so I don't miss information. in my opinion the most comfortable social media is telegram because we can ask questions and get answers quickly

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May 26, 2020, 01:59:56 PM
 #8

Token and smartcontract must have done easily and i think it should always be opened to make sure the whole investors or hunters can get the new tokens. It's a shady thing for the developer to close it when there are some people still not aware about that.

KYC must have been mentioned when the campaign was started and the hunters can understand the risk to participate in the campaign.

The bounty payout is depend on the team and something there will always be a change in this rule.

It's not totally the fault of investors or hunters. Sometimes the developer was changing the rules and introduce KYC at the end of the campaign. That's the fault of the team.

Indeed, just like the project called SWACE, they already distributed the token, and after sometimes they implemented KYC for the token swap.  Not only that, but those who bought the old SWACE (before the announcement of swap) were also ignored and disqualified from swapping.  This thing called swap is just an excuse of these shady projects to scam those token holders and bounty hunters that promote their project.

On the brighter side, I do agree that social media channels are very important for the token update.  I once lost my chance to swap my token because I missed their telegram announcement about that swap thing.

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May 26, 2020, 02:00:17 PM
 #9

Once we join in a campaign as bounty hunter, we must be updated at all in their projects, channels especially telegram or discord to be updated on what latest. More importantly if we are a investor as we need to support or atleast know where are investment goes. In these case the company needs to update all their platform so many investors might be attracted since their keeping them updated and may inspire others to invest to them too since they are continuously updating their product and keeps on developing it even after crowdsourcing.

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May 26, 2020, 02:10:05 PM
Last edit: May 26, 2020, 02:33:27 PM by palle11
 #10

It's seems many still don't know the importance of social media channels and telegram groups of the coins and tokens they own or promotes

Some hunters and investors lose vital informations like

1. Token swap
2. Smart contract swap
3. Bounty KYC
4. Bounty payout time and date

Many investors and bounty hunters makes this mistakes over and over and later they blame the project team. Just imagine the damages these can create.


You are right in some of the points you listed above but I think that the reason some. hunters don't follow keenly, the channels by checking on a very close intervals is because at the end of the day, it amounts to time wasting because no matter how you want to follow the channels, a scam project will only waste your time and never distribute any thing to you. And this is annoying.

In my experience here, I prefer to do a bounty without :

KYC. If KYC is stated, I mostly will not sign up if it is not a trusted BM. What's the point for KYC and get shit pay ($3 for 7weeks bounty for example  Shocked) or no pay and information/data goes public.

Also, why will a project not finish up with their SWAP issue before flagging out a bounty ? The SWAP should be their issue and not mine.

I don't think is worth it in signing up to bounty with headache because no guarantee to get payment since is not a btc campaign.
However, I have found a thread that I follow to sign up for bounty if I'm interested. If the bounty is not added up on the thread, I won't border signing up or being serious. Most of the bounties here are keeping up to bidding at least for now, no need to waste time. https://bitcointalk.org/index.php?topic=5228629.0

You can add to the list : Knowing when listing in exchange
Whether fake/scam exchange to avoid transferring your shit coin over there  Grin

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May 26, 2020, 02:10:47 PM
 #11

That's why it is important to read everything before joining a campaign and as a bounty hunter before I did make some mistakes that almost waste my hardwork if not being compensated. Luckily, the manager is quite good that he still give me a chance to give some of my stakes, although it is not that complete but still I'm lucky to get my share for working so hard in a couple of months.

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May 26, 2020, 02:13:38 PM
 #12

Many follows telegram channel of the projects they promote or invest money on but the problem is they fail to keep checking updates on the group, I've learned a lesson too and now I know the important of group channels, well said OP

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May 26, 2020, 02:28:40 PM
 #13

...
Sometimes, some bounty hunters or investors are not interested to join the channel. Or, they probably don't know that the projects have a certain channel. Or, they are not active in the channel or telegram group. Actually it is not only about the telegram group but also Discord, Linkedin, and many more.
. Number 1 to 4 seems to be the information for the bounty hunters. But for the investors, most of the developer team will contact them through the email or others. They are rarely for the investors to be active in the telegram group like what is done by the bounty hunter.
For the bounty hunter itself, the functions of the groups do not only for those things.

Here are some additions:
1. To communicate with the Bounty manager, project developer, and also other participants.
2. To reveal or know early if the project is a scam or not,
3. To communicate any complains or issues during the bounty or after the bounty
4. To solve problems when there is something wrong with the bounty hunters or its BM.

However, the most important thing to be active in social media is to communicate and discuss everything about the project, bounty campaigns, rules, changing requirements, and other important announcements.


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May 26, 2020, 02:31:53 PM
 #14

It's seems many still don't know the importance of social media channels and telegram groups of the coins and tokens they own or promotes

Some hunters and investors lose vital informations like

1. Token swap
2. Smart contract swap
3. Bounty KYC
4. Bounty payout time and date

Many investors and bounty hunters makes this mistakes over and over and later they blame the project team. Just imagine the damages these can create.




This is very common with some hunters, they are very quick to join bounty but never quick to follow updates by joining all the social media of this project if necessary not to miss out, but some hunters just fail to understand this important part, is the reason why some hunters will complain about stakes long after spreadsheet was handed over to team.

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May 26, 2020, 02:35:36 PM
 #15

It doesn't make sense to promote a bounty project and end up ignoring it's future updates, when will you know If rules have been changed?? After all the stress bounty hunters go through while promoting projects I still don't believe they can ignore staying update about the bounty

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May 26, 2020, 02:41:46 PM
 #16

It's [CURRENT YEAR] so you have to have a social media presence.


Joke aside, yes. If your project doesn't have social media, how do you expect to reach people? How do you expect us to believe that you're interested in decentralization if everything happens in a shady backroom with no communication to investors and community members? Most of the TOP 50 coins are there thanks to their communities and not due to the tech backing them up.

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May 26, 2020, 03:03:03 PM
 #17

Joining social media channels is important when you join their bounty campaign. Because they inform every update of the project through social media channels. It is often seen that project teams add some new rules after the end of ico. This is because the fewer hunters are paid, and the more hunters can be eliminated the more, it is their intention. So if you join their social media channel you will know every update. And they won't let you down easily.

Not just for bounty payments, many times many investors have lost their money due to token swap. I myself have been a victim of it. I bought a coin, and the team decided to swap the tokens. They gave updates on their social media channel but I didn't join their channel, so I didn't get the news of the swap. The result was that I lost my money. So even if you buy any coin, you should join their social media channel.

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May 26, 2020, 03:09:31 PM
 #18

Investors and bounty participants should follow their project closely specially when they haven't swapped as mentioned on their roadmap. The project should also give enough time for it's investors to swap the coin and send all of them emails personally. The complication also remains when you have a large number of coins to track. So, IMO it's better to hold just a dozen of coins at max and keep a close look at their development.

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May 26, 2020, 03:12:10 PM
 #19

The social media channels are very important for all projects because it was like an active medium or information portal for the project's progress and development, achievements, listing, and promotion, etc. without social media, all of those crypto projects are boring and in a hard time to disseminate all the information they want to share for all of its investors, users and supporters. Thats why for me social media serves as an important part of all crypto projects today.  

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May 26, 2020, 03:14:53 PM
 #20

OP has a big point here, I remember Cartesi bounty campaign, after bounty ends many bounty hunters don't bother to check telegram for updates and another form was later released for bounty participants to fill and drop their eth address, this makes many lose their rewards in the end, I hope they learn from their mistakes

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