jaberwock
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November 06, 2020, 06:32:21 AM |
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Do not forget about escrow. If you are going to do a bounty and you are willing to give the tokens to the bounty manager, that will boost your popularity and the amount of people that apply to your bounty as well.
Also limiting is something not many place do because they want as much people as possible, hence they just say "we are giving away 100k tokens, distributed according to work put in to as many people as possible" and with that they know that they will not pay more than that 100k token (which is free to them honestly) and they are getting as many bounty hunters as possible. Which is why I believe it is important to deal with these two facts, do the escrow with the bounty manager and also do a limited number of applicants and you are going to have a wildly successful campaign.
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Balladtony77
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November 06, 2020, 06:37:56 AM |
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The most important thing about a crypto project is listing on a big exchange but unfortunately it's not so cheap like many small exchanges, and unfortunately majority of investors prefer investing on IEO from top Exchanges, my advice to devs is never release a project if you aren't up for the best moves.
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bluebit25
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November 06, 2020, 07:34:29 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares. 1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
Yes, these are essential and important for those who really need it. We all want it for the best, but nothing is easy or free. Please send this recommendation to some professional BMs, I believe denied as homeless people illegally enter. We've been here for a long time, also had a lot of discussion but I feel you need to understand this. We are here to help make that project reach more people and spread blockchain and crypto to everyone. But this is not where you think the project will serve you, so think more comfortably.
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Reid
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November 06, 2020, 07:54:08 AM |
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No. Even with all your suggestion, they will still try to look for another way to blame. They just pinned their errors to bounty hunters even though it is just a small portion of the whole pie. Obviously, that is the start of a scam attempt.
If they are really a good project they can make up even if all the hunters will sell their tokens. They can even just buy it back for a cheaper price than the ICO price.
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BitTraderCute
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November 06, 2020, 08:20:09 AM |
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My suggestion for homeless people.
1- find nice house 2- buy house
Thats how your sugestions looks like for someone who is in crypto for few years. I have one more:
My suggestion for starving people.
1- buy food 2- eat food
addition from me sell in high buy on low. thats how we will earn profit in market for all traders. 3. Go for strong exchanges with no fake volume
Listing the new coin project in strong exchange is need huge money and that doesn't mean the new project will be a great project after list in strong exchange. One important tips from me, Tokensale is the main way to see the result of project. not all project could realized it , only few project that have huge fund and good quality able to make it realized. and ofcourse it will not happen in short time, maybe several months after tokensale finished.
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jessyj48
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November 06, 2020, 08:41:37 AM |
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Agreed, many good projects team lack how to go about bounty campaign thing, they just hire anyone available and the campaign will be plague with different type of problems, mind you not all new projects have rich CEO of strong partnerships that will invest on the project, some really can't afford top exchange listing
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trauchot
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November 06, 2020, 08:43:07 AM |
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It would be nice, of course, but unfortunately, about 90% of cryptocurrency companies that conduct bounties lists their cryptocurrencies on scam exchanges, where the price of any cryptocurrency drops to zero, and many bounty managers already make a limit on participants in bounty companies and this is the right move, well, of course I would like all bounty companies to be Escrowed from the very beginning.
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joseyphil82 (OP)
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November 06, 2020, 08:47:33 AM |
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They should rather buy some decent already tradable coins and use them as bounty collateral so that people don't have to speculate if and when the coin gets listed and what the price will be.
Everybody will know the team is serious and the promotion is worth a certain amount of money for them not some wothless tokens that might get distributed in 6 months and exchangeable in 8.
We both know that its far easier paying bounty hunters in native token than using stable coins or ethereum as payment for bounty hunters, not all team will agree to this strategy, some projects ICO or IEO are still far away when bounty got introduced meaning they have no fund to use to buy other valuable coins for bounty hunters
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istiak2277
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KUWA.ai
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November 06, 2020, 09:39:07 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.
1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
I think if any project is really doing something for the crypto space then they would have a proper marketing plan. Only low quality or any project that aims for exit scam will promote their project for free. Some high-ranking members suggest joining only those project that is managed by reputable BM or higher-ranking members. Bounty allocation will not be a problem if that project is good. Hunters can not dump a million dollars market easily.
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kindbtc
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November 06, 2020, 10:51:54 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.
1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
The only way for tokens to not lose value could be by paying the bounty hunters in stablecoins and not the project tokens. Secondly, there should not be big discounts or bonuses during tokensale and team should have some buy back and burn strategy.
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Davian144
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November 06, 2020, 11:28:58 AM |
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So much blame always go to hunters whereas the allocation for marketing should not cause any good project to dump if marketers sold. If you allocate a little portion of your token for marketing and then it seem to affect your project trading price, then it means the projects isn't well grounded.
If all mistakes are addressed to bounty participants, then that person is very stupid, because basically every project that creates a campaign in the forum is always looking for participants for the promotion section even though the number is sometimes limited, then what is the bounty participant for if in the end they always to blame and if the project which does not have a bounty participant, the token price will not go down? try everyone to think about this for a moment so as not to immediately accuse him with completely inaccurate evidence.
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Anonylz
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November 06, 2020, 11:30:04 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.
1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
You have hit the nail on the head... - Finding a good bm is key because we have several of them the forum that are well known with good reputation and also very committed, a good bm can make the campaign experience smooth, - Exchange listing is subjective in this case because it depends on the capability of the team to pursue a strong and top exchange or go for something less in the main time, - 100% in support of accepting limited participants, just like my current campaign and the previous one, they are all limited campaign which is very reasonable for both the participants and the growth of the project (price wise) - I use to frown at this particular option until my participation in the Dia campaign and i realize it was not such a bad option, because in no time the 3 phase is coming to an end, so yeah it is a good way of controlling price.
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Quintrix
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November 06, 2020, 11:31:42 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.
1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
I don't like phase distribution, so many bounty hunters suffered from this phase distribution, I have a phase distribution from a project that I forget and it took them a whole year before they distributed the whole token, and the token eventually loses its value, the bounty hunters is guaranteed to lose on this phase distribution, please don't treat your co hunters slave if you treat yourself one.
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ije07
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November 06, 2020, 11:39:40 AM |
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A great advice is when project managers Escrow with the project team they manage, limiting participants so that the allocation to bounty hunters is worth the effort as long as they promote the project, they should list the tokens on the top platforms to attract market investment too.
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Zazzu
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Living the truth....
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November 06, 2020, 11:56:40 AM |
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I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.
1. Find good bounty manager 2. Give up only few decent allocation 3. Go for strong exchanges with no fake volume 4. Accept limited participants in your bounty campaigns 5. Introduce phase distributions
I agree with all of them and the most important thing to me is the 4th one, when they share it as stakes, would be difficult to find out if it worth it or not since we don't know how many would participate till last seconds.
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Squezzi55
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November 06, 2020, 02:09:51 PM |
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Limited participants and low bounty allocation is more better than unlimited participants and high bounty allocation, this will prevent the token or coin value to collapse, bounties isn't about how many tokens you can earn, it's about the quality of the project, quality gives higher value
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DabsPoorVersion
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November 06, 2020, 03:03:27 PM |
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4. Accept limited participants in your bounty campaigns
This is what matters the most nowadays, Since bounty hunters are being blamed by investors and the project itself for the sudden decrease in price of the token, they should at least reduce or try to limit their bounty participants. It is not only for their good but also for bounty hunters who are expecting a decent reward for promoting the project.
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ice098
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November 06, 2020, 04:52:21 PM |
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3. Go for strong exchanges with no fake volume
These are good! I mean I have seen a project that looks good and promising but their supply is too big, yes they raised a good amount of money , but what makes them into deficit and fail? their exchange, they thought listing in that exchange will help them to raised more, they launch their IEO in their then later they found that exchange is having a fake volume and transaction. Let me give you hint, it is in top 20 exchanges in cmc.
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jacafbiz
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November 06, 2020, 07:04:11 PM |
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I find it disturbing for someone to think he/she has a better opinion of how things should be done. There are many successful bounty campaigns in the past and they have deployed different methods of how to go about their project. There is one thing I have observed in this space, everything is relative so make your choice
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el kaka22
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November 06, 2020, 08:01:21 PM |
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I disagree that it looks as "obvious" as you guys are making out to be, it is not as "obvious" as you might imagine when things are this hard to achieve and majority of projects fail to do this. Look at bitcointalk bounty part and you will see that half of these things listed here are not done by many projects, there are really only just a few places that does all of this correctly without missing a single one.
It means, it does look "obvious" to you but when you get involved with a project and see how hard it is, you realize that if you want to do all of these correctly, you will end up losing most of your money and your investment and you will fail to get rest of the project going if you just focus on the bounty. So they end up not doing all of them correctly and just pick few that will make them look legit.
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