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Author Topic: Managing bounty may seems easy but it is not a easy task at all  (Read 250 times)
JohnBitCo
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July 20, 2021, 01:18:26 PM
 #1

Coming from the thread Hire me as your campaign or bounty manager assistant!, I personally think that managing a bounty is not a easy thing to do. Its not easy to go through all the social media posts and  calculate the stakes and distribute them evenly.
Apart from this counting and distributing stuff, the campaign managers have to make sure that they project they are managing should not scam as in case of any mishaps, bounty hunters only blame the bounty manager.

Life of bounty manager is tough for sure.

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July 20, 2021, 03:10:17 PM
Merited by yahoo62278 (10), ETFbitcoin (1)
 #2

Coming from the thread Hire me as your campaign or bounty manager assistant!, I personally think that managing a bounty is not a easy thing to do. Its not easy to go through all the social media posts and  calculate the stakes and distribute them evenly.
Apart from this counting and distributing stuff, the campaign managers have to make sure that they project they are managing should not scam as in case of any mishaps, bounty hunters only blame the bounty manager.

Life of bounty manager is tough for sure.

Have you ever managed a campaign before? As Yahoo mentioned in the other thread that It was a lucrative task to manage a campaign 2-3 year ago, as in early days, projects usually get lot of investments during crowdsale and they pay very good rewards to the people working for them. But these days projects usually gets very little fundings like $1m would be a lot for them, so they pay accordingly, not to mention those projects which are created just to get some fundings without having any marketing budget, So they pay very little to the bounty manager. And for a "Good bounty manager", those rewards are usually not enough, because he has hired people for him to manage different campaigns, reviewing hundreds of entries every day.

But I'm with projects owners too, As these days I have seen hundreds of hunters who have created many alt accounts to spam the campaigns, and the content they create is "useless", It usually brings "ZERO" results to the project in terms of the investment.

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July 20, 2021, 03:25:14 PM
 #3

Coming from the thread Hire me as your campaign or bounty manager assistant!, I personally think that managing a bounty is not a easy thing to do. Its not easy to go through all the social media posts and  calculate the stakes and distribute them evenly.
Apart from this counting and distributing stuff, the campaign managers have to make sure that they project they are managing should not scam as in case of any mishaps, bounty hunters only blame the bounty manager.

Life of bounty manager is tough for sure.

Have you ever managed a campaign before? As Yahoo mentioned in the other thread that It was a lucrative task to manage a campaign 2-3 year ago, as in early days, projects usually get lot of investments during crowdsale and they pay very good rewards to the people working for them. But these days projects usually gets very little fundings like $1m would be a lot for them, so they pay accordingly, not to mention those projects which are created just to get some fundings without having any marketing budget, So they pay very little to the bounty manager. And for a "Good bounty manager", those rewards are usually not enough, because he has hired people for him to manage different campaigns, reviewing hundreds of entries every day.

But I'm with projects owners too, As these days I have seen hundreds of hunters who have created many alt accounts to spam the campaigns, and the content they create is "useless", It usually brings "ZERO" results to the project in terms of the investment.

I have not managed any campaign but the question being asked is whether managing a bounty is a easy task or a difficult task. Some may think it is easy (https://bitcointalk.org/index.php?topic=5349962.msg57494694#msg57494694), but i think otherwise.

Whether Manager gets good pay or the projects get enough exposure is another lengthy discussion. If answer to both of these question is No, then why bounty managers keep on managing bounties and why projects onwers keeps on promoting when they know the outcome will be zero  Huh

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July 20, 2021, 03:32:59 PM
 #4

It just looks easy but based on the amount of work needed to be done when computing and checking different accounts to see if they qualified or not, it's a tedious task for sure. I have read somewhere that this should be a full-time gig and not just a side-line. This is to ensure that the managing of the bounty or campaign has excellent quality.

What makes it easier is that there could be tools to help you optimize your process and possibly develop a system that you are comfortable with.

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July 20, 2021, 03:48:10 PM
Last edit: July 20, 2021, 04:02:17 PM by YOSHIE
 #5

Life of bounty manager is tough for sure.
Not really, no matter what you do, if someone has expertise in that field, for example campaigns, the job will be easy to do, provided you have the expertise, unless you don't have it all.

For some people if you see, the work is complicated, but there are other people who master the work he does it easily, it's a law of nature, natural example: a woman in your eyes looks bad, but in the eyes of others she is beautiful.

The bottom line: the work that can be done by that person, may not necessarily be done by someone else and vice versa.



About companies deceiving participants or managers who do not want to pay tokens, if you have previously entered into an agreement with them with an agreement or guarantee, For example: the campaign will be paid with xxxx tokens, before the ICO campaign is finished they cannot distribute the tokens, all you need to do with them is a guarantee agreement with other coins like BTC/ETH that you keep, the equivalent of the token value which has to be distributed to participants.
You will be safe in all doubts and scams, if the company doesn't want to pay the tokens at a later date, you have a hold of another coin before the campaign is over.

Thus, the campaign manager does not bother to think about the company in negative things, on the other hand, companies should think twice before distributing tokens to bounty participants, as they have already provided a guarantee in the form of BTC/ETH to the manager Bounty, before the campaign ends.

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July 20, 2021, 04:11:58 PM
 #6

👍About companies deceiving participants or managers who do not want to pay tokens, if you have previously entered into an agreement with them with an agreement or guarantee, For example: the campaign will be paid with xxxx tokens, before the ICO campaign is finished they cannot distribute the tokens, all you need to do with them is a guarantee agreement with other coins like BTC/ETH that you keep, the equivalent of the token value which has to be distributed to participants.
You will be safe in all doubts and scams, if the company doesn't want to pay the tokens at a later date, you have a hold of another coin before the campaign is over.

Thus, the campaign manager does not bother to think about the company in negative things, on the other hand, companies should think twice before distributing tokens to bounty participants, as they have already provided a guarantee in the form of BTC/ETH to the manager Bounty, before the campaign ends.

I never heard of such grantees where the companies pay to the manager in the form of btc, eth or any token which is already have value on the exchanges.
In that case, a better option for the companies could be to start a bitcoin campaign and get more exposure.
Normally, the projects prefer to pay in their native token because there is no worth of the tokens and in case of failure of project, they have nothing to lose.

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July 20, 2021, 04:48:14 PM
 #7

It's not an easy task for you, but not true for everyone those are related to bounty management. Same like if you aren't a web developer then develop a site with coding hard tasks for you. But it's not a hard task for a web developer at all. Once a time bounty managers had value, but nowadays you will bounty managers everywhere in the forum. Even many newbies managing bounty or working as an assistant. So, it's still easy managing bounty, but it's hard to maintain quality.

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July 20, 2021, 06:30:15 PM
 #8

I did not expect that the discussion from @bbc.reporter's thread will escalate and get a dedicated thread.

whenever you watch someone do something well, you think it's very easy. when you look at some top football team that wins and scores goals easily, I would say it’s easy and simple to play. but the fact is that there is a lot of hard work behind it.
People here watching some managers, announce a new campaign almost every day and it looks like an easy and simple job. there is certainly a lot of serious work behind it if done professionally.

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July 20, 2021, 06:50:20 PM
 #9

If you do not have a good idea or expert about something, it will be a difficult task for you. If you see other managers managing the bounty and you want to manage the bounty yourself without the right idea about the job, then very soon he will not get a campaign because of unprofessional work. There are currently a lot of managers in this forum, which has also increased the competition a lot. So if @bbc.reporter maintains quality and has the ability to manage campaigns in a professional way then he can definitely manage the bounty.

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July 20, 2021, 10:29:26 PM
 #10

Bounty management isn't easy job, but it's not most difficult task in the world. It's not rocket science after all.
I don't know why, but it looks like campaign management is dream job here on Bitcointalk. People have impression that manager in general just have to count posts and make payments and get paid decently for it. And this is why there is so many managers (and many wannabe managers). I think there is more managers than campaigns in the market.
And I think we should separate Bitcoin paying campaign management and bounties. I think that bounty management is quite shity job nowadays. It's not just about payments. When there is so many scams, managers are risking their reputation in case if project will turn into scam.




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July 21, 2021, 07:52:20 PM
 #11


Have you ever managed a campaign before? As Yahoo mentioned in the other thread that It was a lucrative task to manage a campaign 2-3 year ago, as in early days, projects usually get lot of investments during crowdsale and they pay very good rewards to the people working for them. But these days projects usually gets very little fundings like $1m would be a lot for them, so they pay accordingly, not to mention those projects which are created just to get some fundings without having any marketing budget, So they pay very little to the bounty manager. And for a "Good bounty manager", those rewards are usually not enough, because he has hired people for him to manage different campaigns, reviewing hundreds of entries every day.

As i expected, This is one of many reasons the Bounty Management is so hard, and that's why I'm seeing projects that have already gathered money are launching the bounty and are paying in Tokens.
Most of the Bounties were paid on ETH blockchain and months ago the fee was huge and paying thousands of Bounty hunters was like 30-60 ETH easily, Even now paying 2000 Bounty hunters on ETH blockchain will result in around 20 ETH fee is the fee is under 0.01 ETH which it is these days.

The second reason would be Good Managers wouldn't accept bounty that is only paying in tokens, which in the future might only end up in a dumpyard and it's hard for a new and legit project to pay Bounty Manager upfront in BTC/ETH/USDT, etc. But paying the manager in those methods and with or without Tokens creates a situation where the Project's team believes in their success and is ready to spend from their pocket without waiting for CrownFund to pay the manager.

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July 22, 2021, 12:23:07 PM
 #12

If you do not have a good idea or expert about something, it will be a difficult task for you. If you see other managers managing the bounty and you want to manage the bounty yourself without the right idea about the job, then very soon he will not get a campaign because of unprofessional work. There are currently a lot of managers in this forum, which has also increased the competition a lot. So if @bbc.reporter maintains quality and has the ability to manage campaigns in a professional way then he can definitely manage the bounty.
Well, if you really want to become a campaign manager, better that you learn something or at the least do some apprenticeship with other veteran managers if you want to learn about the ins and outs of managing your campaign, of course it's hard, there's no job that pays that's easy to do but along the way you will learn.

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July 22, 2021, 01:11:39 PM
 #13

I think that a lot depends on what kind of bounty campaigns bounty manager is running.

Checking signature tasks seems easy. Just number of posts during week period and that is it. Usually there are not so many participants in signature campaign.

Social media - this is more monotonous work than hard. Just open links, check hashtags, check dates, fill spreadsheet, repeat.

Articles/video - these two are most complicated. For it will be hard to watch and read all that crap created/plagiarized from projects webpage/whitepaper and later evaluate all that...

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July 24, 2021, 02:51:22 PM
 #14

it's quite understanding both signature campaign and bounty campaign none of them is easy the way expected, but from outside view of this management of this two above name mentioned, it's quite clear that the stress via managing a bounty is at higher stressful than signature managing campaign, so at this scenario i prefer working under someone than managing campaign, but i notice that almost eight five percent (%85) user's of this community are here to adopt knowledge not inquisitive to grab money, so therefore new users have understand the concept that our major aim to be here is to elevate the uses of cryptocurrency to the society.

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July 24, 2021, 04:25:07 PM
 #15


But I'm with projects owners too, As these days I have seen hundreds of hunters who have created many alt accounts to spam the campaigns, and the content they create is "useless", It usually brings "ZERO" results to the project in terms of the investment.
I am honestly surprised that bounty campaigns in the current form ( content creation, social media campaigns etc) still exist and it looks to me that it's a relict of that ICO craze back in 2017.

I mean, I can't imagine anyone investing based on some crappy article written by an (usually) illiterate bounty hunter, or some crappy YouTube video of a random guy reading whitepaper, as that's what is usual end result. Don't let me start about "reach" that an average Twitter/Facebook bounty hunter has...

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July 24, 2021, 06:25:56 PM
 #16

Excellent in depth analysis of what it means to be a bounty manager, OP.  I'm sure it took you all of 45 seconds to slap together that merit-grabbing attempt of a post.  Hopefully nobody is silly enough to think OP really thought this was a topic worthy of its own thread and give him merits. 

Aside from that, it amazes me that some campaign managers (I don't have any experience with bounties) are like robots in terms of how consistently they pay their participants, whereas others are spotty to say the least.  Lutpin was one of the latter types back when he managed campaigns.  He'd pay late or have to do double rounds, and it was an inconvenience when bitcoin was as volatile as it was a few years ago--a late payout could mean losing a loss of a lot of purchasing power.  And yeah, I know being in a campaign is supposed to be a privilege and all that, but let's be honest--there's an agreement between two parties; one does the work of advertising, and the other has agreed to pay out at a certain time every week/month/whenever.

What I'm saying is that it's very nice if you have a manager that pays his participants regularly, and they're not left guessing as to when they'll receive their coins.

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July 25, 2021, 05:12:10 PM
 #17

Life of bounty manager is tough for sure.
I don't know how life of a bounty manager is tough. If you think getting bounty campaign is tough then it might be. Though after a prior experience that is not too difficult. But if you think managing a campaign is too hard. Then you are wrong, managing a campaign is enough easy.

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