BMs, does bounties help the project?

[libert19]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

[jrrsparkles]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

Maybe you can get an answer if you PM the bounty managers because I don't think most of BM is never going to visit the section for sure.

I believe it was helpful until the end of 2017 when ICOs were peaking then there also bitcoin paying signature campaigns for tokens and altcoins but after that we didn't see much of the bitcoin paying signature campaigns which itself a sign that its not really helpful so they choose other form of advertising.

[noorman0]

The definitive answer should involve the project developers themselves. In general, statistics on campaign results and effectiveness can be viewed and evaluated while the campaign is in progress, and even then only the team can access it.
I have seen several times the campaign was stopped by the manager after a few days because the team judged there was no improvement.

[sovie]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

Certainly, a lot depends on the rules of the campaign and on which social media it takes place.
Certainly, it is also very important that the bounty manager checks very carefully whether the tasks has been performed correctly by the participants.
If high standards and quality are maintained, the campaign will definitely have a positive effect.

[batang_bitcoin]

Those successful projects but didn't conducted a bounty. They're not focused in the forum and that's why we haven't seen them around. The successful ones that I've seen and saw not in the forum, they're more focused with the partnership they have with exchanges so that the benefits is with them.
After their sale, they're already into that exchange and the budget that they might allocate to the bounty, they'll just have to pay the exchange and they do the rest.

[Adbitco]

Yes there are lot of projects with their personal funds to finance all their requirements and needs.
Bounty is not compulsory that project must run, to my point of view. Bounty is only for awareness to make spread the project also to seek more investors all over.
A good projects is always and good project and bounty managers doesn't have power to make project successful, all they do is to launched the bounty and monitors every activities of all participants.
Otherwise we can say "bounty is alternative means of fund raising".

[vv181]

And those few who have done it + were successful, considered it waste of token allocation.

If I might ask can you give me an example of that? I believe that some projects already calculated and reserved some token allocation specifically for the bounty.

Yet this forum is littered with many bounties, may be I'm missing something?

I don't know for sure but I assume by the fact bounties keep popping out, it gives a sign that somehow bounties are able to give some projects exposure. Whether it's some shitcoins or some decent project, Bitcointalk is known as a place whereas cryptocurrencies bounties are listed here. And the things that some bounty are not particularly focused on this platform, like the bounty hunter are needed to post the project on other social media might indicate that it somehow gives some "value" to the project.

[libert19]

And those few who have done it + were successful, considered it waste of token allocation.

If I might ask can you give me an example of that? I believe that some projects already calculated and reserved some token allocation specifically for the bounty.

JRT, this was back early 2018 ig, shortly after bounty was done they said, bounty was given unnecessary allocation, it did nothing good for project.

[rodskee]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

not being malicious but i believe because most of those who runs bounties are teams of scammer and i believe that there are group of people that organized in running multiple projects just to scam people and bounty hunters.
and obviously why those scam project succeed? because there are still bounty hunters that willing to participate even it is an obvious scam.
so this is the reason why many project fails even they conduct bounties because of investors already Knew them.
and those succeed that does not conduct bounty are the projects that has legit team and future.

[Strongkored]

maybe out there this forum is considered one of the best places to introduce their project and get the attention of many crypto lovers.

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

not being malicious but i believe because most of those who runs bounties are teams of scammer and i believe that there are group of people that organized in running multiple projects just to scam people and bounty hunters.-snip-

it is very possible that the people behind the project are the same people using other identities, so the original goal was really just to scam people, especially this forum is a free forum so they don't have to spend a lot of money to promote in this forum to get a lot of investors

[cryptoaddictchie]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

I'm a consistent bounty hunter last few years ago but didn't seem to continue my bounty life as some of those are started to fade or giving not satisfactory reward. I remember I did som compilations for helping others pick some good bounty but it seems I can't continue since the trend is going down for good projects or let say legit one that pays good for participants. Maybe, I'll try again next time if I found or the wind changes for campaign.

[peter0425]

I don't see many successful projects having done bounties.

And those few who have done it + were successful, considered it waste of token allocation.

Yet this forum is littered with many bounties, may be I'm missing something?

I'm a consistent bounty hunter last few years ago but didn't seem to continue my bounty life as some of those are started to fade or giving not satisfactory reward. I remember I did som compilations for helping others pick some good bounty but it seems I can't continue since the trend is going down for good projects or let say legit one that pays good for participants. Maybe, I'll try again next time if I found or the wind changes for campaign.

Yes , I am one of your follower Kabayan , I even posts many times in that specific thread you created to Help us find a worth joining Bounties.

But like what you said time fade and legit projects are turning off in which there are very few that pays well most ended up scamming.

But like what OP tries to Imply here, i don't think that Managers has something to do if the owner of the projects scammed people because they are only being paid for their job in conducting bounties.

[bakasabo]

First of all, bounty manager wont answer your question, because he is the same hired person. Project dont usually share their bounty statistics. Their goal is to attract attention in media with the help of bounty. But since projects create posts, write articles and run promotions by themselves, parallel bounty, it is hard to tell which investor came from bounty, and which came directly.

The only feedback you can get from projects about bounties, are from small projects with newbie SMM. Projects that runs bounty and expect huge investments to be immediate. Projects that think bounty campaign = lots of money, while not having a great idea behind the project. The only feedback you can get from them is "we stop bounty, as it was unsuccessful and we are not satisfied with results".

[libert19]

"we stop bounty, as it was unsuccessful and we are not satisfied with results".

If that's what project does, then that project is failed one. You did work, you deserve to be paid. I have done few bounties where the admins were dissatisfied with results yet they paid.

[TheUltraElite]

I don't see many successful projects having done bounties.

Maybe you are looking at the wrong timeline. The ICO craze or any other craze that has happened in crypto only helped the ones who were among the first few. Beyond that the balance shifted more to shitcoins than useful coins.

Also bounties have now become a method of attracting cheap labor and vanishing projects are very common with no legal implications at all. Hence the members who wish to spam managed to create a lot of spam during such times back in 2016-2018.

And those few who have done it + were successful, considered it waste of token allocation.

It is debateable, some projects saw success in campaigns while some did not. The concept of bounty could have been better if this "cheap labor force" concept did not become popular. You can see signature campaigns being more successful than bounties.

Just my 2sats, maybe a manager can speak better on this topic.

[Mamun74]

I Think bounty manage who will not share his projet goals.Bounty huter promotion their project in social media. They are feedback only for bounty hunter like some investor come. I Think BTC signature campaign is better than bounty.Bounty reward didn’t satisfied us.But Think bounty hunter needed Every project for promoting social media post.When they have more improvement then his project will be successful and reached their goals.

[sovie]

"we stop bounty, as it was unsuccessful and we are not satisfied with results".

If that's what project does, then that project is failed one. You did work, you deserve to be paid. I have done few bounties where the admins were dissatisfied with results yet they paid.

That's right, but if the project doesn't have a good idea, is poorly organized and only hopes to raise money quickly and then disappear, do you really care about tokens that will have no value, because most likely they won't even be listed on exchange?

[libert19]

"we stop bounty, as it was unsuccessful and we are not satisfied with results".

If that's what project does, then that project is failed one. You did work, you deserve to be paid. I have done few bounties where the admins were dissatisfied with results yet they paid.

That's right, but if the project doesn't have a good idea, is poorly organized and only hopes to raise money quickly and then disappear, do you really care about tokens that will have no value, because most likely they won't even be listed on exchange?

That's fair, I meant for projects who solely don't pay bounty hunters just because bounty results didn't turn out as they expected. They could still be having tge, etc.

[dark1234]

I Think bounty manage who will not share his projet goals.Bounty huter promotion their project in social media. They are feedback only for bounty hunter like some investor come. I Think BTC signature campaign is better than bounty.Bounty reward didn’t satisfied us.But Think bounty hunter needed Every project for promoting social media post.When they have more improvement then his project will be successful and reached their goals.

BTC payment campaigns are indeed very feasible and bounty because they will pay according to the rules but their project is certain and clear. In contrast to bountys, the success rate is still unclear so it is not uncommon for them not to pay, or pay with payments that are not in accordance with what has been announced because the sales target is not appropriate but the bounty hunters will get a payment that may be larger than the bitcoin payment campaign if the project being followed is successful and becomes a trend so that there are many enthusiasts even though the sale has been completed

[arwin100]

"we stop bounty, as it was unsuccessful and we are not satisfied with results".

If that's what project does, then that project is failed one. You did work, you deserve to be paid. I have done few bounties where the admins were dissatisfied with results yet they paid.

That's right, but if the project doesn't have a good idea, is poorly organized and only hopes to raise money quickly and then disappear, do you really care about tokens that will have no value, because most likely they won't even be listed on exchange?

That's fair, I meant for projects who solely don't pay bounty hunters just because bounty results didn't turn out as they expected. They could still be having tge, etc.

Well if they can fund their project to make it continue then they should pay the hunters and they can decide whether they lower down the rates to protect the investment of their investors, if they can't do it then its a huge red flag since this mean that the project owner didn't care about his community and they only want to make their pocket fat so I guess its time to move on at them and never do any buy back since most of this project turn scam.