BMs, does bounties help the project?

[stomachgrowls]

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?

Would you ever think on why projects do mostly make out some bounties on this forum? They do know that this place is the most relevant in terms of crypto traffic.

You should really mind off that everything isnt an assurance when it comes to marketing stuffs or simply with business.It would neither be considered or would be
rejected because it all matters with projects potential and real use case on which it would really be giving out support on such project.

Exposure and marketing does help but those are only one of the factors because those qualities i do mentioned above is the most
important consideration.

[1715075796]

1715075796

[WalkerIVIV]

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.

TBH bounty was only for pushing the marketing but the dev of project will be playing a lot in this. A project like payaccept already raised almost 2 millions USD after they have been running bounty as promotion for a few months. I mean the hunter didn't even get paid even a few cents while the developers have raised million dollars from the investors.
Basically, the dev can learn from the mistake about what things that make them didn't reach the minimum funding but as you said that these days there are also so many launchpad and this can also help them to push funding to their target. Don't you see AAVE? this project was doing the biggest bounty in the world as a participant get paid more than 2 millions USD with the current rate https://bitcointalk.org/index.php?topic=2078686. Vulcan forged, Hex, Utrust and many tokens listed on binance have ever done bounties as a part of its promotion in here.

[leea-1334]

You are not wrong. I get all the points of the above people but the truth is as you have heard yourself from the projects who pay for bounties,,, that it is a waste of money. But let me clarify a few things.

Firstly, projects say it is a waste of money but they actually are stupid to think that bounties can bring users or even token buyers. It only brings people who want free things. So what you pay for when you get bounty people is a lot of numbers and followers on social media. They are not users but if you pay for that, you get exactly that, nothing more. This is mainly why projects do not pay in the end. They thought getting 10000 Telegram users would bring in at least some token buyers.

Secondly, have you seen the quality of bounty hunters? Shilling like influencers, with no actual use of the product or service,,, but without the actual ability of influencers to convince people to buy. Not to mention many of them use bots and fake copy paste machine learning tools to produce content. I think BMs have a big responsibility here to first of all ensure project is legit, and second of all to ensure the hunters are real people who are users themselves. The problem is I do not see any bounty project with a requirement for hunters to actually use the product.

[ultrloa]

You are not wrong. I get all the points of the above people but the truth is as you have heard yourself from the projects who pay for bounties,,, that it is a waste of money. But let me clarify a few things.

Firstly, projects say it is a waste of money but they actually are stupid to think that bounties can bring users or even token buyers. It only brings people who want free things. So what you pay for when you get bounty people is a lot of numbers and followers on social media. They are not users but if you pay for that, you get exactly that, nothing more. This is mainly why projects do not pay in the end. They thought getting 10000 Telegram users would bring in at least some token buyers.

Secondly, have you seen the quality of bounty hunters? Shilling like influencers, with no actual use of the product or service,,, but without the actual ability of influencers to convince people to buy. Not to mention many of them use bots and fake copy paste machine learning tools to produce content. I think BMs have a big responsibility here to first of all ensure project is legit, and second of all to ensure the hunters are real people who are users themselves. The problem is I do not see any bounty project with a requirement for hunters to actually use the product.

Not totally a waste of money if they execute the right marketing promotion with verifying their target audiences that's why campaign manager role is important and the owner should get a reputable manager so they can verify the social media friends of the participants is real people also on which their hired influencer really have a good active community since if they hire random people then expect that you can get bot participants and not real one so the result they will end up getting not paid as well the real users who joined their bounty will not be paid.

[Anonylz]

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 think the best way to get an accurate answer is to ask the projects team themselves, like for instance, the project you are currently campaigning for, you can ask if the months of doing campaign for that project is worth it, from what i understand DigitalGold has been running their signature campaign for a long time now and they are still running it, so the question is, if the campaign is not worth it, will they keep paying for promotion here?

[Cornia]

I think of course Bounty help the projects. Bounty is a great way to spread the word about a project in short time. If Bounty had not helped any project, it would have lost its popularity by now, and no project would pay for Bounty.

[Looper_U]

Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too

[Oilacris]

I think of course Bounty help the projects. Bounty is a great way to spread the word about a project in short time. If Bounty had not helped any project, it would have lost its popularity by now, and no project would pay for Bounty.

Come to mind off that not all projects are legit, most of them are shit and scam/frauds which they do really pay but into those tokens/coins which doesnt really have actual value.

On general, bounties are still relevant considering that this place had the most crypto traffic today then it would really be just sensible on showing up some exposure on this
place yet investors are mostly lurking on here.

So as to speak that it is still helpful and to those who said it isnt then their projects are shit.

[TheUltraElite]

Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too

The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.

Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.

[Taskford]

Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too

The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.

Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.

For some reason there are project fails its because first they don't have clear proper outlook towards their project. Second there team member is unknown or not transparent to show their identity and last they rely to much on the campaigns here and didn't do any follow another marketing to increase the hype of their project that's why they end up failing and blame it to the campaign and its participants.

Also for thinking about listing well I can say they are success to that since meaning they are getting sales on their ICO,IDO,IPO or any words what they to conduct token sales. And those exchange listing is the prize for their investor and bounty hunters since they will get their compensations for participating their project.

[TheUltraElite]

For some reason there are project fails its because first they don't have clear proper outlook towards their project. Second there team member is unknown or not transparent to show their identity and last they rely to much on the campaigns here and didn't do any follow another marketing to increase the hype of their project that's why they end up failing and blame it to the campaign and its participants.

That last point you said is a lame method sometimes taken by some hyped owners to attempt to promote their project. While the first two are defenitely true for some, having a good whitepaper and a team developing a working product solves a lot of the first hand problems, which when added with a proper marketing can help launch a project provided other factors are being stable.

Also for thinking about listing well I can say they are success to that since meaning they are getting sales on their ICO,IDO,IPO or any words what they to conduct token sales. And those exchange listing is the prize for their investor and bounty hunters since they will get their compensations for participating their project.

The one thing that negates all that is the failure of the project. If the project fails or the team goes AWOL the price will tank and never come back up. Bounty hunters will never be able to sell at those prices and their work essentially went to zero. There is no legal approach to this and most cases they die out pretty soon.

[Fatunad]

Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too

The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.

Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.

For some reason there are project fails its because first they don't have clear proper outlook towards their project. Second there team member is unknown or not transparent to show their identity and last they rely to much on the campaigns here and didn't do any follow another marketing to increase the hype of their project that's why they end up failing and blame it to the campaign and its participants.

Also for thinking about listing well I can say they are success to that since meaning they are getting sales on their ICO,IDO,IPO or any words what they to conduct token sales. And those exchange listing is the prize for their investor and bounty hunters since they will get their compensations for participating their project.

Everything should really be in proper place so that investors or people around would able to know on what the project is all about and the roadmap does it have so that anyone would tend to check out will definitely have the idea on what or on where the project would really be goin.Marketing does work but depending on the projects potential if its good or bad or simply copy cat in the market.Investors woudlnt really be that dumb
on not to seek for the best one and this is where demands do really differ because there a projects which arent really focusing much or spending lots in marketing but still succeed because
the people do see its real potential thats the case on which do really happens.