Is Bounty Campaign a Sustainable way to grow your Crypto Community?

[LEON331300]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

[1715370600]

1715370600

[1715370600]

1715370600

[1715370600]

1715370600

[Bitbtc8]

Bounty campaign is just a part of getting the projects name out to the world, bounties contain Twitter, telegram, Instagram and forum campaigns even articles so yet it's a part, it's left for the team to spend money on more advertisement either using big channel news platform or bill boards, this is why teams are the most vital part of a crypto project.

[imamusma]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

A bounty campaign is a promotional option that involves many people so the prospects can be very different by applying several methods and investors are certainly very happy to see this in all new projects in order to be successful, so the campaign is a good thing to do even though it is not included in an obligation

[MidNite36]

Its all about attracting more investors for the project so yes I expect bounties to be effective way to attract people for example Twitter has many newbies that are looking for new projects to invest, using tweets every day will expose the project for sure.

[hugeblack]

Bounty campaigns are cheap because most of them are paid with the value of the tokens, and therefore if the project fails, the value of those coins/tokens will be lost, and therefore it will not be like losses if you pay with bitcoin or dollars.

The extent of the campaign’s success is related to development, and the ability to keep it valuable. Therefore, if there is no technical development, even if the campaign continues for thousands of years, it will not be feasible.

Secondly, paying with tokens gives a decentralized redistribution of them, which is good if the developers do not control the quantities supplied (pumping and dumping)

[KaliLinux]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

Bounty campaign is just one aspect for Developers to draw attention to their projects but certainly not the only avenue I believe. Of cause, they understand that some investors do have access to knowing your projects via all these various platforms used for Bounties promotion hence the constant creation of Bounties for new projects via such channels which I believe have been very helpful.

[Jackl87]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

I think a bounty campaign can be good for a project or company or it can be bad, it all depends on how the metrics of the bounty are. For example i think the bounty campaings from the casino and betting sites (like the one i am wearing) should be worth the money for those projects. People in this forum usually already are interesting in earning money and/or gambling and when they see that signature they may get tempted to try it out.
A lot of times bounties also can be very dangerous for projects especially for small ones. If you look at the altcoin bounty section then you will notice that 95%of the projects that are offerin a bounty there are very small and new which makes sense but is also dangerous, because after the bounty ends this creates a huge sell pressure from the bounty participants which could destroy the price of the token for a long time or even kill a project completely.

[Maestro75]

Bounty campaigns are cheap because most of them are paid with the value of the tokens, and therefore if the project fails, the value of those coins/tokens will be lost, and therefore it will not be like losses if you pay with bitcoin or dollars.

It is clear with this that this is the reason why most new projects do not like paying with bitcoin or any stable coin where bounty hunters can claim them. They want to pay with nothing. Any projects paying with tokens that are not listed are paying with nothing and that is a waste for bounty participants. I have experienced this treatment with several worthless tokens as payment.

The extent of the campaign’s success is related to development, and the ability to keep it valuable. Therefore, if there is no technical development, even if the campaign continues for thousands of years, it will not be feasible.

I hope this projects accusing bounty hunters for the failure of their projects will read that comment  here. It is truth. Projects think that just going to ICO is the way to success alone without working on the development of their project.

[michellee]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

The bounty campaign is still going well now because by using this type of campaign, the project can be widely known and invite many investors to invest in the project. Especially if the project is really one of the potential projects that could develop in the future, the development still promises to be a project to gain popularity. It could be one that will get a lot of attention from investors. As long as the project can be open with the community and develop their plans, the project will be big in the future.

[Ureung jameun]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

Bounty campaigns have an important role for an altcoin project because through a bounty campaign a project can be known by many parties which can be spread to all social media such as Facebook, Twitter, Instagram, Tiktok, YouTube, articles and others. the presence of bounty campaign participants makes the project rate increase and gives rise to investor confidence.

[AmoreJaz]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

Bounty campaigns have an important role for an altcoin project because through a bounty campaign a project can be known by many parties which can be spread to all social media such as Facebook, Twitter, Instagram, Tiktok, YouTube, articles and others. the presence of bounty campaign participants makes the project rate increase and gives rise to investor confidence.

but in the long run, bounty programs alone will not assure the growth of the project. while there is still interest in the market, the dev team should be fast enough in implementing their objectives. as the saying goes, strike while the iron is hot. because once these bounty programs are over and they haven't made any progress with their targets, slowly people will forget and move on to the next project.
so in this case, it will only be sustainable if they will accompany their promotion with hard work from their end. people need to see that they indeed are working with their deliverables.

[LogitechMouse]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

It isn't as reliable as what you and others are thinking but it is one of the cheapest form of advertising your projects.
I've seen many bounty campaigns here already and some of them became successful because of it or well it is one of the reasons why they become successful. Although there are some who are successful, most of them didn't end up well for some reasons.

Relying on bounty campaign alone in growing up your community isn't good. In the end, even though you have a successful bounty campaign it will still depend on how the people and investors sees the project. If they see it helpful to them then they will be interested, curious and might invest into it. If people sees that there are some developments into the project then they will invest into it. Growing a community is one of the hardest parts of starting a new project.

[bitkanu]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable?

You must remember the cycle. The bounty campaign used by the project to draw attention from the new users and to make the community even bigger. I think that you may feel doubt if you join in a project with small community rather than join in a project with big community, The usefulness of bounty to growt the community but this totally depend on the result from the campaign. If the bounty able to create a good ecosystem and this can sustain for the long term. i rarely seen the project that have done bounty for long term.

Is it reliable enough to grow your project?

It's realiable enough as long as it's also straight with the development progress that happened in the project.

[bamb]

The sustainability of bounty campaign strategy in growing your community might be in doubt, but you can not deny the fact that bounty participants will form the initial community member of a project and possibly contribute to the growth of it by investing and advertisements!
I think long term success of project depends on the value been created and the perception of the project and character of the lead dev of the project!

[cheezcarls]

In my opinion, I think it’s not sustainable if most of them are bounty hunters who are just thinking of the rewards rather than believing and supporting the project by heart. As you can see, bounty hunters are always asking in the main group like “when rewards”, “when distribution”, etc.

And also in the bounty program, I see unnatural comments and posts in their group, in which part of the bounty tasks is to regularly comment something “positive”. I can distinguish between natural and “unnatural” posts and comments from them.

It’s much better to grow the community organically because that’s where the true supporters are. Nothing wrong about bounty program that is one method of growing the community, as long they are supporting the project for real and not just having about the “bounty reward” mindset only.

[masterrex]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

IMO, the bounty and airdrop campaign is the cheapest form of crypto-related marketing and promotions because most bounties are just paid on their native tokens so that's a big help to that project and save their funds. Thats why bounties and airdrops are very useful to build communities on social media, etc. so I think it was still reliable.

[kaya11]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

In some cases it is effective, some projects manage to go for the long run because of great numbers of participants and support from their community. Like for example online casinos, there are some still manage to remain, whatever the market condition is. There are also projects that did not make it, and they have large number of campaign participants, they also hire known BH in here and still did not manage to survive. I guess there are factors to consider, the credibility of the dev team and some cases in the condition of the market they release their project.

[smartaction]

No doubtful, bounty campaigns draws a ton of attention to your community and enlighten potential investors about your project. But at the long run, is this development sustainable? Is it reliable enough to grow your project?

Bounty campaigns usually increase the followers of a project's social pages and help to share and like social posts a lot. And the Bounty Campaign basically increases the holders' tokens of a project because there are so many Bounty Hunters working here and they get free tokens. It doesn't really care about investors, but for a long time running a bounty often reaches  investors and they are interested in investing. There are many bounty hunters who invest in bounty as well as projects. that's it.

[EmmaGod]

I believe bounty is one of the most effective ways to boost the publicity of a project coupled with the fact that the bounty hunters are in most cases knowledgeable about the industry and could be part of the project community. It gets better when the bounty is done for a long period of time and the project developers are committed to ensuring that the community members are satisfied.

[Rahman11]

A bounty campaign is a Crypto Marketing Strategy under which potential contributors (bounty hunters) perform promotional activities on behalf of a company in return for a percentage of the project's tokens. So, it involves creating small tasks for bounty hunters to perform and paying tokens in exchange.