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

[ScamViruS]

It takes a lot of money to promote a project on a large scale, and there is no guarantee that it will be effective. And here, through bounty campaigns, a project can be easily promoted to a large scale in the crypto community by providing token payment.

So even if for some reason the project fails to reach its goal, the project will not incur huge marketing costs, as bounty hunters will receive token payments. And there will be no loss for the project team for that worthless token.So bounty campaign is very effective in promoting a project.

[cryptoaddictchie]

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 can be helpful. But make sure that the project has solid gig so that userd can use the platform. Bounty campaign helps attract users but you need to attract potential investors too.  If all the activity are only for promotional and an irresponsible one then youll only gain is community of airdroppers and not those who willing to use the platform.

[tabas]

It is effective to let the community know that a project exists. And if it's about sustainability of growing the crypto community, that's a bit off separation and question.
Well, the bounties are making everyone interested on it to engage in the community with the help to grow that project through promotion.

[crzy]

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?

Once you succeed on Bounty campaign you can be consider as a good project to invest with since most of the campaign here are ok and there’s a lot of successful project today really came here. Though there are still no guarantee that it can make your project grow since this will still depend on the purpose of the project and depends on how the team handle it.

[Natalim]

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's a marketing strategy for investors who try to sell their project and gain investors, with a bounty campaign, it will help the project to gain popularity so it's really helpful for the community to grow and for people to get aware that the project exists. if it's not effective, then that would have not existed anymore, so I guess in the future we will see more projects getting introduced because there are people who are willing to help spread the news.

Just bear in mind that the community is big, it's composed of crypto enthusiast people with different goals, and that already includes bounty hunters and investors.

[1CentAlsoWorthForMe]

Using social media platforms like Twitter and Facebook to communicate information about the project is a very effective method for attracting investors' attention and getting them interested in the project. I believe the reward campaign will be viable as long as its purpose remains relevant. I believe that bounties will be an effective way to attract people. For example, Twitter, reddit, Medium have a lot of newbies looking for new projects to invest in, so tweeting every day will definitely expose the project.

[wxa7115]

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?

If there is a good project behind it then of course it is a good way to bring more people, after all with the huge amount of coins that we have in the market probably the most difficult thing for a project that is just starting is to get the community to acknowledge their existence.

And a bounty campaign is a good way to do that, however if there is nothing behind the project and the community sees that it is just one of the many coins that exist in the market then whatever attention the project got will eventually dissipate, however if there is in fact a good project behind it then people will begin to promote the coin on their own without the need of any bounty, bringing more people which could be interested in supporting the project in some way or form.

[goldkingcoiner]

I think I am well abled to speak here. I advised a number of projects in the past, and by my experience, bounty projects have a very mixed result. Depending on how good a project looks and if the tokens are seen as valuable. Usually bounty campaigns are joined by bots and third worlders who don't follow the rules and spam away copy pastes hoping to make a quick buck. This not only does nothing, since their 20k twitter followers for example, are all fake, but it also damages the reputation of the project itself.

But again, depends on if the project is percieved as valuable and legitimate. I have worked with badly planned ICOs with no future. Bounty campaigns did not help them.

If its all done the right way, it can really boost your audience. But that requires careful planning skills and detailled work. Thats not something that bad projects /poorly funded projects have.

[Anguwa]

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, in general, have a significant impact on the development of new projects; they help to present the project to the community via social media platforms such as Twitter, Facebook, Telegram, Instagram, and Reddit, as well as signatures on the Bitcointalk forum. Prior to project development, I believe it is reliable.

[coin-investor]

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?

Yes, a bounty campaign can help or push your project every good project needs an advertisement but the one thing that will make investors and people in the community support your project is how good your project is, even if you have a long campaign and attract a lot of campaigners it's still useless if your project nature is just a pump and dump one.

[Captain Corporate]

 Honestly, bounty hunters may not be the people you want as your investors, because they will rarely invest and they will make sure that they are only taking money out of you, and not putting any money in. However, they are certainly a great way to increase your numbers and that is also a great way to get money as well. Imagine a project with 10k followers on twitter, and imagine a 1k one, and now imagine a 100k one. Which one would you feel likely to invest in? I would definitely consider a 100k one, and check if it is good and if I dislike it then I wouldn't invest in it, but I wouldn't even look at the 1k one, and probably the 10k one as well. That's the biggest difference.

[nakamura12]

Bounty campaign would help projects push or gain popularity which is why many gambling sites run campaign manager to boost their popularity or their reputation. Running bounty campaign requires professional campaign manager to manage campaign which they are professional too in accepting participants that are not spammers or only joining just to earn bucks without thinking that joining just to earn bucks can result in spamming the forum.

[PrivacyG]

Have you seen how many Tokens fail?  Even with a Bounty Campaign.  You can not sustain growth by offering a temporary incentive for the same reason Bitcoin does not incentivize full nodes.  It either all happens by natural course or the Cryptocurrency is doomed.

Want sustainability?  Bring innovation.  Updates that make the Cryptocurrency better than what already exists.  No, exchange listings are not useful either.  What is useful is what some of the Cryptocurrencies have come with along the years.  Lines of code that improve a Blockchain's security, speed, transparency or privacy et cetera.  Bounty Campaigns only bring temporary leeches and parasites.  They will just find a new host as soon as the Campaign is over.

-
Regards,
PrivacyG

[Saisher]

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?

When it comes to sustainability it's the project that should take care of that, the bounty hunters can only promote or present your project to investors, they don't hold or control the development of the project, they don't even have control over investors' action, with so many coins in the market, the project should be good enough to attract investors long term because investors only have limited attention and they go from one project to another very quickly.

[Jaered]

It depends on a bunch of factors. These include the pre existing number of members in the community before the bounty, the type of project running the bounty etc. Some projects attract more investors than others

[Bollexz1]

Of course I believe it's one of the sustainable ways to develop a community as vast majority of these participants have large number of followers on their social platform who easily listen to them and in which these followers don't joke with whatever information being spread out by their influencer.

[nurilham]

A bounty campaign is a marketing strategy to introduce and attract investors to a project. the more the project is known, the better it will be for a project. There are several types of bounties available and the allocation for the bounty program itself already has its own allocation of funds from a project. the better quality of the bounty project, the better the project will be in the eyes of investors. if asked whether it will be sustainable to develop a project then it is not because the task of developing a project is the team from the project itself and the plans for the project in the future.

[serjent05]

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 sustainability of the campaign depends on the project owner on how they make use of the attention drawn by the bounty campaign to give them profit.  A bounty campaign is simply a tool to reach out to people that have no to little knowledge about their project.  This is  a promotional/advetisement program and it is up to the project developer to keep their acquired audience and believe/trust them.

[Pejoh Asu]

Of course, there are many things that must be combined, the bounty of participants will give a positive impression on social media and discussion places such as telegram groups or discord, and many investors who come from the bounty campaign because they feel optimistic about the future of the project.

[Pelana vreo]

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 are still a good marketing strategy to attract investors, like a twitter campaign, an investor can see the latest information of a new project and see how many communities they have and see the tweets of each participant.
There are several projects currently that focus on airdrops because they have multiple goals to get many communities