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

[Al Qiyamah]

Organizing a bounty program to attract investors is something that is commonly done, many crypto project investors find out about projects they want to invest in through bounty programs, especially the Twitter social media bounty. Henceforth, the problem of future project development is the responsibility of the dev and the team.

[RealMalatesta]

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.

But, isn't "sustainable" the problem here. How long are we talking about and how big are we talking about? I mean if you do it for 6 years with 10k dollars per month, you are not going to get that money back quickly enough, it will be probably not great. If you do 10k per month for one year, then you will get enough and then in the long run you will make that back, if you do 1k per month for 3 months then it will be useless and not get enough.

So, what do we mean by sustainable, how long are we looking to exist, forever? Nothing lasts forever, but assuming our "forever" is 50 years, then you could say 5 years is good enough to kickstart it, if you mean 10 years, then 1 year is enough, if you mean just 1 year, then 3 months could be enough. So, sustainability is a bit based on the period we want and if we can calculate how long we want to stay relevant, then we can find the answer to this question.

[Rasa nanas]

Bounty campaign is a marketing strategy so that a project is widely known and more investors come to invest.
we bounty participants only carry out our duties to promote a project to be known by many people and investors come to invest in the hope that the money they invest will grow in the future. Project development issues in the long term are in the hands of the development team and beyond the control of bounty hunters and investors.

[rozak]

in short of course it can grow a community very quickly. airdrop and bounty campaigns can make a community experience big improvements. but we can't say they have a community to fully support the development of the project. because many also leave the project after they get paid.
when the project does not have a real product developed. it will be difficult to bind truly loyal communities to hold their assets for long.

[Wildwest]

Kompanya bounty is one of the projects that involves many pesrta who want to get the results of the project for free without having to spend capital for us to invest, but we have to follow every rule that they have made in order to later get the maximum payment, although this opens an obligation but very many participate in it, With the bounty campaign, many investors are sure to invest in the project.

[StarKay]

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 first step in building a community but the sustainability of the community depends largely on team management and project development.

If the team is experienced, they can motivate the community of bounty hunters to stay and also look for innovative way to get more community members. If the project is well managed and is successful, it will draw attention to the community because many people will be making inquiries.

[sarmrakib]

Organizing a bounty program to attract investors is something that is commonly done, many crypto project investors find out about projects they want to invest in through bounty programs, especially the Twitter social media bounty. Henceforth, the problem of future project development is the responsibility of the dev and the team.

This is true that bounty program help the investor to draw their attention to invest on the project .The question was that if it is helpful for the project for long term .I don't think this bounty program help for the project for long term but initially help to the investor to find the best project on the community .If the project has strong concept why its not help it for long term profitable .Investor will also hold and make activities to grow the project if it is more potential on the market .So its not only the bounty program help you the project growing for long term if this has no real case on crypto .Its always true that bounty program boos the project initially and help the investor to come here and invest on the project if it has good concept and activity .

[Silver80]

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 we look at the existing schemes, the sustainability of the forum takes quite a long time, it proves that this forum is very developed and durable, but if the prize coin is a coin that only makes profits, it causes the coin to only live for a while this causes people to not be interested in saving it.

[onetwostep]

Bounty campaigns are very useful. You wouldn't hear the name of a coin without advertising. The better the marketing work, the more popular you can create a coin. Especially long-term campaigns attract a lot of attention from investors. Think about the signature campaigns in the forum, from there we can invest in many campaigns whose names we see. It is easier to research and we feel more comfortable investing in something we know

[isaac_clarke22]

~

Well since bounties are like doing social media campaigns, no doubt that it will get wider reach although it still depends as a lot of people in Facebook just don't give a crap about crypto at all in fact that many social media sites are being dwelled by many scammers especially when you check FB groups.
It's not that too effective in a long run since the project itself has that declining stage after maturity.

[Anonylz]

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?

There are some bounty campaigns that have run for months in this forum, it must mean there is a positive outcome from the campaign otherwise those campaigns won't keep running, bounty campaign is another form of advertising anyways so it is very possible most of the campaigns bring positive results and also help the project to build a community, if not most of the project conducting a campaign will find other means of advertising.
Most social media campaigns are run for this purpose,  to grow and build a strong community.

[Fatunad]

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?

There are some bounty campaigns that have run for months in this forum, it must mean there is a positive outcome from campaign otherwise those campaigns won't keep running, bounty campaign is another
form advertising anyways so it is very possible most of the campaigns beings positive results and also help the project to build a community,
Most social media campaigns are run for this purpose,  to grow and build a strong community.

It would really be subjective and its quite evident on how marketing does give out significant impact into the business.Speaking with those signature campaigns on services section which does
involved sustaining marketing and exposure for long term business then its just normal that they would really be running off specially if they do see off some benefits then they would really
be having that outmost consideration on running a long one but if its not feasible then its normal that they wouldnt really be tending to make it long.For bounty campaigns
then exposure is a must so its up to them whether they would run one or not.

[JooBra]

If you do bounty in a good way you can expect great results. I did PYR Bounty last summer and it did so good with it now it's one of best metaverse projects.

[DU18]

~

Well since bounties are like doing social media campaigns, no doubt that it will get wider reach although it still depends as a lot of people in Facebook just don't give a crap about crypto at all in fact that many social media sites are being dwelled by many scammers especially when you check FB groups.
It's not that too effective in a long run since the project itself has that declining stage after maturity.

No doubt and 100% agree with bounty campaign Sustainable way to grow your Crypto Community, last three years until right now many ICO project have been succes and become big project right now with faster grow up by advertising with bounty campaign, despite avout promotion as social media campaign or signature campaign but bounty have give biggest change for cryptocurrency and many project was become successfull when listing on market. Although right now looks have little bad thing with few bounty only have been success after promoting but I think is have good change for cryptocurrency.

[uneng]

It always depend on what the campaign is promoting. If the campaign is about a random useless token which aims to create a hype to fastly pump for speculative profit, dying right after, of course bounty campaigns aren't a sustainable way to grow the community, because first of all the product being advertised isn't sustainable or useful.

But if the product or service promoted is good and developers have legit interest to make it work on long run, bounty campaign will be totally worthful in this case and will add a lot to the initial value and potential of the project.

[7788bitcoin]

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 really doubt bounties will attract the right investors to a project, there are bounty hunters who specializes in taking advantage of the project giveaway but do not give anything positive to the project because i have seen many projects that conducted the giveaway and then becomes inactive once the bounty period is over which means, you attract the bounty hunters for that specific period and not reaching the target audience.

[judeafante]

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 really doubt bounties will attract the right investors to a project, there are bounty hunters who specializes in taking advantage of the project giveaway but do not give anything positive to the project because i have seen many projects that conducted the giveaway and then becomes inactive once the bounty period is over which means, you attract the bounty hunters for that specific period and not reaching the target audience.

The reason that they become inactive and the project become useless is because the project is not for a long term even if the bounty campaign is over if the project is really that good it will attract more investors because of word of the mouth of early investors who support through the work of bounty hunters, bounty hunters can only advertise but what can make the investors invest and continued support is the project itself, no investors will stay in a project that they think will have no future.

[dothebeats]

It's one part, but it's not a one-step formula to success. Most crypto communities grew not only because of bounty campaigns, but also because of what they actually offer to the community. You can't expect to have a smooth community through bounty campaigns if what your product/token/whatever is basically not really worth it, or does not add value to those who wishes to purchase it. Before you get successful on bounty campaigns, you must first have a project that has substance, and people can really enjoy.

[1CentAlsoWorthForMe]

*SNIP*

Bounty campaigns are made to attract the attention of the community and investors. As for the community, it is created "by force" because bounty participants are forced to join every social media of the project. Investors, if any, are very few.
However, it is always better to do a bounty campaign than not to have one.

Cant agree on your all points. Cant say that participants are forced. Its a rule and in any job we have to obey to rules. Therefore I m not agree with forcing participant to join group. And mean while some time bounty participants are becoming long term hodlers and Investors on the project. In my personal experience I have partipated in Verasity influencer programme and Then I learned lot about the project and I invested more $ in it. Now I m sitting on 20X ROI>

[iv4n]

It's one part, but it's not a one-step formula to success. Most crypto communities grew not only because of bounty campaigns, but also because of what they actually offer to the community. You can't expect to have a smooth community through bounty campaigns if what your product/token/whatever is basically not really worth it, or does not add value to those who wishes to purchase it. Before you get successful on bounty campaigns, you must first have a project that has substance, and people can really enjoy.

I completely agree with you, a bounty campaign is just one of the things that can contribute to the visibility of the project, but a project to be sustainable and successful must include a wide range of marketing techniques! As you say, it's not a one-step formula, to gain exposure and visibility projects must be present and active in many places relevant to their projects... Of course, that costs money, and money spent on advertising is never thrown money!