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

[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?

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.

The length of the bounty campaign does not tell us anything about how serious it is, after all a great deal of those campaigns do not pay until the campaign is over, so even if the campaign has lasted for a significant amount of time they can still disappear overnight.

This is one of the many reasons why I have never been a fan of those campaigns, as people can spend months working and at the end receive nothing, and even if they do if the project was a bad one, as it is the case in the majority of new projects, then they will still gain nothing at the end for all their efforts.

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[carlfebz2]

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 exposure and attention then bounty would be always a part of marketing on which it is really needed to create some awareness but if you do talk about sustainable kind of demand and attention then
would vary on different things like;

1. Project relevance
2. Utility
3. Development team
4. Marketing

You cant assure success though but if these things are on check then you could have the chance.

[trendcoin]

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 first target of bounty campaigns is those who participate in the bounty campaign. :) I researched the project in all bounty campaigns that I participated in. I went to the community channels (telegram, discord, etc.). I visited their Twitter account (I followed many of them). I invested because I found some of them worth investing in. At the end of this process, I sometimes felt like I was a "direct target". :) We're talking about a broad business model that affects even someone working for the bounty campaign. I think the projects have definitely grown their community. Also, I think it's sustainable thanks to the win-win model. If I were to create a token, I would definitely consider doing a bounty campaign.

[JeffBrad12]

it is created "by force" because bounty participants are forced to join every social media of the project. Investors, if any, are very few.

I think that you do understand the bounty in the wrong way as it's not even forcing the participants. You will get a stake if you do that tasks and you will not get any takes if you didn't wanna do that and just never do that and no one will be forcing you to do that. It's a part of the task in the bounty and if the participants wanna get the reward and then the participants must do that. So they are getting rewarded.
I think that using the word forcing the participants it's not even matched with reality and it's the same as working with a company.

[Yurkov]

From what I have observed over the last few years, 90% of cryptocurrency projects are launching a bounty campaign. As we all know, many projects unfortunately fail and it happen for various reasons. However, when it comes to projects that have managed to appear on the market without a bounty campaign, the number is so small that can be counted on the fingers of one hand. In my opinion, a bounty campiagn is very necessary to build a community, and as we know, without a community, we have little chance for the project to be successful.

[albon]

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, because thousands of bounty hunters promote the project in the bounty in which they work on different campaigns. For example, if anyone joins the Bounty and participates in any of the campaigns, he uploads a video on YouTube, makes an article in blogs, or publishes posts about the project on this forum or in the hashtags of the project on social media, and what these hunters have done spreads in the Google search engine (blogs, YouTube and positive comments &posts) and this is reflected positively on the project, and it attracts potential investors in the long run.

[smyslov]

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?

Investors are into many projects if you cannot convince these investors you have a good project with good potential it's not going to sustain your project, the bounty campaign can only attract investors to look at your project, but what will make them stay is how good is your project, and it's a contribution to the Cryptocurrency community, everything depends on the developers when it comes to retention.

[Wawa2013]

From what I have observed over the last few years, 90% of cryptocurrency projects are launching a bounty campaign. As we all know, many projects unfortunately fail and it happen for various reasons. However, when it comes to projects that have managed to appear on the market without a bounty campaign, the number is so small that can be counted on the fingers of one hand. In my opinion, a bounty campiagn is very necessary to build a community, and as we know, without a community, we have little chance for the project to be successful.

I think it's very important for new projects to launch a bounty campaign, because promoting projects through bounty campaigns has proven to be
effective in attracting the interest of many people to study these projects, and also build community. But the bounty campaign does not guarantee
that these projects will be successful in attracting many investors to invest in these projects. An active development team is required to update
these projects, and also at least the new projects try to be listed on popular exchanges then the development of these projects will be very rapid.
Usually several new projects are successfully listed on popular exchanges after launching a bounty campaign, the number of the community will
also increase rapidly.

[Kasabus]

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?

Investors are into many projects if you cannot convince these investors you have a good project with good potential it's not going to sustain your project, the bounty campaign can only attract investors to look at your project, but what will make them stay is how good is your project, and it's a contribution to the Cryptocurrency community, everything depends on the developers when it comes to retention.

  I would not say that bounty campaigns are not reliable, but they can be reliable in such a way that it can generate awareness about your project so that investors will be convinced to invest in your project. But definitely its not the only way to sustain the growth of your crypto community. I guess its on the real use cases of the project itself. Investors will definitely put their trust on your project if the goal of the project is highly subjective that will create huge demand and established foundation. Its more on the substance of the project that makes it more reliable, and not totally on the bounty campaign.

[bakasabo]

As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.

[VRExpress]

Running bounties creates awareness on social media effortlessly and I don't see any reason why new projects won't use this marketing strategy unless they have other effective ways, the only bad thing about bounties is projects with bad team members that will deny bounty hunters payment after long session of creating some awareness through all social media available.

[ije07]

There are many successful altcoin projects developed with the support of bounty campaigns at the beginning of their project development because with the entry of a large community, project development can also run well but all of that also costs a lot of money so it takes a solid team in building the project and the bounty campaign is still a good place to promote the project to be built.

[lixer]

I would not say that bounty campaigns are not reliable, but they can be reliable in such a way that it can generate awareness about your project so that investors will be convinced to invest in your project. But definitely its not the only way to sustain the growth of your crypto community. I guess its on the real use cases of the project itself. Investors will definitely put their trust on your project if the goal of the project is highly subjective that will create huge demand and established foundation. Its more on the substance of the project that makes it more reliable, and not totally on the bounty campaign.

Just awareness but to convinced them no not really. You can say that the ads that you placed in the bounty campaigns are convincing or is good to be true but it's not enough. Expert investors will know it and they will soon find out if you're just lying or not. We should not here to fool people or to scam them but we should help this community grow and improve by delivering quality projects to the people that are legit.

It's also important that we care for our workers or to the bounty hunters and not only to our project because they can also help us succeed. Treat them like a human and they will do their best to promote your project.

[clarkt]

I have seen campaign rake in a lots of fund and support for obscure new project. Never underestimate what resources bounty campaign can make available for a project! In the long run, all that matters is growth and development with usefulness of idea been pursue in a project. Bounty campaign is one of the tools that can positively impact a project in cryptocurrency and beyond!

[Psynthax]

bounty is a great way building the community, instead of just paying for marketing professionals that usually bring kinda ordinary result you could just make bounties that allows masses participating in getting tasks done
in exchange of reward, it easily helps you increase the amount of the altcoins holders and it could make your altcoins know among traders, at least that some fraction of benefit that I could understand that usually many of projects with
bounty campaign has, they usually have easy time building their community afterwards and usually if the quality of the projects are also good, they gonna be such a huge success.

[LUCKMCFLY]

For me, everything that has to do with marketing for a project will always be viable to apply to a project, and yes, it will attract many clients because marketing makes many people see the name of the project on social networks, many will want to join and so little by little it can be spread to more people as they learn, and the best thing is that the signature campaigns in the forum also, at least generate traffic and by generating traffic it makes the project more famous, for me it has a lot to view bounty campaigns positively.

[LastKiss]

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?

Many people join bounty campaigns because some of them want the token for free and some of them want to earn money because they don't have any real job in real life. I've joined a lot of projects that ran bounty campaigns and it gets a lot of social interaction but when the bounty end it's become normal again. Investors that understand how to do some research will make many considerations before investing in a project that's why the team from the project and the roadmap behind it are really important part to get attention from investors.

[kojektea]

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 believe the purpose of the bounty really has nothing to do with the sustainability of the project.
Bounty is indeed indicated so that a project has a large community so that the community enters
the bounty project and introduces the project to many people, including investors.
Thinking about the sustainability of the project is the responsibility of the professional team of the project itself.
How do they develop, work to make their platform or ecosystem really useful,
that's what makes their project always needed by many people and then will become a sustainable project.

[mdzahed134]

As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.

Yeah, bounty campaign is pretty cheapest way to help grow a community even i think without payment a project can build thier community, as example you know most of the project will pay their native token and there are no guarantee which token will be worth after the bounty ended. If tokens have no values on the market so the projects got promoted free.

[JooBra]

As a marketing instrument, bounty campaigns are great way to build a community. Especially if the rewards are high. Even if the project represent nothing, level of creativity bounty hunters have, will help to make it more attractive. But, bounty hunters are very sensible people. They can make anyone a king, and they can easily turn things 180 degrees. The most important, bounty campaigns are the cheapest way to build a crypto community. While altcoins are not traded, the only expenses project will have are network fees.

Yeah, bounty campaign is pretty cheapest way to help grow a community even i think without payment a project can build thier community, as example you know most of the project will pay their native token and there are no guarantee which token will be worth after the bounty ended. If tokens have no values on the market so the projects got promoted free.

I agree that it is a good way to build and grow your community but there needs to be a balance at it. Some projects gave to much with bounty so at the end it hurt them.