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Author Topic: Are bounties dead?  (Read 4949 times)
daggny_taggart (OP)
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April 11, 2022, 11:34:19 PM
 #1

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
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April 11, 2022, 11:56:55 PM
 #2

The only reason why it attracts most low-quality accounts or multiple alt accounts is due to the project they are trying to promote.
What I see most of the bounties there are fake coins or tokens or ICOs with no value and most of them are scams.
That is why it's not worth the effort to promote. Unlike before most of the bounties that I see are real and surely it has a value after being listed on exchanges and the project is serious, unlike these days.

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daggny_taggart (OP)
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April 12, 2022, 12:39:34 AM
 #3

The only reason why it attracts most low-quality accounts or multiple alt accounts is due to the project they are trying to promote.
What I see most of the bounties there are fake coins or tokens or ICOs with no value and most of them are scams.
That is why it's not worth the effort to promote. Unlike before most of the bounties that I see are real and surely it has a value after being listed on exchanges and the project is serious, unlike these days.

I see your point, but it also feels like the crowd has moved away - there were tons of hyped scam projects in 2018 - and yet there were a lot of support. It feels like crypto fans have changed the platform and here bounties are only crowded by  fake account
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April 12, 2022, 04:52:32 AM
 #4

A lot of it just has to do with a change in how people consume content. It seems the majority of activity for many coins and tokens tends to take place on Telegram, Discord and Twitter these days, with forums such as these increasingly becoming a niche for discussion. As such, you're just going to get fewer people, since it's only going to be a percentage of those people still actively using the forums who would sign for a bounty in the first place.
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April 12, 2022, 08:11:52 AM
 #5

The only reason why it attracts most low-quality accounts or multiple alt accounts is due to the project they are trying to promote.
What I see most of the bounties there are fake coins or tokens or ICOs with no value and most of them are scams.
That is why it's not worth the effort to promote. Unlike before most of the bounties that I see are real and surely it has a value after being listed on exchanges and the project is serious, unlike these days.

I see your point, but it also feels like the crowd has moved away - there were tons of hyped scam projects in 2018 - and yet there were a lot of support. It feels like crypto fans have changed the platform and here bounties are only crowded by  fake account

Bounty programs, their time has passed, at least in the most common form that has arisen in 2017-18. thanks in large part to fake accounts. The reason why they still exist is that new "projects" (if we can call them projects) are mostly naughty and worthless. they are started without real capital, so it is easier to offer worthless tokens with an inflated value just to raise any dust around them.
as projects do not have any basic value, nor do they pay for promotion with real value, the current bounty program mode is their only option to be visible.

a good portion of the responsibility for the poor criteria and quality of the participants in the bounties is on the backs of campaign managers. There are more and more of them, they lower the price of work and accept every new project, without special checking and research about it. with the low cost of running a campaign, comes lower quality, hence the tolerance for fake accounts.

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April 12, 2022, 03:16:34 PM
Last edit: April 12, 2022, 03:41:43 PM by suzanne5223
 #6

This happens in every business when just start there will be more quality activities but when the setting is overcrowded there will be a lot of people trying to manipulate the system to their own benefit and when things are at this point it's the bounty manager that needs to step up their game.
If they step up their game and the bounty bot sees all their effort wasted they will quit at some point.

I see your point, but it also feels like the crowd has moved away - there were tons of hyped scam projects in 2018 - and yet there were a lot of support. It feels like crypto fans have changed the platform and here bounties are only crowded by  fake account
There is still countless fake projects buddy, even in the year 2018, there is a fake project in which the dev team runs away with investor funds.

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April 12, 2022, 03:20:13 PM
 #7

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
I think so and a decentralized bounty system will never stop these bots on joining this campaign since most of the bounty manager allow newbie or low rank member to participate on bounty campaigns especially on social media campaign even though most of this bot social media account is just dummy and no value in promotion. Bounty manager is not checking thoroughly participants account due to the volume of participants that’s why it’s tiring do bounty campaign. Campaign is very ineffective that’s why it didn’t attract investors nowadays compared before.

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April 12, 2022, 04:39:16 PM
 #8

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
Most of them either got disinterested after farming an account by low-quality posting became useless after the merit system was introduced, is what I assume to be correct.

Previously multiple accounts used to plague the bounties and bitcoin signature campaigns. Many of them were caught and tagged with negative trust to disqualify them from current and future campaigns. Additionally due to the altcoin tokens becoming worthless and majority turning with non-payment or vanishing into thin air and so on, the few honest bounty hunters who were there also started losing interest and grew frustrated at the current set of affairs.

The quality crowd was therefore gradually moved to bitcoin paying campaigns.

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April 12, 2022, 07:19:19 PM
 #9

The only reason why it attracts most low-quality accounts or multiple alt accounts is due to the project they are trying to promote.
What I see most of the bounties there are fake coins or tokens or ICOs with no value and most of them are scams.
That is why it's not worth the effort to promote. Unlike before most of the bounties that I see are real and surely it has a value after being listed on exchanges and the project is serious, unlike these days.

I see your point, but it also feels like the crowd has moved away - there were tons of hyped scam projects in 2018 - and yet there were a lot of support. It feels like crypto fans have changed the platform and here bounties are only crowded by  fake account
Nix, the bounty scheme is still full of fake projects or coins as said above. The problem is some bounty managers don't check on the project they advertised a year later. and I believe what reduces the number of fake projects is IDO but there are still some fake projects doing the same previous ICO in another style.

Note : If a fake account participates in a bounty campaign, the duty of the manager is to do his job.
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April 13, 2022, 12:17:43 AM
 #10

Nix, the bounty scheme is still full of fake projects or coins as said above. The problem is some bounty managers don't check on the project they advertised a year later. and I believe what reduces the number of fake projects is IDO but there are still some fake projects doing the same previous ICO in another style.
IDO was making KYC verification as a mandatory for the any ICOs that wanna be listed or launched through IDO platforms. The problem was if it's not all of IDO platforms are implementing this. IDO platform like pinksale or something else are still allowing the ICOs creator to launch the sale without even doing KYC verification but it seems like that there are more and more parties that were doing verification to the team but yeah we are in the bearish market.
The demand for the team to run the bounty program was also following the market trend as well. You must not forget this. Last year there are so many legit bounties. Doing filter to the bot accounts have become the manager's job.

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April 13, 2022, 12:19:34 AM
 #11

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
We're in a bear market mate also i don't know if you were living under a rock but  the forum member count and activity have dropped significantly since 2018.
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April 13, 2022, 12:28:07 AM
 #12

Dozens of projects are released every day. The vast majority of these projects are trying to come to the market for purely fraudulent purposes. Inevitably, they open topics in the bounty section. Afterwards, it disappears from the market by saying that it is the profit we can collect. As a result, bounty hunters do not get a return and their efforts are wasted. Therefore, people who constantly bounty began to disappear from the market gradually. Many bounty teams now guarantee rewards and pay that way. This does not correspond to serious figures. However, participation is not as high as it used to be. That's why the bounty started to disappear slowly.
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April 13, 2022, 12:52:43 AM
 #13

Maybe the bounty campaign process is getting easier, and that's why many people make bots or altsaccout accounts. Although it's not what it used to be when bounty campaigns scammed hunters and didn't pay, I still see some projects that have had very successful campaigns, nowadays as we have access to a wide range of knowledge. different I find the bounty less attractive, there are many ways to make money with this space, like testnet, p2e,... but anyway, it's not dead and some people are still satisfied with this work.

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April 13, 2022, 01:00:42 AM
 #14

You are totally right, even i had join this platform in 2021 but i had checked previous bounties and which were really good in term of profit for hunter, bounty manager and also for the platform too, but now as you said people are making more than 1 accounts to earn more, therefore they are not able to give full time on single account. Therefore to save time they uses bots, and some sort of techniques to do the work, or they just copy the posts and start repeat posting it, which is also not good for platform.
3 days ago, a manager shares a entry of video in which a small child (may be around 12 or 15) was making video on behalf on someone because the gardian know that, if he/she reveal face here, will get caught,
So do less but do good.  Wink

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April 13, 2022, 02:32:19 AM
Last edit: April 16, 2022, 04:05:28 PM by Silberman
 #15

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
Most of them either got disinterested after farming an account by low-quality posting became useless after the merit system was introduced, is what I assume to be correct.

Previously multiple accounts used to plague the bounties and bitcoin signature campaigns. Many of them were caught and tagged with negative trust to disqualify them from current and future campaigns. Additionally due to the altcoin tokens becoming worthless and majority turning with non-payment or vanishing into thin air and so on, the few honest bounty hunters who were there also started losing interest and grew frustrated at the current set of affairs.

The quality crowd was therefore gradually moved to bitcoin paying campaigns.
To this I will add that there was in fact a small crowd of quality posters that were interested in new altcoins, as it was not rare back then for their bounties to increase in value significantly to the point many of them made many times what a bitcoin campaign would pay them, but when we add that most altcoins nowadays cannot offer anything remotely close to that and that the majority of the bounties do not pay their participants anything at all before disappearing then those people have moved on as well from those bounties.
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April 13, 2022, 03:00:42 AM
 #16

Campaigns that pay in useless coins are not worth it. I could say bounty hunting is dead. There were good projects before that pays good but that was not the case anymore. You're also competing against bots so less reward for you. You aren't also guaranteed anything if a project fails. You'll most likely get useless tokens that will only flood your wallet. If you're not using both, maybe you'll get like 1 good project in like 6 months.

I can see bounty hunting becoming obsolete in the future unless something changes (Like changing the payment method to actual coins that has value).
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April 13, 2022, 03:35:12 AM
 #17

Every day there is a new project launched and for that project to build a community, they will always need bounty hunters. Quality is not needed for social media campaigns but it is required for articles, videos, and signature campaigns. Bounty managers are responsible to maintain that quality but shit projects do not want quality to promote themselves they want quantity and this is the reason bots and bounty farm accounts are more common today. It all depends on how a project wants to promote itself and most projects are now focused on cashing the hype rather than creating hype.

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April 13, 2022, 03:39:18 AM
 #18

After running several bounty campaigns I have noticed that they only attrach bot accounts, multiple fake accounts controlled by one person or low quality accounts that can not even give adequate comments - it is not the same as it used to be back in the days in 2018. Where has all the quality crowd gone?
Nowadays its hard to find a legit bounties that will likely give you you a coins with value. Because many projects now are scam so its not surprising if majority of those users participating in bounties are low accounts. Plus thats the only choice left for accounts who didnt rank up after merit system is implemented or got red tagged. To make their accounts still useful, joining in bounties are their chance to possibly earn if they find a good project.

merekamo
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April 13, 2022, 03:47:04 AM
 #19

Honestly, I'm still new here.also don't know whether the current bounty is still profitable or not when compared to previous years. but for me personally there is an exception only to join project that are managed by a trusted bounty manager.

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April 13, 2022, 03:56:28 AM
 #20

Looks like the bounty can also enter its saturation period, I've been following the bounty since 2017, when we were at the peak it was very crowded, now I really don't see those who enliven it starting from 2020 they disappeared, not only participants but some legendary bounty managers too disappeared, I hope they can come back this year, I don't understand why they have to leave the bounty.

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