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Author Topic: Why is it that most project is not conducting bounty?  (Read 8912 times)

Offline Delgboke

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Why is it that most project is not conducting bounty?
« on: January 20, 2021, 01:13:00 AM »
In the cryptocurrency world many Revolotions has taken place and things are not the way it used to be in the crypto phase when we used to see different kinds of crypto bounty but here comes another massive wave in the crypto world, that's called Defi era that has grown massively in a short while. What do you think?
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Why is it that most project is not conducting bounty?
« on: January 20, 2021, 01:13:00 AM »

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Offline Master107

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Re: Why is it that most project is not conducting bounty?
« Reply #1 on: January 20, 2021, 01:44:21 AM »
Possible reasons:

1. The project is confident to succeed.
2. Don't have budget for bounty.
3. Wants to secure the tokens are for investors and not hunters.
4. Don't trust bounty campaign.
5. Not aware about bounty.
6. Just don't like.

Also bounty is not compulsory rather strategy to add more popularity and attract investors through this promotion. It depends to the project marketing strategy.

Offline TomPluz

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Re: Why is it that most project is not conducting bounty?
« Reply #2 on: January 20, 2021, 04:38:12 AM »


Well, bounty promotions like what we can see in this forum and in that other more popular forum out there is not the only way to generate people's interest to invest and support a project. In the past especially in 2017 when ICOs made the big rage, bounty promotion became the norm. Still, we have to be thankful that there are still those who are doing bounties to promote their projects and many of new DeFi projects do have bounties actually, maybe not necessarily in this forum.

Offline Andruha1993

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Re: Why is it that most project is not conducting bounty?
« Reply #3 on: January 20, 2021, 08:39:55 AM »
Perhaps some projects do not have the finances to pay the bounty hunters later, or they are simply already known and they do not need marketing, since everything is fine with them.
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Offline nelson4lov

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Re: Why is it that most project is not conducting bounty?
« Reply #4 on: January 20, 2021, 09:25:11 AM »
There are several reasons why new projects no longer organize bounty any more, I think most of the new crypto projects have no idea about this crypto forums, some of them are aware of the forum but don't trust that bounty campaigns can help bring exposure to their projects, so these days they only conduct IEO on top exchanges like binance in order to gain the exposure they need.
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Re: Why is it that most project is not conducting bounty?
« Reply #5 on: January 20, 2021, 09:43:22 AM »
The reasons may be different, but the main one in my opinion is that the project does not need advertising and the mass dissemination of information about it, since they are already doing well with the sale of tokens and fundraising. It may also be the reason that the project team does not see positive for them from the bounty campaign and believes that this will not significantly affect their state of affairs. As we can see projects that hardly raise funds launch bounty to achieve their result and when there is no result, they simply do not pay the bounty hunters for the work.

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Re: Why is it that most project is not conducting bounty?
« Reply #6 on: January 20, 2021, 09:54:48 AM »
Many new start up projects, especially on the Defi might have adopted a twitter campaign awareness bounty without using some of the crypto forums. You find these projects shared on Twitter through certain airdrops campaign with BOTs, and some of them only make announcement on Twitter about token sales.
I have seen some project launched on binance IEO pad without bounty activities on some these crypto forums, even bitcointalk/altcoinstalks. I think some of these new start up projects has no idea about campaign on forums, or they may be no fund to carry out forums bounty campaign etc.

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Re: Why is it that most project is not conducting bounty?
« Reply #6 on: January 20, 2021, 09:54:48 AM »


Offline MrSpasybo

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Re: Why is it that most project is not conducting bounty?
« Reply #7 on: January 20, 2021, 01:47:00 PM »
Possible reasons:

1. The project is confident to succeed.
2. Don't have budget for bounty.
3. Wants to secure the tokens are for investors and not hunters.
4. Don't trust bounty campaign.
5. Not aware about bounty.
6. Just don't like.

Also bounty is not compulsory rather strategy to add more popularity and attract investors through this promotion. It depends to the project marketing strategy.
+1 for good idea
I think some projects may want to develop until there is 1 MVP for the community before officially launching a bounty campaign to promote their IEO/ICO. Before that, the project will work on the members' money or the investment from angels.
It's really confusing that many projects still blame hunters for negative volatility in token prices on exchanges :)
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Offline Master107

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Re: Why is it that most project is not conducting bounty?
« Reply #8 on: January 20, 2021, 01:59:16 PM »
Possible reasons:

1. The project is confident to succeed.
2. Don't have budget for bounty.
3. Wants to secure the tokens are for investors and not hunters.
4. Don't trust bounty campaign.
5. Not aware about bounty.
6. Just don't like.

Also bounty is not compulsory rather strategy to add more popularity and attract investors through this promotion. It depends to the project marketing strategy.
+1 for good idea
I think some projects may want to develop until there is 1 MVP for the community before officially launching a bounty campaign to promote their IEO/ICO. Before that, the project will work on the members' money or the investment from angels.
It's really confusing that many projects still blame hunters for negative volatility in token prices on exchanges :)

Thank you.

Actually, to blame hunters is playing safe to cover something wrong within the token value. Of course investors play the important role to maintain the strong imagine of the project. They are the main character to build the project.

Hunters sometimes are misunderstood by them. Even we are not responsible for token price dump. Still they pinpoint hunters because hunters character is support and leave in some cases.

Nevertheless, we hunters sometimes does not remain hunters. Some of us here are hunters/investors/traders. Salute to all reputable hunters who can read this.

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Re: Why is it that most project is not conducting bounty?
« Reply #9 on: January 20, 2021, 02:04:13 PM »
So far, there are so many types of projects that exist. If indeed a project does not contain a bounty, then maybe they have their own way of attracting investors. Of course there must be a strong reason for this happening.
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Offline Evgenklm

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Re: Why is it that most project is not conducting bounty?
« Reply #10 on: January 20, 2021, 02:06:12 PM »
Some projects are just so confident in their success that they do not need a bounty company, and most of them are really successful, for example, I do not remember that I conducted a bounty project DOT, and now they occupy the top 4 CMC.
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Offline Freemind

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Re: Why is it that most project is not conducting bounty?
« Reply #11 on: January 20, 2021, 02:10:03 PM »
Possible reasons:

1. The project is confident to succeed.
2. Don't have budget for bounty.
3. Wants to secure the tokens are for investors and not hunters.
4. Don't trust bounty campaign.
5. Not aware about bounty.
6. Just don't like.

Also bounty is not compulsory rather strategy to add more popularity and attract investors through this promotion. It depends to the project marketing strategy.

@Master107 a very accurate list and with which I agree, with your permission, I will add 2 more points.

7. The team behind the project doesn't trust the bounty managers and they don't want to waste time or resources doing it themselves.
8. Depending on the amount allocated to the bounty they are afraid of a massive dump, and they don't want to do buyback programs to mitigate the dump.
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Offline Galley

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Re: Why is it that most project is not conducting bounty?
« Reply #12 on: January 20, 2021, 04:13:57 PM »
It seems to me that projects that do not carry out bounty companies simply do not need additional advertising. They are simply confident in their own ability to advertise the project. They obviously have the people and resources to do this. Other options, in this case, are secondary.

Offline Max Way

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Re: Why is it that most project is not conducting bounty?
« Reply #13 on: January 20, 2021, 04:26:15 PM »
In the cryptocurrency world many Revolotions has taken place and things are not the way it used to be in the crypto phase when we used to see different kinds of crypto bounty but here comes another massive wave in the crypto world, that's called Defi era that has grown massively in a short while. What do you think?
Every year there is something that stands out even more. When in 2020 with the emergence of defi, it can be said to be quite successful in attracting crypto connoisseurs. This cannot be separated from the innovation given to enthusiasts. Maybe in 2021 there will be new innovations that can give its own color that can have a positive effect on crypto, automatically it will also have an effect on crypto coin prices.

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Re: Why is it that most project is not conducting bounty?
« Reply #14 on: January 20, 2021, 10:30:42 PM »
Yeah seems like almost all new projects are defi based and they are raising money via IDOs so most of them do not really care much about marketing and bounty campaigns as well but i think soon we will see good projects in different niches with decent bounty campaigns as well.

 

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