Altcoins Talks - Cryptocurrency Forum
Earning => Bounties & Rewards [BOUNTY] => Topic started by: cryptothief on February 27, 2018, 04:00:39 AM
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I have participated in a few bounties and ignored lots of others because they did not seem to have enough information available on the project. Here are some points I would consider.
1. Put a limit on the number of participants related to the amount of tokens you are planning to give away.
2. Do not allow multiple same day posts for social media bounties, firstly this makes it too easy to be manipulated and secondly it will not attract the expected interest in the project as posts will all seem like spam.
3. Link rewards to performance, i.e. video/article views, interactions on social media posts, constructive feedback in media channels regarding project etc.
4. Try to restrict geographical dominance by participants to ensure your project gets interest internationally.
5. Give extra bonus to participants who take part in the ICO itself (or their referrals do), this will encourage genuine interest in the project.
6. All entries should be checked to ensure compliance, so ensure you have the workforce capable to do this (or outsource it).
7. Award tiered rewards for joining the Telegram channels/groups, it's too easy just to join a group and then ignore it for the rest of the bounty period. Make a minimum requirement of maybe one post a week to combat this, with increased awards for more active members.
8. Telegram is a very useful tool and can build a community quickly, but can also be filled with spammers and bounty chasers very quickly, drowning out any 'real' questions that community members want to ask. Set up a separate bounty channel and instantly ban anyone that asks bounty/airdrop questions in your community channels.
I am sure there are many more ways to ensure a successful bounty campaign, these are just a few that I have picked up along the way. Good luck.