Post
Topic
Board Beginners & Help
Re: Bounty Programs: How do you decide?
by
dumiya
on 30/05/2018, 13:26:32 UTC
There are tons of bounty programs going live now or planning to go live. How do you decide what program you want to be a part of? Do you research the company or just love free stuff? How do you get most tokens, Twitter? Telegram? Another source?

When I choosing a bounty program to participate, I look for several things.

First one I do is investigate whether the start up is a legitimate one. No one want to promote scam projects and waste the time. Usually I check whether the start up is a registered company and whether the team is real or not.

Then I do a research whether the project is a practical one and will it really solve a problem. You know that whitepapers may stay as whitepapers with fancy words forever. The start up should make a working product or service in the end.

Next, I check whether the team has enough qualifications, experience as well as the motivation to carry out the project. There is no point to promote projects where the team is inexperienced or no motivation to carry out the project.

Then I check how they do marketing in order to reach the soft cap of the ICO. Usually I check whether they do press releases in major news channels, whether they participate in related conferences and meet ups as well how they manage sponsorships in order to reach more investors. I personally think that it is difficult to reach investors from bounty campaigns alone. There is a massive competition in ICOs. Therefore, investors may not just depend on information they get from bounty hunters. Team should actively engage with the community and answer all queries arising from the community.

Last one would be checking the breakdown of bounty allocation for each campaign. I will examine which campaigns gives me the most with my strengths. Then I choose those campaigns  that I think I can get the most.


I should say it's almost similar to a process that an investor does before investing in an ICO. As a bounty participant we should promote legitimate and quality ICOs which gives good returns to investors while we get compensated by promoting those ICOs.