So, I was wondering if anyone has an opinion on current bounties and airdrop as an element to help projects. I have a thought that it does not help to attract real users or investors who would invest to a startups that want to raise money through token sale. But in case of existing projects that already work with crypto and have their own coin on exchanges is a different story. What do you think about using bounty or contest for a project that is working and have its coin on exchanges?
You don't need to do any airdrops if you have your coin listed on exchanges, Promotions such as airdrop/bounty is for the fundraising part of the project and once you list the coin on exchange you're good to go. Bounty promotion is good for ICO's to attract more investors and have more exposure.
I think the bounty thread is very helpful to the project team, but the air drop is not very helpful to the project team.
Most of the time, air drops only attract people to sell tokens, and even negative publicity for the team.
Yes, Most of the times doing useless airdrops is wrong since people can see if the token is a junk or not, Sometimes it is the best marketing strategy and it has worked well for a few projects before.
I think airdrops were ok in 2017, early 2018, but now its useless and if you list your token on an exchange it can fuck it up pretty hard with all those people who got tokens through airdrop.