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?
The main attraction of bounties, airdrops and contests is that they let you gain exposure without spending any of your own money. If you have a couple hundred grand kicking around you could always spend your money on a targeted advertising campaign that would give you much more control over the messaging and offer a better ROI on the money involved. But since these are start ups they are willing to award some of the potential gains from success in return for people who are willing to work when the work may come to nothing.