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?
I consider that bounties may be the easiest way to enter the market without any investments, but it also may be pretty chalenging expirience for newbies to find reliable ICO.
Unfortunately since the markets are quite low right now there aren't much interest in stuff like bounties or airdrops, right now people are mainly using their money to either collect as much bitcoin and ethereum they can or just keeping it at fiat so that creates a less demand for any new ICO which also means there are less bounties out there.
As long as the market stays low there aren't many new ICO's coming up with promises because they know they will not gather enough money at all and they won't be capable of getting enough funds for it. Without funds they will fail and they will not be capable of paying the investors back and that would create a whole new level of legal troubles. People don't risk that and since they don't risk it there aren't many new bounties and airdrops netiher.