I don't think that Bounties and startup projects will stop as long as Blockchain Technology continuously adopts by huge companies globally. Blockchain-based Projects have different categories and the concept of those projects needs to develop for the sake of our environment and community around the world. Most of the projects give convenience to its customers worldwide and resolve some major issues faced by our environment. We need blockchain projects that will be truly beneficial to our society.
For Bounty Campaigns, this is one of the effective forms of marketing for startup projects to spread their brand awareness and acquire more users organically. Companies including those who conduct ICOs or IEOs want to penetrate the market and the best components of their marketing strategy would be bounty campaigns. I saw some bounty tasks are highly improved by hiring excellent influencers (either for content creation or youtube vlog) globally.
But the problem today is most projects failed to reach their goals especially its token demand and market price, and also the expectations of its users. In my own perspective, it is very important for a startup project to thoroughly evaluate their project ideas, monetize/fund their project and promote the project on social media channels. And lastly, implement the project in accordance to its roadmap and give regular updates regarding the project development to its community.
For Bounty Campaigns, this is one of the effective forms of marketing for startup projects to spread their brand awareness and acquire more users organically. Companies including those who conduct ICOs or IEOs want to penetrate the market and the best components of their marketing strategy would be bounty campaigns. I saw some bounty tasks are highly improved by hiring excellent influencers (either for content creation or youtube vlog) globally.
But the problem today is most projects failed to reach their goals especially its token demand and market price, and also the expectations of its users. In my own perspective, it is very important for a startup project to thoroughly evaluate their project ideas, monetize/fund their project and promote the project on social media channels. And lastly, implement the project in accordance to its roadmap and give regular updates regarding the project development to its community.
Maybe not or maybe yes, we don't know what will happen to the future. As you can see, in the IEO is one the proof that bounty doesn't need it anymore. A strong community, a large volume of trades and a good reputation of exchange can do the all work in a short period of time compared to the bounty but not all of the exchange can do that. Anyway, who knows...
