Post
Topic
Board Tokens (Altcoins)
Re: [ANN] 🎥🎥🎥 CinemaDraft 🎥🎥🎥 Daily fantasy - but for the movies
by
Kavelj22
on 02/10/2021, 20:15:15 UTC
so 10% of the token supply will be used for marketing purposes, I think it's good, as some projects using smaller amounts for marketing
Well, it depends on the project strategy, if they feel they can't handle that much for marketing, it will give big loss impact for their project, especially for their tokens. However, a project have legitimate reason in reserving their tokens for marketing, they won't do it carelessly.
The first thing to deal with this, is provide liquidity in the exchange.

With 10% of the token supply towards marketing (33% of which is locked for two years to spread it out), we have chosen to dedicate more tokens in player rewards (Community Jackpot Fund - 8%), and controlled monthly liquidity (20%).

Keep in mind that those are just TOKENS used for marketing, not our marketing budget overall! Depending on the size of the token sale, transactional volume, market conditions, and the popularity of the game, we anticipate spending well above the value of our marketing tokens to promote the token, DEX launchpad, and game.


It is very important to actively promote the project. Therefore, marketing expenses are very necessary. People need to know about the project, its development and prospects.

A bounty promotion campaign have been started two days ago. It will run for four weeks, started at Sept. 28, 2021. Will end at Oct. 25, 2021. If you want to join the campaign and earn few bucks, here is the link: https://bitcointalk.org/index.php?topic=5362805. The link to bounty campaign is missing in OP, should be added asap.

If their bounty program already started, then hopefully their thread will be more active as people will check this project. If not, then their marketing team should be more aggressive in reaching out the community. We will see how much interest will be given to this project. Can they attract potential buyers and reach their targets during their token sale?

There are no guarantees that the project will surely attract potential buyers and reach their targets during the token sale only by running a promotion campaign in bitcointalk. The bounty campaign should be a great step in their Marketing strategy but there should be other factors to convince investors to support the project.
I have already took part of the bounty campaign as a translator, and by representing the project to different locals, i think the chance to attract more buyers would significantly increase.