Post
Topic
Board Beginners & Help
Re: Have You Made Anything from Bounties?
by
Obari
on 17/08/2024, 11:08:47 UTC
Was looking at the bounties section. Are those tokens worth promoting? Will they really be worth something? Why does it take so long before participants are rewarded? Have you made anything from bounties?

I don’t know why I think you’re sounding like someone who is already feed up with bounties even before they start 😂 but regardless, there are people who are doing absolutely well off bounties and as hard it might seem to believe, but it's just the bitter truth and it doesn’t seem profitable to you doesn’t also mean others aren’t combing in some reasonable amounts from bounties by doing the right thing and joking the right bounties.
Some persons might want to ask me, how we they know which bounty is a good one (sorry to say that, I also don’t know because I really don’t do bounties and can’t actually remember doing anyone in recent time) but there are people who know this things.

I think just as other users have already said, currently now, a lot of bounties and airdrops seem like scam but there are also some legit ones that people are already earning very well from it.
I think you are right to wonder if bounties are worth it but we should also recognize that some people are actually making money from them. Just because of it does not work for everyone does not mean we should ignore success of those who have found good bounties. It is hard to tell which bounties are genuine but some people have figured out how to spot good ones. While many bounties and airdrops are scams there are some real ones that have paid out but they have much users so there reward becomes nothing after distribution. To navigate bounties effectively we need to be cautious and do our research.
There is one common talk in the cryptocurrency community which is “Do Your Own Research (DYOR)” is a very popular phrase because it’s a regular reminder that, regardless of whatever information we get, we should always do our own research so as to be responsible for every actions we take.
I still maintain my point that, regardless of what people think about bounties, there are still very good bounties that are still actually profitable and example is the current bounty by royse that offered cash rewards.

Over hype has made a whole lot of altcoins because very useless and this is because most holders of a new coin project already has the mentality of dumping the moment a coin is launched possible after been airdropped or rewarded or maybe bought from presale and this alone explains why most coins and projects become useless even after distributing their coins