Bounty campaigns are marketing tools highly used for running a successful ICO campaign. People participating or bounty participants get paid for the project tokens for their special activities on social media and other community management channels. Bounty management of bounty program comes from the online gaming system which has been given to a player for achieving certain goals. While it comes to the ICO campaigns bounty management used by blockchain startups for competing for a large range of tasks at the cost of the tokens. Apart from rewarding on the individual activities as of social media, press releases, SEO, etc. ICO team can benefit after achieving a certain goal by running a successful marketing campaign under the bounty management program.
ICO is the community management process used for cryptocurrency crowdfunding markets, in the case when there are not suitable funds available for the different marketing process, one can not pay for promotion, they lack the support of investors. Bounty management is a great solution for such type of situations. In this process, the team is rewarded after achieving project tokens, helping all the participants at the time when the token comes from the exchange platforms.
Bounty management and programs are one of the essential tools for a support base to reach out the various potential investors. Cost of the bounties depends upon the startups and the different business types, members of the blockchain communities
While it comes for Bounty management there are two different types of programs :
1. Pre ICO bounties: These bounties are generally focused on marketing activities and community building on different platforms and the channels. The whole purpose of this process is to build and promote a brand seeking support from the social media and internet for the particular ICO. It has actually meant to make people aware of the coin and the platforms. Pre ICO bounties are included with YouTube Videos (Creating & editing) and social media promotion. Publishing all type of content for websites, newsletters, blog, and other content sharing platforms. White Paper translation, infographic creation, and Bitcointalk signatures.
2. Post-ICO bounties: Purpose of these bounties is to be focused on improvising blockchain's project or services. Main responsibilities of the post-ICO bounties are included with platforms bug fixes, translations, community management product improvements and suggestions. These bounties are responsible for the growth of blockchain's project or services.
All the blockchain startups for achieving a good success need to utilize any of the program described above. Pre ICO programs are generally designed for small projects having small funds. These are a great way to spread information and building a brand while saving money.
Blockchain startups can hire bounty managers on different competitive costs as per the market scenario. Herewith mentioning some of the bounties arranged from largest to smallest payout :
- Bug fixes
- YouTube video creation bounties
- Marketing material creation: articles, promotional pieces, content creation, etc.
- Airdrops
Social media bounties: Facebook posts, likes, shares; Twitter posts, re-tweets, likes; Instagram posts, etc.
Bounty campaign management is the process which requires quick and appropriate feedback on the various group chats you are involved in to as of telegram, Bitcoin talks etc. A slow response in the bounty hunters can turn your project into fraud and not trusting factor creating panic and creating the worst conclusion for your project. This is what investors searching in any project they are dealing into a crypto community. Hiring experienced bounty managers can deal with your projects as they carefully consider the requirement of the project and the token they are offering. There are so many crypto investors which have been proved failed due to the lack of good bounty managers. It is really a task requires efforts and lots of skills to be trustworthy, and reputed members in front of the investors. The broader your coverage more you will be reaching to the potential investors. And thus bounty management is the process to deal with more languages and the websites plus whitepapers translated into. Bounty management is unique and a good translation.
Let's sum up the certain important points to consider for a successful bounty management process including tests and trials, the topic for bounty management, active news feed and the suitable feedback time. Bounty management is a really unique tool and it is very helpful for solving many problems in short times and to broaden your ICO coverage. It increases engagement in the crypto community.
ICO is the community management process used for cryptocurrency crowdfunding markets, in the case when there are not suitable funds available for the different marketing process, one can not pay for promotion, they lack the support of investors. Bounty management is a great solution for such type of situations. In this process, the team is rewarded after achieving project tokens, helping all the participants at the time when the token comes from the exchange platforms.
Bounty management and programs are one of the essential tools for a support base to reach out the various potential investors. Cost of the bounties depends upon the startups and the different business types, members of the blockchain communities
While it comes for Bounty management there are two different types of programs :
1. Pre ICO bounties: These bounties are generally focused on marketing activities and community building on different platforms and the channels. The whole purpose of this process is to build and promote a brand seeking support from the social media and internet for the particular ICO. It has actually meant to make people aware of the coin and the platforms. Pre ICO bounties are included with YouTube Videos (Creating & editing) and social media promotion. Publishing all type of content for websites, newsletters, blog, and other content sharing platforms. White Paper translation, infographic creation, and Bitcointalk signatures.
2. Post-ICO bounties: Purpose of these bounties is to be focused on improvising blockchain's project or services. Main responsibilities of the post-ICO bounties are included with platforms bug fixes, translations, community management product improvements and suggestions. These bounties are responsible for the growth of blockchain's project or services.
All the blockchain startups for achieving a good success need to utilize any of the program described above. Pre ICO programs are generally designed for small projects having small funds. These are a great way to spread information and building a brand while saving money.
Blockchain startups can hire bounty managers on different competitive costs as per the market scenario. Herewith mentioning some of the bounties arranged from largest to smallest payout :
- Bug fixes
- YouTube video creation bounties
- Marketing material creation: articles, promotional pieces, content creation, etc.
- Airdrops
Social media bounties: Facebook posts, likes, shares; Twitter posts, re-tweets, likes; Instagram posts, etc.
Bounty campaign management is the process which requires quick and appropriate feedback on the various group chats you are involved in to as of telegram, Bitcoin talks etc. A slow response in the bounty hunters can turn your project into fraud and not trusting factor creating panic and creating the worst conclusion for your project. This is what investors searching in any project they are dealing into a crypto community. Hiring experienced bounty managers can deal with your projects as they carefully consider the requirement of the project and the token they are offering. There are so many crypto investors which have been proved failed due to the lack of good bounty managers. It is really a task requires efforts and lots of skills to be trustworthy, and reputed members in front of the investors. The broader your coverage more you will be reaching to the potential investors. And thus bounty management is the process to deal with more languages and the websites plus whitepapers translated into. Bounty management is unique and a good translation.
Let's sum up the certain important points to consider for a successful bounty management process including tests and trials, the topic for bounty management, active news feed and the suitable feedback time. Bounty management is a really unique tool and it is very helpful for solving many problems in short times and to broaden your ICO coverage. It increases engagement in the crypto community.