Each project that launches its ICO creates a bounty program. This is a reward program for helping to promote and promote ICO
. Services are paid in project tokens, which you can either immediately sell or hold in the hope of a higher cost in the future. And most importantly, many of the Bounty campaigns will not require any large labor costs from you, you will not have to run around in search of investors for commissions, everything is much simpler.
Let's consider what Bounty campaigns are in most projects and how much money can be earned from this.
Bounty Campaign Types
1. Signatures on the BitcoinTalk forum.
forum is the main place of promotion for any ICO, since This is the main place where cryptoinvestors from all over the world communicate. It has local sections in almost all languages of the world, and the monthly audience of the forum, according to data of similarweb, is up to 30 million visitors. That is why all projects seek to allocate more budget specifically for advertising within this forum. And one of the most common and effective ways to do this is a subscription campaign.
What is a signature
On the forum, each user can set a text message in his profile, which will be automatically added to each of his posts on the forum.
ICO campaigns buy this place from the user and use it as an advertisement. Those. the user simply communicates on the forum, writes various comments and at the same time advertises some ICO.
How it works
There are restrictions on the installed signature on the forum, depending on your rank. For example, if you only registered on the forum, then you will not be able to use bb tags in your signature, and the signature length will be limited to 50 characters. The rank in turn depends on the “activity” indicator, and the activity on the number of messages you left and the date of your registration. An activity can only increase by 14 points every 2 weeks. Most ICOs accept participants with the rank “Jr. Member "and above. To get this rank, you will need to leave 30 messages within 6 weeks.At this link
you will find all the information on the ranks and restrictions.
As a rule, projects allocate a certain percentage of the fee for an ICO as a general budget for a particular Bounty campaign. For example, in the framework of ICO SmartProgress,
we stated that we allocate 5% of all sold tokens to all Bounty and 70% of the total budget of Bounty to the subscription campaign. These numbers vary in different projects depending on the amount of the collected amount and the number of different bounty campaigns.
The total budget of a separate Bounty campaign is divided by the number of participants. But here there are features. Payment is not evenly distributed, but depends on your rank. It is usually charged once a week in "shares" or "rates", the higher your rank, the more shares you earn.
Upon completion of the ICO, the total budget will be distributed according to the following formula:
How much can you earn
Income in different Bounty is completely different, but on average, a member with the rank of “Member” (Activity: 60, Flow time: 2.5 months) receives about $ 500 a month from participation in the subscription campaign.
Most ICOs require 10 messages per week from participants. Suppose you want to write meaningful messages and you spend 10 minutes for each message, which means that 10 messages will take you 100 minutes a week or 7 hours a month. The most amazing thing is that you can use as many accounts as you like, it is not even prohibited by forum rules
. You can register dozens of accounts and write each with 10 messages per week and receive $ 70 per hour.
2. Social networks
To participate in this type of Bounty you need accounts on social networks - twitter and facebook. Accounts should look like real ones with a lot of live subscribers and your real activity. Of course, this should ideally be the case, but most participants create fake pages with friends and followers. It is for this reason that we did not include social networks in our Bounty campaigns. Nevertheless, Bounty in social networks remains one of the most popular campaign after signatures.
How it works
All that will be required of you is to subscribe to the official ICO pages on social networks, like each entry and make it repost or retweet. What could be easier? You can participate in parallel with a large number of ICOs with one account, so you will not even need to create several accounts.
How much can you earn
Since participation in such campaigns is much simpler and does not require practically any efforts from the participant, then there are much more participants in them than in subscription campaigns. A large number of participants greatly erodes the overall budget and a participant can count on income in the region of $ 20 per month. But you can simultaneously participate in 50 campaigns, in this case, your income will be already $ 1000 per month.
3. Translation into local language
Easy ways are over, then you will have to work further. The third popular type of Bounty is a translation from English to local.What is usually translated:
- Announcement on the forum
- ICO website
- White paper
The translators in the Bounty campaign of the ICO use the least of all compared to the other participants (signatures, social networks), so the total budget is divided into fewer people and the income of one translator for a complete translation set can be $ 500 or more.
Where to find bounty?
As already stated above, all projects publish their ICO announcements on the bitcointalk forum without fail. They also publish their Bounty programs there. If you want to participate in a subscription campaign or a social networking campaign, then you just have to look through the Russian section of the forum
. The Russian section is one of the biggest after the English and even more Chinese.
We look at the topic headers and look for the prefix [BOUNTY] or [ANN]. If the topic title starts with [BOUNTY], then this topic is directly devoted to Bounty, but often projects combine their announcement with Bounty and publish it in the main topic with the [ANN] prefix.
Up to this point, everything seemed just fine, right? Yes, you do not risk your money and in return receive project tokens, which, if you wish, you can immediately sell on the stock exchange or become an investor in the project and wait for the price to jump to heaven. But even here there are risks, consisting in the fact that not every ICO collects even the minimum necessary amount and in this case you do not receive anything. Those. on the one hand, you did not invest money, but spent your time and did work that may not be paid.
I've started to translate just 2 weeks ago. I translated 10 ANN thread, 4 Bounty thread, 5 website and 6 Whitepaper within 2 weeks. I didn't receive anything yet. ICO. I hope you succeed and I get some token
For this reason, before enrolling in the first Bounty campaign that promises you fabulous wealth, you should approach the project from the investor's point of view, because even if you don’t invest in money, you invest in your own time and effort, which is the same a resource like money.
After realizing this, you may change your mind for a month to work on a project that has neither a product nor a clear development plan, but says it wants to collect $ 1 billion for the cloud-based decentralized neural network of the marketplace Uber on the blockchain and give half of it Bounty members.
Instead, better pay attention to projects with more modest appetites, but with a finished product and a distinct development idea, such as SmartProgress, for example.
A little bit about SmartProgressWhy do we think that SmartProgress is different from all other ICOs?
- We already have a finished product that has been successfully operating for over 5 years.
- The project already has a huge audience that grows with doubling every year. Currently, more than 150,000 users are registered on SmartProgress, 20,000 of whom use the service on an ongoing basis.
- The project is already generating income and it is constantly growing. At this time, it is $ 3,100 per month.
- The project will receive an international grant from Startup Chile in the amount of $ 35,000, and even these small financial investments have increased the project's monthly income by 3 times in just six months.
- A small “Hard cap” (limiting the maximum amount of funds raised) is only $ 500,000. At the moment, all ICOs are competing who can collect the highest amount. Projects expose simply transcendental sums of tens and hundreds of millions of dollars, without explaining at all why they need so much. We went the other way, we are going to collect exactly as much as we really need to implement the intended plan, which we wrote in the White Paper.
| Announcement on BitcoinTalk
| Our bounty