A drive through the important things you need to know about ICO bounty marketingAuthor ICO Marketing Services
Marketing your project is just as important as coming up with a quality idea. When it comes to crypto projects, you need to take marketing seriously because the sales rate and the success of your project depend on the efficiency of your marketing. ICO bounty marketing is one efficient strategy that helps increase the visibility of your projects while simultaneously increasing their sales. Before we jump into anything regarding the Initial Coin Offering Bounty Marketing Programs, it is important to know what ICO is. Let us start from there!
Initial Coin Offering
If you are an enthusiastic entrepreneur, you will certainly know the importance of capital investment when you start a business. The role they play in startups is indispensable as you need them for the very foundation of your project. Initial Coin Offering platforms in the crypto universe are one of the major blessings that helped people with exceptional crypto projects and not-so-good bank balances. When you seek ICO platforms to kickstart your crypto venture, you can find bounty campaigns if you are lucky enough. Some most reputable platforms offer ICO bounties to encourage both the investors and users while simultaneously marketing their forum. Now let us see what a bounty campaign in an Initial Coin Offering (ICO) platform is.
Bounty campaign- ICO version
Bounty, in general, is the set of rewards you receive for dealing with a certain platform. Bounty campaigns are a marketing strategy that ICO platforms use that benefits the users as well. Since there seems to be an increase in the hype for a product when you digitally market it, people tend to adapt bounty marketing for better branding. By branding your platform efficiently you can make an enormous profit. When it comes to bounty marketing, there are two types. They are
- Pre ICO Bounty programs
- Post ICO Bounty programs
Let us discuss both in detail.
Pre ICO Bounty Programmes
Pre ICO Bounty programs are those campaigns that take place before the Initial Coin Offering platform launch. The very objective of these campaigns is to keep people in the know about your upcoming ICO project. You usually advertise your launch on social media and brand it in a way that attracts new customers. By spreading word of mouth, your products create a sense of excitement in people.
Social Media campaign
Campaigning via social media is one of the killer strategies used by the platform for increasing its visibility. In this strategy, people are assigned social media tasks individually, and after the end of each task, it requests them to submit a report. Then, based on the report submitted, the individuals get their rewards. Usually, these bounty programs are carried out on social media platforms to increase awareness of the rewards and updates of an ICO in the crypto community. The common pre ICO bounty programs are as follows.
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Social Media Bounty campaign
It is a program based on an individual’s social media engagement and activities about the crypto project. The reward the participants get is calculated based on their performance in terms of resharing posts, retweeting, sharing stories, and more. The regularly used social media platforms for this kind of pre-ICO campaign are Facebook, Twitter, and YouTube.
Article Writing Bounties
This program allows bloggers who have a large following base to write featured blogs and articles regarding the ICO project. The participants of this campaign get their rewards based on the engagement and the quality of the blog.
BitCoinTalk Signature Bounties
This campaign is peculiar for the users in the Bitcointalk forum. The Initial Coin Offering platform hands over to you a sign with a code inscribed on it. You get the rewards based on your ranking, which is decided by the number of stakes you get.
Post ICO Bounty Programmes
Post ICO Bounty Programmes are those campaigns that happen after the launch of the ICO platforms. These campaigns are carried out as a process to invite investors and users to the Initial Coin Offering platform. The main objective of carrying out these campaigns is to make improvements based on the feedback the project community receives. The most popular post-ICO campaigns are as follows.
Translations Campaign Bounties
This campaign involves the translation of documents regarding the crypto project that suits non-English people like Japanese, Chinese, Dutch, German, etc. It involves translating crypto websites, white papers, and more of such types.
Bug Reporting Bounties
It is the strategy ICO platforms use to find out the errors in crypto projects that technical teams usually fail to address. Apart from being an exceptional way to market your crypto projects, it also helps developers to come up with more efficient projects in the future.
Contacting an ICO Marketing agency like us that is potential enough to increase the brand value of your crypto project is one effective way to ensure that you get the results you expect.
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