Earning money without investments on crypto in bounty programs

Hello, dear friends! Investor Just must always monitor the markets and when new opportunities arise use them to earn money. In recent years, cryptocurrencies have become such an innovation. By investing in them, it was possible to increase capital tenfold in a year. Moreover, it is not even necessary to buy crypto; you can earn good money by participating in Bounty programs. Concepts such as Bounty and ICO are inextricably linked, so today we will understand what the primary issue of coins is.

It is quite possible to achieve an income of $500-$1000 per month with relatively little effort at the moment when the crypto goes to ICO (I indicated the profit in prices at the initial sale of coins). Developers need advertising for which they don’t have to pay real money, but you and I can get cryptocurrency tokens and then sell them.

What is Bounty

Bounty is the general name of an advertising campaign when a developer of something (it could be a new crypto or any other IT project) launches an ICO. He needs investor money to continue development.

Any project needs promotion . It is in the developer’s interests to ensure that as many potential investors as possible know about his startup. At the same time, there is neither the money nor the desire to incur additional costs for organizing an advertising campaign. The bounty program becomes an ideal way out of this situation.

Those participating in this event receive a portion of the cryptocurrency after listing the coin and entering the exchanges. For this, they promote the project on social networks, search for bugs, and translate materials. Sometimes it is possible to receive tokens for developing DApps . What happens next is:

• An ICO takes place , investors buy tokens;
• A certain percentage (agreed in advance) of coins goes to the Bounty program. Typically, 1-1.5% is allocated for the bounty in general, and the whitepaper provides details on the types of promotion;
• After receiving tokens in the wallet, the Bounty participant can exchange them for Bitcoin, fiat currency, or store them in anticipation of the growth of the crypto in the future.

In the end, everyone is happy . The developer receives virtually free promotion of the project, allocating a small part of the tokens for this. Bounty participants earn good money after the crypto is released on the exchange.

What is Bounty?

Bounty (in short) is simply a reward.

A bounty is a payment offered to someone as an incentive to complete certain tasks.

The term "Bounty" is primarily used by gaming communities and is intended to reward users for either reporting a bug or contributing to the game's development.

Rewards are usually paid in the form of cash (fiat) or game tokens. Essentially, it is a reward mechanism offered by a company to individuals in exchange for performing certain tasks for the company. So, how does this relate to blockchain and cryptocurrencies?

We often see notices about people being wanted, sometimes the government even promises rewards for the capture of especially dangerous criminals. Those who catch such criminals are called bounty hunters.

Similarly in blockchain applications and cryptocurrencies: Bounty emerged primarily as a defense mechanism against cybercrime. Sites like Bitcoin bounty hunter are used to reward BTC users for finding hackers or recovering a hacked account.

Crypto projects these days mostly run reward programs for marketing and advertising purposes. But Bounty is paid both for reporting bugs and for working on improving the software.

Reward programs have proven to be successful because they benefit both participants and emerging cryptocurrencies. Users work and enrich the project, in return they are paid BTC or, more often than not, the tokens they promote.

Types of Bounty programs

Conventionally, they can be divided into 2 groups:

1. Taking place at the pre-ICO . Promotion in social networks, searching for bugs, etc.;
2. Working and at the stage post-ICO. This is the same search for bugs, compilation and translation of documentation. Typically, the types of existing Bounty campaigns combine features of both groups.

A typical example of how rewards depend on the number of Facebook friends

As for profitability, it all depends on the degree of development of your account on social networks. The reward is measured in stacks (shares), I’ll tell you what it is a little lower. The picture above is an example of a reward depending on the number of Facebook friends for The Zeex Protocol . If your account does not even meet the minimum requirements, the number of friends can be artificially increased.

How can you earn cryptocurrency through ICO Bounty?

You have set yourself the task of getting free tokens as profitably as possible without investment.

What you need to understand is that the list of tasks for the ICO Bounty program, just like the amount of possible rewards, literally depends on which targeted ICO startup you like best.

Let's indicate standard tasks:

• We register via E-mail, agree to receive the newsletter, and be sure to subscribe to groups on social networks.
• PR methods, actual reposts, any likes, various comments, mass retweets, subscriptions to ICO brand logos on various resources.
• Initiative promotion through blogs or microblogs, you can write reviews, news with translation into one of the available languages, etc.
• Luring investors using hyperlinks or affiliate links.
• Finding bugs in the platform.
• Development of project design, brand book, and, of course, website development.
• Development of special online service wallets, software, etc.

If you worked as a freelancer, then these Bounty ICO programs will not be so difficult for you, but if you are faced with this phenomenon for the first time in your life, you will have, as one great classic of modern politics said, to study, study, and study again.

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Examples of making money on Bounty

Let's look at real projects and find out how much you could earn from them.

JET8

The ICO for it took place in the spring of 2022. Of the total supply of 1.5 billion tokens, 2% (30 million) were allocated for the Bounty program. On Twitter, the campaign receives 15% of the total reward, that is, 30 x 0.15 = 4.5 million coins . Let’s assume that the participants generated a total of 500,000, and you personally generated 50 stacks.

Your share of the total amount was 50/500,000 = 0.0001 , that is, you will receive 0.0001 x 4.5*10^6 = 450 coins . The starting price of this crypto is $0.0974, and your earnings are 450 x 0.0974 = $43.83 . This is a frankly unimportant result. In addition, the crypt then fell, and if the coins were not reset immediately, then the earnings decreased even more.

Crypterium

Not a bad project for the beginning of this year. In it, 3% of the total number of coins were allocated for the Bounty (in total 99 983 577).

Twitter allocated 10% of the total reward for the Bounty, that is, 99,983,577 x 0.03 x 0.1 = 299,950 coins . Let's say you earned 200 stacks, and the entire Twitter community generated 100,000. Your share would be 0.2% of the community contribution, and the reward would be 0.002 x 299,950 = 599.9 coins . At the beginning of January, the rate was approximately $2.2 per 1 token, that is, this Bounty alone could bring 599.9×2.2 = $1319.78 .

Stratis

And finally, I will give the most striking example of how by participating in the Bounty, you can, if not get rich, then significantly improve your financial situation. We will talk about the Stratis , the bounty of which took place 2 years ago, in the summer of 2016.

For Bounty, the developers allocated 4.08% of the total number of coins - 4 million tokens. For promotion on Facebook, Twitter, Facebook – 600,000 STRAT. Let's say you got 400 stacks out of a total of 140,000, your earnings would be 0.29% or 1714 STRAT.

At launch, the price of the coin was only $0.0073, which would bring you $12.51. But if the tokens were simply stored on the wallet, then after a couple of years they could be resold for $19-20 each. That is, even lazy participation in the Bounty program would bring you more than $30,000 . I agree that in the last example there is one serious assumption - it was necessary to store the coins and sell them at the maximum. But it perfectly shows that earnings from likes and reposts can be at least quite good.

When it comes to how much you can earn from a bounty, it all depends on you. If you take on more projects and don’t be lazy to promote them on social networks , you earn more. Just keep in mind that more and more people are becoming bounty hunters and it’s becoming more and more difficult to make money.

Bounty programs in ICO

You can see a large number of blockchain startups launching Bounty programs as part of their ICO campaign. Before the ICO, a certain number of coins or tokens are allocated to motivate project workers. They can be allocated to promoters, developers and even investors. For example, to motivate users to participate in an ICO, the first few investors may be offered an additional percentage.

Most ICOs include reward programs as it is a proven marketing strategy. This creates more openness for their project, spreading the word throughout the community. In addition, it supports all types of resources that a project needs for a successful launch and rapid growth.

We hope this article was useful to you!

How to become a Bounty participant - preparatory stage

I will describe the scheme briefly, and then I will dwell on each of its elements in more detail. To participate in this program you need:

• have an account on bitcointalk (it is advisable to upgrade it to at least junior );
• have accounts on Facebook , Twitter (here he must be at least six months old). Odnoklassniki, VKontakte and other popular options in the CIS are not listed in the Bounty;
• create a Telegram . Previously, administrators did not pay special attention to its presence, but now it is almost always needed. In addition, it is convenient; crypto is discussed in the relevant communities and useful thoughts are expressed;
• register a crypto wallet. In most cases an Ethereum wallet ; occasionally you will need an additional one. The site has a separate article about cold wallets for cryptocurrency, I recommend that you read it. A wallet from a crypto exchange will not work ;
• select a suitable project and register to participate in Bounty. Then all that remains is to regularly check the accrual of stacks.

Bitcointalk account

All projects take bitcointalk into account, but the catch is that the age of your account plays a role. If you are a beginner and have the Newbie , then almost half of the truly promising projects will be closed to you. Please note that immediately after registration you do not need to overuse posting posts. Below is the current ranking of accounts .

Go to the section for beginners and ask questions that are really interesting to you . Do everything as you would do in normal communication. You need to carefully increase the status of your account, because your profit depends on it.

The figure above shows the distribution of stacks depending on the status of the account in the InRating . I took it just as an example. The key here is that the amount of work will need to be done the same. But the reward for a legendary account and an ordinary bitcointalk participant differs by 5 times.

Another option is to buy an already upgraded account, for example, on zismo.biz . There is no crime here, just make sure that the seller does not deceive you. In addition, the required account levels are not always available for sale. For a Member they ask for 8-9 thousand rubles, and Hero will cost 4-5 ETH, the price also depends on the seller.

As for multi-accounts , some people do this by opening several accounts. I prefer not to take risks and work honestly . There is a chance that the admin will recognize your cunning, and then you can forget about your stacks. If you decide to open several accounts, then select different projects for them.

Working with social networks

There is one rule for social networks - the reward depends on the number of subscribers. In the case of Twitter, the age of the account is also important. As an example, I’ll look at the features of working with this social network:

• Easily more convenient compared to Facebook. Here you won’t be forced to enter a captcha (this happens on Facebook); it happened a couple of times that Zuckerberg’s brainchild blocked the ability to add posts for a day;
• Twitter allows you to add posts faster and quickly copy links. The savings amount to seconds, but if the count is hundreds of posts per day, it is already noticeable. Tip: add the prefix “mobile” to the url, mobile versions load faster. Example: https://mobile.twitter.com/IA_Tokens ;
• If you don’t have your own account, the easiest way is to buy a ready-made one. A clean account with an age of 3-4 years will cost 200 rubles. If there are many subscribers and the age is several years, then they can request 1500-2000 rubles;
• Keep an eye on twitteraudit.com for the quality of your account. Usually, bounty players are required to have 85-90% of live readers, but it is better to keep this figure higher so that it does not fall below 95%. The figure indicates the ratio of normal subscribers and those whom Twitter considered fakes. Below is an example of great accounts, the followers here are real. After the first check, you will have to buy a subscription, but it is cheap: until the number of followers exceeds 10,000, you can get by with the simplest option for $4.99 per month;

• Constantly increase your number of subscribers . This can be done either through special services for money, or manually. Earnings depend on the number of subscribers, so don’t be lazy.

Algorithm for free account promotion

• We go to bitcointalk.org in a thread discussing a project and there we follow the Twitter link;

• On the project page, go to the section with subscribers;

• Let's scroll down to reveal at least a few hundred subscribers. Now we search on the page (keyboard shortcut Ctrl+F) on request FollowBack, which means “mutual subscription" Click on the button Follow next to accounts that match the search criteria. In return they will follow you;

• I recommend monitoring the status of your subscriptions. Someone regularly unfollows you; you should unfollow such people. To avoid manually going through thousands of accounts, I use the service unfollowerstats. It displays those who have not mutually subscribed. Also pay attention to the tab I-Don't Followbackto follow those who follow you.

The same can be said for Facebook For promotion:

• There are groups like “ add as friends ”, “ mutual PR ”. Join them, send invitations to all participants, and soon you will have several hundred subscribers;
• write posts with the hashtags #followback , #addfriends , you’re not the only one looking for a way to legally gain subscribers;
• There are also paid services, but if you have at least a little free time, there will be no problems with manually recruiting subscribers.

For the English version of the site there is a useful extension “ toolkit for Facebook ”. It automatically accepts all friend requests. Among the paid methods for promoting accounts on social networks, I can recommend:

• Sobot , Brobot - special bots that automate work with posts, adding friends, commenting and other aspects that you previously worked with manually;
• Sotselin , Profi-like , bosslike are services that offer account promotion for a reasonable fee.

Nuances of working with Twitter, Facebook

There are a few little things that beginners don't pay attention to:

• When purchasing an account, immediately change your email, password and link your phone ;
• Make sure that the phone number matches the region where the account was created. There are bans on Twitter due to inconsistency;
• It is advisable to link your phone before you take part in the Bounty and, in general, before any activity on your account;
• Post the same posts on Facebook and Twitter . Everyone without exception does this, there is no need to complicate your life and come up with different content for these social networks;
• When blocked, do not rush to write off your account and buy a new one . Contact technical support; often after some time, access to your account is restored;
• Once you get a few thousand subscribers, don't stop adding new ones . Set yourself a rule - there should be at least 40-50 new followers per day.

Algorithm for completing the task

The process for making money on most bounty programs looks the same and consists of several key steps:

1. Registration. The difference between one distribution and another is only in the set of fields required to fill out. In this case, it depends on how diverse the list of sites where you can earn crypto coins from the startup you are interested in is.
2. We publish, repost, execute. This stage begins immediately after the registration process has been completed and consists of completing tasks that depend on the resources available to you, personal skills and time. You create and upload videos, repost on various social networks, and perform other tasks that are available in the list from the developer.
3. Report on the work done. Not very convenient, but a mandatory element of any cooperation with the ICO bounty. Each time, after completing the next task, you need to enter statements about it in a special form on a separate resource. Without filling out data for reporting and verification, no payments will be made. The same thing can happen if you submit your statements at the wrong time.
4. Deadlines and receipt of tokens. In most cases, specific deadlines need to be found on the official website. On average, the duration of the bounty, after which the tokens will be credited to your account, takes from 1 to 2-3 months.

Register on The Viral Exchange

I included this item for the reason that at the start of your bounty career it can bring even more income compared to earnings on social networks. Briefly, the essence can be described as follows: we register on the site, complete simple tasks and receive a reward for them. The tasks set before you are aimed at promoting a project.

Instructions for working with it look like this:

• Register on the site . You need to specify your email and set a password;
• In chapter Earn Points select the desired social network. If your account status meets the minimum requirements, you will be able to work with tasks. They consist in the fact that you need to like, subscribe to one of the groups, and share the post. The reward is a small number of crypto tokens in the advertising of which you participated.

As an option, for part of the task they give a reward in the form of Viral Points , this is the internal currency of the site. It only makes sense to earn it if you plan to post some tasks here yourself. The time required is minimal, so The Viral Exchange can be used at the initial stage.

Another option for earning cryptocurrency tokens without effort is Airdrop . Soon I will write instructions on how to make money on airdrops. Coins are awarded to everyone for completing simple tasks or to coin holders. In this case, the developers rely on the effect of word of mouth .

Platform for storing information Filecoin

Few people believed in the complete success of the event, since similar platform prototypes already existed on the Internet.

But the ICO at the end of September showed that by the end of the project the team managed to reach the milestone of $257 billion, and the start of the token sale at the end of the first ten days of August in the first 30 minutes brought the developers $200 million in investments.

The main idea of ​​the project lies in one interesting “trick”.

A user who owns free workspace on their installed hard drive can sell it to any users and receive a reward in the form of Filecoins tokens. Figuratively speaking, hard drive owners become “storage miners.” In order for you to earn money, you will need to make a certain deposit in filecoins. Active “vault miners” can also earn money by creating their own blocks. On the other hand, Filecoin feels the breath of such giants as Amazon, Microsoft and Google. You will have to make a lot of effort to avoid losing your reputation in the future.

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How to choose the right project to participate in the Bounty

There are about 1500 cryptocurrencies, and most of them are outright scams, so-called shitcoins in every sense of the word. Developers come up with a legend, collect money, and then the coin simply does not appear on the exchanges. As a result, the bounty participants remain the owners of coins, the cost of which at ICO prices can be thousands of dollars, but in reality you will not earn even $1 for them.

There are a lot of bad projects, and for a beginner bounty player it is critical to choose a normal one . On bitcointalk in the profile thread there are stories where people participated in dozens of Bounties, but in the end did not earn even $100. The reason is indiscriminate choice. Gone are the days when any crypto grew by leaps and bounds; now a thorough analysis of the coin is needed.

Resources for finding bounties

• Bitcointalk – the largest forum dedicated to crypto. Follow the path Forum—Alternate cryptocurrencies—Marketplace (Altcoins)—Bounties (Altcoins). The list will include almost all new bounties. It’s convenient that you can immediately read the discussion of the coin, so you will get at least a first impression of the project. Here there is a Russian-language list of projects with the Bounty program, Here English version (better use it, it is more complete, projects are added more often and faster).

• Third-party sites on the Internet are full of portals where lists of Bounty programs are compiled, some of which immediately evaluate them.

Below are links to sites where you can track Bounty with a referral program:

• https://bountyhive.io/browse
• https://bountyhunters.io
• https://bountyhunter.club
• https://icostats.com
• https://www.icoalert.com
• https://app.bancor.network/discover/bounties
• bountyportals.com
• https://bounty0x.io/
• https://icobountyhunt.com/
• https://icotracker.net

How to find cryptocurrency Bounty programs

You will often find active Bounty programs on forums such as BitcoinTalk.org.

Find the program that suits you, read and understand the rules, do the work and get rewarded. This is an easy way to earn crypto assets.

But please note that in most Bounty programs you will not receive your reward immediately and only in project tokens . Thus, only if the project becomes successful, the token you receive will become valuable and can be sold on the exchange. But in most cases, the projects turn out to be scams, so you will either not receive any rewards, or the token you received will become useless.

Cryptocurrency bounty is an easy way to earn some cryptocurrency in your spare time. Of course, you can earn a lot from such programs, but there are also scammers who will not pay you anything.

Therefore, before you start working on a project, analyze it carefully and be very careful when choosing a Bounty to participate in it.

READ

Free Bitcoin: how to get cryptocurrency without investment

Bounty analysis using the example of WPP ENERGY

Let's take the first project we come across from the English-language bitcointalk thread and analyze it, you will have to reason in the same way.

• Date : it is said that the program started on June 22. It happens that the end date is not written, in this case, ask yourself, study the thread , maybe someone has already asked you the same thing;
• A very good percentage is allocated to Bounty;
• The distribution by type of work is normal. It is important that Facebook and Twitter each have 15%;
• Stacks are distributed weekly.

Now the most difficult thing - you need to evaluate the project as a whole, get acquainted with the idea, read the White Paper. Take into account your activity on bitcointalk . If the discussion is only a couple of dozen pages, this is a signal not to get involved with this Bounty. In our example, everything is fine; in a couple of weeks, the thread has almost 200 pages of discussion.

Conditions for receiving stacks

Here we see that the quality of the Twitter account must be at least 90%, you also need to like and retweet at least 5 posts from the developers. You also need to post at least 3 original posts per week. The distribution of stacks is shown right there.

Don’t get hung up on social networks, especially if you speak reasonable English. For example, they give 5000 stacks for translating a White Paper. Remember that the distribution of tokens, or rather the number of coins you will receive, depends on the number of stacks. So it may be more beneficial to complete one big task instead of fiddling with social media.

I recommend tracking ICO ratings through third-party sites; not only bitcointalk has useful information. Below is a list that I use myself:

• https://icobench.com/icos
• https://icorating.com/ico/
• https://icodrops.com/
• https://icobazaar.com/v2/list/all?search=
• https://icoholder.com/en/search?q=
• https://tokenmarket.net/ico-calendar
• https://www.coinschedule.com/

If there is some additional rating service, check it at least by the volume of traffic through the Similar web . If the monthly volume is more than 200K, you can trust the site.

The picture above shows the result for icoholder.com. No one has canceled independent analysis of projects . Take into account the team’s experience, reputation, availability and adequacy of the whitepaper, popularity on specialized resources, preliminary agreements with real businesses on the implementation of the idea.

Examples of successful ICO Bounties in the past

We have compiled a small analysis of how successfully Bounty ICO projects were implemented in practice in 2022.

Brave Browser

The founder of the project, Brandon Iku, was already known to everyone as the developer of Mozilla, as well as the language platform for JavaScript programmers.

Last year, in 2022, the founder of the Brave browser managed to attract investments of the required volume in just a world record start-up time of 24 seconds.

By the way, the majority of crypto investors were dissatisfied with the course of events, with the fact that they were unable to buy coins during the general crowdsale. And in total, only 130 crypto investors turned out to be the owners of tokens.

The total cost of the project is $35 million.

The main task of the browser is a unique opportunity for all users, without exception, to receive money for viewing online advertising. The working browser profile itself is powered by a smart contact based on Ethereum.

In browser mode, prepaid advertising always appears, the finances of which are divided between developers, browser investors, and browser users.

There are additional advantages of the browser:

• Highest browser loading speed;
• When using the browser on smartphones, the lowest power consumption;
• All account data is encrypted;
• Protected from viruses and bots;
• Protecting ad units from third-party clicking on ads.

Project Block.one

Transferring global business to blockchain technology platforms was the first purpose of the Block.one project.

At the end of June 2022, the official crowdsale of the ICO platform took place, where about $185 million was invested.

This project has become the largest in the entire history of ICO projects.

The corporation itself is registered offshore, more precisely in the Cayman Islands, and by the beginning of 2022 the team successfully raised an amount of $700 million, and the total capitalization exceeded $6.5 billion.

The programmers have developed their own program under the working name EOS.IO, their main task is to help businesses solve pressing problems that are directly related to high commissions and low transaction speeds. The distribution of profits was the fairest - the developers got only 1%, and 80% “went” to investors.

Aragon Project - CRM

The crowdsale of the project was scheduled for May 17, the deadline was 1 calendar month, but the developers managed to collect the entire amount of $25 million in just 24 minutes.

The program was announced as a platform designed for internal management and management of companies based on blockchain technology.

The project implemented Ethereum smart contracts, which are tied to accounting and economic reporting of enterprises, as well as wage payments, control of travel expenses, etc.

Simplifying office work is the main goal of the Aragon CRM project. At the beginning of 2022, the total capitalization of the project was $108 million. Louis Cuende, the founder of the project, received the most prestigious American award in 2011 in the field of programming.

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Mathematical method for project evaluation

The inconvenient thing about bitcointalk is that there is no date filter . As a result, older projects may be at the top of the list, and younger ones at the bottom; it’s difficult to search. You will have to come to terms with this or use third-party services that have such rankings.

To quantify the prospects of a project, two values ​​are needed - the number of days from the start of Bounty and the number of responses; on their basis, the so-called hype index . If you ever come across a value greater than 80-90, you can register without wasting time studying. From 30 is also not bad, everything within 10-20 needs to be analyzed in detail. Example - as of July 12, the WPP Energy Bounty is running for 21 days, during which time there have been 3,955 posts in the profile thread. Hype index 3955/21 = 188 , this is a high result.

If there is no activity in the branch, then the crypt will most likely turn out to be “dead” and will not reach the listing after the ICO.

The video link below describes the methodology for selecting promising projects.

How to learn to make money on successful Bounty ICO projects

Let’s say right away that it is neither theoretically nor practically possible to cover all projects.

Dozens of projects appear every day (and if this continues, there will soon be hundreds of ICO projects a day).

For regular reposts, at best, you will earn a couple of dollars a day, no more.

For these purposes, it is best to use special basic knowledge of ICO Bounty programs.

Let's tell you a secret, we also opened a page for you where you can monitor online, down to the second, how much time is left until the ICO project starts. We are preparing help for you, where we will help you uncover the cases and features of new projects and Bounty ICO programs. We have our own Telegram channel, where we also talk about interesting crypto projects, as well as ICO Bounty offers. Information about upcoming events and interesting news will be an ideal way for you to assess your strengths for investing in each of the proposed projects.

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Registration in Bounty

Everything is ready to go, all you have to do is get started. There are several ways to register.

1. On bitcointalk in the thread the manager posts a link for registration;

2. Fill out a simple form and become a member of the Bounty;

3. Another option is through a message in a thread on bitcointalk, example in the picture below;

4. Via email. Almost never happens, a very inconvenient method, you could easily not be added to the list of participants by mistake;
5. Through the account on the project website;
6. Through an aggregator website;
7. There is also an option without registration, when you do not need to fill out a separate form. Such projects consider the first weekly report sent as proof of your participation in the program. You are automatically included in the Bounty participants. This type of registration is called Weekly Post.

Expenses

The costs of managing a bounty campaign vary greatly. Some of the most important factors are:

• duration of the campaign,
• professionalism of the team,
• developed community infrastructure,
• bounty tasks.

Campaign managers typically spend around US$5-10K along with tokens distributed for the bonus program, which lasts about a month. The reason it's so expensive is because of the cost of technical support and moderators who ideally manually review every single post and constantly interact with the community.

Registration errors and how to get rid of them

It's easy to make mistakes when choosing projects. When I started working with Bounty, sometimes it turned out that I didn’t get on the list of participants, but I was sure that I was on them, and I worked for 1-2 weeks for free. Don't repeat my mistakes. Below is a list of what can happen:

• Forgot to register . I liked the project, but in a hurry they didn’t fill out the form;
• Didn't subscribe to Twitter, Facebook . This is a mandatory condition, so first of all, subscribe to the accounts of the project you like on social networks;
• Telegram group ignored;
• Links were swapped during registration directly to your Twitter account and the audit results for it. It's a small thing, but you won't be registered because of this.

Before starting work, I recommend checking to see if they forgot to add you to the list of participants. Any Bounty has something like Check Participation Here and a link to the list of registered people (it may be called differently). Search for yourself using your login, and if everything is in order, get to work.

Advertising on Facebook and Twitter

The most popular and simplest type of Bounty program is work on Facebook and Twitter. Here you get money for reposting, retweeting, subscribing and leaving comments. Today, these are the two most common social networks, on which the majority are registered and actively use. For example, an active Twitter user is asked to fulfill the following conditions:

• subscribe to the project page;
• create posts about the company or using the name;
• like and retweet posts on the company page.

This kind of advertising works quite actively. Your task is to attract more followers to your page. The more there are, the more you earn. Facebook users also need to perform the same actions.

Passing the Bounty

I will formulate a number of rules that work regardless of the project in which you are involved:

• Plan your actions . Prepare posts, distribute tasks throughout the week and day;
• Do not dump out the entire amount on the first day of the week, the posts will not count;
• When you need to publish a unique post, you can briefly say how the project stands out from the rest, what attracted you. Very succinct and as concise as possible ;
• Save links to tweets; for convenience, use allmytweets ;
• Keep your own report on all Bounties. I recommend making a table for yourself where you will enter projects. An example table can be downloaded link.

The main thing in your work is to do everything as naturally as possible so that the Facebook or Twitter algorithm does not consider you a bot. If you don’t lump everything into one pile and work according to a schedule, then there won’t be any problems.

Submitting reports

The most crucial moment in the entire campaign ; difficulties may arise in determining the date for submitting the report. There are such options:

• The simplest thing is to directly indicate the day of delivery ;
• In Bounty they write when the work week (it may not coincide with the calendar week), you need to submit it the day before . That is, if the campaign started on Wednesday, then you report on Tuesday;
• There are no dates in the description , but in the table with the participants there is detail by date;
• The most reliable thing in any unclear situation is to simply ask or see when the others are passing.

Working in a bounty requires the correct submission of the report. And here too there are different options:

• The most common is that links to tweets are posted right in the project discussion thread on bitcointalk, the figure below is an example of such a report. You need to indicate your Twitter, number from the table of Bounty participants, links to tweets;

• Separate form;
• One post is made , and he updates it;
• There's no need to give anything away the manager will calculate everything himself. And since he is a very busy person, he may make mistakes.

You can find out about the accrual of stacks from the table with the list of participants. The figure above shows an example of the current Bounty and reward distribution.

I recommend following other participants . If everyone has received their stacks, but you have not, you need to contact the manager. To argue your position, store reports in a separate folder . Most often, the manager decides such situations in your favor. Although, if you are rude, you can forget about the reward.

Example of the profitability of past bounties

The size of the reward depends, by and large, on two parameters: the bounty campaign budget and the success of the project, which is reflected in the price of the token after listing on the exchange. And if the first parameter is easy to calculate (more on this below), then the success of the project is your DYOR (DYOR - do your own research - “do your own research”).

We recommend calculating your remuneration using the following formula:

B = Bt x ICOprice x X ,

Where:

• B – your reward;
• Bt – estimated number of tokens depending on the distributed stakes and the bounty campaign budget;
• ICOprivce – token price at the ICO stage;
• X is the coefficient that determines the success of the project after listing on the exchange and you receiving bounty tokens.

For example, you received 1000 tokens at an ICO price of $0.15, a total of $150. If the project is promising and promising, at the time of distribution its token will be traded on the exchange above the ICO price. This is the coefficient X = price on the exchange / ICO price.

Below are some examples.

Mainframe

This project, instead of the usual bounty campaign, implemented Proof of Heart, within which one could earn from 1 to 4 ETH (~ from 500 to 2000 USD at the time of the program).

More details about the project: Review of prospects and features of Mainframe ICO.

CardStack

The bounty campaign, organized by Amazix Bounty, offered up to 6 stakes for participation in 7 different programs. 1 stake was equal to 10843.959 CardStack tokens. At the ICO price this is 10843.959 x $0.017 = $184.347. After the distribution of tokens to the “bountists”, the price of the token fell by more than 2 times. Now 1 CARD costs $0.002208 (7 times cheaper than the ICO price).

Article about the project: Cardstack conducts ICO and creates a decentralized Internet.

Credits

For participating in the bounty campaign, you could earn from 1 to 150 steaks. 1 steak ~ 38 CS, which at the ICO price was $7.17. Within a month after listing, the token traded x3 to the ICO price, so by receiving 150 stakes you could earn $3,226. At the time of writing, the token is trading at $0.1843, which is just below the ICO price.

Review: Credits is going to develop the fastest blockchain in the world.

Wallets for Bounty

An Ethereum wallet will be sufficient for most projects. From my own experience I can say that it is enough for 8-9 out of 10 projects. Alternatively, you may need a NEO and Waves . If you discover all of the above, you are guaranteed to have no problems.

under any circumstances try to use crypto exchange wallets . You will simply lose your tokens, since you need the smart contracts function.

A good option is the multi-currency cold wallets Jaxx and Exodus. Not only are they comfortable, but they also provide good protection. An article was recently published about security in the world of cryptocurrencies, I recommend reading it to understand how to protect yourself as much as possible.

Which wallet to get

The first and main rule is not to use wallets on cryptocurrency exchanges for long-term storage of your tokens. They should only serve as short-term placement between trades. In other cases, your choice should be based on the possibility of using a private key, which will guarantee the security of funds. The three most common wallets that will allow you to store the tokens of most emerging ICO bounty are:

• MyEtherWallet (browser wallet);
• Trust (mobile wallet);
• Mist (desktop wallet).

How to sell cryptocurrency on exchanges?

Most often, the result of a successful Bounty is receiving tokens of a little-known altcoin. Your task is to get fiat currency instead. I recommend doing the following:

• On the exchange where this crypt is traded, exchange it for Bitcoin or Ethereum;
• Transfer BTC or ETH tokens Exmo , Yobit . If you are an absolute beginner in working with crypto, read the material on how to buy cryptocurrency for a beginner;
• With them you exchange crypto for fiat;
• Withdraw fiat to Qiwi, AdvCash or in any other way that is most beneficial.

I also recommend not to throw off all the crypto at once . Leave at least 40 percent in case of sudden unexpected growth. The picture shows an example of Stratis , this can happen with any other crypt.

How is Bounty different from AirDrop?

For a better understanding, let's highlight the most significant differences between airdrop and bounty programs:

• when participating in an airdrop, the cryptocurrency will come to your wallet, as a rule, within 5-10 minutes after fulfilling the developers’ request (registration, etc.). Bounty payments take much longer to arrive, about 2-3 weeks;
• airdrop requires minimal effort – you register and that’s almost it. For a bounty, most often, you will need to have a fairly active account on certain social networks, and simply have certain abilities;
• Airdrop payouts are very small, which is not surprising considering the effort and time spent. In a bounty, the payout volume is slightly higher.

FAQ

Here I will answer some of your questions.

Hello, the Bounty ended yesterday, but there are no coins, when will they be available ?

Hello. Tokens are not credited instantly ; several days of waiting are the norm.

Hello. How much time does it take to work with the Bounty program ? Maybe it’s better to do Airdrop?

Hello. Depends on skills . At first you will spend more than an hour working on 20-30 projects. Then, during the same time, you will be able to process 2-3 times more volume.

I heard that some people earn almost $5000-$7000 , is this real?

Legendary accounts on bitcointalk. But most likely it was about making money in ICO prices. This is most often not connected with reality. When the listing goes through, this theoretical earnings of $5,000 can turn into $200, it all depends on the real exchange rate. You can’t compare these things, bounties and airdrops are different things, you need to use both .

Hello. I mistakenly indicated the exchange wallet , the tokens did not arrive there, is there any way to correct the situation?

Hello. Nothing can be done anymore . In the future, just be more careful.

I read on bitcointalk that due to the influx of bounty players it is impossible to make money , do you think it makes sense to start doing this ?

It has become more difficult to make money , it’s true. But the ability to analyze projects and select the best comes to the fore. So there is a chance to make money, but it will be more difficult than a year ago.

I received a temporary ban on bitcointalk , what should I do?

Wait until it's over and don't post so aggressively . Do everything so that you get the impression that you are simply communicating with other forum users.

ICO bounty recommendations

As a rule, bonus tokens are distributed only after the end of the Bounty ICO and analysis of the work of activists. It does not take more than 1-2 weeks. After that, you transfer the coins to exchanges and sell them for others: for example, Ethereum for the new IOTA cryptocurrency. And here it is still important how long the project will stay afloat.

Try to choose “average projects”, since too inflated amounts already give rise to the idea of ​​“a scam”. It is extremely important to take the time to read and understand the white paper in detail. Of course, it is important to learn more about the creators of the project. The publicity of the authors' faces sometimes works much better than a high percentage for the work.

If you want a real ISO bounty, work, but the huge number of tasks and the minimum deadlines for completing them should also give you certain thoughts. Here everyone chooses what is closest to them, because getting crypto is so tempting that sometimes you can just get carried away. Although the financial world community knows many cases when token hunters managed to win jackpots. And what to look for in a white paper has already been written in detail on my blog.

And may the Bounty ICO still bring real financial pleasure and well-being.

Author Ganesa K.

A professional investor with 5 years of experience working with various financial instruments, runs his own blog and advises investors. Own effective methods and information support for investments.

Summary

Bounty a year ago was very easy to do, and the income was indeed higher than that of an office worker. There is no point in lying, now life has become more difficult for bounty members , competition has increased , crypto is not growing, but this does not mean that Bounty should be given up. This is still a great chance to get cryptocurrency tokens just like that.

No one can guarantee that tomorrow your coins will not increase in price by 50-100 times. So, despite a slight decrease in profitability, do not discount participation in advertising campaigns. Just pay maximum attention to analyzing projects , and you can make good money.

This is where I end today’s review-instructions and say goodbye to you for a while. I am sure that some questions remain unanswered, do not hesitate to ask them in the comments. I will be happy to answer them. Don't forget to also subscribe to my blog updates. This way you will be the first to know about the release of new materials.

If you find an error in the text, please select a piece of text and press Ctrl+Enter. Thanks for helping my blog get better!

Benefits of a bounty for a project

Many startups lack liquidity before the ICO. Therefore, expensive press releases and banner advertising campaigns often will not give the desired result in terms of investment. This is where bounty companies come into play.

To run the program, the project needs to set aside a small percentage of the tokens, usually between 0.5 and 3%. There is no need to spend thousands of dollars on expensive and often ineffective marketing campaigns.

Additionally, rewards campaigns have proven to be a great way to build a loyal community around a product or service. Startups can use bounties to interact with potential customers and brand ambassadors in an interactive and interesting way.

Nuances on Twitter and Facebook

1 point

You can participate in just the Twitter campaign, or just the Facebook campaign, or both. No obligation.

For example, if you don’t have much time, I recommend that you only engage in Twitter, because... it is more nimble (retweeting and posting posts is faster and more convenient) and not picky (it doesn’t swear when you make a lot of posts in a row, and Facebook may start issuing a captcha or even block the repost or post function for a day).

2 nuance

You can post the same posts on Twitter and Facebook. I do it and everyone does it. Therefore, it is beneficial to post on both Twitter and FB at once, since you have already prepared the posts, and all that remains is to post them.

3 nuance

On Twitter you must have at least 85% of live accounts using the twitteraudit.com service. Historically, almost all bounty managers trust this service in identifying bots.

If you promote your account according to the method I outlined in the video, then you will have above 95%.

This is what a quality account looks like

This is what bad looks like

Attention! Twitteraudit is a paid service. It costs $5 per month. You can check for free only 1 time. Therefore, do not check your account until you have at least 500 followers.

When registering for a bounty, some require you to indicate the number of followers based on a Twitter audit. And until you recheck your account, you will have old data. Therefore, you will have to either buy an account or somehow get out. Some enthusiasts who have purchased an account offer to do it for free on Bittalk. Look for threads like these: https://bitcointalk.org/index.php?topic=2353462.0, https://bitcointalk.org/index.php?topic=2196720.

4 nuance

Facebook and Twitter can identify your actions as spam, so to unblock all phones and emails associated with your account must be under your control. I know of cases where a person bought an account on Twitter, started participating in a bounty, and then Twitter blocked him with a request to indicate the text of an SMS, but it is not clear which phone is linked.

5 nuance

Some bounties require that the account on Twitter and FB is not freshly registered, but must be at least 6 months old. Therefore, if you do not have such an account, you need to buy one.

You can buy it here, in one of the account stores https://deer.io/catalog/

Buy one-year accounts and fill them in with your data, re-link them to your emails and phones.

Where to submit the report?

In most bounties, the report is submitted in the bounty topic. You need to reply to the thread and post links to tweets/retweets, posts/reposts. Sometimes the description of the bounty indicates the form for submitting the report. This is what a typical Twitter report looks like:

This shows the start and end date of the week. Twitter name, member table number, twitter address, number of followers and links to tweets and retweets (proof of work).

Another option is to create one post and update it, supplement it with new links to tweets/retweets, etc. This type of report is explicitly written about in the description, here is an example:

The third option is form. The link to the reporting form is provided in the bounty topic.

The fourth type - there is no need to submit a report at all, it is considered by the manager automatically or through the office. Personally, I don’t like these, because... there is no control over the progress of execution. It is not clear what they think there.

Types of tasks

There are two types of tasks on Twitter: tweets, retweets (on Facebook, respectively, posts and reposts). Tasks with post comments are less common.

Tweets often require certain hashtags or links to be included in the post.

The average bounty asks for 3-5 retweets and 1-2 tweets per week. However, there are also those who do not require you to write posts about yourself.

Based on posts, you can make simple sentences in Russian and translate via https://translate.google.ru. The post is usually made in 100-150 characters.

If there is a bounty where you need to retweet all outgoing posts, there is a daily/weekly limit. Particularly sophisticated ones set a daily limit (for example, 3 reposts maximum) and a time limit (for example, so that the spread between posts within a day is at least 1 hour).

But there are not so many confused ones. Average statistical conditions: do this 5 days a week, 1 retweet per day.

Twitter and Facebook reports

Reports are the most difficult part of a bounty. Most bounties require participants to submit daily reports with links to retweets and posts.

On Twitter, after you retweet, the link is copied like this:

Lifehack. On Twitter, it is convenient to copy links to tweets through the service https://www.allmytweets.net/ after you have completed all the bounties for the day.

On FB, the link to the post/repost is copied when you click on the time of the repost/post under your name.

Attention! Click on the date/time specifically under your nickname, and not on the time of publication of the post that you shared.

You need to put the links into a text document and submit the report on the required day of the week.