The Ultimate Guide to ICO Bounty Campaigns & Programs

by Oodles Marketing Digital Marketing Expert

Successful ICO depends on ICO bounty campaigns & programme and so many marketing activities whether it is online or offline but there is one main thing which is used in ICO marketing, which is ICO bounty campaigns & programme. Every successful ICO depends upon an effective Bounty programme. The bounty program is the best way to successful ICO.

ICO Bounty Campaigns Programs

What is ICO bounty campaigns and programs?

ICO Bounty Campaign & programmes are used for marketing purpose. We can say bounty programme are referral programme which is done by bounty participants. Bounty participants do the serval task and strategy to promote your ICO and you distribute some reward among the Bounty participant.

There is two type of parties involved in Bounty programme in ICO.

Bounty Hunter
Bounty Host/ Manager

Bounty Hunter: Bounty hunter is the person who does the marketing of your ICO. It can be segregated by the platforms like Facebook, Twitter, YouTube etc.

Bounty Host/ Manager: Bounty host/ Manager is a person who organizes the bounty programme and schemes for their ICO and manages all the activity done by Bounty hunters.

Bounty managers identify the fake and genuine bounty submissions and track all the activity done by bounty participants.

Type of Bounty:

There are generally two type of bounties associated with Initial Coin Offering (ICO)

Pre-ICO Bounty
Post ICO Bounty

Pre-ICO Bounty: Pre-ICO bounty Campaign consists of its name which is done prior the actual ICO. Pre-ICO bounty programme generally done for the buzz word of the cryptocurrency ICO. It includes awareness work of the cryptocurrency ICO. participant do so many activities in the Pre- ICO Bounty.

Type of Pre-ICO Bounty:

Social Media Bounty:

Social media bounty campaign consists of awareness for cryptocurrency ICO. A participant generally spread the ICO on the social media platforms. It includes the so many activities, a page like sharing, commenting, retweets, views, etc. Mostly in Pre-ICO bounty, there are main three social media platforms which are Facebook, Twitter, Youtube.

Blog/Article Bounty:

In this type of bounty, it targets those blogs and article which have a lot of followers and those blogger/ article gets rewards against writing the blog or article related to your ICO and posting on their platform.

Signature Bounty:

Signature bounty consists of forum websites related to ICO like Bitcointalk.org, There is a signature of most of the ICO’s with the embedded code in it and participant share this signature code on their profile.

Post ICO Bounty:

On this stage, Pre-ICO has been finished and funds are generated. Post ICO generally has done for the improvement in the project, there is some Post ICO bounty.

Type of Post ICO Bounty:

Bug report bounty: Bug report bounty helps in to provide the report about the cryptocurrency platform to the developer. If there is any problem associated with cryptocurrency platform, reporting about that bug or problem included in the bug bounty.

Translation bounty: In this Post ICO bounty. It includes the translation of documents on the cryptocurrency platform. Native speakers translate the various documents related to cryptocurrency like white paper in so many languages like German, Russian, Japanese etc.

Generally, bounty managers distribute the tokens as per the stakes among the bounty hunters or participants for their various activities done by them. Stakes are depended on the activity done by bounty hunters, there is a formula to get the stakes.

Also Read: Why Most ICO’s Will Fail: Know The Reasons For Unsuccessful ICO

A formula of Stake:

Tokens for 1 stake = Total tokens for a single bounty / total participation stakes for this single campaign.