Cardonio Crypto Credit Card: What is an ICO Bounty Program and How to Incorporate it into an ICO Campaign?
The crypto-world is becoming bigger and interesting as we speak. The industry experts are ever restless, launching new alt-coins almost every day. But this is not the only thing that is being done in this industry. Once you start following the news, you will see a lot of new terms and activities, that quite frankly don’t make any sense to some people as well. One of these terms is ICO bounty program. You must be wondering, Wait, what is that?
If you had a chance to get familiar with some unorthodox marketing techniques in the past, then there is a good chance you can guess what ICO bounty is all about. And no, it doesn’t involve anyone becoming a pirate at any given point in time. Let’s see what ICO bounties are, and what role they play in an ICO campaign.
What is an ICO Bounty?
The Initial Coin Offering is an effort made by cryptocurrency startups to raise money for their project. Everything starts with the whitepaper, which translates into a business plan. The whitepaper usually contains:
- A detailed explanation of what the project is about.
- The reason why the project was started, and whether there’s a real need in the world for it.
- A financial plan, where the key point is how much money the startup needs to get things going.
- The precise number of newly created crypto tokens that the project creators will keep for themselves.
- Information on whether the startup will accept only cryptocurrencies or regular cash as well.
- The end date for the ICO campaign.
During the ICO campaign, a cryptocurrency startup’s main goal is to raise as much money as they can. On the other hand, investors are motivated to invest in it by the quality of the whitepaper, especially by the part where the real need for the cryptocurrency is explained, and the hope that the cryptocurrency’s price will spike after the plan launches.
The more people learn about the ICO, the better, simply because the number of potential investors rises. This is where the ICO bounty comes in. Some startups don’t have the money to hire PR and marketing firms to help them raise money. An ICO bounty is an efficient and cheap way to spread the word about the ICO by outsourcing marketing to regular people.
An ICO bounty can be something very simple, such as logo creation, a mention in the comments of a popular YouTube video, a full YouTube video, forum posts, content creation, and so on. Upon completing it, the startup rewards the bounty hunters with the brand new cryptocurrency.
What is an ICO Bounty Program?
The ICO bounty program is a specific marketing effort a startup decides to implement. The more detailed the ICO bounty program is, the greater the chances for the startup to reach success. ICO bounty programs help startups in two distinctive ways.
First, they help them spread the word of their ICO, and, secondly, bounty programs can help startups get the bugs out of their code by using high-end programmers which they cannot afford to have on their payroll.
An ICO bounty program may involve all sorts of activities ranging from signature and social media campaigns, to content creation and translation campaigns as well. Companies like ICO Bounty incorporates and offers multiple types of ICO bounty programs, both pre-ICO and post-ICO ones. All of this isn’t done in an erratic fashion. Over the years startups in the crypto world have learned a lot. Let’s see what types of ICO bounty programs there are.
The Framework and the Types
Before you decide which ICO bounty will work best for your startup, you have to get familiar with the ICO bounty framework as a whole.
The term pre-ICO bounty programs, as the name implies, refers to all the bounty efforts made before the ICO launch. Their primary purpose is to create the buzz and get your marketing ball rolling. The ultimate goal is to significantly increase awareness and get investors interested in your startup and upcoming ICO.
Pre-ICO bounty programs include the following activities:
- Social media campaigns– these bounties are designed to use the followers of the participants’ social media accounts to raise awareness of the ICO. It is important to distribute rewards depending on the engagement levels generated by the “bounty hunters”. The most popular social media platforms used in this instance are Twitter, Facebook, and YouTube.
- Content creation– many of the people interested in cryptocurrencies have blogs with large audiences. These bounties are designed to motivate them to write articles about your ICO on their popular blogs.
- Signature bounties– these are the most popular ones, as they are open to all the people at the Bitcointalk forum. Startups usually restrict these bounties only for people who have a Jr. Member rank or above on this forum.
Post-ICO bounty programs are launched after the money for the ICO launch has been raised, to collect the feedback from the community so that improvements can be made. But, spreading the word to as many people as possible still remains the underlying goal of this effort. The most popular bounties for the post-ICO stage go as follows:
- Translation– documents like the whitepaper, the official cryptocurrency website, and the Bitcointalk ANN thread are translated into several world languages.
- Bug Hunting and Reporting– every cryptocurrency platform and software has bugs, especially when it is young. Bug reporting bounties are designed to motivate people to report the bugs as soon as they discover them.
Costs and Benefits
All the information so far clearly implies that the benefits of ICO bounty programs are huge. They offer unique opportunities for startups on a limited budget to spread the word about their ICO, get more people interested in investing in it, and make improvements to the platform after the ICO goes live.
When it comes to the costs, they are next to none. Some of the blockchain startups do hire bounty campaign managers, which significantly increases the costs of running a bounty campaign.
You can also consider getting listed on websites frequently visited by ICO bounty hunters to engage as many of them as possible. In any case, all the costs associated with these efforts are significantly lower than the costs of hiring a marketing or PR firm.
Famous ICO Bounty Programs
One of the most famous ICO bounty programs was launched by Rentberry. The idea was quite genius – they used Blockchain technologyand smart contracts to enable people to enjoy an easier rental process, and their ICO bounty program is what made it possible for the project to start.
Another one is VRT World, a startup devoted to developing a decentralized global platform for all VR enthusiasts in the world.
People can take part in all sorts of VR activities and get exclusive access to the cutting-edge VR technologies on this platform. Their bounty fund is around 2% of all sold VR tokens. The majority of the bounty fund (30%) is reserved for the signature and avatar campaign bounty.
BitNautic also leveraged ICO bounty programs to incentivize the people to invest in their decentralized shipping and cargo platform. Around 5% of their total coin supply is reserved for bounty campaigns. More than half of their bounty budget is reserved for mainstream media, social media, and signature bounties.
Hopefully, the term ICO bounty is closer to you than before. As you can see the ICO bounties have a lot of marketing potential for startups on a limited budget. You can incorporate them into pre and post-ICO efforts to maximize their effectiveness.
Sally Caverly – the Heart of Hawkfield Gallery by Hawkfield Gallery Review
Sally Caverly is the heart, soul and spirit of the Hawkfield Gallery, to put it simply or matter-off-factly. The gallery would not have existed without Sally Caverly, owner and curator of the gallery. As an art lover brought up by parents who were artists themselves, Sally had grown to appreciate the value of preserving and enhancing valuable products of inspired human imagination.
As a growing kid, she learned to appreciate the beauty of nature, of wildlife and of the breathtaking landscapes of New Hampshire's Lakes Region, thus, developing her keen taste for and understanding of human art as well. Art collecting and her great interest in research came about as natural products of interacting with family members, from her formal education and from her versatile work involvement.
Sally obtained a degree in B.A.in Marketing from Simmons College as well as another diploma from Phillips Academy in Andover. She also has a Master’s Degree in Education. She worked as Market Research Department Head at Houghton Mifflin Company and ran online retail store. She now serves as a Director at the North and South Rivers Watershed Association, aside from pursuing her passion for art through managing Hawkfield Gallery and mentoring children with special needs.
Sally started quite early in the art gallery business during her teens when she was tasked at times to serve as auctioneer for her parents’ collection of American impressionist paintings and sculptures. We can say that she was not only literally born into the art scene but trained so early on to take up the joys and challenges of running a gallery. Later on in her twenties, she bought a pastel drawing of wild ducks William Henry Chandler, her first in a growing collection that has led to what she now has. It seems she has not lost that first love, as many of the paintings and sculptures in her present collection include ducks, geese and other wild birds and animals.
The attachment to her home environment in the East Coast, in general, is quite apparent in Sally Caverly’s art collection. Her experiences and her insights into the life and sensibilities of the people she grew up with and with those she continues to interact with has helped Hawkfield Gallery maintain its charming, rustic quality which attracts many customers who wish to experience the American life even if it is only through art works.
Hawkfield Gallery’s fine arts consultants have helped Sally Caverly maintain quality service and assistance to many satisfied art buyers and collectors. Sally believes in leading others “by experience”; and by her own vast experience, she has proven that it works all the time.
5 Things to Know About the Cost for Knee Surgery by Howard Marans MD
Howard J. Marans, MD, discusses the cost for knee surgery.
Here are five things to know:
1. There are two main type of knee surgery: open knee surgery and arthroscopic knee surgery.
2. Open knee surgery is most commonly used to treat more extensive knee problems, such as total knee replacement for arthritis.
3. Arthroscopic surgery is a minimally invasive form of surgery that can be used to treat less extensive knee problems, like meniscus or ligament tears. It is preferable to use arthroscopic knee surgery whenever possible, due to its lower risk factors, shorter downtime and lesser costs.
4. There are several factors that can influence the cost of knee surgery:
- How high the local cost of living is
- Whether or not open knee surgery is used
- Whether or not a hospital stay is required
- How long it takes to perform the surgery
- How many resources the surgery takes to perform
- What the individual surgeon's rates are
5. Insurance covers orthopedic knee surgery costs because knee surgery is only used in cases where it is medically necessary, but the different insurance policies vary widely in the terms of their coverage.
Meir Ezra: Organizational Spine Seminar
If your spine is not aligned, you will have pain or become paralyzed.
An organization, much like a person, has its own spine. It is a set of ten “vertebrae” that must be defined AND aligned. Each of the ten must agree with all the other nine.
When one or more items on this spine are not aligned, you have problems. The result is inactivity, internal noise, no production, lack of team spirit and failure.
The basic problem in any organization is the misalignment of those items.
The subject of getting those items aligned and gotten into action is called management.
You cannot effectively manage without defining those items and getting them aligned.
Learn how to get those items aligned and you can get production and results occurring.
In this seminar you will learn:
- How to create the spine for your company and your life!
- How to remove all counter intentions and negative energy from your path to success.
- What is policy and why policy is so important.
- How to find your and your company’s goals.
- How to find your and your company’s purposes (yes, it is not the same as the goal).
- How to plan.
- What to plan.
- What you need to know FIRST, BEFORE you can plan.
- And much more…
The spine is a very powerful management TOOL that once you will learn, you will know you won and will have unshakable certainty on how to get others to win with you.
Nexus: Innovative Partnerships
Nexus is committed to find innovative solutions and resources that help to develop people and organisations.
About NEXUS
NEXUS Consulting Group is a leading Executive Search company that places high calibre professionals into middle to top management level positions for some of the world's top organizations and Human Resources practitioners.
Our consultants come from diverse backgrounds with acquired experience from various industries. This boosts confidence to both organizations and candidates as our consultants are experts in their own fields to offer valuable advice and opinions.
Our key strengths lie in our ability to reach and connect to the world and most importantly, attracting top notch talents.
At Nexus, our mission is:
“We strive to make a difference everyday by providing the highest quality of service to our clients, candidates and stakeholders, continuously getting better to keep us the best”.
John Peebles Associates Ltd - Case Studies
Our work is recognised internationally and our firm’s professionalism, international reach, client support and execution are equal to any international firm. Our independent position in New Zealand allows us to be more personalised than larger, global firms and to deliver a result faster.
DELIVERING SUSTAINABLE COMMERCIAL VALUE FOR OUR CLIENT
MD APPOINTMENT TO NEW ZEALAND MANUFACTURING BUSINESS
GLOBAL PRIMARY SECTOR SEARCH
EMERGING TECHNOLOGY SECTOR
BOARD STRATEGY
DIRECTOR SEARCH STRATEGY
Westward Housing Group: Transparency and Efficiency
We are clear about how we spend money.
It is important that we demonstrate value for money in the delivery of services to our customers.
As a business for social purpose, we want to invest our money in the things that matter most - our customers and our communities. We will continue to consult with our customers about the information we publish.
Fraud
Westward's efforts to invest our money in the things that matter most - our customers and our communities - can be jeopardised by fraud. Fraud threatens a reduction in the availability and quality of homes, so we take it very seriously.
There are many different types of fraud including illegal subletting, false housing applications, fraud in contracting or works, fraud in procurement, and fraudulent accounting.
We aim to deal firmly with any instance of fraud. We will take seriously, investigate and deal with any suspected fraudulent activity whether reported by customers, staff, or through whistle-blowing.
Customers with concerns about fraudulent activity should contact their housing officer in the first instance, or call 0300 100 1015 and ask to speak to the Westward company secretary.
Westward includes: Westcountry Housing and Support, Tarka Housing, Horizon Homes and Help to Buy South West. Westward Housing Group Ltd, exempt charity. Templar House, Collett Way, Newton Abbot TQ12 4PH.
Westcountry Housing Association Ltd, exempt charity, (address as Westward).
Tarka Housing Ltd, exempt charity. Tarka House, Clovelly Road Industrial Estate, Bideford EX39 3HN.
ShareWest Limited. Company no: 8800407. Sharewest is a subsidiary of Tarka Housing Ltd. Address and VAT no (same as Westward Group): 918 2212 42. Board members: Felicity King (Finance Director), Barbara Shaw (Chief Executive), The Guinness Partnership Limited (Stephen Lodge is authorised to act as representative as regards Guinness Partnership’s shareholding).
