Bounty for ICO. How to make money without a dime to spend
Every project, unveiling its own ICO, makes a Bounty. It’s an incentive program for helping promote and advertise their ICO. The services carried out are paid for by the project coin, which one can either sell immediately, or keep hoping for rise in the rate in the future. And, most importantly, most of the Bounty-campaigns do not require any much work, you don’t have to run around looking to find investors for a kickback, Everything is much easier.
Let’s review which Bounty-campaigns most of projects have and how much someone can actually earn on this.
Types of Bounty-campaigns
1. Signatures on BitcoinTalk Forum.
BitcoinTalk Forum is the biggest and major place for promoting any ICO, because this is the place where crypto-investors from all around the world interact effectively. local sections available in the forum practically in all possible languages, and the monthly audience of the Forum, according to Similarweb, is approximately 30 million visitors. That’s the reason all projects are trying to allocate more of their budget on advertising particularly inside this forum. And one of the most popular and effective ways to do this is through subscription campaign.
What is a Signature
Every Forum user can set in his profile with text message which will be automatically added to each and every of his posts on the Forum. ICO campaigns buy this place from the user and uses it as an advertisement. Thus, the user simply communicates on the forum, writes various comments and advertises some ICO at the same time.
How it works
Although There are some stepbacks on the Forum concerning the signature placement, depending on your rank. For example, if you have just registered on the Forum, you will be limited to use the bb tags in your signature, and the length of the signature will be limited to only 50 characters. Upgrade in rank depends on the “activity” indicator, and the activity is based on the total number of posts made and the date of your registration. Activity can only increase by 14 points every 2 weeks. Most ICOs accept members with the rank of “Jr. Member” and higher. In order to obtain this rank, you have to make approximately 30 messages within 6 weeks and above.
The total budget of a certain Bounty-campaign is divided by the number of active participants. But there are some other factors here as well. The payment is not distributed equally though, but distributed according to your rank. It is usually credited once a week in the form of “shares” or “stakes”, and, the higher your rank the more shares you tend to earn. Upon completion of the ICO, the total budget will be distributed by the following formula:
How much you can earn
The income earn in various Bounty programs is completely different, but seen on the average, a participant with the rank of “Member” (Activity: 60, Boosting time: 2.5 months) earn about $500 per month from participation in the subscription campaign. Most ICOs require from the participants 10 posts a week. Suppose, you want to write meaningful post and it takes you 10 minutes to make each post, then 10 messages will take you 100 minutes a week or 7 hours a month. The most surprising thing here is that you can use as many accounts as you like, it’s not forbidden by the Forum rules. You can register dozens of accounts, write 10 post a week from each and get your $70 per hour.
2. Social Networks
To participate in this type of Bounty, you will need any of the following social accounts like Twitter and Facebook . The accounts should look and act real with a lot of live subscribers and followers and your real activity. Of course, this is in ideal, but most participants create fake accounts with driven up friends and subscribers. It is for this reason that we didn’t include social networks in our Bounty-campaign. But still, Bounty in social networks remains one of the most popular campaigns after the signatures.
How it works
All you will be required to do is to subscribe to official ICO pages in social networks, to like every post and to repost or retweet it all their post. What could be much easier? You can participate with just one of your accounts randomly in a large number of ICOs, so you will not even have to create multiple accounts.
How much you can earn
Since participation in such campaigns is much easier and requires almost no much effort from the subscribers, their number is much more higher than in the subscription campaigns. A participant can count on an income of about $20 per month. But you may participate in 50 campaigns randomly, in which case your income will amount to $1,000 per month cool right?.
3. Translation into a local language
This is where the easy jobs have ended, now you’ll have to work hard. The third popular type of Bounty is translation from English into local languages.
What usually gets translated:
Announcement on the Forum
Translators in the ICO Bounty-campaigns are the least used compared to other campaigns (signatures, social networks), so the total budget is divided into fewer people and the income of a translator for a full set of translations can make up to $500 and more.
Where to find a Bounty?
As was mentioned above, all projects must publish their ICO announcements on the BitcoinTalk Forum. They also publish their Bounty programs there in a special section — Bounties (Altcoins).