These days many developers use social media bounty campaigns for their ICO marketing. They are beneficial for the projects as well as the community.
In the world of cryptocurrency, Blockchain projects are commonly using bounty programs as part of their marketing strategy. These projects launch Initial Coin Offerings for raising their funds.
These bounty programs are used to reward those users who recommend improvements to be made in the network and also in lieu of reporting bugs. They are commonly used as marketing campaigns for ICOs to encourage the community of a project to promote them on social networking platforms. In return, the community gets payment in form of new digital tokens of the project.
Thus, there is a win-win situation for the cryptocurrency users and the startup businesses. The new projects get the much-needed publicity through the right kind of social media channels and cryptocurrency users get rewards in digital tokens for promotion.
Blockchain projects can be highly benefited through these social media bounty campaigns. The projects can facilitate the members of its community to act as their “cheerleaders” in exchange of the ICO’s newly issued tokens.
When an Initial Coin Offering gets more exposure in the media, there is a greater likelihood of meeting its funding target. Thus, when it can recruit more users to publicize the project’s benefits on social media, the reach of the projects becomes wider.
It is precisely for this reason that professionally managed token sales frequently have a very powerful focus on these social media bounty campaigns. They have emerged as an integral component of a highly successful and popular ICO marketing strategy, Cryptonews wrote.
Marketing Post-ICO Is Important
It is crucial to keep communicating about a project to keep the engagement level of users and investors high. When a project is made to look interesting, it can allure a new set of investors and thus increase the value of the token.
It is crucial to do post ICO marketing to keep the project in news. Projects should also maintain the price of the token post the ICO period, according to CryptoCoin News.
The post Social Media Bounty Campaigns For ICO Marketing Gets Popular appeared first on OWLT Market.
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