If you are reading this, then you are the founder of the new crypto project with an exciting idea behind it. You have just launched a website, created the project's cryptocurrency, and initiated a bounty campaign to raise awareness. However, the progress is not turning out exactly the way you expected. Your crypto bounty doesn't attract as many participants as you want. Moreover, your tokens sale is not going well because of a lack awareness. So, you don't have enough funds to pay cryptocurrency exchanges for IEO and token listing. Fortunately, here is the way to solve your problems all at once!
Why my crypto start-up doesn't fly?
Nine of ten starting-up crypto projects have common big problems. The first problem is low awareness. It leads to the second problem - unsatisfactory token sale progress. So a project doesn't have enough money to pay high listing fees to exchanges. And finally, a project's bounty campaign aiming to boost awareness doesn't attract thousands of people. Instead of bringing investors' attention, a bounty campaign with a small number of participants inevitably leads to the token price dump after distribution. Yes! It is like the vicious circle you find yourself in, making it challenging to grow your blockchain business. But don't despair. Just read to the end to find out the solution.
Why my crypto project has low awareness?
There are about 60-100 new blockchain projects are coming into the crypto market every month. So, it's tough to persuade people to pay attention to your project and token. Adding a project into ICO & IEO trackers is not enough to increase awareness. All trackers like Icobecnk, Icomarks, or Icoholder track and compare crypto startups by easily fabricated metrics. For example, any scam project can cheat trackers by using bots. Such practice escalates the number of followers in Telegram, Twitter, and Facebook. That's why many projects have the same ranks and similar stats on trackers. Therefore, crypto investors and bounty hunters refuse to use ICO trackers for decision making.
Why my token sale is low?
You know that a location significantly affects brick and mortar business sales because the right place organically drives foot traffic. In the same way, on-line traffic plays a vital role in cryptocurrency sales. So, the math is simple, the more crypto passion people you bring into your website, the higher your chances of successfully selling the project's tokens. Therefore, if your idea is excellent, the website and content have high quality, but the token sale is terrible, then your project has low awareness.
Why is a token listing fee on cryptocurrency exchanges so high?
Cryptocurrency exchanges set high IEO and listing fees for two reasons. First, it's a barrier in front of projects with a low budget. Second, the demand for the listing is high. Most of the crypto exchanges want to deal only with projects with a lot of money or tremendous community. We are not talking about a fake community of bots in your project's telegram. Exchanges want to be sure that your project brings many new users. Therefore, if your budget is low, you should grow your community to get power during listing price negotiations with exchanges.
Why my crypto bounty has a low number of participants?
Two-three new projects are coming every day into the crypto market and publish bounty campaigns on the Bitcointalk board. Also, small short-term bounty campaigns are coming every week. Even some long-existing Crypto projects (around 6000 projects at that moment) run bounties every 1-2 years on average. So, it's not a surprise that many people missed your promotion campaign in that messy flow. Besides, almost all bounties have the same titles as "get 100500 billions tokens worth of $10M". If you have a title like that, then note that it's not appealing for hunters. Such labels are not working anymore. Nobody believes in a $10M reward pool because everybody knows that the project's token price is not the same as the actual market price after listing on exchanges.
Why my token price dumps after bounty distribution?
Just imagine what a bounty participant makes after getting his reward (your tokens) for bounty work. That's right. Usually, he sells them immediately, causing your token price dump. We cannot blame bounty hunters for that because they worked many months to get their reward finally. The drop-down of your token price becomes much more profound when the number of bounty participants is small. It's because too many tokens go to the weak hands of a too-small number of people. Continue the reading, and you will know how to increase the number of participants and avoid post-distribution token's price drop down simultaneously.
How BountyMarketCap helps my Crypto Project to grow?
To help your crypto start-up solve main problems and fly, BountyMarketCap provides a solution consisting of four elements.
- Your crypto project gets instant awareness after being listed on BountyMarketCap for free.
- You get an additional page to sell your project's tokens at no cost.
- Your Crypto bounty gets the second wind with the escalating growth of participants
- Your token price will not dump to the bottom after bounty distribution
How my crypto project can get instant awareness?
A Free listing on the BountyMarketCap (BMC) website immediately brings attention to your crypto project from retail investors and bounty hunters. In addition to BMC visitors (check Alexa Traffic Rank), your project will get the audience from the social channels. Moreover, thousands of crypto passion people will see a brief description of your business idea and cryptocurrency through newsletter broadcasting.
How can I improve my project token sale?
Being listed on BountyMarketCap for free, your project automatically gets a separate selling page. That page consist of the following:
- Information about your project idea and token;
- Link to your project's website;
- Select button allowing users (who are not very familiar with crypto) to buy your coins with bank cards;
- Bounty Market Cap of your project based on bounty stakes prices and link to your bounty campaign.
How can I quickly attract many participants into the bounty campaign?
After the free listing on BMC, many new participants will join your campaign. The possibility of selling bounty stakes to get ETH and USDC immediately attracts bounty hunters. So, instead of ordinary call-to-action "join my bounty to get millions of no-name coins," you could set a much more appealing title like "get ETH - join my bounty." This small improvement will stand out your project from hundreds of others immediately.
How can I avoid token price dump after bounty distribution?
To decrease your project's token price dump after bounty distribution, allow your bounty participants to sell their bounty stakes before the token distribution event. That's a straightforward solution. Moreover, you don't have to buy your bounty stakes. Instead of you, small traders will do it.
What are bounty stakes?
Bounty stakes are numbers (points) in your bounty spreadsheet. Bounty participants promote your project to earn these stakes every week. When a bounty is over, a hunter receives your project's tokens based on the number of bounty stakes he had earned. It is important to note that the higher the number of people participating in your bounty, the smaller amount of tokens each participant will get in distribution. That's how the stakes system works in crypto bounties.
Who is buying bounty stakes?
Anyone can purchase bounty stakes. But usually, buyers are retail investors with low capital who wishes to take the risk. Why they take the risk? Because nobody knows how many tokens one bounty stake brings to its holder at the end. By the way, that's a reason why conservative token-sale buyers prefer to buy your tokens instead of bounty stakes.
How Bounty Stakes Trading decreases token price dump?
Thanks to the Bounty Stakes Trading solution, bounty hunters get an option to sell their bounty stakes. As a result, the rights of getting tokens go to bounty stakes buyers who pay their money to hunters. Now answer yourself the following question: "Who will be more willing to sell a project's cryptocurrency after bounty distribution: a hunter who got it for free or a person who paid money to obtain your tokens?" The answer is obvious. Most of the bounty participants will be more willing to sell tokens as soon as possible and at any price level. So, allow impatient hunters to cash out their bounty stakes long before distribution. You attract many more hunters after adding bounty stakes trading option into your bounty campaign. That is increasing your bounty participant's total number and consequently decreasing the number of tokens in the hands of each hunter. So, list your crypto project on BountyMarketCap to allow bounty stakes' buyers to pay promotion of your company.
Summarizing, you should know the following. A free project listing on BountyMarketCap allows you to solve many problems all at once. It increases your website traffic and attention from investors. Also, it gives an additional selling page with a bank card purchase option to improve your token sales. Moreover, your crypto bounty gets by 3-10 times more participants who will be able to trade their bounty stakes. As a result, you decrease the token price dump after bounty distribution.
If you want to learn more or have a question, contact BountyMarketCap at https://t.me/BountyMarketCap.