Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Bounty: benefits for members or developers?
Bounty – what is it?
Blockchain projects that launch ICOs often conduct their own bounty. Such an event is organized for the purpose of PR and increasing the loyalty of the company’s clients.
Today, there is no such excitement among blockchain startups as in 2017, so developers use original methods of attracting investments. Part of the coin issue is used for bonuses, and the rest is frozen, issued to employees or reserved for advertising.
Bonuses are not issued as a gift, but as a reward for actions taken that popularize the startup.
You can get a bonus for:
- Subscribe to the project pages in social networks;
- Subscribe to the project channel in Telegram;
- Becoming a subscriber on cryptocurrency forums;
- Subscription to the e-mail newsletter;
- Becoming a tester;
- Translation of documents into different languages;
- Design work (development of logos, visuals, design of booklets, etc.). Sometimes, when there is a lot of competition, a competition for the best prototype is announced, in which the winner receives TK and tokens as payment;
- Help in developing the necessary software.
Users who have many subscribers can earn more money from reposts and retweets. They also offer more money for spreading information about the ICO, but it must be true and interesting.
How to choose a bounty campaign?
We pay attention to:
- fame and reputation of the development company, because newcomers will not be able to promote even a good idea. You need to look at the portfolio, company activity and feedback from opinion leaders;
- openness – if a company hides the profiles of team members, this does not speak in favour of its reputation;
- the presence of feedback – this shows the attitude to the case and the professionalism of the team.
Choose those bounty projects that require minimal effort with adequate pay, because the investment of temporary resources may not pay off. Serious ICOs leave 2% of the issue for the bounty, which is better than a fixed amount.
There is no need to try to cheat and repost through fake accounts, because a specialist from the team will easily track this and send it to a ban, after which it will be problematic to take part in other companies.
