[00:02] video in a series of videos on how to make money on cryptocurrency from scratch and in this video we will discuss Bounty programs with you on the Prostocrypta channel and Let's start figuring it out
[00:14] Prostocrypta channel and Let's start figuring it out tell you that another way to make money on cryptocurrency from scratch is to subscribe
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[00:44] so don't waste your time but subscribe and we'll get started. So, first of all, as usual, let's figure out what these Bounty programs are. Bounty is an
[00:56] advertising campaign for the audience that is aimed at attracting attention to the project. They are aimed at increasing loyalty and expanding the community. Well, attracting new investors, in simple terms, it looks like this: the project goes
[01:10] to ICO and posts information on its social networks that 10 percent of all tokens will be allocated to the Bounty program and we will pay two tokens. For each repost on social networks, 10 tokens for a subscription and 100 for translating
[01:26] our site into another language, and so on. Bounty programs were previously rare. However, with the development of the market and increased competition for investors' money, such companies are no longer possible. A simple rule: even if little is
[01:41] known about a very promising project, it will not quickly raise the required amount, therefore, good projects allocate approximately one to two percent of the total issue amount for airdrop. And what is a mission? We already know that
[01:55] active participants can earn up to several hundred dollars equivalent in a month, and now almost every project that reaches the public fundraising stage conducts a Bounty campaign, usually lasting from
[02:09] two weeks to several months. Current programs and specialized sections can be found here. The result. Now let's figure out what you need to do to earn these Bounty programs. To begin with, you can choose
[02:23] and see what current projects there are, how many people participate in them, what amounts are allocated for each direction, and general information, for example, the distribution of funds for the bounty program. Here is an example of a
[02:36] post from the Bounty program in which 248 thousand dollars will be paid out.  The project token can immediately determine which areas are key, for example, in this case, 35 percent goes to creating content (contencration)
[02:51] and subscriptions on the forum, this is the sign of 30 percent, the maximum number of tokens is allocated. For example, if we are interested in the Facebook direction and we have a promoted account, then we can look at how much you can get for this. An
[03:05] example of a company on Facebook, everything is great, of course, but there is an important point. The project may turn out to be a scam and all your actions will be wasted. You have wasted your part of the work. Complete it. You may even get tokens, but their cost will be
[03:19] zero, and 0 multiplied by 100,000 or a million will still be 0, and thus you need to choose Bounty programs very carefully. we will now discuss. First, it must be said right away that participation in
[03:35] risky venture. Even if you have not invested any money in this, your efforts and personal time are also worth something. The fact is that the organizers of the ICO pay for work in tokens of their cryptocurrency and not fiat money or
[03:50] stable  Cryptocurrency and no one knows exactly how it will behave. This is a new coin, after entering the stock exchange, there are too many different factors at play here, so you can either make a good profit on the rising rate or be left with nothing if the new
[04:02] cryptocurrency does not take off with a sharp increase in the number of ICOs. The struggle for investors' money has intensified, according to statistics, in the world only one in ten projects is successful, even in the most suitable place for startups,
[04:15] silicon share, the share of successful projects does not exceed 25 percent. Therefore, in order not to waste time when choosing a starting point, you need to pay attention to such points. The first is the reputation of the startup's developers. Positive
[04:29] signals will already be served by the participation in the startup of public figures who value their reputation, both in the sphere of entry and other fields of activity, and large private investors or investment funds. It is good if the project is distinguished by
[04:44] openness, there is communication, a photo of the organizers, profiles on social networks, public speeches, webinars, video conferences. If no one has heard about Bitcoin developers, this should at least be alarming. The second is the
[04:58] amount of funds raised. If the crowd sale managed to raise some money within the first few days, this is  50-100 thousand dollars are not indicators at all, so you should not get involved with such a project. Usually, promising SEOs collect such
[05:12] amounts in the first couple of hours. If people do not invest in the idea proposed by the creators, then the coin will not grow upon entering the market, if this entry takes place at all. Thirdly, this is the principle of reward distribution. Usually,
[05:24] the amount of crypto allocated for the Bounty is fixed. Therefore, the more participants in the program, the less each will earn and tokens can be issued either as a percentage depending on the contribution or a
[05:37] fixed amount. If you are determined to do serious work and have a large number of subscribers on social networks, then it is better to agree to the first option. If you just want to get a few coins without putting in much effort, then a
[05:49] fixed reward is more profitable here. Fourthly, these are reviews in online forums and various discussions. Often, this is where you can find information about all the shortcomings of the company. The lack of normal feedback, ignoring the
[06:03] requests of participants, a bad reputation of the organizers, and so on. In this case, it is better to avoid such a startup. In addition, you need to pay attention to the tasks that are set for the program participant.
[06:16] The organizers require dozens of reposts every day.  and writing hundreds of comments on various networks for a reward of 1000 tokens, then this is a form of slavery. If, for this reward, they ask you to subscribe to the site and
[06:29] make a dozen reposts and half a hundred comments during the entire ICO, then this can be considered a fair price for the work. But it is best to choose projects where decent money is allocated on the Bounty - 1-2 percent and sometimes five percent of the
[06:44] emission amount and pays according to the warehouse of each participant. The payment of tokens to the participants' wallets most often occurs one to two weeks after the end of the crowdale and during this time, managers will be able to assess the level of
[06:57] activity of each activist. Well, the next stage is the withdrawal of the received coins to the exchange. Then everything is in the hands of the Bounty participant. You can dump the crypto Bounty participant. You can dump the crypto immediately, fearing failure, or hold it
[07:10] in anticipation of price increases. No one will give a guarantee and the user must navigate some trends himself. Well, now the most interesting thing is how much you can earn on these Bounty programs. The amounts can be completely
[07:24] different. Here I give an example where I managed to earn about $ 700 a month on content. But what to do if you do n’t have content writing skills, n’t have content writing skills, guys  Think about it, we had a video
[07:39] about the gpt chat, so go ahead, you are all content makers, and you can also do reposts on social networks, for example, someone who works simultaneously in 12-15 user projects earns $600-750, but this is already an experienced
[07:55] user who has quite good experience. It all depends, in principle, on the time and dedication that you are willing to provide for this activity. The presence of experience and knowledge that you have also plays a role. Content creation and
[08:07] translation are paid at the maximum rate, and thus the amounts may vary. The bottom line is that in this topic you can earn a good can earn a good average salary of the same
[08:20] $700, but for this, you need your dedication. That is, simply by reposting one post, you cannot count on some kind of manna from heaven. Here you need to really get involved, repost, write content, record
[08:35] video posts, articles, translations, and so on, and do all this in many projects. Accordingly, it is your responsibility to find these projects and regularly complete some tasks. But if you are ready to do this, then the projects are ready to
[08:51] pay you for it, and do not forget to analyze the project so as not to fall for any red flags and socks. Well  And on that note, our video is coming to an end. I hope you liked it and found it useful. If you liked it,
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[09:36] write in the comments. What would you like the next video about? The channel with you was just Crypto and remember that Crypto is just