Airdrops vs Bounty
The first few months of BitF have been incredibly exciting and rewarding for those who discovered us when we started selling at market.
The single most difficult decision we had to make was how to distribute BitF. What we decided to do was avoid any future regulatory problems associated with having an ICO by selling the coins at market. We felt that building a community of users in the initial stages of the project was far more valuable than any capital that could have been raised.
We started trading at 1 sat and we very quickly saw more action than we anticipated for such an early stage.
Yesterday we released a bounty list for promotional activity that anyone with writing skills or social media accounts can participate in. We've received a lot of feedback as well as questions about why we are using a bounty instead of an airdrop or why we don't do both.
To keep the project growing its important to discourage "dumping". Airdrops create a situation where some people claim their coins and dump them- or claim them and never touch them again. In the situation where the person never touches them again - it adds scarcity but no demand. Airdrop dumpers simply suck value out of the market and move on to other thing. At this point it would be too late to distribute this way as we have stakeholders to consider!
Our realistic bounty schedule calls people to action in order to get a reward. Anyone can tweet or write articles for Medium and we'll pay them for it. The bounty system enables people to "dump" as well, but the chance of gaining a loyal following is substantially higher. People usually put more value in something they have to work for than something that is simply given away.
We'd like as many people as possible to get involved in the BitF project. We have opportunities for everyone - whether its running a masternode, being a stakeholder or spreading the word and earning bounty. Transactions on our chain have value to us and we'd like to increase the number of transactions. We'd also like to raise awareness about the BitF project by engaging the cyptocurrency community.
BitF is a carbon neutral cryptocurrency. It has a maximum supply of 25m coins with only 1m currently in circulation.
The following is a list of promotional services that almost everyone can take part of.
BitF Promo Bounties
Have A Large Following And Looking To Promote BitF? Please Contact [email protected]
1 Tweet - 1 BitF
1 FB post - 2 BitF
1 insta post - 2 BitF
1 300 wd article on medium/buzzfeed/huffpost/etc - 250 bitf
1 permalink (20-100 depending on site)
1 Youtube mention 5 BitF
The rules to the promotional bounty are simple. We will pay for 5 tweets per person per day as long as they are from a legitimate account with at least 500 followers. We will pay for one Facebook and one Instagram post per day from legit account with at least 500 users. Youtube users get paid 5 BitF for one mention per day.
Authors can get paid to write about and link to BitF. For every original article submitted to Medium, Buzzfeed, HuffingtonPost or other agreed upon site - we will pay you 250 BitF. The article must be entirely unique on every site submitted to in order to receive the full bounty for each article.
Authors have the ability to place links in their writing. We are looking for links to our site from relevant content. The link bounties are for authors who write on other platforms about cryptocurrency, finance or environment and are willing to link to us from the article. There is a limit of 5 links per day per author.
If you have a large social following contact us for a custom arrangement.
In order to get paid - you must download our wallet software or setup an account with Crex24 or STEX to get a payment address. Email us links to the work that you've done (tweets, articles, etc) as well as your BitF payment address - and we send you the appropriate reward.
Be sure to email [email protected] with your links - we are ready to begin paying qualified users immediately!
BitF reserves the right to pause, alter or discontinue this program at any time. We also reserve the right to disqualify, limit or ban users who are not producing relevant quality content.
Learn More and Get Involved
Email: [email protected]