Crowdholding

Bounty or R&D, where do you lie?

Bounty or R&D, where do you lie?

task

EXPIRED


YUP icon 1280


Bounty or R&D, where do you lie?

Rewards

No YUP/tokens awarded

Hey Everyone, after a relaxing break to rejuvenate ourselves for the new year, the CH team is working back into the groove. A lot of time for us to think and strategize. Discussions from telegram brought up interesting topics. Our first task of the year dives into the systematic strategy involving application features/focus. We have two approaches in mind.

1) This targets Research & Development type questions that supports businesses on both technical, visual and strategical as seen from our project tasks on our app. Users receive tokens based on the ranking from the votes on these task forums. We are currently developing our improved functionality for this system thanks to the amazing feedback from our “How do we incentivize voting, task." (Link

2) Allow signature campaigns, and sharing on social media as a reward. This is known as marketing bounties. Thus building features that are more automatized with the association of sharing. This has less to do with discussion forum type crowdsourcing, but is automated on a individual basis.

Out of these two approaches, here at CH we want to focus more on number 1 because we see this as the future. Number 2 is intriguing to simplify the marketing bounty process but can lead to over shared consumption. However, adding simple features that helps this doesn’t hurt. What’s your thoughts? Discuss and debate. 

Do you agree our focus should be on number 1? One suggestion to incorporate both could be to work on number 1 features first, than follow by adding number 2 features? Or ignore a marketing bounty all together? Your feedback matters! Cheers.





41 COMMENTS 53 VOTES

Most recent Most voted Most verbose

So I am here. What now?

11 months ago

At first my thought was, definitely focus on nr 1, because that is the only way to survive on the long term.

My second thought is, you also need sufficient exposure to mean something in this environment, which could be boosted by nr 2.

So finanlly, I think they are equally important and focus should be on both!

11 months ago

I think that Option 1 is very useful and good for many people here. But it requires some improvement now. Perhaps the Option number 2 is not bad, and you can use it together with # 1. But the main emphasis should be on Option 1.

11 months ago

Hello Alexandr, I'm glad we're on the same page! Can you elaborate on which improvements you have in mind? Looking forward to read your thoughts.

11 months ago

I like a mix of both, but number 1 is the main one that should be employed. By getting people to contribute and chime in we can grow while spreading the word. This also insures that people are serious about the project and want to help it instead of just dumping. Bounties are good for some items, but don't provide the stability the community needs. The most successful projects as of late have been going this path so I feel this is what we should take as well.

11 months ago

Nr. 2 maybe useful too, but Nr.1 is your core competence, so please focus on Nr.1 at the moment.

11 months ago

From my position of a supporter and owner of one of the projects displayed on your platform, I'd say it's the combination of both.

After putting our project live a few days ago, I keep getting ideas every day as of what I'd like to see improved on CH client's side. Incentivise users to really get engaged and upvote on other's ideas is crucial for many of my questions. The feedback we are receiving overall is rich, but I also want to see what people think about comments of others - something only a few do on our questions. (Hence this is #1)

However, focusing on growing user base via marketing bounty could help as well, as I can imagine that these new users would likely go through some of the opened tasks & upvote comments before getting a sense of what this website is about and getting actively involved themselves. (Hence #2)

At the same point, the more quality projects you bring on board, the more your audience will grow. We are already thinking about how to integrate Crowdholding in our app so we could channel our users directly on our profile here and have them provide us with their feedback. Which brings me back to #1 (I want them to provide feedback and show if they agree/disagree with feedback from others) #2 having them share to their network could bring both of us more users.

I probably didn't help very much with sorting this out, hahah! Just consider this a brainstorming session :) Good luck guys!

11 months ago

I think both options are a good idea. But there are some points, you should aware of. Maybe you know about this, but I will write it down here.

About the Sharing-Reward: I think it is important to implement a mechanism, to detect fake-social media profiles. I am concerned, that some come to the idea, to manipulate the reward-system.

I also think, that the reward system for comments will lead to an inflation of positive Feedback (something like the paid Amazon Reviews), to get the reward. So it can lead to a cognitive bias, it could be that once a project will be so overrated, that entrepreneurs can get into pressure, and the results are not as thought. But this phenomena is also at platforms like "Kickstarter"visible, if a project gets overhyped. But generally a reward-system would lead to a higher recognition. (Pavlov's Dog classical conditioning theory). But I see you got a lot of good feedback in an other thread.

But in the End, I think Crowdholding will be a great project. When the time comes, and the platform is finished. a extensive advertisment program will be crucial, so Crowdholding does not disappear from the attention of the cryptoworld.

I also have an idea for Reward-Tasks: For example users can translate textblocks into other languages, this might can expand the reach-ability. The translation has to been approved by other native speakers, so users wont just copy and paste from Google Translator. There is still a big non/bad-english speaking market (Post-communistic Eastern Europe for example). A good example is "Facebook", it began to grow in Poland some years later, after the boom. Before they used "Facebook", other national platform has been used, which had much less possibilities and no insignificant potential.

So, this is my first comment here, I hope Crowdholding will grow (and I am sure it will) and I wish the Dev-Team a lot of success!

11 months ago

Hi, guys. Happy New Year and congradulations on the successful closing of ICO.
As to the question above, I think it would be nice while the #1 be the first, and the #2 as a encouragement. It helps bounty to be known by more people. which is also very important for cryto projects and It may costs less than a professional marketer but get a global influence. ^-^

11 months ago

thats a good idea

11 months ago

For me #1 haha funny to read.

11 months ago

What drew me to Crowdholding was it's focus on #1.
I saw the ICO go from traditional mass market approach to a scaled down "Grass roots" approach that focused more on building a strong community around the platform itself. I believe the community has become strong because of the interactive nature of Research and Development.

As far as #2 goes, you kind of gave a response to your own question really; even going as far as mentioning the pros and cons of marketing bounties.

With that being said, a successful company does need coverage so I would recommend devoting most of your time in energy and number one, while adding on number 2 features as the companies capacities grow and more people are added to the team.

11 months ago

Hi,

I really like #1 and I agree with you - companies working alongside their clients is an amazing thing if it is done well. I will not disclose where I work, but in my company this is something we have been experimenting with (no rewards other than letting them know their suggestion has been implemented/is being worked on) and I can see that people love to help a product they enjoy.

So right out of the bat, I am on board with this. However, it needs to be done meticulously - you can't just chuck a 5 sentence suggestion just like that (unless it is extremely simple. in which case it should have been taken care of long ago).

An idea it would be to have people pledge tokens towards their idea - i.e, somehow 'investing' on their ideas success, implementation, or feedback. Or maybe have other people pledge towards other peoples ideas that they believe in. This will maybe reduce manipulation as you will have to put your own money towards it.

Who will be voting? Can this not be manipulated somehow? There are some challenges ahead but I like this idea - keep working on it.

As for the #2 approach - I am not sold on it, social media campaigns feel spammy and I believe the 'conversion' rate will be hardly worth it. But again, if it brings people on board, why not? Maybe if you selected some influencers, so to speak, it would be better than Joe Doe sharing this on his FB or Twitter. But you are right, it doesn't hurt.

11 months ago

Need both. Businesses need feedback and ideas from retail users. So you need the social connection to bring end users to the game. The disconnection you are focused on is the disconnection between business and consuming public. To bring in the public, you need the social media side. However, the public is not going to be as tech savvy so needs to be simple and OBVIOUS, and one-click action.
I mention OBVIOUS because I found out about crowdholding on an stock trading board but as far as I can tell you don;t have a simple "click here to invest" or "how to buy ico" link anywhere on the site. Maybe crypto jockeys know the ins/outs of ico, but old traders/investors with money to spread most often do not. Just sayiing if one of your revenue stream is going to be raising capital for businesses, you might want to make it easy for the people with money to contribute.

11 months ago

I agree the focus should be on number 1, as that is the future and the emphasis of the company. However, I think you should consider number 2 at least for a period of time while you are attempting to attract a critical mass of users. Once you have reached your goal with respect to initial users and/or projects, you can lighten your resources committed to marketing bounties or eliminate them altogether.

11 months ago

Not sure where else to put this - I just want to say Congratulations! I see the ICO is officially closed as the company met its fundraising goal. Very exciting!!!

11 months ago

Hey Gil, we are just as excited as you!
We want to reach a critical mass with the right kind of users. This goes a bit against attracting hard-core bounty hunters. However, there are enough cultural creative innovators/early adopters out there.

11 months ago

Undoubtedly, option 1 could bring better result and user engagement, but that run the risk of losing the mass exposure on the bitcointalk forum and social media sphere. With some many ICOs and bounties available, many would find out easier to play the more conventional bounty program instead of have to come to the portal to check out and study the new task. Many bounty hunters have to participate more than few bounties to really worth their efforts and time.

Nonetheless, if you more offering from other project at the same space, many people would intrigued to join in.

Thanks.

11 months ago

Number #1 is really the reason I signed in. I think that is the thing what makes Crowdholding special.

11 months ago

For every product, research and development is an integral part. I have been in the business of building products and startups for years now. Focusing much of your efforts on understanding the basis for why your system should exist in the first place, will go a long way beyond getting early customers. It will help you craft a brand story. Focus on Number 1. Number 2 is something that can always be integrated in the future, heck it's social sharing and will always not be a priority but an added advantage.

11 months ago

Yes. Number 1 is key to concentrate on it is a novel idea and USP.

11 months ago

Hello Guys,

I Hope you had a good beginning of the New Year.

Mine 2018 topic is about pioneering and brainstorming concerning products for the future. Following mine friends I can leave people open-eyed by unexpected thoughts and creative solutions. I'm exploring now how I can combine this recently discovered strength, with my business experience. And that's how I become a newby at this community.

My thoughts about this are, it depends on the question :-P.
As soon as you need technical or strategic input I would go for option 1, only. It's more effective to get data from people how did the effort to think about it.
With the visual aspect you can start with option 2, to get more name recognition. And then move on to option 1,
The drawback of option 2 is that people do it everything for money, without paying attention for your product. and This can be useful if, unconscious decision making gives the right answer. I agree and would also make a separate website with off course the option to sign up for the official program.

Where do you lie? it's not really telling lies. But for example in a mass enquete, i accidently clicked on the answer below mine real answer I will leave it that way. I will continue without putting the effort to change it, because I know mine answer is low percentage in the entire research.

11 months ago

From a personal perspective I'm mostly attracted to this platform because of option 1. It is, as others have said as well, what makes crowdholding unique.

From a purely economical perspective; It wouldn't be a bad idea to include option 2. However I would like to see a clear distinction between option 1 platform and option 2 platform. Whilst I see option 1 platform as a more discussion based; time and effort consuming platform. Option 2 is "a quick win-win" for both parties: On the one hand the people looking for easy tasks; the other hand, companies eager to use the cheap marketing opportunities social media has to offer.

So I agree that the focus should be on number 1 and perhaps in the future; with a clear distinction from number 1, add number 2.

On a side note: I'd love to see some improvements on the user interface side of things. (Ability to edit messages; choose the task type (e.g. marketing, research, opinion, programming, design, etc), choose task categories (retail, production, financial, apps, etc), easy browsing (searching and learning about ico's or companies in general), ability to search profiles of other members and private message, etc.

11 months ago

Hey Steven, great inputs! Focus will remain on R&D. A tagging system and search function is definitely on the list and will be implemented in the future. Thanks for pointing this out. Cheers!

11 months ago

I like option # 1 more, but it needs a supplement.

11 months ago

Bounty0x (BNTY) is focussed around these bounties, and it proved successful (40Mcap). Most ICO's put quite alot of money in bounty programs. Some hype is very rewarding. It is fundamental for a start-up to succeed, to have the crowd there. The 2nd approach is the ideal way to get the crowd here and participating easily. Everyone has their own network for marketing. This automatically leads to an active platform here where people also will participate in approach 1.

I am sure that approach 2 can strengthen the main objective.

11 months ago

Hi Sven Vanhengel. Yes indeed the project Bounty0x is now showing good growth, but it does not mean that the projects during the ICO will actively use the services of a project Bounty0x. I saw the alpha version of the project Bounty0x and realized that there are no really cool projects bounty program. Maybe in the future, the project Bounty0x will find wide application.

11 months ago

R&D is the main product, but integrating social media and content bounties is good for everyone too, as long as you make it worthwhile. Or.. insanely easy to use, which is particularly easy to do with twitter and facebook. The r&d requires way more rewards though, because it is time consuming and usually no fun at all

11 months ago

Hello Fatalninuda, good thought! Can you point out the rewards you have in mind? Would be great to get your deeper opinion here.

11 months ago

Hello Fabio.

The reward are the yuccies. Since that is your token, everything should hang on it. (You should focus on providing value to it as a priority)

For tasks that require a simple a/b selection as in feedback or for social media sharing which require only one click small rewards are OK.

But for R&D issues that require a lot of thought and even more time to put into writing effectively bigger rewards are in order as very few, except the die-hard fans, will bother with a detailed analysis for pitiful reward.

11 months ago

Thanks for pointing this out. We are aware of the issue that R&D can be much more demanding (time/effort) and requires therefore higher rewarding. For now we'll just set higher rewards for R&D, distinguishing it from promotional tasks.

11 months ago

I think #1 is what makes Crowdholding special. Sure, visibility is important, and sure, everybody loves a good social campaign, but that's not what makes this place special, or important. Add some social features (like that Twitter button Crumple wants so bad ;) ), but I think the focus should be on creating quality input for startups.

Happy new year, by the way!

11 months ago

Hello Kewagi, what's your opinion on what inputs can be focused on specifically? Quality input for startups is basically what we are defining right now. The tricky part is to build infrastructure within the product to enable a wider range of users being focused on producing those inputs.

11 months ago

Hey Fabio - if I understand you correctly, you're asking what defines quality input? From what I've seen so far, two kinds of questions on CH get good answers - those that ask "How would this work where YOU live" and those that ask for factual input in the form of contact information, local competition analysis and so on. Good examples of this would the the questions asked by Fooz and DadShed - they want to (and have to, in the modern economy) operate on a global scale, but a small team of people from a specific country can only do so much research, and Google rarely tells you the whole story. Outsourcing local research to people that actually live where you want to go into business can bring valuable insight to a business.

A possible way to improve this could be to allow a startup to define which markets (geographically) they are interested in, and then offer the questions asked to people from those regions. Hope that helps!

11 months ago

Nice feedback Kewagi, definitely considering your input! Noted as local crowdsourcing on a global scale:p

11 months ago

First once I would like to say (is not too late right?) Happy new year to all my freinds on this comunity, wish you all the best on 2018 and this project also. I think In every cryptocurrency project, bounty programs is always be a strong magnet and nice stategy to get more public attention. I pick number 1 option 😊

11 months ago

Hey guys and Happy New Year team and community!

Well, basis of #1 already exists. I think it would be good to simultaneously complement #1 and also implement #2, because it's also crowdsourcing part, and which is no less important, even definitely more important than #1, in particular for crypto projects. Perhaps you should involve more developers for this. It's my opinion.
But first of all, I'm waiting for the "Twitter Share" button for comments on the platform, otherwise I will arrange a boycott here! :)))

11 months ago

Ethan Clime

CEO of Crowdholding.com

Cheers. Share button is on the roadmap for this quarter, pushing to also have this done by the start of February. And we are scaling development as we speak. We just brought in two more frontend developers. We had been backend heavy up until now. So improvements front end wise is in the works

11 months ago

This is great news! Thank you for informing, Ethan.

11 months ago

This is great news! Thank you for informing, Ethan. The boycott is canceled :)

11 months ago

This comment is not available, it has been removed for violating the code of conduct

11 months ago