What is a Crypto Bounty?
This is an Article on Crypto Bounties.
🧵👇
The Crypto Wild West is full of Bounties. But what is a Crypto Bounty exactly?
Even if you know what it is, bookmark it and share it with someone who doesn’t!
Crypto Bounties are generally used as a marketing ploy before a protocol launches its ICO (Initial Coin Offering). The community will be asked to complete specific tasks such as promoting the protocol on social media or creating content like images, memes etc.
When the Bounty has been completed, the community that participated and completed the required tasks will usually be paid in the protocol’s native token. This is usually after the ICO has concluded.
Now, I must mention that blockchains and protocols deploy Crypto Bounties to reward Developers who can find bad code within their smart contracts. Bugs that are found can be very rewarding, in the $10s of thousands!
A Bounty can be a great way of making another source of income from Crypto other than investing or trading it! I will leave some links for those who want to become #Crypto Bounty Hunters, sounds cool to me…
Here’s a list of Bounty Pages. Happy Hunting.
Gitcoin – @Gitcoin
Bounties Network – @ethBounties
Honourable Mention of @LayerZero_Labs’ $15M Bounty – https://layerzero.gitbook.io/docs/bug-bounty/bug-bounty-program
That’s it! Thanks for reading! Have a look at our Guides section for more!
If you’re interested in learning more about Web3 and getting free crypto alpha, be sure to follow me on Twitter – @AltCryptoGems.