What is Bounty?

A bounty is a reward or series of rewards advertised by a blockchain project to incentivize community participation to promote the project. Bounties are marketing strategies that give community participants coins/tokens in exchange for fulfilling specific predetermined tasks. Most commonly carried out during a startup's inception, bounties can also occur at a later time in a project's development. Crypto bounties are used to reward social media promotion campaigns, content creation campaigns, translation campaigns, as well as bug auditing, among other tasks.