What is Bounty

A bounty is a token-based reward given to an individual for performing a certain activity related to a blockchain or cryptocurrency project. A bounty program could be used as a marketing tool by the owners of a blockchain project or coin creators before an ICO to help promote their tokens and raise awareness about their product and upcoming offering. This is done by involving crypto enthusiasts, influencers, marketers, and even programmers. After an ICO, bounty programs could help improve the product by incentivizing developers to look for and spot bugs or provide feedback and enhance the code.

Bounty

A bounty is a token-based reward given to an individual for performing a certain activity related to a blockchain or cryptocurrency project.

Related terms

Beta (Coefficient) Blockchain Bid Price Block Header Break-even point BNB

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