In the crypto world, “bounties” refer to incentive programs offered by crypto projects or blockchain companies to individuals or communities to perform certain tasks to help a project grow or improve its safety and quality. The bounty program encourages active participation from the community, users, or developers in various fields.
Generally, bounties are paid in the form of crypto tokens or the project’s coins, but they can also be in the form of fiat currency or other forms of rewards. The size of the bounty depends on the difficulty or urgency of the task, as well as the project’s policy and budget.
The bounty program provides many benefits, including expanding community participation and contribution and providing an economic boost for individuals to participate in projects actively.