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Bounty hunters widely used in Bitcoin, Altcoin World

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A bonus is a reward paid for the fulfillment of a certain task. In the "Old West," sheriffs had the habit of posting bonuses to encourage bounty hunters to capture dangerous criminals. This concept is alive and well in today 's world and the cryptocurrency space has made it a basic concept of its very special culture. In the world of crypto, bonus rewards are almost exclusively paid in Bitcoin and ICO chips.

Bitcoin Faucets

Bitcoin faucets are websites or apps that distribute rewards in the form of Bitcoin. Visitors can claim this reward in exchange for a captcha or a task as described by the platform. The main revenue stream for these taps comes from advertisements.

In 2009, Bitcoin faucets paid up to three Bitcoin per hour. With Bitcoin prices today, this would bring in about $ 19,000. It is important to note that at the time, the Bitcoin price was only a fraction of a hundred. Nowadays, faucets are paying rewards in "Satoshis", which is a hundredth of a millionth Bitcoin.

Bounty Campaigns

In the ICO space, a bonus program is an offer made by many startups. individuals to receive compensation for performing marketing tasks, reporting bugs, or improving a product or service. Blockchain startups that plan to hold a crowdsale often allocate a certain percentage of their total tokens to such a campaign.

Bonuses can be found primarily on forums like Bitcointalk and bonus networks. There are rarely barriers to entry and the only thing a bounty hunter needs to do to participate is to submit a link to his job. This submission will then be verified by the campaign administrator who will decide whether or not the submission deserves a reward.

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Many ICO startups choose to organize a bonus campaign because it allows them to get tens of thousands of dollars worth of marketing impact or suggestions improvement for a small symbolic allowance. Plus, bonus programs have proven to be a great tool for building a community around a project or service

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How to Become a Bounty Hunter

Generally, bonus campaigns consist of a variety of premium types. These premiums range from simple retweets to Facebook tastes to article writing, bugs and platform feature ideas. Anyone can accomplish these tasks and receive a portion of the premiums if the bid meets the minimum quality requirements. Generally, bonus campaigns contain detailed instructions explaining to the bounty hunter how to submit completed bonuses and receive rewards for that.

It is very important that a bounty hunter carefully selects the bounty campaigns that he spends his time and effort on. . Many chips distributed in bonus programs may have no value. Some red flags that a bounty hunter should look for:

  • No white paper
  • Start-up uses Google / Instagram advertising to promote ICO
  • Less than $ 50k allocated to bonus program
  • Check the team. Do you think they will pay your reward?
  • Token mechanics. Do they really need a token?

Rush to endless gold?

The reception times of three Bitcoins at one o'clock in the taps have long since passed. However, there are still plenty of opportunities for bounty hunters to earn impressive rewards.

As Pascal Thellmann, co-founder of Bounty0x, put it in a tweet:

"Bonuses become a major use case for cryptocurrency." Payments are instantaneous , with no confidence and anonymous if necessary. "

With new ICOs appearing every day and a general tendency to" tokenization ", the popularity of the premiums will most likely follow the trend of the I & # 39; adoption of cryptocurrencies.

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