Bounty
Intermediate
Community Submissions – Author: Anonymous
The term bounty refers to a reward posted by a group or individual to incentivize certain work, behavior, or development. For instance, referral programs may be considered a kind of bounty.
In the context of cryptocurrencies, a bounty program is a marketing strategy used by startups during their initial coin offering (ICO) campaigns. It allows them to allocate a certain percentage of their coin’s supply to promote their project.
Typically, bounty programs target the cryptocurrency community, and they usually include the following activities: