Another way to earn cryptocurrency is by participating in what are known as Bounty Programs.
A bounty is a crypto reward that is offered to anyone who can complete a particular task or set of tasks. Bounties tend to be set by crypto projects that need to attract new users and to grow their community.
Thus, you might be offered a reward or bounty just for completing simple tasks like following the project on Twitter, joining their Telegram channel, and retweeting one of their tweets or blog posts.
When a new project launches, there are loads of tasks the team must tick off, including marketing, promotions, and competitions. Often, these tasks are assigned to the project’s community in the form of a bounty. Anyone who completes the assignment will be eligible for the reward on offer.
This might take the form of a meme competition, in which community members who create the funniest or most original meme will receive a bounty. There are also more advanced bounties issued, however, that reward users who possess particular skills.
A project might issue a bounty for anyone who can create a three-minute explainer video about their technology and share it on YouTube. Or they might allocate a bounty to anyone who can design their new logo or sign up for their new application.
If you have particular digital skills, including coding, web design, copywriting, and graphic design, bounty programs can prove a useful way to earn crypto. Coindesk was reporting on the growth of Bounty Campaigns back in 2018.
When a video game developer launches a new release – say, GTA5 by Rockstar – there is a huge amount of work to be done in bug testing. Gamers who are hired for the task can earn bounties for exploring the world in detail and noting down any errors they encounter.
Well, it’s the same with crypto: new projects need users to test out their services, provide feedback on ways it can be improved, and report any bugs they encounter.
While some of this work requires experience of coding, there are tasks that are suited to end users with no programming experience. Just for downloading a crypto app, testing it out and reporting bugs, you could earn a bounty.
This is an effective way of expanding your crypto knowledge and gaining a deeper understanding of how different crypto components work while being rewarded for your time.
The biggest crypto communities tend to run the most organised Bounty Campaigns. The original bitcoin forum – www.bitcointalk.org – has full-time Bounty Managers running schemes and recruiting users.on behalf of crypto services. Here’s a recent list of active Bounty campaigns.
You’ll need a Bitcointalk account and crypto wallet to participate in a Bounty Campaign. Be careful to vet campaigns as much as possible in advance. Other similar forums such as www.cryptotalk.org run similar schemes
You can also find Bounty Programs by following popular crypto projects and crypto personalities on Twitter, as well as checking out crypto channels on Discord and Telegram. The Beer Money subreddit is also a good source while specific Bounty platforms have emerged promoting schemes for a fee. Just google Crypto Bounty Programs.
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