Cryptocurrency: What is a crypto bounty hunter?
If you’ve ever watched a country and western show, you would probably be familiar with bounty hunters. In the Wild Wild West, bounty hunters earned a reward (usually money or gold), also known as a bounty, for capturing the bad guys.
These days, it’s much easier to be a bounty hunter, at least in the crypto world anyway. All you have to do is complete a task to earn your bounty. And since we’re living in the digital space, your bounty will be paid in the form of cryptocurrency.
What are the tasks involved?
As a crypto bounty hunter, you can claim your bounty for performing tasks that range from very easy to extremely difficult. These tasks could be anything from solving a problem to finding a flaw in the code, to just improving service or product. These tasks will usually come from blockchain startups and can be seen on forums. Once you’ve completed your task, submit a link to your work and the administrator of the campaign will decide if you’re deserving of your bounty.
Any tips and tricks for first-time crypto bounty hunters?
Before you join a bounty campaign, do keep an eye out for a few red flags or you could potentially be contributing to scams or getting useless coins. A few things to note:
- The campaign doesn’t have a whitepaper.
- The ICO (initial Coin Offering) is advertised on Google/ Instagram ads.
- Less than $75k has been allocated to the bounty campaign.
- Check the legitimacy of the team to ensure they can pay you.
Keep a regular look at the Bitcoin community and forums, and you will probably be able to find a bounty posting or two. Remember to read the comments and replies to these postings before you join. And always ask lots of questions and follow the tips from the community to ensure your bounty experience is incredible and rewarding!
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