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By Bethzy Published April 23, 2022

Bounty

Bounty is a reward given by some crypto money projects to their investors under certain conditions. Although they are similar to airdrops in some respects, not exactly the same.

What are the Differences Between Bounty and Airdrop?

Airdrops require simpler actions from their investors or followers, while Bounties require more comprehensive things.

While Airdrops generally want you to follow the related crypto projects’ social media accounts, to give some impressions, or to make a transaction, Bounty wants you to prepare various translations for them, promote them in various video content or written content.

Learn more about crypto airdrops.

How Are Bounties Rewarded?

While the amount of this reward system, which varies according to the size of the project and the project owners, is mostly given in the form of the native token of the project.

The amount of reward earned depends entirely on the amount of mission to be performed. As people do various desired tasks, they collect stakes. The rewards in the pool are distributed by looking at the higher the total stakes earned and the proportion of stakes earned in total. The more stakes you collect from other users, the more profit you will receive from the reward.

How to Participate in Bounties?

It is necessary to follow these social media accounts and forums, as the projects that will give bounty make announcements from their social media accounts, Telegram groups, and crypto money forums. After you determine the Bounties you want to participate in, you need to complete the tasks on the Bounty page on time and as requested. You have the right to participate in as many different Bounties as you want. All you have to do is follow these Bounty announcements and fulfill the tasks of those you want to join.

What are the Bounty Types?

  1. Blog Writing: Project owners may ask you to prepare articles in which you introduce them as a task and share them on various blog sites. In this way, presentations will be made.
  2. Creating Video Content: Project owners want you to prepare videos in which you promote them and have these videos watched by people through various platforms.
  3. Signature Campaigns: Project owners can participate in various signature campaigns and ask you to use their signatures.
  4. Preparing a Translation: They may ask you to translate the texts about the project into your language.
  5. Social Media Accounts. Project owners may ask you to follow their various social media accounts and enter existing social media groups.