A reward and incentive system employed by exchanges to mine cryptocurrencies and participate in platform activities.
A bounty is a simple mechanism for rewarding users for carrying out specific tasks. The mechanism doubles as an incentive system to get more users on a cryptocurrency exchange platform, especially during initial coin offering (ICO) campaigns. The program is one of the most popular marketing tools that crypto developers use to invite and maintain the loyalty of users.
There are different types of bounty programs in the world of crypto. Some of these revolve around writing and publishing articles about a particular ICO or crypto brand, as well as the identification of bugs that exist on a network (vulnerability testing).