Difference between revisions of "Bounty program"
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'''Bounty Programs''' - special events with payment bonuses for the fulfillment of the tasks. The bounty
'''Bounty Programs''' - special events with payment bonuses for the fulfillment of the tasks. The bountywas previously to the reward for catching a criminal or an escaped slavethe term bounty hunter often as a headhunter.
Revision as of 13:18, 11 October 2019
Bounty Programs - special events with payment bonuses for the fulfillment of the tasks. The term "bounty" was previously consumed in relation to the reward for catching a criminal or an escaped slave. This is where the term bounty hunter comes from, often referred to as a headhunter.
If to put aside romantic image of bounty hunters in literature and computer games, the work for the predetermined reward is the basis for the modern freelance existence. This is a logical development of the principle of piecework compensation, which is widely used in enterprises around the world, only with the use of distant work technologies. The term "bounty" in relation to the award for certain work, rather than just a bonus, began to spread among startups in the eighties of the twentieth century. Originally it was a bug bounty, a bug finding reward. It is believed that the first was Hunter & Ready's bug-finding program in the Versatile Real-Time Executive operating system in 1983, which promised the winner a Beetle as a reward. Then the program of search of errors by employees of company Netscape in 1995, which has received the name "Bugs Bounty" and after it the term became popular. Now, of all the bounty programs most often is "bug bounty", searching the errors for a reward.
Goals and results of bounty programs
Bounty programs have two main goals:
- solving the problems that were chosen for its task;
- Engaging specialists of a certain specialization and qualification take part in the project. When a person performs a sufficient amount of work within the framework of a bounty-program, there is no sense in checking his motivation and qualification, because his work speaks a lot about him. As a result, there is a specialist with the necessary competences for the project.
Also, the popularity of the project is growing and, what is very important, the participants of the bounty programs become a very loyal part of the community.
So far, the most popular bounty programs among the projects are searching for errors in code or documentation for rewards. Some projects hold such programs temporarily, while others - constantly. The winners of such programs, except for the reward for the tasks performed, usually get either an offer from the project to become a part of the team or some additional bonuses and prizes. For example, Ethereum has accepted the winner of a bug bounty into the team - to manage bounty programs. This competitive approach serves as an excellent motivation for the participants and helps to develop the project team.
Bounty and airdrop
There is a fundamental difference in the results, which bring bounty programs and airdrop, although both events often attract the attention of the same audience (at first glance). But as a result of the bounty program, there are those in the community who have brought real benefit to the project, and airdrop brings a quantitative increase in the community, not to mention the motivation and aspirations of the involved participants.
Ways of organizing
The best bounty programs are transparent both in terms of conditions and coverage of the process and the announcement of the results of the event. An excellent example of this is the Telegram Telegram for writing instance interview templates. To achieve efficiency and transparency, projects use different ways of organizing a bounty-campaign: someone posting information about the program on Google Sheets, someone writing their own or using someone else's applications. An interesting approach is used by the DASH project - a part of the development fund, formed of 10% of the project commissions, is distributed on the basis of the applications of applicants, for which a sufficient number of masternodes voted. For example, it is possible to write an application to hold a mitapa in your city, to voice the estimate and put to the vote. If there are enough votes, the application automatically receives funding from the development fund. Thus, a self-initiating and automated bounty program is obtained.
Bounty programs of the Minter project
Prior to the launch of the main network Minter, he conducted bug bounty with awards from 1500 to 40000 BIP. As a result, 146,000 BIP awards were paid out. Message about payment of awards for Bug Bounty:
On July 5, 2019, the Minterscan project's program of filling in the Minter.wiki articles for a fee later called Minter's Kitchen, was launched. The prize fund is set at 20,000 BIP. As a result the first 10 articles have been checked up and laid out less, than for a week.