(n.) A reward offered by an individual or organization, to accomplish a specific task.
The Bounties Network makes it easy to outsource any task, completed by top talent from anywhere in the world. Some examples of tasks organizations and individuals have had success with are: code, content creation, music, art, social impact, research and more. Rewards can be paid in any ERC20 token on the Ethereum blockchain. The most popular rewards on the platform are in ETH or DAI.
This is not an exhaustive list, and Bounties Network works well with any wallet which supports rich web3 smart contract interactions. You can always test new wallets as projects keep developing in an effort to make browsing easier.
It all starts with the creation of a bounty.
To create a bounty and ensure clarity and transparency, the bounty issuer is guided through a series of questions about the task/project they are creating:
Having all key requirements laid out from the start will help manage expectations, and ensure you receive what you're looking for.
Once the bounty is created, it gets added to the pool of open bounties on the network. Task fulfillers can then browse open bounties based on their category of interest and specific skill set. The search bar enables fulfillers to filter bounties based on categories, that’s why applying tags to bounties is important.
Once they find a project they’d like to complete, they can apply to start working on the bounty (if it requires application), or can kick-off working on open bounties, provided they have a wallet installed as described above.
When the work is completed, task fulfillers submit the relevant deliverable files (or links to those deliverables) for review by the issuer. Multiple iterations may be needed to achieve the desired result so communication is key!
Once the task issuer is satisfied and accepts a given submission, the relevant tokens are immediately transferred to the individual who made the submission. Keep in mind that some bounties will be competitions and only one submission will be accepted while others will accept multiple submissions (such as research bounties). The on-chain acceptance triggers the transfer of all relevant intellectual property which was submitted as part of the deliverable.
When the transaction is finalized, both the issuer and the fulfiller can publicly rate and comment on each other and ensure the network is always defined by transparency and fairness.
To fulfill a bounty, you simply click the fulfill button! Pop-ups will guide you through the process.