As you begin to get involved in the cryptospace, buying and selling coins, you will eventually come across the term bounty. What is a bounty? Where can you find them? And how do you earn free coins? Once you read this post, you should have a fairly good idea how to answer to these questions.
What is a bounty?
When I started buying and selling crypto coins 6 months ago, it took me a couple of months to stumble across the term ‘bounty’. A bounty is a simple task or job created by a coin developer that you carry out to earn free coins usually before and during an Initial Coin Offering (ICO).
Yes, that’s right you get FREE COINS. Well, free in the sense that the only payment you make is the time invested in completing the task.
What type of tasks do you do?
Tasks to earn coins in the project are often very easy. The main areas are tweeting about the project, posting on Facebook, creating blog posts, designing a logo for the coin, or participating in a forum with the logo signature. These jobs are essential jobs for the coin developer to promote their coin during ICO stage to fund their ambitions.
Effectively, you can earn coins in a project without the need to be buying them with flat currency. When the coin gets released on an exchange (which can be a couple of months down the line so expect to be patient), you can sell them for profit. Or Hodl depending on where you see the coin going.
Where can you find these bounties?
Bounties can be found at cryptocurrencytalk.com and bitcointalk.org. I personally use bitcointalk.org and can vouch for its ease of use .I haven’t used cryptocointalk.com so I can’t comment, but feel free to add a comment below if you have used this one, or if you would like to comment on bounties in general – all feedback is welcomed.