An Ultimate List of Crypto Bounty Programs: Complete Tasks & Earn Crypto Bounties

When talking about cryptocurrency, a bounty refers to a reward companies offer to crypto enthusiasts that complete preassigned tasks related to a projects’ development, security, marketing, or community engagement. Individuals get tokens as a reward for their effort, time and contributions to the network/project/community. In this way, companies can develop and promote their project, get new token holders and acquire active product users without investing millions of dollars.

Some projects launch crypto bounty campaigns as a part of their ICO marketing strategy to generate buzz around an emerging token and create a loyal community of supporters and investors.

Here some popular types of bounty awards:

• Social Media Bounties. This means rewards for engaging with projects’ official social media channels.
• Signature Campaigns. Signature campaigns are usually running on cryptocurrency forums, like bitcointalk.com, where participants get rewards in return for inserting a project’s signature in their forum posts.
• Content Creation Bounties. Content creation bounties are provided in exchange for the creation of high-quality content like articles, videos, blog posts, etc.
• Translation Bounties. Translation bounties are given in exchange for translating project documentation, whitepapers, websites, or other materials into different languages.
• Bug Bounties. Bug bounties are paid to white hat hackers and security researchers for discovering and reporting bugs and vulnerabilities in a product’s code or smart contract.
• Marketing Bounties. Participants can be asked to perform various promotional activities related to outbound or inbound social media marketing, community management, influencer outreach, or organizing events to spread the word about a project.

Development Bounties. Participants can be rewarded for coming up with new or improving existing product features or developing new dApps or protocols for a blockchain ecosystem.

While an airdrop involves distributing tokens or coins to a large number of users without requiring any specific action from them, a bounty program requires dedicated, time-consuming, and painstaking work. When participating in a crypto bounty program, you will need to create accounts in social networks, thematic forums, and popular messengers in order to complete all the promotional activities assigned to you, which requires your involvement and time. Unlike a quick airdrop, bounty programs can extend over several months, and companies may conduct multiple token distributions during the program's duration.

Considering everything mentioned above, crypto bounty programs can be described as more work, effort, and, as a result, more rewarding and predicted.

A bug bounty is an open competition aimed at finding vulnerabilities in a product or smart contract and it is usually looks like this:

1. A company makes an announcement of the competition. They say something like: “Here is our product or smart contract - find issues, report them and we will pay you for that.
2. Prizes are often announced: it can be either cryptocurrency, stablecoins, exclusive access to certain project features or even employment.
3. At the predetermined time, a competition begins. Usually, a project’s team tells you exactly what needs to be checked and how it must be reported.
4. Once the problems are identified, a crypto bounty hunter sends a report to a project. 
5. A company validates a report, assesses the severity of a bug, and provides feedback to a researcher. 
6. If everything is fine there, a company rewards the winners and enhances a product.

Just like traditional bug bounty, engaging in crypto bounty hunting can be a profitable endeavor. Here are some well-known crypto bug bounty programs you can participate right now:

• Ethereum is now promising payouts of up to $250,000 for critical vulnerabilities. Users can submit specification bugs, client bugs, solidity bugs, and deposit contract bugs.
• Coinbase pays up to $1 million for discovering extreme vulnerabilities that affect critical assets that could cause serious business disruption such as unauthorized access to Coinbase-owned hot/cold wallet assets, funds, and/or wallet private keys.
• Binance also has a program to find the vulnerabilities in the program. Users can get up to $100,000 for the most critical bugs.

It can be seen that a reward spread is large: from one and a half thousand to a million dollars. It is clear that a million will be given for the most terrible mistake, which can cost the company billions in losses. But for those who professionally navigate a software, this can be a good additional income.