Bounty0x Weekly Development Update — June 1st

Beta launch, BNTY staking, AMA, badges, user growth, new blockchains (NEO) and a meet-up.

Beta launch

This week we announced the release date of the long awaited Bounty0x Beta. The Beta launch was initially scheduled to happen on July 7th, but has been postponed to July 9th in order to make sure that the entire team is available when the new platform is released. You can check out the Beta launch announcement along with a list of features here.

Sheriff BNTY staking

After long and careful planning, we have decided that Bounty Sheriffs will have to stake an amount of BNTY that is 4 times greater than the expected reward for making the review.

Sheriff BNTY staking amount = Sheriff reward * 4

Sheriff BNTY staking requirement: If a review is made incorrectly, a Sheriff will loose this entire stake.

If a review is made incorrectly, a Sheriff will loose this entire stake. Sheriff reward: It varies from case to case. Reviewing a bug bounty submission, for example, will be paid a much higher reward than reviewing an article.

Sheriffs will be able to easily purchase BNTY through our AirSwap integration directly through the Bounty0x platform, or on other third party centralized and decentralized exchanges.

We will soon also start releasing guides and tips for Bounty Sheriffs on our Help Center, as we have started doing for Hunters and Hosts already

AMA

We are excited to announce that we will be holding an AMA session on our subreddit on July 10th. The purpose of this AMA is to address any possible questions and ideas regarding our Beta release in a public and transparent manner.

Badges

Some Hunters noticed that we have been silently rolling out new features over the past several days. Good catch!

One of these features are Bounty0x badges. There currently are 3 types, with many more to be added.

Premium

The “Premium” badge shows which bounties are managed by Bounty0x. We consult a select number of blockchain start-ups and companies on which bounties would benefit them the most. Look for bounties with this badge to find tasks where the instructions have been written by us.

New

Pretty straightforward. Look for the “New” badge to find bounties that have just been posted a couple hours ago.

Popular

The “popular” badge helps Hunters identify which bounties have received a larger than average number of submissions over a certain period of time. If you want to participate in a bounty with this badge, make sure to do so quickly since it will likely fill up very fast.

Ending soon

The “Ending soon” badge shows that a bounty will end in a week or less. Make sure to participate in these bounties as quickly as possible since they will be closed shortly.

Bounty Hunter growth

We are proud to announce that there are now 25,000 active Bounty Hunters on Bounty0x. Interestingly, there doesn’t seem to be a gender gap at all in the Bounty0x userbase and there are only about 3% more males on the platform than females.

NEO support

Bounty0x now also supports rewards in NEO and NEP-5 tokens. Bounty Hunters can easily add their NEO address in their profile and rewards will be automatically distributed to that address.

Meetups

Bounty0x will be holding a meet-up in Europe after the Beta launch, the location is still to be decided. If you can’t make it to the meet-up then you will also be able to follow the entire event on a livestream, or watch a recorded version on our YouTube channel.

That’s all for this weekly update. Expect many more announcements, guides and tips as the Beta release gets closer.

For more information about Bounty0x

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Disclaimer: Please consult your professional financial, investment, and tax advisers before making any investment in initial coin offerings (“ICOs”). Bounty0x does not provide investment or financial advice and does not endorse or recommend investment in any ICOs advertised on this site. The content on this site is provided for informational purposes only and should be supplemented with independent research and factual verification. Bounty0x occasionally receives compensation for promoting certain ICOs. Such compensation is not based on whether or not users of Bounty0x, or any users invest in advertised ICOs or other types of “success” fees. Bounty0x is not regulated as either a broker-dealer or funding portal and is not a member of FINRA. Bounty0x does not offer or sell any securities, solicit investors for securities offerings, engage in any negotiations regarding potential investments, or participate in the sale or purchase of any securities or otherwise effect transactions in securities. Any offer, sale or purchase in ICOs is in the sole discretion of, and is conducted directly between, issuers and the prospective investors. All information provided regarding potential ICO investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements. Bounty0x has not independently verified any such information. For more information about our Terms and Conditions, see here, and privacy policy here.