District Proposal Spotlight — The Bounty Hunting District

A trustless bounty hunting district powered by Bounty0x.

Meet Bounty0x

In the Old West, Governments used to post a bounty on the capture of criminals, dead or alive. Nowadays, bounties are often used in the context of Software Development, Marketing, Research, Consulting and Journalism.

Bounty0x is a decentralized bounty hunting network where Bounty Hosts post bounty campaigns, Bounty Hunters complete bounty tasks and Bounty Sheriffs review the work submitted by Bounty Hunters.

Existing bounty solutions are trust-based, meaning Bounty Hunters need to trust the Bounty Host that they will keep their word and send a reward if the submission meets certain criteria. This has created disputes with large Tech corporations unwilling to pay out rewards to Bounty Hunters. Additionally, in current bounty platforms, it’s the Bounty Host that needs to verify and check every single bounty submission. This is extremely time consuming and inefficient.

On the Bounty0x Network there is no trust involved and all payments are handled by smart contracts. Work is automatically reviewed by Bounty Sheriffs. The BNTY token is used in a staking mechanism to ensure that all users on the network are honest.

district0x + Bounty0x = 🐴😏💰

Bounty0x is partnering with district0x to bring bounty hunting to the 21st century. Following the launch of the full Bounty0x platform and in the spirit of decentralization, the team aims to delegate most of the decision making process to DNT Token holders. Rather than build a new Governance system from scratch, the Bounty0x team plans to leverage the district0x Network and d0xINFRA framework, to launch The Bounty Hunting District.

The Bounty Hunting District

The Bounty Hunting District is a collaboration between Bounty0x and district0x to build a trust-mitigating bounty hunting network that expands the scope and offerings of current solutions like Bugcrowd.

The Bounty Hunting District will have the following core features:

Bounty Hosts (companies, start-ups, organizations, governments or individuals) can post bounty campaigns and set a reward.

Bounty Hunters can complete bounty tasks to earn a reward.

Bounty Sheriffs receive payment for reviewing submissions made by Bounty Hunters.

The marketplace will provide search and filtering tools for Bounty Hunters.

The marketplace will provide a reputation system and leaderboard.

Rewards can be in the form of Ether, ERC-20 tokens or any other cryptocurrency.

Reward pools and payments are handled by smart contracts. No central entity has control over the reward distribution process.

A sneak peak at the Alpha Platform

Token Voting

The collaboration between Bounty0x and district0x will extend to establishing a decentralized governance network. Holders of DNT tokens will be able to participate in the governance mechanisms of The Bounty Hunting District by staking their tokens to the district’s deposit pool to mint tokens in its corresponding Aragon entity, where most of the district’s decision making processes will occur.

Some of the key aspects DNT holders will be able to vote on are:

Magnitude and utilization of fees generated.

The addition of new bounty types to the network.

Support of additional external modules.

Reputation system and leaderboard.

Development roadmap.

More information about Bounty0x

Distributed all around the globe, the Bounty0x team is comprised of 9 team members. The Alpha platform launched on October 15th and already has over $700k worth of bounties on it. The Beta version will launch in Q2 2018, along with the BNTY token staking mechanism. Bounty0x will hold a crowdsale on Dec 15th for the BNTY utility token.

To learn more about Bounty0x check out their blog, follow them on Twitter, or join their Telegram group to engage directly.

Learn More

For more information about the district0x Network: