Earlier today the Bounty0x team did a Ask Me Anything over on their project’s subreddit and we summed up some of the questions and answers:

1

“There have been rumours of a Binance listing being in the works. Can you please comment on that, as well as other large exchange potential listings?”

To which the response was that they are talking with several exchanges to get BNTY listed on.

2

Another user asked if there were plans to add more uses for the BNTY token in order to increase demand.

The developers confirmed they are working on more ways to add demand and listed a few ideas:

Reducing platform fees by staking BNTY

Unlocking additional features for Bounty Hosts by distributing payments in BNTY

Modular integration of BNTY rewards into external platforms

3

The team confirmed that most of the Bounty0x development repositories are private and will be so during heavy development, which justifies the low activity on GitHub.

4

The team confirmed that by Q2 or, at the most, by the end of 2018, individual users will have the ability to setup simple bounties like requesting for a painting/drawing. These types of simple bounties will all be possible in this timeframe’s future.

5

Sheriff agreements and differences can be explained through the following description:

“Decision will be reached upon consensus i.e. 3 sheriffs will be assigned to a bounty, then if 2 out of 3 sheriffs approve a submission it will be considered as a genuine review and submission.

If however the third sheriff has a genuine case of why she/he rejected a submission then a dispute can be raised where Bounty0x will step in to make a decision.”

6

The BNTY buyback program for later in 2018 will be a direct purchase of BNTY from the open market.

7

The crowdsourcing mechanism will work the following way:

Any user will be able to set a bounty and if that person marks the bounty as a crowdfunding bounty, anyone will be able to donate to the reward pool to make it larger. ANd if the reward is not claimed in a certain timeframe, the rewards will be distributed back to the bounty donators.

8

The team is building an escrow service where bounty hosts will be asked to make a deposit to, so hunters will know for sure that they will be getting paid for their work.

The team also showed great confidence by saying that recent progress with smart contracts and anonymous systems are very likely to turn Bounty Hunting into a widely adopted job in the near future as well as saying they see Bounty0x becoming a global hunting network.