Bounty ideas for organizations to accelerate development

If you've worked in web3, you've probably heard about bounties: a way to reward developers for completing specific tasks or issues.

In short, web3 developer bounties are rewards for developers that are typically paid in native tokens or stable coins such as USDC.

Bounties are offered in many ways and for various reasons by Decentralized Autonomous Organizations (DAOs), DeFi, NFT projects, and others.

Examples of bounties include rewarding developers for finding bugs, reviewing smart contracts, and developing new features.

Real use cases of Web3 Bounties

Bug bounties challenges are the most common web3 bounties.

Developer bounties are offered in these programs as a bug-hunting model, which means that "hunters" run several tests on blockchain infrastructure and test its security.

Software developers are paid to report security flaws and vulnerabilities in platforms, systems, or dApps development, for example.

These web3 bug bounties challenges usually take place before a project is released to the public.

Bepro Network announced recently a partnership with Aurora (NEAR protocol) for the platform's first bounty network.

Aurora is an Ethereum Virtual Machine (EVM) for developers operating apps on an Ethereum platform, with low transaction costs, and they are expected to attract developers to contribute to Aurora Github repositories.

The Aurora Development DAO allows the community to create bounties with specific amounts of $AURORA or other ERC-20 available on the protocol.

As a result, developers create the features requested by the bounty promoter and receive $AURORA for completing these tasks.

👉 Learn more about Aurora’s bounty network

Bounty ideas

There are several bounty opportunities for organizations to take advantage of and develop products faster.

Bounty programs are a great source of development because they bring solutions from outside devs to specific issues, rather than just focusing only on "in-house" employees.

By providing this option, organizations that lack human resources or even internal knowledge can save time and money on their projects, while also incorporating new solutions from talented devs.

Smart contracts bounties

Some organizations publish smart contract code for developers to review and identify flaws.

Smart contracts are digital contracts that do not require the participation of third parties (such as a notary's office).

They are carried out automatically by orders written into a blockchain system's code, which are generally preprogrammed with conditional and future clauses, such as "if/when [this happens], then [this other thing happens]."

Hence, the code must be absolutely perfectly written or it can lead to a series of problems later down the road.

That’s why it is important to have developers review smart contract code, and bounties are an excellent way to ensure it.

Bug bounties challenges

As previously stated, a typical bounty is to have the dev community searching for bugs before your project is released to the public or needs updating.

These bounties are ideal for researchers who want to find and report vulnerabilities in web3 platforms, software systems, games, and SaaS products.

Every day, new developments in blockchain emerge.

And one way to test all of these novelties is through users. Nothing fairer, therefore, than rewarding them for this testing work.

Developing new features

Some projects also look for new features and establish a bounty network for developers to support them in expanding their blockchain/web3 capabilities.

So, instead of hiring a third-party company or a startup, for example, to collaborate on an ideation project, a bounty network is a great alternative.

After all, through bounties, an entire community can be mobilized to bring solutions and prototype features or MVPs.

GitHub Repository Bounties

Some bounty programs compensate researchers for discovering vulnerabilities and submitting solutions to GitHub repositories.

After all, GitHub is a source code hosting platform where users can collaborate on projects in an environment reminiscent of a social network.

As a result, it is critical that the source codes are updated and correct.

That is why, at this point, having professionals check all codes through bounty programs is critical.

Bepro Bounty Network

Bepro is a bounty network built to help organizations manage their decentralized development.

We simplified the process of launching multiple development bounties, managing disputes and reward collaboration using smart contracts to handle payments.

👉 Find out more about the Bounty Network

Launch a bounty

It's really simple to set up your own bounty with Bepro Network. To begin, access the webapp and connect your MetaMask. Then you must take the following simple steps:

Submit a bounty by creating a new issue, describing the task, and allocating a reward (in $BEPRO) for the job.
Work with the community. Reach out to your community and attract developers to help you build the best solution for your project.
Validate and reward. Analyze the code, interact with developers, pay with your preferred token, and expand your ecosystem.

You can read our guide on how to launch a bounty for more in-depth informaiton.

Keep buidling!

Decentralize your development and collaborate with the developer community. Launch your own bounty today.

About Bepro Network

Bepro is a bounty network platform to help organizations manage their decentralized development.

We simplified the process of launching multiple development bounties, managing disputes, and rewarding collaboration using smart contracts to handle payments.