How to Become a Successful Crypto Bounty Hunter

Beginner’s Guide / 27.09.2020

A bounty hunter is a professional tasked to capture criminals for a commission or a bounty. It has enabled people from all walks of life to earn a living; crypto bounty hunting is payable through bitcoin, which is later convertible to a different currency of your choice.

Bounty hunting has lately become popular and accessible, at least when it comes to the world of cryptocurrency. With all the technology, the bounty is then payable through cryptocurrency after completing your task.

Bounty programs come in two categories: Pre-ICO bounty and Post-ICO bounty. Pre-ICO bounty focuses on prospective investors and happens before the actual launch of the project. In contrast, Post-ICO bounty aims at improving the community and fine-tuning the released bounty project. This article aims to give you a brief overview on how to become a successful bounty hunter.

Ways of Becoming a Successful Crypto Bounty Hunter

Always Check the Project

Choose a bounty worth your time, suits your skills, and has the highest chance of succeeding. Payments for projects have different amounts of tokens allocated to bounty campaigns. Bitcointalk forums list these campaigns. Therefore, it is essential to do your research on the bounty host and project before starting your bounty hunting work. 

Alternative Bounty Sites

Find alternative bounty sites that are easy and convenient to use, and offer campaigns with token allocations prepaid by the projects. Most projects listed on various bounty sites have a road map going over several years; unfortunately, this factor makes waiting time for receiving bounty payments longer. A decentralized bounty platform such as Antibounty built on new delegated proof of stake blockchain Smart Holdem has all its payments done in Smart Holdem’s native cryptocurrency, which one can trade in a decentralized exchange such as XBTS.

Third-Party Crypto Applications

Next-generation blockchain-based platforms, e.g., Golos, are becoming famous for bounty hosts since they allow you to create quality articles that are rewardable. Communities appreciate these articles by issuing tips to the creators; therefore, bounty hunters can rely on bounty hosts and the community’s payments. Research is necessary on these platforms since you ought to be sure about the platform in question. A wrong and unofficial forum may result in disaster in the future.

Referrals

Refer friends or dedicated followers to buy coins on ICOs that you recommend and get a cut of the amount they spend. Affiliate programs can potentially earn you more revenue and profit than traditional advertising. You can promote referral programs to make extra pocket money through product recommendations to friends and family on social media, even if you do not have a website. Find time to sift through the vast referral programs genuine of good quality, research, and test them before recommending them to others. This way, you can successfully earn an income while providing your audience with valuable information.

Sharing Content on Social Media

Build an audience by posting relevant and useful content. Connect to other influencers and have a relationship with them. Ask them to share some of your content, which is also valuable for their followers. That way, it is mutually beneficial. Getting mass followers improves your chances of getting more clients and gigs, with an excellent reputation that comes to a lot of responsibility and makes you a better bounty hunter.

Content Creation

A bounty hunter must have your website with an OK hosting; startup packages on useful hosting websites can stand up to 10,000 visits in a month. This aspect makes you enough money, and you would be happy to upgrade your hosting. Having a website only takes 15 minutes or less to create using CMS like WordPress; the only flaw is customization, which takes longer. For that, you can always hire a professional to do that for you.

However, without following the platform’s rules could lead to your blog’s suspension on your website; that’s a downside to using a free blogging platform.

Translation of Bitcointalk Announcements and Bitcoin Threads

Programs that offer this bounty has a list of languages they accept and typically has the highest payout. It would be best if you were careful to preserve each text’s original meaning during translation and be a native or fluent speaker of the language you choose to translate. Before publication, the translation has to be reviewed by a reviewer or coordinator, after which team leaders will be alerted that a particular translation is ready for publication.

Final Word

The cryptocurrency industry is growing by leaps and bounds. From dark stories about the darknet to honest people who do make a living by finding security vulnerabilities, the fact is, bounty hunting has become a core component of the cryptocurrency community. 

Many users on bounty hunting platforms from third-world countries earn additional revenue, which has a life-changing impact on their lives. On the bright side, you do not have to be a techie to be a part of the crypto bounty hunting community, and many of us could probably be missing out on a gold rush in an invisible gig economy. 

Adam is an outgoing young lad who likes adventures and discovering new things. Despite his boring life, he loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.