One of the key areas crypto currency strives to develop as well as enhance, is the traditional business model. The buying and selling of goods and services in exchange for some token of value. Applying this simple concept to a robust digital blockchain can work wonders for contractors who wish to independently search for projects to complete, without the requirement of any middle men. The empowerment and flexibility this create for an individual cannot be underestimated so it is quite reassuring to know that a platform already exists with an aim to do just that.
“The Bounties Network” is a Dapp, launched in 2017, which bridges the gap between those that require specific tasks to be undertaken with those are willing to fulfil them. The “Bounties” part within the title refers to the remuneration offered for the completion of those tasks. These can encompass a range of different work requests from designing the cover of a book to coding an application on a blockchain.
The platform is run on top of the Ethereum blockchain so owning a WEB3-based wallet is mandatory, such as MetaMask. In addition, ERC-20 tokens are supported as a rewards option, which adds further flexibility to the platform. Once an account is setup and the wallet is linked into “The Bounties Network”, individuals can then begin searching for and getting rewarded for work carried out.
The main homepage is simple and straightforward to navigate through, free from any unsightly clutter or confusing messages. There are numerous ways to filter down searches, such as the most recent or highest valued submitted requests, allowing for deeper exploration within “The Bounties Network”.
The process begins by an individual creating a post, clearly stipulating a detailed description of the task criteria requirements as well as the deadline of the project and amount of tokens offered as a reward. It should be noted that a bounty can be issued to multiple applicants if the creator of the post so wishes. Also stated is the difficulty of the task, however this is more of a perceived point of view from the poster's perspective. Finally, adding tags to a work proposal is important as it allows individuals to easily discover potential projects in line to their particular skill sets via the platform's "search" function.
One other unique and innovative feature lies in the “contribute” function. This feature allows others on the platform who hold a project in particularly high regard, to add more funds to the original amount offered, thus significantly adding to the “community-valued network” aspect of the platform.
Submission of work proposals is the next step, which are then uploaded and stored underneath the post itself. From this collective pool, the most appropriate applicants (or applicants) is selected by the task issuer, after which the funds are unlocked and transferred into the respective accounts. The whole process works seamlessly from start to finish on a peer-to-peer basis. Additionally, should a user have any questions or require further clarification regarding the task at hand, each post comes with a convenient “comments” section providing for this purpose.
“The Bounties Network” truly is the embodiment of the term “virtual collaboration”. Breaking down geographical as well as demographic boundaries, it enables for the delegation of projects to the most suitable candidate in a most efficient and financially beneficial manner. And perhaps best of all, there are no hidden fees meaning what the recipient receives in crypto is exactly the amount being offered. Yet another example of how the Internet and crypto currency work together to evolve new opportunities out of old work practices.
Why not join today and discover what “The Bounties Network” can do for you?
