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Bounty programs are used by crypto-coin developers to incentivize actions before the initial coin offering (ICO) by developers and marketers. In the context of cryptocurrencies, a bounty program is a marketing strategy used by startups during their initial coin offering (ICO) campaigns. A bounty program offers cryptocurrency in exchange for promotion, if the ICO turns out to be a success. In other words, payment is never guaranteed up and until.

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One of the ways in which web-based businesses can quickly grow, without investing heavily in advertising, is to incentivise others to promote their services, essentially outsourcing marketing. Content Creation Campaigns � These target bloggers, writers, video content creators, and enthusiasts, encouraging them to create articles, blog posts, or videos. Bounty0x: A decentralized platform where projects can list their bounties, and hunters can find and participate in them. As we explained at the beginning of the section on earning cryptocurrency, cryptocurrency adoption grew initially from word-of-mouth, and still relies heavily on this kind of approach. Crypto bounty reward programs are frequently used as a promotional tool for the initial coin offering ICO of a new token.