Bounty hunting platforms are showing that cryptocurrencies are offering a way out of poverty for some, writes Coindesk.
A bounty is a simple task or job created by a coin developer that you carry out to earn coins or tokens, usually before and during an initial coin offering (ICO). The main areas are typically Tweeting about the project, posting on Facebook, creating blog posts, designing a logo for the coin, or participating in a forum with the logo signature. These are essential jobs for the coin developer to promote their coin during the ICO stage to fund their ambitions.
As Bitcoin News reported recently, such work is offering opportunities to some that wouldn’t have considered becoming involved in the cryptocurrency industry, illustrated by women in Afghanistan now learning to write code for a bounty posting network for Ether payments.
Such sites are becoming far more visible on the net and for some, in dire circumstances, the opportunity to work for these has become a lifeline, joining companies such as Bounty0x, which now has 30,000 active bounty hunters.
Nigerian ‘Crypto Shaolin’ is one of those who has profited from the opportunity to create a new life for himself through the cryptocurrency space. He claims his life has improved, despite the recent downturn in market prices.
Shaolin’s was a soft drink seller following tourists to Africa with his box of iced soft drinks until he came upon a tourist who suggested there might be a better way of getting ahead. The rest for him is history.
Bounty0x CMO Pascal Thellmann explains:
“People in low-income countries are often excluded from global freelancing marketplaces due to a lack of formal education and banking requirements… hunters… can complete micro-tasks like retweeting a tweet or writing a review for a product, in exchange for a couple dollars in crypto.”
However, opportunities are not simply limited to working for companies such as Bounty0x, as Nigerian writer Ayobami Abiola illustrates. He claims he’s making far more money now writing by completing “bounties like article writing, posting on Reddit, Facebook like and share, Bitcoin Talk [forum] comments and joining Telegram groups for many projects”.
Crypto Shaolin is happy. He claims he’s now made USD 1,000 by collecting bounties in 2018 alone, which may not sound like a significant sum, but it’s reported to be double what most Nigerians earn in a year, with the number of Nigerians in extreme poverty increased by six people every minute.
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