Bountysource, effective immediately will have the ability for all of the world’s crypto projects to post their own bounties backed by their own ERC-20 tokens (or cryptocurrency of their choosing).
This is a huge opportunity for Bountysource and the CanYa ecosystem. The demand for good blockchain developers far exceeds the supply, also, the nature of the development work often means it is done in shorter timeframes than what would be needed from a full-time employee. By allowing crypto projects the ability to outsource some of their development work and giving blockchain developers the chance to work in short stints on a number of projects – the platform will offer developers and projects alike the utility of being dextrous and nimble with their time.
Shortly, we will add the ability for projects to natively host smart contract auditing on the Bountysource platform too. This will ensure that projects can confidently publish their smart contracts in the knowledge it has been externally and objectively audited by experts in the field. Combining these two features means Bountysource will become the go-to platform for blockchain and decentralised technology development.
ETH, CAN & All Other ERC20 Tokens Now Accepted on Bountysource
Allowing crypto payment is important for many macroeconomic reasons that obviously align with the CanYa project’s core beliefs and objectives. However beyond expediting the adoption of cryptocurrencies, allowing ERC20 tokens in addition to ETH as a payment method removes genuine barriers to entry for many people that include censorship, and restrictions of trade.
Two important things to note with regards to listing crypto bounties;
1. Currently, bounties are either crypto OR fiat based and not a mixture of the two. Fluid bounties that accept any payment are a planned upgrade in the coming months.
2. Anonymous funding of existing bounties is available, however anonymous backers will not be entitled to approve/reject bounty claims. It’s also recommended to have more than one backer on a bounty as this reduces the risk of improper disbursement of funds.
Bountysource & CanYa
Bountysource, owned by CanYa, is the world’s first and most popular open-source bug bounty platform. In recent months we have been working hard to make adjustments to reinvigorate the community, code, and UX features without moving away from the core functionality of the platform.
Bountysource directly aligns with CanYa’s long term goals of being a peer-to-peer marketplace of services for digital nomads to work in their own time, on their own terms.
Restriction of Trade & PayPal Issues
Many countries are considered “prohibited” by PayPal and therefore can’t send or receive monies using the platform. This is more than problematic for not just freelancers but anyone who is looking to access the digital economy in any of the following countries.
- Burma (Myanmar)
- Cote d’Ivoire
- Democratic Republic of the Congo
- Liberia (Former Regime of Charles Taylor)
- Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions
- North Korea
- Sierra Leone
- Western Balkans
The CanYa ecosystem is particularly aware of how important the gig economy will be to empowering developing nations. We are also aware that many people will earn and not buy their first crypto. Crypto bounties will help remove another barrier to entry of not only crypto payments, but payment in general to many people around the world.
This ability to trade without the limitations of borders, is one of the key principles and benefits of crypto as a payment method, and something CanYa and Bountysource are very proud to be facilitating.
Bountysource Development Strategy & Takeaways
In the true spirit of agile software development, we are releasing the minimum viable product to the market. This build/measure/learn approach allows us to incorporate feedback from the community quickly into future releases, progressively refining and improving the crypto payment functionality.
CAN tokens will become an integral part of the Bountysource ecosystem. Bounties posted in CAN will incur the lowest fees, be featured on the front page and be eligible for free tweets with details of the bounty! CAN tokens will also be required for pinned bounties and other premium services. This is a significant development, which we are very excited about but expect many more updates to come with regards to Bountysource.
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