BTC $95,290.00 (-1.42%)
ETH $3,298.57 (-1.54%)
BNB $933.85 (-0.43%)
XRP $2.06 (-2.35%)
SOL $143.13 (-1.41%)
TRX $0.31 (+0.57%)
DOGE $0.14 (-4.02%)
ADA $0.39 (-3.05%)
XMR $705.49 (-0.70%)
BCH $599.39 (-3.78%)
LINK $13.71 (-1.76%)
LEO $8.90 (+0.02%)
XLM $0.23 (-2.53%)
ZEC $412.37 (-6.53%)
SUI $1.78 (-3.27%)
HYPE $25.03 (-0.80%)
AVAX $13.78 (-3.79%)
LTC $72.50 (-3.94%)
HBAR $0.12 (-3.25%)
SHIB $0.00 (-1.31%)

IBO (Initial Bounty Offering)

A Bounty is a sum of money offered as a reward for completing a specific task. When a company launches an IBO (acronym for Initial Bounty Offering), it invites parties to – during a limited period of time – perform certain tasks. Tasks can include marketing, translation work or finding bugs. In exchange for performing such tasks, the task-performing participants normally receive a certain allocation of tokens. Different from a normal ICO, however, an IBO does not entail investment of capital (merely investment of time).