Bounty0x (BNTY), the decentralized bounty management platform, is about to start its beta testing phase. Originally, the beta launch was set to start today, July 7th, but has been pushed back two days so that “the entire team is available when the new platform is released.” Now, the event will kick off on Monday, July 9th.
The team behind this coin already racked up more than $6 million worth of bounties and tested with more than 22,000 bounty hunters.
Unlike within the alpha version, the version to be released on Monday will feature a brand new role that they haven’t rolled out yet: Bounty Sheriffs. They explain what this new person does in the blog post announcing the details of the beta launch:
Bounty Sheriffs stake BNTY to obtain the right of reviewing submissions made by Hunters. If a submission is verified correctly, Sheriffs will receive a fixed amount of BNTY credited to their wallet, if, however, a submission is verified incorrectly, the Sheriff will lose the staked BNTY.
The BNTY used to reward Sheriffs is purchased from the open market by the Bounty Host that posted the bounty.
Apart from the addition of the Bounty Sheriff to the platform, the beta version will also feature BNTY staking to review submissions, Optional Bounty Hunter KYC (know your client), Reddit and Multimask integration, as well as general improvements and bug fixes.
Anyone who is excited for this test version will still need to wait until the beginning of next year for the full-blown network to launch, which is expected to have a lot of other additional bonus features on top of what they’re already testing.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.