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Even before we began working on Bountyhive, our guiding philosophy when designing it has been to create a space where Hunters feel safe and at home, offering them unrivaled speed, support and data.
Since then, our goal has never been clearer. Right after the first month of Bountyhive, we started going back to the drawing board and made sure we were relentlessly thinking of new ways to improve each and every aspect of it. With the immense help from our Hunters and their feedback, we can now present you the next chapter of Bountyhive.
Let’s start 🎩
Bountyhive’s mission is to offer a sleek, intuitive but also secure hunting experience. Taking into account the multitude of threats, existing and continuously increasing, we need to add more ways to protect our hunters from bad actors and outside threats.
In addition to our internal security measures and also client-side measures, like password prompts before sensitive actions that prevent user account tampering, we are now adding 2 Factor Authentification 🔑
In order to set up and start using 2 Factor Authentification on your Bountyhive account, you just have to head over to your Account Settings and click on “Set Up 2FA”!
Following some of the first points of the last paragraph regarding the Bountyhive experience, we have now updated parts of our interface to provide not only more information and data, but also structured it better and made it easier to understand.
As soon as you get to the Browse Campaigns page, the go-to place for the majority of Bounty Hunters today, you can now easily select between the campaign types, search for any campaign right there and also sort them in an intuitive manner.
You are now also able to sort and group your finished Campaigns and Airdrops in order to have an exact view of what you are currently participating in and what Campaigns/Airdrops you participated in have finished.
More & Better Rewards
№1 — Improved Tiers
By now, everyone is familiar with our “Tiering” system. It definitely brought a breath of fresh air in the Bounty ecosystem and a new view on how rewards can be calculated.
While in most cases it does the job perfectly and no issues have arisen, we have decided, after having numerous discussions with members of our community (firstname.lastname@example.org) and running multiple simulations & tests, that indeed, subtle edge cases will appear which may deem the Tiering system for some Bounty Types as the lower tier option (pun intended).
The only possible types that can be affected by these edge-cases can be Facebook, Twitter and Signature Bounties, where, in order to prevent this, we decided to implement a “Multiplier” approach. Keep in mind that the average rewards for each Tier remain mostly the same, with no notable differences, but most importantly, this approach offers a 100% protection rate against all edge-cases, even against the more rare/complicated ones, meaning better and more stable rewards for everyone. The Multiplier Tiers will take effect starting with the next campaign whose results have not yet been displayed.
We are also improving the way Reddit rewards are calculated. Each user will now be rewarded proportionally to the number of valid threads/comments that he has on his Reddit Profile, for each Campaign. After the Bounty has concluded, the total number of threads/comments of all users are taken into account and each user gets rewarded. The new Reddit rewards come into place starting with the next Campaign posted on Bountyhive. You can think about it like a staking system, since this is quite similar.
№2— Additional Referral Rewards
There are even more ways to earn on Bountyhive now. In addition to our Referral Rewards that are paid out directly in ETH, you can now get rewarded by referring any ICO to Bountyhive. This grants you a direct percentage of the Bounty Pool, and this is just for spreading the news about Bountyhive to your favorite ICOs! 💰
You can check more details on the Referrals Page on your Bountyhive Profile!
Keep in mind that in order to get rewarded, the ICO must pass our due diligence test and also finish the listing on Bountyhive!
…and last but not least
You maybe saw Airdrops mentioned in the last paragraphs and yes, you guessed it right! Airdrops are now on Bountyhive 🎉
We can finally present you a unified place to participate in verified, escrowed and swiftly rewarded Airdrops — only on Bountyhive.
Eager to see them? Head over to the Airdrops section and choose your next Airdrop to participate in!