I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
There are some indicators to consider when looking out for bounties to participate in. These may not guarantee that the bounty will be good, but it would help in choosing good projects or bounties to participate.
1. Sincere Bounty Manager - The bounty manager to a large extent determines whether you'll be wasting your time or getting rewards for your time and hardwork. Bounty managers go out of their way to ensure that they get a good project that will be beneficial to the bounty participants. In looking out for bounties, strive to work with bounty managers like cryptopreneurbrainboss, bounty detective, julerz12 etc. These are some of the bounty managers that are sincere and committed to the well-being of their bounty hunters.
2. ESCROW - Strive to check out if the reward for the project has been Escrowed. Some bounty rewards are Escrowed and as such would be paid by the bounty manager after the bounty has been completed. The bounties without the escrow tags are to be paid by the project developers and they may choose not to pay after the end of the bounty and there's really nothing anyone can do. Bounties without escrow are based on trust and we all know that trusts are easily broken.
3. BUDGET - Every bounty has a budget that is shared between the hunters that participated based on a stake system. The number of participants as well as the task carried out would determine the amount that would accrue to each hunter. The budget is shared between the different campaigns on an indicated percentage or ratio. So each campaign has a maximum budget and that should be considered when choosing the campaign based on the strength of your participating accounts.
4. DURATION - The time frame of the bounty should also be looked into when choosing a bounty to participate. When the time frame is too long, it implies that you have to work for the duration to be entitled to the reward. Some bounty strip out your reward when you fail to submit for two consecutive weeks. It's wise to juxtapose the duration with the reward to see if the payment is worth the duration.
5. TERMS AND CONDITIONS - There are several terms and conditions peculiar to each bounty and you need to mindful of it. Some bounty could require KYC as a requirement for reward, others could require that you have an exchange wallet to collect your reward. You need to be certain that these conditions are convenient for you before commencing the bounty.
These are a few of the indicators to have at the back of your mind when checking out if a bounty is suitable for you to participate.