A blockchain bounty refers to a reward offered for completing specific tasks related to a blockchain project. These tasks can vary widely, including finding bugs in the software, developing new features, or promoting the project through social media. Projects typically set aside a certain amount of their cryptocurrency tokens or other rewards for individuals who successfully complete the assigned tasks.

This incentivizes community participation and helps improve the project while also spreading awareness. Bounty programs can attract developers, marketers, and enthusiasts who contribute their skills in exchange for the potential of earning tokens.

The tasks are often listed in a bounty board, allowing participants to pick tasks that align with their expertise or interest. Ultimately, blockchain bounties help foster community engagement and accelerate project development, benefiting both the project creators and participants who contribute their efforts for potential rewards.