TL;DR: Depending on the bounty’s mode, either one contributor does the work (single claim) or several compete and the best wins (competition). Winners are paid from escrow in USDC, usually within about a minute.
What you’ll learn
- How single claim and competition decide winners
- How prize tiers work
- How and when you get paid
Single claim vs competition
- Single claim: the organizer chooses one contributor to do the work. You’re chosen up front, you deliver, and you’re paid when your work is approved.
- Competition: several contributors work in parallel. After the submission deadline, the entries are compared together and the best work wins. Because everyone is judged on their finished submission, the competition stays fair.
In a competition, several people work in parallel and the best submission wins after the deadline.
Prize tiers
A bounty can pay more than one place. Prizes are set in tiers, for example 1st, 2nd, and 3rd, each with its own amount. Some competitions also recognize strong runners-up who didn’t place.How you get paid
- The organizer chooses the winner or winners.
- The prize, already held in on-chain escrow, is released to each winner’s wallet in USDC.
- Settlement usually completes within about a minute, and your reputation updates.
You need to complete identity verification before you can withdraw your earnings.