How bounties work

Published
June 16, 2022
1 min

What are Bounties?

Bounties are like rewards for good work. Everyone in CityDAO is technically a volunteer. However, the DAO may choose to reward people for their hard work. The rewards are given in USDC and are deposited to ETH addresses. If you are not clear on USDC or ETH addresses, don’t worry. We will explain it all in due course.

How Can I Recieve Bounties?

Each guild in CityDAO creates these tasks, known as bounties. The bounties are posted on the CityDAO Dework Page at: https://app.dework.xyz/citydao. Most bounties require that you “apply” for them. As you see in the example below, the bounty has a name, a due date and a value. To apply, click on “claim task” on the bottom right.

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You will then be contacted by a guild member to walk you through the application process. Mostly, the process is just explaining the details and asking about your experience or suitability for the bounty. Each guild’s member’s will vote on who gets the bounty. Then you begin!

Are Bounties Taxed?

We don’t talk about Bruno taxes. Get a CPA or accountant and DYOR (do your own research).

TASK

Part of being a positive member of the Education & Research Guild is to think about and even suggest bounties or tasks that might be interesting, exciting, beneficial for the DAO or even just fun. Your task for this part is to suggest a bounty. There is no right or wrong answer. We’re not looking for amazing suggestions. Feel free to be silly or creative: Sample Bounty Form