What is Steem-Bounty?

Steem-Bounty is a cool platform built on the Steem Blockchain that actually rewards the community members with additional rewards, besides what Steem has to offer by default. As it is built on the Steem Blockchain, it makes it quite easy for people to use who are already familiar with Steemit. It rewards contributors, commenters and the author too. The money of the bounty gets distributed to all top level comments of the post at the same time when the post is paid out (Seven Days after it was written).

What is a bounty exactly?

A bounty is money/sbd/steem sent to post to be distributed to the users commenting on it. It provides a way to reward users directly and works in addition to the steem/sbd they receive from the blockchain. It works independently of SteemPower.

Individual can create a bounty by sending any amount of steem or SBD to @steem-bounty together with a post-url in the memo.

How to go about it

1. Make a post.

2. Copy the url of the post.

3. Click on wallet

4. Transfer to steem-bounty as name, memo is the url of the post you want to use for the bounty.

How can you earn a bounty?

Users earn bounty by competing for the bounty by writing their answers to the post in comments that will achieve upvotes from the community and especially the bounty creator. The money of the bounty gets distributed to all top level comments of the post at the same time when the post is paid out (7 Days after it was written).

How much everyone gets depends on the votes the comments received. The sender of the bounties votes are weighted higher so that she decideds where 80% of the bounty money goes and all other votes determine the rest.

@steem-bounty does all of this for you automatically. You can use this service to automatically pay out a challenge, ask a hard question or simply to reward the people that interact with you.

Reference:steem-bounty