Stats on Work-based Bounties on Cent

You may remember my stab at classifying the types of bounties that we've been seeing on Cent over the past 10~11 months where I broke down bounties into three specific types (work-based, semi-formal, and playful) in this blog post [here].

These days work-based bounties, or bounties where the bounty poster is expecting specific and relatively undifferentiated responses from a non-trivial minimum number of responders (e.g. product feedback, polls, surveys, referral/affiliate link usage, twitter follow boosts), are the type of bounties that have me most excited.

They have me so excited because it feels like the first instance where a broader community (i.e. those not already on Cent) can easily join the Cent community and instantaneously see the value that the Centian community can provide. That and they are putting a decent chunk of change into Cent.

So I went back and looked through all the bounty posts made over the last 100 days or so and found some interesting stats. Over the past 100 days a total of 36 work bounties worth $953 were posted on Cent. Of those, 23 work bounties worth $507 were posted in the last 30 days alone, so they are definitely catching on (thanks in no small part to the amazing work @pavan has been doing).

We got great feedback (e.g. shout outs on Twitter) from 6 projects that posted work bounties, but we also received some constructive feedback asking for more control or better responses. The numbers and responses are definitely a good sign, but far from optimized. It'll be very interesting to see what kinds of decisions get made about these types of bounties heading forward.