What are the Rewards for Finding Bugs in ARMswap Platform?

Do you know what's the most crucial element of classic western movies? The classic car chase scenes! You have bounty hunters racing their Breton horses at 20mi/hr, armed with skill and determination, all set to catch that one fugitive for a hefty reward! Today, the concept exists in real life too - but with a twist.  

Instead of fugitives, today's bounty hunters have to catch digital vulnerabilities hiding on the blockchain platforms. These modern-day bounty hunters are armed not with guns and arrows, but sharp technical skills.

ARMswap bug bounty program taps into this very spirit of reward and adventure. We invite independent security researchers and ethical hackers to come forth and hunt down the vulnerabilities in our system. Much like the bounty hunters of olden times, you can - and will - earn substantial rewards for your contributions.

Today, we will discuss how you can earn crypto coin rewards and become a part of this bug bounty program:

What is the ARMswap Bug Bounty Program?

ARMswap bug bounty program is one of our MVP programs focused on enhancing security of the crypto ecosystem. This specific program is designed to engage the community in identifying potential vulnerabilities in our platform.  

For this purpose, we invite independent researchers and ethical hackers to actively test ARMswap and uncover any weaknesses in the system.  

This rewards program is beneficial for both parties. The integration of third-party audits is helping us evolve into one of the most secure blockchain platforms available and you are getting crypto rewards for your contributions alongside.

Become a Part of the Bug Bounty Program

Since ARMswap's ecosystem spans 31+ blockchains, vulnerabilities can arise in the cross-chain environment. To overcome this, ARMswap is currently utilizing Hardware Security Modules (HSMs) to secure your cross-chain transactions.

On top of this, we are offering you the opportunity to become a foundational part of ARMswap. The scope of our rewards program covers a wide range of potential issues including smart contracts, front-end/backend issues, and network vulnerabilities.  

With our bug bounty program, you will earn free crypto coin rewards of 5,000 – 1,00,000 USD/ARMUP/ ARMSP tokens depending on the severity of the bug.

Eligibility Criteria:

We invite ethical hackers, security experts, and researchers to participate in the program. The individuals must have prior experience of identifying bugs and/or security flaws within blockchain platform and a strict code of conduct to abide by ethical hacking practices. You can find out more about our rules here.

How to Participate in the Bug Bounty Program

To participate in ARMswap bug bounty program, visit our platform and test every functionality. After that:

• Identify a potential vulnerability or bug in our system.  
• Create a written or video report of the bug and how to fix it.  
• Submit the report via user contribution form to earn free ARMSP token and rewards of 5,000 – 1,00,000 USD/ARMSP/ARMUP tokens depending on the severity of the bug.

Why Participate in ARMswap's Bug Bounty Program?

ARMswap is offering you a unique opportunity to contribute towards the security of one of the most innovative defi platforms and gaining rewards as well as recognition for your contributions. Here’s why you should participate in the bug bounty program:

Lucrative Rewards:

Bigger the bug, greater the incentive.  

As has been shared above as well, you earn lucrative rewards for your participation. ARMswap has set aside a budget of 250 million ARMSP tokens specifically for the MVP program – and you can earn a sizeable chunk out of it, based on your contributions, as follows:

• Minor Bugs: 100 rewards of $5,000 USD (or equivalent in ARMSP/ARMUP) each.
• Major Bugs: 50 rewards of $20,000 USD (or equivalent in ARMSP/ARMUP) each.
• Critical Bugs: 20 rewards of $100,000 USD (or equivalent in ARMSP/ARMUP) each.

Skill Development:

Let's talk market sizes: the blockchain industry was at valued at USD 17.57 billion in 2023 and is expected to reach USD 137.6 billion by 2032.

As this ecosystem grows, the demand for security expertise is on the rise. By collaborating with ARMswap, you will gain valuable expertise sharpening your skills in the crypto space.  

Recognition:

ARMswap community includes experienced marketers, researchers, app developers, and content creators. By contributing towards our bug bounty program, you will gain acknowledgement and recognition in this community.  

Wrapping it Up

More than just rewarding, ARMswap bug bounty program is about building a safer cross-chain platform. As the crypto space evolves, we are taking a more proactive approach towards security to evolve alongside.  

By becoming a part of our bug bounty program, you will play an integral role in fortifying security for everyone along with earning valuable rewards.  

So, join us today. let's safeguard the crypto space, squashing one bug at a time.