What is Initial Bounty Offering (IBO)?
IBO or Initial Bounty Offering is a method for launching a new project in which coins or tokens are distributed among people who contributed their skills and knowledge to the platform. The platform contributors are compensated with coins instead of money, and IBO is not based on the sale of coins, as is the case with ICO.
Project devotees are rewarded for offering their skills to carry out marketing, business development, human resources, coding, or translation activities. IBO is considered a practical and effective method for building project communities.