How Does Veritula Work?

How Do Bounties Work?

Bounties let you invite criticism and reward high-quality contributions with real money.

Bounties are in beta. Expect things to break.

How do I participate?

First, log in or sign up.

Next, browse the list of bounties. Click a bounty’s dollar amount to view its page, review the bountied idea and the terms, and submit a criticism of that idea.

That’s it – you’re in.

How do I get paid?

The bounty owner reviews submissions for eligibility against his bounty terms.

To be eligible for a payout, all of the following must be true:

1. Your submission is a direct criticism of the bountied idea.
2. Your submission has no pending counter-criticisms by the deadline. (For temporary bounties, that’s when the review period ends; for standing bounties, it’s seven days after submission.)
3. Your submission meets the bounty terms and the site-wide terms.
4. You’ve connected a Stripe account in good standing before the deadline.
5. You’ve not contributed funds to the bounty.

The bounty owner is never eligible to receive payouts from their own bounty.

Note that counter-criticisms are not constrained by the bounty-specific terms. Only direct criticisms of the bountied idea are.

How much will I get paid?

For temporary bounties, the amount is prorated among eligible participants based on contribution. For example, if there are ten eligible criticisms and you contributed two of them, you receive 20% of the amount when the bounty ends.

For standing bounties, amounts are assigned on a per-submission basis. For example, funders may indicate that they will pay a total of USD 100 for the first eligible submission, a total of USD 50 for the second eligible submission, and so on. Each eligible submission has its own payout date.

Fractions of cents are not paid out.

How do I run a bounty?

Click the megaphone button next to an idea (near the buttons to bookmark, archive, etc.).

Set a bounty amount and write clear terms describing the kinds of criticisms you’re willing to pay for. Then enter your credit-card details to authorize the amount plus a 5% bounty fee.

Your card is at most authorized, but not charged, when the bounty starts.

A temporary bounty typically runs for five to seven days, depending on your card’s authorization window. You may review submissions during the entire bounty period. Toward the end, a 24-hour grace period begins during which no new submissions can be made but you may continue your review. Reject any submissions that don’t meet your terms. Submissions you don’t reject are automatically accepted at the end of the review period and become eligible for payout. Your card is then charged the full authorization.

A standing bounty runs for as long as funds last. Each submission has its own seven-day review period. Again, reject any submissions that don’t meet your terms. Submissions you don’t reject are automatically accepted seven days after submission. Your card is then charged as indicated in your funding allocation.

If you reject all submissions, your card is never charged.

What’s the difference between a temporary and a standing bounty?

A temporary bounty has a fixed duration, typically between five and seven days. The bounty amount is prorated among eligible participants at the end. Standing bounties, on the other hand, don’t have a fixed duration; they run as long as funds last. Funds are paid out continuously and on a per-submission basis, as described above.

Temporary bounties are ideal when you have limited time and a smaller budget. Standing bounties are ideal for the long term with a larger budget. However, you can mix and match based on your own unique preferences and circumstances: for example, it’s possible to use a larger budget on a temporary bounty.

Can I fund an existing bounty?

Yes. Review the bounty terms. If you agree with them, click the ‘Add funding’ button on the bounty page and follow the next steps. At this point, your card is at most authorized but not charged.

Your card is charged for any submissions the bounty owner does not reject. If he rejects all submissions, your card is never charged.

Funders are never eligible to receive payouts from a bounty they funded.

Start a bounty today. Terms apply.