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bountypool has made its first bounty payout of 294.75 Ark. Fortunately with the help of @sonobit bountypool was able to forge for a day. The forged Ark was used to accrue funds for this and another existing bounty.
What follows is meant as a case study and as a guide to how bountypool works. If you have any further questions you can ask here or reach me on slack @ryano .
bountypool received the proposal and created a wallet for this specific bounty. The address for this wallet is AJvGfM7ri3eUUk5vaYHaYrswT8Ba8ECsLg and you can add it to your watch-only list to see all the transactions that occurred for this bounty.
The newly created bounty address votes for bountypool. This is so accumulated earnings in a bounty address continue to contribute to bountypool’s standing in the ranks.
After a period of time forging bountypool is able to make a payment. This is called a bounty accrual and functions like a profit sharing pool until the bounty is completed. In this case, bountypool is splitting its accrual towards two separate bounties, and so this particular wallet accrued 193.85 Ark.
Approving a claim
Voters supporting the bounty accrual can approve claims made to that bounty. To approve a claim, a voter would send a 1 Ark transaction to the bounty wallet responding “Approve: ”. When the majority of the bounty’s supporters approve of a claim, the accumulated funds in the bounty wallet can be sent to the address that made the approved claim. Here is the transaction where I approved of the original claim: https://explorer.ark.io/tx/81a863791a529230544676657c9fad3fba16fa7cb70d4a8bbf4a89c978f6bca1
Completing the Bounty
Through this process 1) a proposal was made, 2) a bounty wallet was created, 3) bounty value accrued, 4) a claim was made, 5) the claim was approved, and lastly 6) the bounty was paid.