Switcheo has announced a Beta Bounty Program for its V2 exchange. Switcheo Exchange V2 will feature enhancements such as instantaneous trading, public trading API’s, and improved withdrawals and deposits.

The Beta Bounty Program will see 50 community members invited to participate in three hour trading event on Tuesday the 17th of July, between 2:00pm – 5:00pm (UTC + 8). Features such as deposits, partial withdrawals, instantaneous limit trading and the mobile interface will all be tested. Switcheo hope to pick up any bugs that may have been missed during their own internal testing phase.

Switcheo will be rewarding participants who discover bugs. Four reward tiers have been defined, based on the type and severity of issues reported. These are as follows:

  • Tier 1 rewards: Non-critical UI related issues – USD $100
  • Tier 2 rewards: UI issues related to critical interface items such as user balances, trade history, price etc – USD $200
  • Tier 3 rewards: Trading related issues such as inconsistencies in fees, incorrect order matching or inability to withdraw – USD $500
  • Tier 4 rewards: Trade balance related issues such as ability to spend more than user’s correct balance or missing funds – USD $1,000

Issues that do not fall into any of the above categories will be reviewed and rewarded by the Switcheo team on a case by case basis.

All bugs must be reproducible and only the first reporter will be awarded a bounty. There are no limits to the amount of bounty rewards each participant may receive.

Switcheo has also flagged that there will likely be pauses during the trading event for “back-end architectural inspection to ensure that exchange’s performance is up to par” that will require compliance from participants.

Interested parties can sign up to the Beta Bounty Program using the below form:

More information on Switcheo can be found at the below links: