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A bounty hunter is a participant in the initial coin offering (ICO) process who markets the offering to investors and audiences in exchange for incentives. The bounty hunter is generally paid in the form of ICO tokens that can later be redeemed into fiat currencies after the token is listed on a crypto exchange. Bounty hunters are typically social media influencers on popular platforms such as YouTube and Twitter. They analyze the ICO for lay audiences and evangelize regarding its benefits. They may also write posts on popular blog platforms such as Medium.com or insert links to the ICO on Twitter. But their role is curtailed if the ICO token is sold as a security. This is because, in accordance with SEC guidelines, people promoting an ICO are liable for “potential violations of the anti-fraud provisions of the federal securities laws.”

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