Add and Pay Social Credits

This page guides organisational user to transfer social credits after topping up the wallet.

Transfer Social Credits

To make a transfer to the selected applicant for the bounty listing, please use the Wallet Transfer feature. You must Top up the wallet with available payment methods such as digital currency, credit or debit card.

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When you top up the wallet with the budget amount for your bounty listing, the added amount is tokenized into Social Credits. You can, therefore, not seek a refund since this amount is already logged for the bounty that your organisation intends to list and get completed by any skilled E resident.

Bounties are paid in advance using community currency i.e. social credits on the Open Bounty platform since the escrow functions are already embedded in the platform policies and the relationship of the members with the Association (whether an E Resident or E tenant).

The successful bounty hunter cannot withdraw these credits to their value in local currency until the Open-Bank Foundation authorizes the withdrawal request.

In certain cases, the withdrawal requests are automated, since the bounty hunter has already achieved a level of certification.