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Bancor is an open-source, decentralized trading protocol that allows participants to gain access to an open and permission-less marketplace. The $1 million bug bounty has a multi-tiered incentive system. Identifying significant risks can earn ethical hackers up to $1,000,000. Security bounties are amongst the most popular types of bounties awarded to ethical hackers. The main advantage of a bug bounty program is that it allows a business to pinpoint a variety of flaws in their software’s code.