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Add (basic) BOUNTIES.md (#1079)

* Add (basic) BOUNTIES.md

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* Update BOUNTIES.md

Co-Authored-By: jacogr <jacogr@gmail.com>

* Update BOUNTIES.md

Co-Authored-By: jacogr <jacogr@gmail.com>

* Update BOUNTIES.md

Co-Authored-By: jacogr <jacogr@gmail.com>
Jaco Greeff 5 years ago
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+# Bounties
+
+From time-to-time we will add bounties for features.
+
+These are generously provided by the [Web3 Foundation](https://web3.foundation/) and as such employees of Parity or those of the W3F are ineligible for them. (This includes people being by either Party for development or community work, related or un-related to polkadot-js).
+
+The idea is that these bounties should be left open to community participation, so only if there is no outside interest for a specific issue, should those directly or indirectly paid by the W3F for work, attempt to close an issue. (in which case it will be "un-bountied")
+
+Current bounties are tracked by the [!bounty](https://github.com/polkadot-js/apps/labels/%21bounty) label.
+
+## Process
+
+Once listed, the normal [Gitcoin](https://gitcoin.co/) process kicks in. This means application, work and payment is managed by this tool. The values for bounties are determined by the size estimation done by the team.