To build a successful bug bounty program, especially those targeting Web3 or cryptocurrency, several key factors must be considered. Offering appropriate and impact-based rewards can attract top talent and motivate researchers to spend quality time on targets. The scope of the program should also be open and inclusive, covering all relevant assets and attack vectors to maximize the effectiveness of security researchers. A public approach helps identify security risks before they fall into the wrong hands and sends a clear message about prioritizing security. Easy setup requirements, familiar payment currencies, detailed explanations, and coordinated disclosure policies can further establish trust and encourage participation from top researchers. By following these guidelines, organizations can position their Web3 bug bounty programs for success on platforms like Bugcrowd.