Bug Bounty Programs are offered by enterprises by which individuals can receive recognition and compensation for reporting bugs, especially those pertaining to exploits and vulnerabilities. These programs allow the developers to discover and resolve bugs before the general public is aware of them, preventing incidents of widespread abuse.
SafeHats team will manage the entire program so that they could focus on bug fixing. Once the enterprise is confident of his security posture and want to expose its application to public to receive vulnerability reports that is difficult to exploit.