Update template

- Organize the bounty related section under "Bounty" title.
- Move "Rewards" to the top
- Add a "Context" section as once the bounty is posted, the context of
the repo may be missing.
- Mention the T&Cs.
- Added "Application Evaluation" section to clarify how we review
applicants.
- Pre-fill some sections

.github/ISSUE_TEMPLATE/new-bounty.md

@@ -7,30 +7,60 @@ assignees: hackyguru
 
 ---
 
-### Bounty summary
+## Context
 
-<!-- Explain your bounty's executive summary that precisely mentions it's outline  -->
+<!--
+Context for the bounty on Gitcoin/Bounty platform. Currently curated for a js-waku bounty.
+Only change if the bounty is for another SDK
+-->
+
+Waku Is Uncompromising Web3 Communication at Scale.
+A family of robust, censorship-resistant communication protocols, designed to enable privacy-focused messaging for web3 apps.
+
+The JavaScript implementation of Waku, [js-waku](https://github.com/waku-org/js-waku/), enables web apps to utilize the Waku network for off-chain message transmission.
+
+Disclaimer: Waku is **experimental**, you may find blocking issues while developing your web app. We will prioritize their resolution to unblock you, which means you may have to pause development until done.
+Thank you for your patience and understanding.
+
+**Your participation in this bounty is subject to your acceptance of our terms and conditions.**
+
+## Rewards
+
+<!-- Mention the reward for successfully completing the bounty -->
+
+## Application Evaluation
+
+<!-- Criteria we will use to select the hacker that will do the bounty -->
+
+To ensure you are selected for this bounty, provide the following information:
+
+- Describe the approach you will take to tackle the bounty.
+- A timeline within which you expect to deliver the bounty.
+- Any previous relevant work you have done.
+
+## Bounty
+
+<!-- Explain your bounty's executive summary that precisely mentions its outline -->
 
 ### Impact
 
 <!-- Explain how your bounty positively contributes to the growth of Waku -->
 
-###  Timeline
-
-<!-- Provide a suitable time frame for the bounty objectives to be delivered -->
-
 ### Deliverables
 
 <!-- List out all the deliverables of the bounty -->
 
-### Rewards
+### Acceptance Criteria
 
-<!-- Mention the reward for successfully completing the bounty  -->
-
-### Evaluation criteria
-
-<!-- Explain the guidelines, rules and other factors that help in evaluation  -->
+<!-- Explain the guidelines, rules and other factors that help determine whether the bounty is complete -->
 
 ### Resources
 
-<!-- List out some of the resources that can be helpful in completing the bounty  -->
+<!--
+List out some of the resources that can be helpful in completing the bounty.
+Feel free to modify the list below
+-->
+
+Learn more about Waku at https://docs.waku.org/.
+Join our Discord to get support at https://discord.waku.org/.
+Various examples available at https://github.com/waku-org/js-waku-examples/.