undergrad or grad student looking for extra cash.
dev in a third world country where that might be an average monthly salary.
junior building up their resume and trying to pay off some student loans.
someone that is going to be doing work anyways and at least gets something.
Personally, I'm a senior dev making more than triple what I did when I started my career, and if it were five minutes of work (or even ten, or an hour) I'd be extremely happy with $300.
Example: I want to get better at Golang and have something to show for it. Why not find a OSS task with a Bounty, and get paid while I learn?
Our current calculations for issues is roughly ~$50 per hour of anticipated work from an individual with some relevant skills which we're hoping is enough money to entice people to contribute.
Well actually I wouldn't, but my point is: that's a nice amount of money for students and wannabe devs all over the world.