Taking a cue from achievement, task, and contract systems in other MMOs, Firefall is planning to institute a bounty system that will connect daily in-game activities with loot payouts.
There will be several tiers of bounties that offer different measures of rewards and challenges. Quick bounties will be the easiest, followed by daily and weekly varieties. Red 5 is adding a “group bounty” option for players to team up with others hunting the same tough quests.
In addition to rewards from finishing a particular bounty, Firefall will also feature a progress meter that will advance with every bounty completed. At certain milestones on the meter, special items will be given to players.
Source: Firefall