The reward for this contest is in Steem, so you get Steem if you win. And, you can earn hunt tokens by being active, such as upvoting hunts, posting regularly, and by writing blog about Steemhunt. For that, you will get 200 hunt tokens (as far as I know). I suggest to join the discord and there you can get answers to your questions.

... if you boost your hunt, you can get hunt tokens than steem. Both are good; I sometimes boost my hunt.