I think it can be a good decision not to do bounties. It has pros and cons of course, but at least there won't be the usual bounty dumpers.
I guess that is because they have other marketing campaings in mind. Maybe they don't have enough money for everything and had to make a choice.
so this project will not you have a bounty campaign? perhaps they have in mind other methods to promote, advertise the ico...
Kind of different to other projects. But it will work out and probably it's a good thing.