Is bounty programs impacting negatively or positively to the success of icos?
For sure it would really positively affect because bounty programs is a part of marketing on such project or ICO where they would really need exposure and as a business or you would really need to have that allocation for you to introduce on whats your project all about. The result would only vary if your project would be supported by the community or not. Once it do get attention or support then expect it can accumulate the amount that had been targeted on.