the project has low fees, maybe he does not need a bounty program,they will be able to attract investors and raise the necessary amount for the development of the project
the bounty program is designed not only to attract the attention of investors,but it has a huge marketing move in attracting new users of the future product
perhaps you're right, the bounty program will not be superfluous, it will only add popularity to the project,but of course if only the team wants to hold a bounty and allocate to this program some quantity of their coins