A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands
I know but this case I think is kinda exaggerated, pricing the token 100 times the IEO to attract participants, Veil on the other hand gives at least a reasonable conversion depending on the exchange rate. See the difference of these two bounty.
The purpose is of course get as much attention from bounty hunters so they will join the project. I am sure that the $3 is just like a very positive prediction of the token price while it is already traded in exchanges. My opinion is that this is not necessary since bounty hunters these days already how to analyze projects and deception is the last thing that one should do because it will eventually boomerang into the face of the people behind the project...including of course the bounty manager. We are not that desperate enough to go down to this level. I am glad that OP is calling our attention to this project -- P2PS -- so that this mistake can be corrected as soon as possible.