Few of my colleagues told me they quit bounty because many new projects are finding it very difficult to reach soft cap and those who manages to reach softcap ends up listing on ridiculous exchanges because of listing fee, a part of me feels like they are right because if a new project fails to aim for top exchange its game over, the question now is why promoting new projects then?
The promotion of a new project is of course everyone's desire, because success in one project will generate a lot of money. However, most of the projects launched were not carried out properly despite the achievement of the softcap. Softcap is a low-level target for collecting money, and I think softcap in a project reach millions of dollars, while listing in a great exchange only requires hundreds of thousands of dollars. So it is not a strong reason for those project developers who reached softcap and then listed tokens on unpopular exchanges.
right, softcap is the lowest limit to continue the development of the project. but with a minimum limit it is sometimes still difficult for the team to develop optimally. it is easiest when reaching hardcap, but it seems difficult for the current situation, considering that only a few projects have achieved it