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 main aim or reason why projects are being promoted is of course to reach and caught the attention as well as the interest of the crowd to better know about the project. Also, not all bounty projects are like that. There are just cases that some bounties fail to reach even their soft cap and turns out to fail the project but still there are bounties that still run and success even just closely reaching their soft cap because it is just their lower limit to fund the launch, the release and the listing of the project in an exchange to be able to be known by the crowd. Also, the reason why we are still catering to promote such projects is of course it is a kind of work which is another source of income that can be earned in terms of cryptocurrency. Promotion is often being use to obviously promote their project so that even if they are not noticeable, public will be able to see them and that is the first step for market strategy on showcasing your product into the public.