ICO and IEO are for raising funds, what about bounty? To create awareness around the web to get more investors right? This makes it two ways for projects to gain investors, I would have said ' why do new projects need bounty hunters for then' but bounty hunters are playing a big role here as you can see that's why we keep seeing bounty campaigns from IEO projects, although not all of IEO cares about bounties
Many projects turn away from bounties, because it's being abused and misused.
More than 50% of bounty hunters who use social media as their tool, have accounts created just for that. Meaning they're mostly spam accounts which no one cares about, no one retweets, no one views. And as such is worthless.
I've done an experiment, where a bounty hunter had more than 15k followers on twitter. And when i checked his stats, it was like maybe 20 views of the post and not a single click or retweet.
I respect your opinion sir but don't you think many of them cannot boost running another means of project marketing except bounty campaign. They consider it as the best option because many of them do not have money to even run ads to get investors. So I think they get served the same way they wanted. Many time I always do website analysis of the projects and I always see that most of where their traffic comes from are brought courtesy of the bounty hunters