Bounty campaign is a good way for projects to spread the word and gain publicity in the cryptocurrency market. But it is not the best way to gain investors. Good projects don't depend on bounties alone to promote their token sale.
And this is because when bounty hunters post about a project, majority of these posts is only seen by other bounty hunters and not to the real investors. And these posts are just basic and can not convince good investors to invest.
Bringing in the investors and funds depends on the team's marketing ability and their ability to close deals. This is why good projects attend a lot of crypto events and network with people.
Though bounties help a project to create popularity and hype among crypto users, the main investment and funds is brought in by the team's marketing and closing ability.
That is very correct, i also do some bounty campaigns and most of them doesn't care more about the investors, they were after the publicity and to spread their project names in order for people to remember it and share the name to other people friends. One of the bounty campaigns i just did join is the project
https://ilcoincrypto.com/ .If investors came in well that's good but if none , that is also okay as long they spread the projects name.