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.
I hereby agree on that. Launching bounty campaigns are really not enough to assure the success of a certain project for it just getting the attention and letting the crowd to know that such project do exist. The success of the project still relies and depends on the team behind it to further promote and do the marketing to let investors to get into investing in the project. Even though launching a bounty is not enough, still it plays a big role for people to see and get curious about the project. Any projects must not rely or depend the outcome or success of the project into bounties because the success is worked by the whole team providing marketing strategies to close a deal and the important thing is the idea of the project and how it will be executed will give a big impact on the success of the project. Bounty is just a part of a phase to be done to promote the project and success cannot be reliant on the first step because marketing strategy will matters the most together with the objective and idea of the project itself.