Absolutely this is a bright idea. Actually it is not the bounty hunters that made dump the price. It is the private investors. Imagine bounty is only 3% - 5% of collected ICO money. Not all would dump the bounty money.
Anyway, I am belong to a bounty where the owner pays via XRP not using their own coin.
Since bounty hunters are being blamed for the projects price drop,
Why not ask the projects owner to pay the bounty reward in BTC or whatever the investors used to invest in their project?
They've promised their hunters a reward that has a total of $ value on their token/coin but they couldn't deliver it.
Wouldn't this kind of payment would solve both the investors and hunters problem?
The project price wouldn't dump after the reward has been given to the hunters and the hunters would get what has been promised to them.
I think the BM's could try and convince their clients for this kind of payment if they give it a try.