Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too
The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.
Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.