There is only one legit altcoin bounty in a hundred right now. That is the truth. Sometimes, I am really discouraged to exert more effort and push for an extra mile promoting your project when you can see little effort from the developers or even the bounty managers themselves. The project that I am promoting currently, for example, is a great project as far as my personal judgement is concerned. But then it also is extending, late spreadsheet update, just like the rest.
yes it has been a public secret that the projects created lately is just for the sake of money grabbing from random investors which means the altcoin bounty itself is nowhere but ended scam at once.
i see there is a lot of projects that actually looks like one man job project raising hundreds even millions dollar fund because of the bitcointalk successfull campaign, the actual is that they have no team working on it, no real product and nothing as result let everyone down, stupid scammer.
there is a bounty manager who holding an important role to prevent these scam project spreading around the forum.
they should have a procedure to select which one deserve to manage and which one is garbage.
maybe we have seen it done by a bounty manager like lauda and hhampuzz , my respect for both for the effort.