Few of my colleagues told me they quit bounty because many new projects are finding it very difficult to reach soft cap and those who manages to reach softcap ends up listing on ridiculous exchanges because of listing fee, a part of me feels like they are right because if a new project fails to aim for top exchange its game over, the question now is why promoting new projects then?
In fact I think there isn't reason to promote new projects. For me it doesn't worth to promote a project for months without guarantees of real profit in the end. Makes no sense to promote tons and ton of projects launching crypto currencies that do the exactly same thing, have the same functions and dump forever after a tiny initial lifespan.
There might be exceptions, but they are too few that if they use this same bounty promotion model (that is already too defamed), the chances of success greatly decrease.
I think crypto currency developers should improve their projects: should improve the features of their currencies before launching, should improve the bounty campaigns to not deceive promoters anymore, paying decently, not after months or even years anymore.
Then I would consider it's a good reason to promote these projects.