Absolutely yes! bounty is one of the potential ways to promote ICOs project. One of the key goals of any marketing strategy is to ensure as much market penetration as possible for the product/service. By so doing, many people get to know about the company, what they offer and how to interact with their products and services. This helps to increase word-of-mouth advertising which leads to increased sales.
Bounty programs are usually an integral part of any digital marketing and promotional enterprise. Within the cryptocurrency scene, bounties have become a useful part of any ICO campaign. Many start-ups usually incorporate a bounty program as part of their ICO campaign. I think bounties has great impact on all ICOs campaigns and it has helped companies so far to spread information about their products and services.