I am impressed with the simple but strong research, at least you decrypted the hidden information behind the bounty campaign. The project doesn't look like promising but there is another reason why bounty hunters join this camping. The exchange promises make the project attractive compared to the alternative projects with no idea about the listing on exchanges.
Good job guys, and I hope you do it more, and I hope more people pay attention. I don't know about bounty hunters where you are but the ones I came into contact with, they actually KNOW things are scams? And they know the fake users and fake team etc, but they look at the chance of listing and pumping to decide if they join.
So is it their fault? Hell yes. Will they ever learn? Look around, right?