Traffic Bug

NO. Currently, Traffic Bug do not offers this facility to use different pen names for different projects. You can only use one Pen name on your account. However, you can use different email address for different projects.
As per Traffic Bug, they are updating their coding to implement different PEN name for different projects.

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What makes Traffic-Bug unique? I’ll show you.
Traffic-Bug completely automates Social Bookmarking, Directory Submissions, Search Engine Submissions and RSS distribution. Traffic-Bug has a nice balance of short term and long term. Social Bookmarking and RSS distribution can greatly help a sites ranking in the short term while Search Engine Submission and Directory Submission can begin to [...]