If all the coins are dumped to everybody, the value of the coin goes down effectively killing it or putting it aside, if they don't, the voting system is a joke and the credibility of the coin goes down and nobody would use it except the few that bought it, do I get it ?
concerning point 1: maybe, after distributing/dumping the value could go down, but could also find a market based balance which is higher - many factors would be influential
concerning point 2: yes, the voting system as proposed is a joke - it's not a democracy but a dictatorship
Well you could either dump everything and hope that somehow it might works or they can control the distribution and ensure that it works then no ?