Everything is perfect about this so far the only thing that is missing is early ivestors reward or long term investor or something like that
The reward for long-term investors is that... they will have more money.
Not sure what is there to add.
I understand his concern.
The problem here is that with a normal security usually the early investors are taking a higher risk (i.e. you don't know if the company will be successfull) but will get a higher reward (i.e. they bought cheaper).
Here instead, buying early give you no benefit over buying later (when you already know if the company is successfull).
But this is not a "normal" security, this is basically guaranteed free money supposing long-term investments and honest operation together with people "nice enough" to gamble. I guess at some point the system could change in order to make it harder to be an investor, which automatically benefits the early investors.