Yes all bouty participants have received w12 a few months ago, only the token is still locked until w12 enters the exchange.
Not only exchanges, but until w12 finish doing the IEO.
This token re-doing sale, the IEO this month. The reason is clear why it can't be traded, because of the IEO.
there is a good and negative impact, if they unlock their W12 tokens, surely a dump will occur, then the IEO will be useless because investors and bounty hunters will sell W12 cheaply, but I'm sure if their strategy is carried out with plans, the price of W12 will tend to rise