A never-ending discussion. Both sides have their points. Let´s say it: a lot of bounty hunters are going to dump it as soon as the project hits the market selling it for a penny. However, economy and markets exist because there is some kind of harmony between demand and supply. Without demand, even a bazillion of your tokens are not worth a dime. Moreover, if you knew a situation like that can happen (if you are an investor), why wouldn´t you allocate, let´s say, 10% of your investment for a time when the coin gets to the exchange? You would get so much more with a crazy discount! Nothing is for certain, especially in crypto. Why didn´t you cover these two most possible scenarios to eliminate a risk? An educated investor would know how many tokens "for free" would possibly enter the market and he would like to take an advantage of that. Well,better luck next time, I guess?