In some cases where a token price crashes soon after listing on the Exchange, the blames has over time been attributed to the bounty hunters and sometimes to early investors that received certain bonuses.
Do you think 40% bonus for early investors is too much and capable of crashing token price?
It is high, keep it at most 30% bonus on good, innovative and sincere projects. Calibrating the tokenmoics of your token sale is extremely important to the project and its investors.