They were already confirming there will be no bounties. It is a good sign i reckon, since they are not relaying on hype and indiscriminate massive advertising. I see it as a good thing.
However, you can look at it from the other side: now it turns out that this project is for a narrow range of investors-whales. But the viability of the project is very dependent on the mass of its users. For example, Telegram also has investors-whales, but they can afford it, because they already had tens of millions of users. And here the situation is completely different.
that's a good point. Every crypto project needs a broad user base in order to increase its value or maintain it. It is difficult to find a balance between whales and mass users.