And what is the danger of trading options without insurance? To begin with, you can trade options for small amounts and for a short time.
The hedging mechanism is applied in stock markets. This saves from negative consequences. In such a highly volatile market as the crypto-currency market, I would not trade without risk insurance.
So no one and does not make you do it. Trade is voluntary)
Do you trade on ordinary criptocurrency exchange? There are no risks? Do you always earn and lose nothing?
On the one hand, I agree with you that it makes no sense to pay a lot of money for placing a token on popular exchanges. After all, the token will be withdrawn over time.
On the other hand, if a lot of money is collected during the sale, why not do it?
If you collected a lot of money during ICO, it is better to spend them on the options insurance fund.
The insurance fund of options will be filled with insurance premiums. I'd rather spend a surplus on listing on a good stock exchange with the goal of warming up interest in the token.