The admins really did not deliver what they had promised; they promised 50 coins and did not delivered. This is really bad for the project and its credibility. Also the people behind it has not exposed themselves. But even though i trusted this project and bought 92 coins because of the idea.
Dumping is very bad for the project and if the price starts to decline as soon as it is launched; The project is assumed to have failed and new investors will not bother to even look into the project. I also see the movement of price before researching into the project. So if all the freeloaders have dumped their coins then the price would have probably declined below $1 and the project would have assumed to be failed.
But even though what they did is not good for the project. Their credibility have declined but they have managed to control the price. the price would have declined far below. Also they lowered the circulating supply which will surely raise the price of the coins. Those who have bought will surely able to earn the same money even without free 50 coins because of less supply.