I am still optimistic. DigiEuro (DEUR) also started with a free distribution but of only about one million coins and when that distribution stopped its value has risen dramatically. I bought some DEUR in February when they were around 15 sat and three months later now it is around 50 sat. Dev should bring the free distribution to zero as soon as possible and start faucets to offer fractions of Val, so 0.5 or something in that range after say each minute or every 5 minutes etc. That way will help push the value upwards.
With the current situation it's still a long way to go the distribution is still huge and the dev has no plan to stop it,even if it takes 4 to 5 months I think they want all people to have this valorbit but unfortunately only the whales are going to get more..But if they choose to get distribution through faucet they had a pretty good chance just like all the coins that started like this way..