2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only:
$181,295,950 (ico address
here, also note the ETH that has already been moved out)
entire ecosystem suffers because of this
This is true, I do think that the start of the EOS sale marked the start of the bear market. I think they did sell a shit ton of their ETH immediately. As the price continues to drop however, i'm less concerned. At this point it doesn't seem like they are going to be getting the $1b that it looked like in the beginning. Still think EOS will be a successful project though, maybe in the future the ICO for the project will seem reasonable.