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For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

Even though a project has a great vision, doesn't mean it will attract more investors. Without whales, almost impossible for a project to run as expected.

What are you talking about? Many project succeded befor without any whale (or at least no one was pointed out as a whale). It doesn't matter if ICO raise $20m from 2 whales or if ICO raise $20m from 2000 small investors

It is often better if the coin is distributed to 2000 investors than to 2 whales, because with many investors the risk of a big dump is not so high.

It depends. If the whales have good economic intentions, then two whales can be really helpful.

Yes but only if they don't sell. I think the best solution is a combination of whales and smaller investors.

History of the latest ICO's have learned us that the whales who buy-in on pre-ico level dump the moment the tokens/coin hits the exchange and then buy back at lower prices so they accumulate higher levels of tokens/coins.
I think the best way to limit this behaviour is to do no pre-sales at very high discounts or limit the allowed investment, this will protect the coin/token holders more.
The downside to this is that the ICO will be less quickly sold out. (just my 2 cents)

I think only very risky project need a pre sale with big discounts over 20% ICOs like for example paypie will be even sold out with 10%